Several parties, including New York State and the US Federal authorities, alleged that BNY Mellon promised best execution on institutional FX transactions, but instead provided the worst interbank rate
Read moreBNY 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 moreDavid McCurdie said a fond farewell to colleagues at Saxo Capital Markets in London this morning after almost six years at the firm's Copenhagen and London offices
Read moreAs fines have been levied, now more probes and disciplinary actions for individual traders who were alleged to be part of FX manipulation scandals are getting under way, some of the latest include one trader from UBS Switzerland and well as BNY Mellon in London. Bloomberg is reporting that co-chief currency dealer Niall O’Riordan is…
Read moreIs the dollar's recent strength just the beginning of a multi-year run of U.S. outperformance? Read the perspective of Jeffrey Mortimer, CFA the Director of Investment Strategy at BNY Mellon Wealth Management.
Read moreBNY Mellon, the world's largest custody bank by assets, said it appointed Keon Ho Kang to head its newly created foreign exchange dealing room in Singapore. The bank has launched the FX dealing room in Singapore to facilitate trades in G10 currencies and the Korean Won. The American investment giant said the move reflects Singapore's growing…
Read moreBNY Mellon joins FXCM and Credit Suisse, becomes both an owner and client of FastMatch. BNY Mellon announced that it has taken an ownership stake in the new Forex ECN FastMatch, joining FXCM and Credit Suisse in the ownership group. FastMatch and Tradition et Cie's ParFX are vying to compete with the existing incumbents in…
Read moreLarge FX clients moving to ECN trading and FX-specialist firms for analysis.
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