Banks handed further fines in Switzerland for FX trading cartel
Swiss competition authority has fined Barclays, Citigroup, JP Morgan, RBS & MUFG a combined CHF 90 million for its role in rigging the FX spot market.
Foreign Exchange
CLS appoints new chief executive from European Central Bank
FX settlement system names new CEO following departure of David Puth in September 2018.
CBOE FX launches execution tool to enhance access to liquidity
Cboe FX Point solution to streamline relationship-based trading in foreign exchange markets.
Major banks fined over €1 billion for role in FX trading cartel
European Commission has fined Barclays, RBS, Citigroup, JP Morgan and MUFG a total of €1.07 million for involvement in FX trading cartel.
CME Traiana upgrades credit risk tool for FX prime brokers
Traiana has bolstered its Credit Risk Hub to provide FX prime brokers with greater control over credit risk.
Deutsche Börse confirms talks to buy FX businesses from Refinitiv
Deutsche Börse in discussions to acquire Refinitiv's FXall platform but refutes reports of a $3.5 billion price tag.
Northern Trust appoints FX sales head in the Americas
Ernesto Arteta, formerly a senior trader at Northern Trust, has been promoted to lead FX sales in the Americas.
Broadway Technology acquires OMS provider Barracuda FX
FX OMS provider Barracuda FX will expand into fixed income after joining trading software specialist Broadway Technology following the acquisition.
SGX acquires stake in FX trading platform BidFX for $25 million
BidFX, a subsidiary of TradingScreen, will use the funds to expand its reach among the institutional investor community.
Euronext to launch FastMatch matching engine in Singapore
FastMatch matching engine is expected to be fully operational in Singapore in the fourth quarter this year.