BNY Mellon in $598 million talks with NY Attorney General and DOJ over FX transaction irregularities
BNY Mellon faces lawsuits relating to the method used to determine currency exchange rates for certain transactions, and is now in talks with the authorities, including New York Attorney General Eric Schneiderman, with regard to settlement
Read moreMAP S.Platis and PlugIT launch EMIR automation tool for pan-European FX regulation
The tool, jointly developed by MAP S Platis and PlugIT, is able to extract data and convert it automatically to an EMIR Report, ready to be submitted to a Trade Repository via MAP-ERS, the EMIR reporting solution provided by MAP S Platis
Read moreHSBC CEO Stuart Gulliver to appear before government committee today on tax allegations
HSBC CEO Stuart Gilliver will give evidence today alongside HSBC Chairman Douglas Flint with regard to allegations by Briitsh authorities that he has been party to tax avoidance by having a Swiss bank account routed via Panama to hide bonuses from colleagues in Hong Kong
Read moreIG Group grows its stockbroking platform with stocks & shares ISA
IG Group enhances its account type offering by introducing stocks and shares Individual Savings Account (ISA).
Read morePlus500 has record revenues in Q4 2014 at $66.5 million
Record revenues, increasing margins, strong start to 2015... Plus500 clicking on all cylinders.
Read moreLeapRate Interview: Guardmark pioneers FX foray into Mexico
Guardmark Capital Markets has established its headquarters in Mexico City, the third largest metropolis in the world. The company's VP, Jonny King spoke to LeapRate about the company's pioneering presence in Mexico, and the vast potential of Latin America for the FX industry
Read moreKPMG releases full Joint Special Administrators' Proposals relating to Alpari UK - dissolution looms
The proposal by KPMG states that the most likely exit route will be dissolution, and proposes that the possible formation of a creditors committee should be discussed at the clients and creditors meeting on March 12. Meanwhile, the vacation of premises and sale of equipment is being documented by KPMG
Read moreEBS shores up Commonwealth currencies as Royal Bank of Canada becomes liquidity provider
Commonwealth currencies are now amongst the most actively traded currency pairs on EBS Direct. Furthermore, the number of active Liquidity Consumers (LC) trading Commonwealth currencies has more than doubled year-on-year
Read moreBATS Global Markets appoints Chris Concannon as CEO
BATS Global Markets (BATS), a leading operator of U.S. and European markets, today announced that President Chris Concannon will be appointed to the additional role of chief executive officer, effective March 31, 2015. BATS Global Markets is fresh off the purchase of Forex ECN Hotspot from KCG Holdings in late January, the roll out and…
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