FX traders at Deutsche Bank were found to have used online chat rooms to coordinate trading activity and manipulate currency prices.
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.
Survey by WBR ahead of TradeTech FX conference finds automation is the biggest priority for buy-side FX trading desks.
FX settlement firm CLS has invested $5 million in blockchain consortium R3.
Deutsche Börse will combine GTX ECN with 360T FX trading platform to form new 360TGTX business.
The BFIX benchmarks have been added to NEX Markets eFIX Matching service.
Commerzbank and thyssenKrupp’s FX forward deal was a EUR/PLNFX trade which amounted to €500,000.
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.
XTX Markets gains support from Monetary Authority of Singapore to set up FX pricing and trading engine.
LMAX Digital offers trading in cryptocurrencies like Bitcoin, Litecoin, Ethereum, Ripple and Bitcoin Cash.