Compliance
ANZ signs up to FX Global Code
The Australian bank commits to the principles of good behaviour
Esma proposes crackdown on CFDs and binary options
Esma considers ban on binary options and tighter leverage limit rules for contracts for difference
GFMA sees Mifid II as an opportunity for dealers
Dealers will review their strategic decisions in 2018
BNP Paribas signs up to FX Global Code
The French bank is the third lender to sign a Statement of Commitment after Barclays and Saxo Bank
Thomson Reuters launches MTF
The new MTF will provide FXall and Forwards Matching users with a compliant source of liquidity
Barracuda FX launches OMS Cloud
New cloud-based OMS will include many FX features such as connectivity to Barracuda’s Order Hub service
Court grants ECU’s data application in HSBC case
Judge rules that HSBC should hand over data to ECU group after the manager's pre-action disclosure request
DFS hits Credit Suisse with $135m fine
Department of Financial Services issues consent order, listing FX misconduct and abuses that potentially affected customers for years
Thomson Reuters commits to FX Global Code
The venue joins a number of early adopters in pledging to support better behaviour in the currency market
Market participants start testing Mifid II systems
But they do not feel fully ready for the sweeping changes taking effect on January 3
Johnson set to take stand today
Mark Johnson will testify in his own defence today following day of high drama on October 10 around Rodgers’ analysis
Fed fines HSBC $175m for unsafe FX practices
Bank ordered to improve practices
ACI joins voices calling for changes to Principle 17
ACI finds “no firm evidence or specific situations” where there is any likely benefit to clients from trading in the last look window
Cürex launches pre-trade time-stamping
The new capability will allow Cürex’s customers to prove their compliance with Mifid II
RBC Capital Markets partners BestX for TCA
The Canadian bank is the latest FX dealer to sign up for the transaction cost analysis service
XTX appoints Niki Beattie as non-executive chairman
She is the founder and managing director of Market Structure Partners, an independent consultancy
FCA grants APA approval to Abide Financial
Authorisation allows Nex Regulatory Reporting, powered by Abide, to provide enhanced services ahead of Mifid II
CLS commits to FX Global Code, sets up public register
The settlement firm says it has aligned its activities with the principles of the Code
Nex Optimisation boosts Harmony as Mifid II deadline approaches
Traiana’s Harmony has been extended to enable participants to exchange additional information to assist with meeting a number of regulatory obligations under Mifid II
ECB outlines approach to implementing FX Global Code
Adherence to the code of conduct will be a prerequisite for membership of the ECB’s Foreign Exchange Contact Group
Former Barclays trader banned by Fed
Michael Weston routinely engaged in 'unsafe and unsound conduct' between January 2011 and October 2012
BNP Paribas fined by Fed over FX manipulation
The French bank is to pay $246 million to settle an investigation into misconduct
Saxo Capital Markets exits CFD lobbying group and sides with FCA
UK subsidiary breaks ranks with big spread-betting firms amid dispute over proposal for tougher rules on CFD products
Saxo signs up to FX Global Code
The Danish bank is the second firm to commit after Barclays