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James Finch Joins UBS AG as Head of Liquidity Management for EMEA
- UBS AG has recruited longtime liquidity specialist, James Finch as its newest Head of Liquidity Management for Europe, the Middle East, and Africa (EMEA), part of the group’s Global Asset Management division.
Friday, 18/07/2014 | 14:39 GMT by
Jeff Patterson
UBS Appoints Philip Brides as Senior US Portfolio Manager for Currency Allocation
- UBS Global Asset Management, the banking conglomerate’s asset management division, has named Philip Brides as its newest Senior Portfolio Manager for asset allocation and currency operations in the US markets.
Thursday, 10/07/2014 | 16:53 GMT by
Jeff Patterson
Markit to Deploy a Centralised Confirmation Infrastructure for FX Options
- Markit’s Managing Director Keith Tippell has explained to Forex Magnates the rationale behind entering FX options, as the company has announced its electronic trade confirmation and exercise management service.
Thursday, 03/07/2014 | 11:00 GMT by
Victor Golovtchenko
Chief Currency Strategist, Mansoor Mohi-uddin Parts Ways with UBS
- Mansoor Mohi-uddin, the Chief Currency Strategist and current Managing Director at UBS AG has left the Swiss banking giant as part of an initiative to trim costs and help streamline overall operations.
Wednesday, 02/07/2014 | 20:06 GMT by
Jeff Patterson
FXSpotStream + LiquidityFx module from smartTrade Technologies = 4x|Box
- The latest synergy in Foreign Exchange comes from combining two products from two different providers, from the technology and liquidity providing space, to create FX in a box, or 4X|Box, as was revealed today.
Wednesday, 30/04/2014 | 11:29 GMT by
Steven Hatzakis
FXSpotStream Partners with BNP Paribas For Its Liquidity Provider Needs
- FXSpotStream LLC, a subsidiary of LiquidityMatch LLC, has announced that BNP Paribas will become the newest liquidity provider for its client base, adding to an already robust list of banks responsible for this service.
Wednesday, 16/04/2014 | 14:38 GMT by
Jeff Patterson
Director of Institutional FX at Deutsche Bank Is Suspended Over Manipulation Investigation
- London based Kai Lew has been at the position of Institutional FX Sales since 2006 and before that worked for Goldman Sachs with Fixed Income Derivatives. Hong Kong and New Zealand join the investigations.
Tuesday, 01/04/2014 | 11:54 GMT by
Avi Mizrahi
FCA Releases Business Plan for New-Year, Outlining LIBOR Oversight and New Responsibilities
- The UK’s Financial Conduct Authority (FCA) has announced its new methodology for examining traders’ behaviors in an effort to curb the risk of benchmark manipulation, part of its overall Business Plan in 2014.
Monday, 31/03/2014 | 09:38 GMT by
Jeff Patterson
NZ Regulatory Body Launches Forex Probe as Scope of Allegations Widens
- The widening scope of a global forex investigation has now extended to New Zealand, as the country’s Commerce Commission has announced the launch of a probe into the manipulation of currency rates.
Monday, 31/03/2014 | 06:46 GMT by
Jeff Patterson
ASIC Launches Investigation into Aussie Markets over Forex Manipulation
- The list of global regulators investigating the manipulation of fx rates in a $5.3 trillion-dollar-a-day industry has continued, with recent news of ASIC joining the probe in examining Australian markets.
Wednesday, 19/03/2014 | 11:09 GMT by
Jeff Patterson
Lloyds Bank Suspends Trader Amidst Libor Manipulation, Others Return to Work
- The fx and benchmark fixing scandal has taken another turn as of late, this time via an announcement out of Lloyds Banking Group that a trader has been suspended following allegations of Libor manipulation.
Thursday, 27/02/2014 | 00:20 GMT by
Jeff Patterson
SEC Fines Credit Suisse $196 Million for Unregistered Cross-Border Brokerage Services
- The SEC has announced formal charges against Credit Suisse for the violation of US Federal Securities laws through the illegal providing of cross-border brokerage and services to unregistered US clients.
Friday, 21/02/2014 | 18:50 GMT by
Jeff Patterson
Currency Probes, Specter of Electronic Trading Threaten to Displace Human FX Traders
- With much of the global fx industry and regulators focused on a series of currency probes that have vexed the financial landscape, few have pondered the long-term ramifications on the fx market itself.
Tuesday, 18/02/2014 | 17:00 GMT by
Jeff Patterson
Embattled RBS Drops Several Forex Fixings Services Amidst Investigation
- In the midst of a lingering probe into the manipulation of forex and benchmark rates, the beleaguered Royal Bank of Scotland (RBS) announced today the cessation of orders for a number of currency fixings.
Wednesday, 29/01/2014 | 01:15 GMT by
Jeff Patterson
UBS, RBS in Talks with EU Antitrust Officials Over Swiss Franc Libor Probe
- UBS and three other banks, including RBS are negotiating with EU Antitrust officials to settle a third probe into the manipulation of benchmark rates, this time related to the Swiss Franc Libor rate.
Thursday, 23/01/2014 | 02:23 GMT by
Jeff Patterson
UBS Opts For Outsourced Fixed-Income Trading Platforms In Cost-Cutting Move
- UBS has announced its intent to outsource its fixed-income trading platform to France in a bid to reduce outgoing expenditures and arbitrate the heightened financial regulation facing the forex industry.
Tuesday, 21/01/2014 | 13:26 GMT by
Jeff Patterson
Forex Scandal Deepens, Deutsche Bank Moves To Suspend Latin-Based Traders
- The world’s largest foreign exchange dealer Deutsche Bank AG, has suspended a number of currency traders following an ongoing investigation that recently unveiled fraudulent charges of rate rigging.
Wednesday, 15/01/2014 | 23:49 GMT by
Jeff Patterson
Compagnie Financiere Tradition Gets Lloyds Bank To Join Its Trad-X MTF as Founder
- The hybrid multilateral trading facility launched by the UK FCA-regulated subsidiary of Compagnie Financière Tradition, just got its latest founding member, as Interest Rate Swaps Derivatives builds in EUR, USD, and GBP
Wednesday, 15/01/2014 | 23:00 GMT by
Steven Hatzakis
As FX Investigations Continue, JP Morgan and Deutsche Bank Ban Multi-Dealer Chat Rooms
- JP Morgan and Deutsche Bank have become the latest banks to initiate bans on multi-dealer chat rooms. The news comes after UBS banned the practice last month as investigations to FX price manipulation continue.
Tuesday, 17/12/2013 | 14:38 GMT by
Ron Finberg
FX Dealers Hammering Doors Shut to Social-Chat Rooms, UBS Latest to Ban Staff Access
- Some of the largest Foreign Exchange Dealers have recently banned or severely limited certain company staff from social-chat rooms that have been used for years as part of inter-communications systems, that may all change.
Thursday, 28/11/2013 | 15:38 GMT by
Steven Hatzakis
Major Banks Face Another Class Action Lawsuit Alleging FX Rates Manipulation
- A South Korean semiconductor firm, Simmtech Co. Ltd., files the latest suit against several big banks, only a week after a US retirement fund filed the first class action lawsuit over FX rate manipulation.
Wednesday, 20/11/2013 | 11:00 GMT by
Avi Mizrahi
7 Banks Sued Over FX Rates Manipulation; HSBC Latest to Announce Cooperation with Authorities
- A retirement fund from Massachusetts alleges that the international FX manipulation investigation exposes a conspiracy that violates US antitrust laws, hurting the returns on trades and pension plans.
Tuesday, 05/11/2013 | 11:48 GMT by
Avi Mizrahi
FINMA FX Probe Taking a Bite Out of UBS, Shares Down 6%
- Shares of UBS are down 6% today after they announced its third quarter earnings results. Despite profit gains, trader reacted to UBS announcing that investigations by FINMA will effect their upcoming earnings.
Tuesday, 29/10/2013 | 12:40 GMT by
Ron Finberg
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