US authorities are investigating whether middlemen in the $5 trillion-a-day foreign exchange market posted fake bids, rigged auctions and gave confidential information to others who then profited from it, according to people familiar with the situation.
The US Commodity Futures Trading Commission has closed its investigation into Deutsche Bank’s FX business, the bank revealed in its Q3 results.
In sharp swings, automated orders meant to protect against losses are often making them worse.
We are less than a fortnight away from the culmination of arguably the most divisive US presidential campaign in history and currency markets are currently preparing themselves for another political spasm.
Mexico’s peso could gain nearly five percent if Hillary Clinton wins the US presidency, according to a Reuters survey of fund managers, even after a significant rally in the currency as polls showed her rival Donald Trump falling behind.
CME Group has seen a boost in voluntary clearing in swaptions, FX and equity derivatives following the onset of stricter collateral rules.
Personal and corporate banking has delivered the highest quarterly pre-tax profit since 2008.
Citibank are projecting pound sterling to move well below 1.20 against the US dollar and 1.10 against the euro over coming weeks and months.
A team of Citigroup derivatives traders generated about $300 million of revenue this year, thriving from serving companies and investors trying to anticipate central bank decisions, according to people with direct knowledge of the matter.
With the current state of the world economy, more uncertainty and a lack of clarity in their currency policy is not what any of us need.
Big Daddy Holds Sway Over Rupee Market Spurring Trader Angst – Bloomberg Rupee swings are among lowest in emerging-market currencies.
IMF Managing Director Christine Lagarde said Egypt is facing a currency crisis that should be tackled based on local circumstances.
When it comes to managed services in FX, there are many flavours on the menu.
Banks in the European Union will get more time to adjust to new rules aimed at making sure that banks hold enough of a capital cushion against risky lending on their trading books, an EU document showed.
The European Commission is set to publish the last two sets of MiFID II technical standards in the first half of November.
Maintaining the status quo would avoid disrupting securities financing and collateral reuse.
Total monthly volume and client collateral deposits reached new 2016 highs in September.
The Merc said it will launch its first two bitcoin reference rates on November 13.
A Japanese financial services group is set to launch the first bank-backed digital currency exchange.
The yen remained close to it weakest level against the dollar in three months during Asia trade, after a rise in US bond yields and the release of economic data supporting the case for an increase in US interest rates strengthened the greenback overnight.
The Canadian dollar strengthened against its US counterpart as oil rose, while a breakthrough on a free-trade agreement with the European Union improved the longer term outlook for the loonie.
Despite some less-than-encouraging eurozone data the single currency trended higher as investors anticipate a fresh strengthening in German inflation, especially as confidence in the US Dollar softened.