Deutsche Bank fined $205 million for multiple FX violations
FX traders at Deutsche Bank were found to have used online chat rooms to coordinate trading activity and manipulate currency prices.
Foreign Exchange
Fixing foreign exchange: Addressing legacy technology
The battle with legacy technology systems is ongoing concern for many banking institutions, but arguably no more so than foreign exchange. With an explosion of market data and increasing market fragmentation, technology strategies at large FX institutions have never been more important for staying ahead of the game.
FX buy-siders look to reduce human touch on trading desks
Survey by WBR ahead of TradeTech FX conference finds automation is the biggest priority for buy-side FX trading desks.
CLS makes R3 blockchain investment
FX settlement firm CLS has invested $5 million in blockchain consortium R3.
Deutsche Börse expands 360T business with $100m acquisition of FX venue
Deutsche Börse will combine GTX ECN with 360T FX trading platform to form new 360TGTX business.
NEX Markets adds Bloomberg FX benchmark to matching service
The BFIX benchmarks have been added to NEX Markets eFIX Matching service.
Commerzbank replicates FX trade with blockchain
Commerzbank and thyssenKrupp’s FX forward deal was a EUR/PLNFX trade which amounted to €500,000.
FX Global Code of Conduct: One year on
With 25 May marking the first anniversary of the FX Global Code of Conduct, The TRADE examines whether FX institutions are choosing to adhere to the Code and if compliance has proved difficult for some.
London-based market maker first to establish FX trading engine in Singapore
XTX Markets gains support from Monetary Authority of Singapore to set up FX pricing and trading engine.
LMAX enters crypto world with institutional digital asset exchange
LMAX Digital offers trading in cryptocurrencies like Bitcoin, Litecoin, Ethereum, Ripple and Bitcoin Cash.