The CFTC today issued an order requiring a unit of Morgan Stanley (NYSE:MS) to pay a $300,000 civil monetary penalty for failing to hold sufficient U.S. Dollars in segregated accounts in the United States to meet all of its U.S. Dollar obligations to cleared swaps customers. The Order also finds that the firm failed to implement…
Read moreGoal is to facilitate compliance with new margin regulations for non-cleared derivatives effective in 2016.
Read moreFirms are required to regularly report to FINRA their record of total "short" positions in all customer and proprietary firm accounts in all equity securities, a procedure which, according to FINRA, Morgan Stanley breached
Read moreAn animated debate on LeapRate TV about geotargeting, and how the FX industry can use new media to empower their online presence in 2015
Read moreThe multibank Forex price aggregation firm states August ADV surpassed it's prior June record by 28% and grew 274% year on year.
Read moreReported by FX Week, Thiago Melzer, managing director and head of foreign exchange options, Americas, at Morgan Stanley, has moved to London to become global head of FX options. Previously based in New York, Melzer had been at the US bank since April 2007, having joined from Santander, where he was a trader in Sao…
Read moreLast year, the CFTC approved rules to better protect customers of futures brokers In a stiff ruling and making an example of some sloppiness at the bank, the CFTC penalized Morgan Stanley Smith Barney LLC. The unit, a registered Futures Commission Merchant (FCM) of the bank was fined for violating CFTC rules governing secured funds…
Read moreForex is one of the few areas where big banks and Wall Street firms are hiring. Apparently growing forex volumes and great results posted in the forex trading sector in the first half of 2013 has not gone unnoticed by big banks. Reuters reports that Wall Street brokerage firms and global banks have been snapping up…
Read moreLobby group GFMA has been actively fighting a Europe-wide financial transaction tax. The Global FX Division of financial sector lobby group Global Financial Markets Association (or GFMA) has hired Andrew Harvey as Managing Director, Europe. This represents a very senior hire for GFMA -- Harvey joins from Morgan Stanley where he was COO of Derivatives Operations.…
Read moreWill retail clients one day also be trading carbon futures?
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