Tag: Currency Markets

August 27, 2014 BY Mike Fox

FX cartel? British competition watchdog joins probes of Forex market

Reuters and the Wall Street Journal are reporting that the UK Competition and Markets Authority (CMA) has become the latest regulator to investigate the global foreign exchange market following allegations of rigging, the Wall Street Journal in particular reported on Tuesday, citing two people familiar with the matter. The antitrust watchdog recently shared information relating…

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July 31, 2014 BY Mike Fox

Tokyo Stock Exchange looks to extend trading hours

The Tokyo Stock Exchange is closer to lengthening its trading day after an advisory panel said it should consider a separate evening session. Japan is looking to juice up its capital markets, and this would no doubt provide extra profits for online brokerages. “I’m absolutely for extending trading times,” said Masakatsu Saito, who runs Internet…

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July 01, 2014 BY Mike Fox

Australia’s regulators publish conventions for currency market

Australia’s regulators published conventions for the currency market, underscoring a push to shore up standards in the $5.3 trillion-a-day industry. The Australian Foreign Exchange Committee and the Australian Financial Markets Association released the document today, thru their websites. It defines currency and options products and provides guidelines for dealing methods and pricing. The release follows…

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