FX Trading Volumes Flat in July vs Last Year: NEX Group
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FX Trading Volumes Flat in July vs Last Year: NEX Group – Reuters
Average daily trading volumes of currencies in July remained broadly flat compared to the previous year, NEX Group said on Friday, despite an uptick in tensions over global trade that rattled forex markets.
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Industry Bodies Must Step Up to Fight FX Industry’s Corner
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Industry Bodies Must Step Up to Fight FX Industry’s Corner – Profit & Loss (subscription)
In this column on June 7 2018 I wrote that the time had come for someone to show industry leadership when it comes to arguing the foreign exchange industry’s corner specifically around pre-hedging and Mark Johnson’s pending appeal. This week it has been revealed that ACI – The Financial Markets Association is to draft a response to Mark Johnson’s defence team’s call for Amicus Briefs – independent expert submissions – to support his appeal. I understand that other Briefs are also being written for submission; however, they are not from associations. I cannot stress enough how important it is for the associations that represent so many of their members contribute to this case.
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Credit Suisse Charged With Rigging Foreign Exchange Rates
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Credit Suisse Charged With Rigging Foreign Exchange Rates – Reuters
Credit Suisse has been charged by European Union antitrust regulators with rigging foreign exchange rates, the Swiss bank said on Tuesday, a sign that the five-year-long EU investigation may reach a conclusion in the coming months.