FIVE YEARS AGO IN FX WEEK
FIVE YEARS AGO IN FX WEEK
FX Week, December 21, 1992
ABN Amro FX Options Loss Sparks Indictment
James Martignoni, formerly chief FX options trader for ABN Amro in New York, has been formally indicted by a grand jury on charges of bank fraud, making false entries, and conspiracy to commit these offences.
German Banks Gain in First 10 Months
The three largest German banks have reported 10-month earnings that promise good results for the year, boosted by exceptionally good results from foreign exchange trading, say bank executives.
Lira Liquidity Still Suffers
Since the devaluation of the lira in September, the market has been undergoing something of a rough time, say traders at Italian banks in both Italy and London. Although the uncertainty has boosted activity in some currencies, liquidity has been more patchy in the lira, traders report. And, they say, with the current political turmoil in Italy and the approach of Christmas, both banks and customers are keeping their heads down.
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More on Regulation
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Currenex loses US court bid to reveal XTX trade secrets
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Ruled out: can regulators settle the pre-hedging debate?
Market participants are at odds over the practice and whether regulation or principles can settle the score
More disclosure touted to temper pre-hedging ills
Transparency could help investors choose a dealer, but will they use the disclosures?
