Julie Ros – Page 106 – Foreign Exchange Professionals Association

November 26, 2015 Julie RosglobalFXsource0

Big Banks Accused of Interest Rate Swap Fixing in US Class Action Suit

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Big Banks Accused of Interest Rate-Swap Fixing in US Class Action Suit – Reuters A class action lawsuit, filed Wednesday, accuses 10 of Wall Street’s biggest banks and two trading platforms of conspiring to limit competition in the $320 trillion market for interest rate swaps. Read More

November 25, 2015 Julie RosglobalFXsource0

US Traders’ Algorithms Face Tougher Scrutiny

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US Traders’ Algorithms Face Tougher Scrutiny – Financial Times (subscription) As many as 100 trading groups that generate more than a third of volumes on futures exchanges would have to register and let the government inspect their secret source code under a US regulator’s plan to patrol the frontiers of electronic markets.

CFTC Approves New Rules on Automated Trading – Profit & Loss

November 24, 2015 Julie RosglobalFXsource0

Currency Spoofing is Said to Be New York’s Latest Target

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Currency Spoofing Is Said to Be New York’s Latest Target – Bloomberg The New York attorney general is investigating possible manipulation in foreign-exchange trading, according to a person familiar with the matter, aiming more scrutiny at a market already tainted by scandals that have led to billions of dollars in fines.

New York Opens Probe Into Currency Manipulation – Wall Street Journal (subscription)

November 23, 2015 Julie RosglobalFXsource0

Monetary Policy Risks Becoming Ineffective in Low Growth World – ECB’s Coeure

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Monetary Policy Risks Becoming Ineffective in Low Growth World: ECB Coeure – Reuters Monetary policy risks becoming ineffective in a world where growth is sluggish, economies are deeply interconnected and interest rates are already near zero, a top European Central Bank policy maker said on Saturday. Read More

November 20, 2015 Julie RosglobalFXsource0

Draghi Says ECB Will Do What it Must to Spur Price Gains

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Draghi Says ECB Will Do What It Must to Spur Price Gains – Bloomberg European Central Bank President Mario Draghi set the scene for further stimulus in two weeks’ time, saying the institution will do what’s necessary to reach its inflation goal rapidly. Read More

November 19, 2015 Julie RosglobalFXsource0

Barclays Took a Last Look at its FX Trades

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Barclays Took a Last Look at Its FX Trades – Bloomberg This is bad customer service: On June 6, 2011, in an email discussion about Last Look, a Barclays Managing Director and Head of Automated Electronic FX Trading wrote: “Do not involve Sales in anyway [sic] whatsoever…”

Barclays to Pay $150 Million Over ‘Last Look’ Trading System – Wall Street Journal (subscription)

November 18, 2015 Julie RosglobalFXsource0

UK Court Rules Against Citigroup in Dispute With Former FX Trader

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UK Court Rules Against Citigroup in Dispute with Former FX Trader – Reuters A London employment tribunal has ruled against US bank Citigroup on Tuesday in a dispute over the dismissal of a foreign exchange trader.

Stimpson Wins Unfair Dismissal Case Against Citi – Profit & Loss

November 17, 2015 Julie RosglobalFXsource0

Investment Banks’ Revenue Set to Decline Again in 2015

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Investment Banks’ Revenue Set to Decline Again in 2015: Survey – Reuters Revenue at the world’s 10 largest investment banks is on course to decline again in 2015 by two percent to $148 billion compared to a year ago, although a strong showing in equities will limit the fall, a survey on Tuesday showed. Read More