The total consideration for the deal is between US$600m and US$700m comprising approximately US$550m upfront.
The trade was completed ahead of the upcoming discounting and Price Alignment Interest transition to USD SOFR at LCH SwapAgent.
After a two-week trial, James Vorley and Cedric Chanu were convicted of three counts and seven counts, respectively, of wire fraud affecting a financial institution.
Because the district court tethered Matthew Connolly’s sentence to Gavin Black’s sentence, both sentences should be vacated and remanded for reconsideration, the US authorities argue.
As a result of this new service to be in place by the final quarter of 2020, thinkFolio clients will be able to access EBSI’s execution functionality.
It is increasingly challenging to ensure a genuinely level playing field in markets where even small differences in the speed of access to market-sensitive information can be significant, BoE warns.
Akshay Aiyer will also have to pay $150,000 criminal fine for his participation in an antitrust conspiracy to manipulate prices in the global FX market.
Set to be launched in mid-2021, the new FX trading and pricing engine will be Barclays’ fourth electronic FX trading hub globally.
Akshay Aiyer, convicted for his participation in an antitrust conspiracy to manipulate prices for emerging market currencies in the Forex market, deserves a sentence of imprisonment of between 37–46 months, the US authorities argue.
Judge Lorna Schofield says it was not proper for the plaintiffs to serve interrogatories on HSBC Holdings plc.
This tool takes the extensive price data that is already functionally equivalent to OTC options and creates a volatility grid by tenor and deltas for comparison purposes.
The firm failed to specify certain material aspects with respect to payment for order flow arrangements for various quarters between 2008 and 2016.
In July 2019, the CFTC deemed the exchange dormant.
Options on the Micro E-mini S&P 500 and Micro E-mini Nasdaq-100 futures are 1/10th the size of their E-mini options counterparts.
Net profit Group share amounted to CHF 48.7 million in the first six months of 2020, up 50% from a year earlier in constant currencies.
Rohan Ramchandani and Richard Usher should not have kept any documents produced as part of the discovery in the criminal proceedings against them, according to the Department of Justice.
HSBC Holdings refuses to provide information about its communications with the DOJ concerning the fine assessed in the 2018 deferred prosecution agreement.
Deutsche Bank has a long track record in providing corporate finance and advisory solutions to Vietnamese corporates.
Richard Usher and Rohan Ramchandani ask the Court to allow that the materials produced by the DOJ in the criminal case be used in the OCC proceedings.