Jacob Bourne, a swaps trader and managing director at Deutsche Bank, mismarked swaps valuations to try and conceal losses.
German exchange group continues FX growth with new market data service from 360T.
Christopher Giancarlo, head of the CFTC, has long-been a critic of swaps trading rules in the US.
Average daily FX turnover in the UK hits new highs in April according to data from the Bank of England.
Greenwich Associates lays out potential benefits to ease of restrictions on swaps trading and SEFs in the US.
trueEX recorded the second highest Sef volumes across all platforms for the first half of year.
Swaps products will see CME expand its offering to 21 currencies.
The bank's exit could stoke further fears of consolidation in the swaps clearing market, with over half of all business concentrated with the top three dealers.
Acting chairman Chris Giancarlo has targeted swaps execution and variation margin rules as part of his regulatory overhaul.
Japan's financial regulators believe a US proposal to expand its swaps rules to non-US persons could be damaging.