Dismissed FX Trader: Information-Sharing Widely Practiced – Profit & Loss A former Citi trader who is claiming unfair dismissal in the wake of the foreign exchange rigging scandal, told a London court on Tuesday that the information-sharing that resulted in his dismissal was widely practiced in the business and“normal”across the industry.
Japan’s Nikkei 225 Rises 7.7% for Biggest Gain Since October 2008 – Bloomberg Japanese stocks soared, with the Nikkei 225 Stock Average staging the steepest advance since the aftermath of the 2008 Lehman Brothers Holdings Inc. bankruptcy.
China says any Future Fluctuation in FX Reserves ‘Normal’ – Reuters China’s central bank flagged the chance of further fluctuations in its foreign exchange reserves on Tuesday, but said these would be “normal”
US Stocks Rally – Wall Street Journal (subscription) Dow industrials gain 390 points, extending a bout of volatility. Stocks rallied for their biggest one-day gain in two weeks, extending a bout of volatility spurred by uncertainty about China’s economy and U.S. interest rates.
EBS BrokerTec Licenses FX Bridge’s FX Options Software – Profit & Loss EBS BrokerTec, announces today that it has licensed software from derivatives trading technology company, FX Bridge Technologies Corp.
SEFs: A Mid-Year Snapshot – Markets Media Swap execution facilities are holding about steady with regard to order flow, though robust growth remains limited to pockets within the SEF space.
Bank of France Nominee Villeroy to Be Grilled on BNP Links – Bloomberg Francois Villeroy de Galhau, the former BNP Paribas SA executive who was nominated on Tuesday to run the Bank of France, will now have to fend off questions about conflicts of interest.