The defence team conducting former HSBC FX trading head Mark Johnson’s appeal against his conviction in late 2017 have filed their appeal brief to the US Court of Appeal, in which they argue that the US Government’s brief offers, “…the latest flavour of the prosecution’s many ever-shifting, imprecise, and contradictory attempts to explain just what, exactly, the crime here was, and it exposes why there was none.”
The operators of FX platforms deny that credit management has failed to keep pace with the development of automated trading – but they do acknowledge that the process could be more efficient.
As the partial US government shutdown drags into its 33rd day, analysts are getting creative when it comes to gauging which way certain financial markets are leaning.
The economic instability created by the UK’s departure from the European Union is unlikely to affect sterling’s popularity as a reserve currency, analysts say.
Greenfield start-ups embedded within the core business might be the best way for banks to address their legacy infrastructure problem.
The Australian Securities and Investment Commission (ASIC) was reportedly found to have accepted expensive gifts and hospitality from financial firms including Macquarie Bank even as it was under multiple investigations by the corporate regulator.
Davis Polk lawyers expect changes to Volcker rule and guidance on cryptocurrencies.
The UK parliament can’t agree on how to leave the European Union, but many finance firms have already decided how much money to move out of the City of London – a shift that’s seen by some as irreversible.
As a critical round of talks with China kicks off next week, the Trump administration is increasingly pessimistic that Beijing will make the kind of deep structural changes to its economy that the United States wants as part of a comprehensive trade agreement, according to officials involved with the talks.
interview with NFA President and CEO Tom Sexton about how his organization deals with regulation, outsourced regulatory services, education and rulemaking.
Britain’s markets watchdog said on Wednesday it would consult later in the year on a proposed ban on selling derivatives linked to certain types of crypto assets to retail customers.
The proof-of-work algorithm used by bitcoin and some other cryptocurrencies is not viable in the long-term and needs to be replaced, argues a new study from the Bank of International Settlements (BIS).
Bitcoin’s price appears to be stabilizing, and the digital currency may even be gearing up for a short-term rally, technical indicators show.
Coinbase is turning to Asia a little more than six months after making a big push to become the go-to trading platform for Wall Street when it comes to all things related to digital currencies.
CME Group Chairman and CEO Terry Duffy has what traders call a “hot hand” as he approaches his next high-stakes challenge: integrating the company’s biggest acquisition in more than a decade. CME closed the $5.5 billion purchase of London-based NEX in November, capping a strong year for the world’s biggest operator of futures exchanges.
Gita Gopinath has a knack for asking the kind of questions that, not so long ago, might have raised eyebrows inside the International Monetary Fund, where she just took over as chief economist. An expert on FX regimes, Gopinath takes over at a turbulent time.
German asset manager 7orca Asset Management AG has expanded its use of HIS Markit’s ThinkFolio solution to include its order management and portfolio modeling solution.
Sterling rose above $1.3 on Wednesday on signs that British lawmakers will move to prevent a disorderly no-deal exit from the European Union.
The dollar held near a three-week high on Wednesday after the Bank of Japan left monetary policy unchanged, boosting risk appetite and sending the yen lower.
Currencies in emerging Asian markets are rallying, and the most accurate forecaster is warning there’s too much optimism. Investors are “too dovish” on the Federal Reserve’s rate path, which helped drive a measure of the region’s currencies to a six-month high even as exports are struggling.
China’s renminbi mounted a rebound against the dollar on Wednesday, with the strongest rise in a week putting it on track to end a four-day run of losses.