Trading
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
Nex optimises post-trade OTC FX with direct clearing connectivity
By removing secondary matching, Nex optimises post-trade workflow and maximises benefits of clearing
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
GFXC hopes for Principle 17 decision on November 15
Committee publishes responses to its consultation on last look and will meet to decide on the subject on November 14
Flow Traders aims to become a leading FX liquidity provider
The Dutch market-maker has partnered MarketFactory to make a push into the currencies space
Johnson appeals to FX community for sentencing help
Mark Johnson, who has been found guilty of wire fraud in the US, is asking people to write to the judge as character witnesses
Barbados bar owner rolls out FX broker comparison site
Website targets SMEs seeking to obtain the best price for their international payment transfers
Wells Fargo says FX departures not related to front-running
Spokeswoman says executives' exits are unrelated to misconduct such as market collusion, market manipulation or front-running
CME to launch bitcoin futures
Pending regulatory approval, the cryptocurrency will become available on the world’s largest derivatives exchange operator by the year-end
Robson joins Goldman Sachs in sales
He was formerly a vice-president in AES FX sales at Credit Suisse
‘So FX is now illegal’
Mark Johnson's guilty verdict and the decision to extradite Stuart Scott raises personal risks for FX market participants
ECU and HSBC clash over data
ECU wants the bank to hand over data relating to three stop-loss orders, executed in 2006, in a pre-action disclosure application
Esma: FX derivatives market worth €112.3 trillion in European Union
Accounting for 19% of transactions, FX is second-largest derivatives market in EU
Guilty verdict returned in Johnson case
Jury finds Mark Johnson guilty of conspiracy and eight counts of wire fraud
Swissquote: dollar has room for correction, but not a comeback
The bank's head of market strategy says markets under-appreciate the Fed's commitment to policy normalisation
'End this nightmare,' says Johnson's defence
In his closing arguments, defence attorney John Wing tells jurors the prosecution failed to show evidence to support their claims
Prosecutor alleges ‘bonanza of lies’ in closing argument
Prosecuting attorney says Mark Johnson used his superior knowledge to take advantage of Cairn Energy
SGX launches US presence in Chicago
Asian exchange opens US operation to build on extension of offshore trading hours on SGX in late 2016
Johnson under cross-examination
Prosecution attorneys argue HSBC went beyond its executing bank role when it advised Cairn on order execution
Expect dollar rally to fade, BBVA says
The Spanish bank sees EUR/USD trading at $1.18 by year-end and to hit $1.21 by the fourth quarter of 2018
‘Gus thinks we’re buying 6.5bn’ – Johnson trial
Mark Johnson’s trial reveals how HSBC faced significant difficulties with the Cairn order as other banks knew of the deal and tried to benefit from the information
Judge allows Rodgers’ ‘Russian name’ analysis into case
Judge does about-turn and allows Rodgers – whose $1,100 hourly fee riles prosecution – to enter his findings in court
Johnson: ‘It was fair all around’
Embattled former trader says execution of Cairn Energy order produced better than expected outcome