The US division of BNP Paribas pleaded guilty to a price fixing conspiracy and agreed to pay $90m, making it the latest bank to admit wrongdoing in the wide-ranging probe of fraud and misbehaviour in foreign exchange markets.
South Africa’s Competition Tribunal has added five names to the list of institutions it is charging with manipulation in rand (ZAR) markets.
The US derivatives regulator is set to announce it has fined European lenders UBS, HSBC and Deutsche Bank millions of dollars each for so-called “spoofing” and manipulation in the US futures market, three people with direct knowledge of the matter told Reuters.
The dollar edged higher against a basket of currencies, helped by rising bond yields and a week packed with US data starting with a central bank policy decision, though the broader outlook remained murky for the greenback.
Chance to gain a foothold in global finance may come only once in a generation.
Sterling edged down against the dollar, as investors worried about political uncertainty in Britain as it emerged that Prime Minister Theresa May was facing a fresh challenge in pushing through her Brexit plans.
Investors have sharply increased their bets that sterling will rise since the end of last year, amid progress on Brexit negotiations and concerns about US politics.
Most recent CFTC report showed leveraged funds with 1,142 long positions in bitcoin futures, more than double the 518 short positions they held.
The latest round of FX committee semi-annual turnover surveys indicate that activity globally dipped slightly in October 2017 from the previous April, but was up year-on-year.
Dollar tumble, soaring assets driven by synchronous output.
Ian Battye, chief investment officer, currency, at Russell Investments, talks to Profit & Loss about the next steps for driving the adoption of the Global Code of Conduct within the FX industry.
Boosters of blockchain technology compare its early days to the early days of the internet – it is wrong to do so.
Leaders from the world’s biggest economies are planning to discuss a global regulatory framework for cryptocurrencies at the next G20 summit in March, European Central Bank policymaker Benoît Cœuré said.
By all indications the agencies are taking the right approach. Here’s how they can take it a step further.
Top financiers voice worry about bubbles, Fed’s dovish stance.
Concerns rise that new rules will result in a dearth of research coverage.
FX Connect is partnering with trade technology software provider, BestX, in order to offer transaction cost analysis (TCA) solutions globally.
The venue also makes changes to its system to improve market data rates.
Cobalt, the foreign exchange pre- and post-trade processing network, has appointed Darren Coote as a strategic advisor and investor.
Fluent Trade Technologies has announced that it has enhanced its trading technology platform by launching post-trade risk management services and ‘at-trade’ venue credit and kill switch APIs.
The yen strengthened sharply after central bank governor Haruhiko Kuroda said Japan is “finally close” to the bank’s 2 per cent inflation target, fuelling speculation that the bank could be prepared to scale back the pace of quantitative easing.
The Aussie fell as much as 0.4 percent to 80.79 cents. It’s paring back an advance last week that took it to 81.36 cents on Friday, the strongest since May 2015.