Law firm Scott+Scott has stated that the settlement is likely to echo the $99.5 million paid by JPMorgan Chase & Co in 2013, and the $135 million paid by UBS last year
Read moreA computerized central system for FX benchmarks which is being developed by EBS may remove the human aspect, reducing the likelihood of benchmark manipulation
Read moreAnother brain drain similar to that of the 1970s could occur, potentially damaging London's highly established institutional trading sector, should the Labour Party win the UK General Election. Michael Spencer, CEO of ICAP is one example, as he would consider moving the company to North America
Read moreAlongside record revenues was a vast 72% increase in new clients at Plus500, all while customer acquisition cost has gone down.
Read moreThe total value of the stock sold by Mr. Rotsztain amounts to $551,220, however, in exercising stock options, he had to pay $110,625, resulting in a net gain of $440,595 from these three transactions which took place on April 13
Read moreKPMG has announced a client money distribution of 51c in the dollar for Alpari UK clients, as well as having confirmed the value of CHF trades which were open on January 15 when Alpari became insolvent. The total amount of client funds recovered to date amounts to $98,653,088
Read moreBATS Global Markets has eported that the migration of its options market to the NY5 data center in Secaucus, New Jersey went as expected and the BATS Options system handled more than 2 billion messages during the past two days with message rates exceeding 4 million messages per second at the close
Read moreMario Draghi's speech was today interrupted by a female protester who shouted and wore a t-shirt defaming the European Central Bank
Read moreKCGTrading on OTC markets at KCG in March amounted to a daily average of 35,000, which appears to be on a par with February's 36,000 average per day, however Hotspot FX volumes increased significantly during the month in which KCG sold its FX ECN to BATS Global Markets
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