Bank of Russia finds RUB 750 billion of “mirror trades” in 2014-2016
The regulator says Deutsche Bank was not the only company involved in illegal mirror trading schemes.
Institutional FX
Why ASIC’s censuring of Westpac is important to the FX industry – Insight from within
As major Australian bank Westpac is censured by ASIC, we examine why accuracy when approaching the core trade reporting process required by regulators these days is vital from an FX industry point of view
Find YOUR next talent for free! FinanceFeeds launches fully interactive FX industry employment resource
We invite YOU to list your job openings for free, to a dedicated audience of experienced FX industry across all sectors of the business
Interactive Brokers beefs up offering to institutional clients with new Pre-Trade Compliance Tool
The Pre-Trade Compliance tool replaces all trading restrictions previously available in Account Management and EmployeeTrack Management.
Saxo Bank to enhance Performance Dashboards via Sales Funnel Simulation tool, Client Segmentation chart
The Client Segmentation chart will be available by the end of Q3 2017 along with further improvements to the Performance Dashboards.
ADS Securities loses Head of Prime Brokerage Louisa Kwok after less than a year
In less than a year, ADS Securities London operations has experienced an outflow of senior executives, the latest being BNP Paribas and Morgan Stanley Prime Brokerage relationship specialist Louisa Kwok. We look at the credentials of the alumni
Exclusive: Former ADS Securities executive Bryan Seegers joins Jefferies as SVP, Quant Relationship Management
Today, Bryan Seegers commences his new position at Jefferies, signaling a return to New York and the next level within his institutional career in electronic trading
Bank committee picks an alternative to US dollar LIBOR
The ARRC’s goal has been to develop a strategy to move a substantial portion of derivatives trading from instruments referencing USD LIBOR to a more robust alternative rate.
Lucid Markets LLP confirms Lucid Markets Trading is person with significant control
There is no visible change for Lucid Markets LLP, as Lucid Markets Trading Limited is confirmed as a person with significant control.
Carte Blanche at the Tier 1 banks. As regulators strangle the OTC sector, largest FX interbank dealers run amok
Barclays, the world’s third largest FX dealer, continues to dictate to the OTC industry in every aspect from trade execution/rejection to prime brokerage, yet gets away with all manner of transgressions from fraud to undercapitalization. We examine the double standards of those upon who our industry rely
Leave the Central Counterparties alone! UK’s angry and justified ultimatum to Europe
CCPs in the hands of technologically bereft socialist siesta countries with no financial markets economy, massive taxes and huge state and ECB dependency would be the kiss of death.
We speak to Saxo Bank’s Australian CEO on the firm’s continuing multi-asset expansion
“On the Saxo side, we will be the first true multi-asset broker to offer HIN execution and settlement for Australian equities, meeting a known demand in the market place. On the flipside, Open Markets will be taking advantage of Saxo’s market-leading International Equities engine, enabling them to offer International equities to their customer base.” – Ben Smoker, CEO, Saxo Capital Markets Australia
It’s raining regulations! Join us in London for a MiFID II Breakfast Symposium on July 4
On Tuesday, 4 July 2017, at EIGHT MOORGATE private members club in Central London, FinanceFeeds, along with TRAction FinTech, will be hosting a breakfast symposium, beginning at 8.30am until 10.30am, which will present the absolute intricacies of compliance with MiFID II, what will need to be done, and how to most effectively achieve it.
Deutsche Bank agrees to pay $170m to settle Euribor manipulation lawsuit
Investors have accused the bank of rigging Euribor from June 2005 to March 2011.
Is your FX brokerage going to be caught by CRS rulings? A Detailed insight
Australia, one of the countries that is subject to the CRS, is a very well recognized center for the FX industry. Prior to July 1 this year, OTC derivatives brokers will need to determine whether they are caught by the CRS requirements. TRAction FinTech Director Sophie Gerber investigates
It’s election day! Whilst the institutional sector takes a pragmatic view, the retail spread betters take political odds
Two completely opposing ideologies form the choice for Britain’s electorate today. One despises the financial sector, the other has been instrumental in growing it into what it is today – a world-renowned, high quality and technologically advanced powerhouse
ECU Group targets HSBC in legal motion over alleged Forex manipulation
ECU has filed an application for pre-action disclosure, a move typically preceding a full-scale lawsuit.
UK FCA conducts seven dawn raids in 2016 – RPC data
The number represents an 81% drop from the 37 dawn raids that were executed in 2009.
Register now for the FinanceFeeds London Cup FX industry networking event on July 6, 2017 in the Square Mile
Come and join us for an evening of important FX industry networking at EIGHT MOORGATE club in London on July 6 – See you there!
