The charges against Robert Bogucki relate to the manipulation of foreign-exchange options before a large trade by Hewlett-Packard in 2011, according to a Justice Department statement.
The dollar put its worst foot forward in Asia morning trade, weakening against a raft of major currencies and extending a fall that has seen it drop 2.1 per cent for the year to date.
Sterling edged lower against the dollar after a rally as traders took profits and awaited the latest developments in negotiations over Britain’s departure from the European Union.
The euro fell after rocketing to a fresh three-year high in early trades above the $1.23 line as some investors ramped up bullish bets about the currency though some concerns from policymakers this week damped broader optimism.
Bitcoin steadied in the wake of a 23 percent plunge that rocked the global market for digital assets and sparked deeper questions about its future.
- Bitcoin Jolted by Regulation Worries, Falls Seven Percent on Extended Selloff – Reuters
- Just Another Day for Bitcoin – a 25% Plunge – Wall Street Journal (subscription)
Kay Van-Petersen, an analyst at Saxo Bank, said in December 2016 that bitcoin would reach $2,000 in 2017, a feat achieved in May.
An influential eurozone central bank official has warned that an abrupt British departure from the EU would be a “genuine shock” threatening the stability of Europe’s financial system.
Like Mifid II, the EU Benchmark Regulation has many extraterritorial effects.
Seven central securities depositories and SWIFT, the bank-owned cooperative for secure financial messaging services, are working together to progress standards in distributed ledger technology for post-trade.
- Here’s Where Banks Rank on Blockchain Patents – Bloomberg
- Beyond the Bitcoin Bubble – The New York Times
BitConnect said it’s closing the company’s cryptocurrency exchange and lending operation after receiving two cease-and-desist letters from state authorities for the unauthorized sale of securities and suffering from denial-of-service attacks.
Nomura has announced a number of changes to its senior management structure that includes a new role for Nigel Khakoo, formerly managing director and global head of FX trading.
The Societe Generale Prime Services CTA Index ended 2017 with gains of 2.34%, following a positive last quarter during the year.
Mike McKinley has joined Goldman Sachs as a vice-president, focusing on e-FX sales.
Lisa Spiteri started her new role on January 15, switching from Nex-owned EBS, where she worked for more than 13 years.
During December 2017, total FX options averaged 63,068 contracts per day, which represented a rise of only one percent year-on-year from 62,567 contracts per day in December 2016.
China’s renminbi was once again nearing its strongest level in more than two years as the dollar dipped to its lowest intraday level in more than three years in Asia.
The Australian dollar got a boost from data showing home loans had snapped a two-month run of declines, beating forecasts.
Foreign-exchange traders who had all but priced in a Bank of Canada rate hike are suddenly paying up to hedge against the risk of a letdown at Wednesday’s policy meeting.