Swift’s RMB Tracker shows that the China’s currency entered the top four of world payment currencies by value in August 2015, overtaking the Japanese yen and reaching a record high share of 2.79% in global payments.
The use of RMB ...
The Commodity Futures Trading Commission
has fined Deutsche Bank $2.5 million for failing to properly report its swaps transactions.
CFTC says that the
charges, which were simultaneously brought and settled, relate to failures “from
in or about January 2013 until July 2015”.
CME Group and the China Foreign Exchange
Trading System (CFETS) have signed
an agreement on cooperation to “explore opportunities and promote each other's
market infrastructure and products”.
The two firms say the
signing of the agreement, “marks an important step ...
ParFX has added offshore
renminbi (CNH) as it expands the number of tradeable currencies offered on the
pair went live on 14 September 2015 following testing, and is a
result of global demand from ParFX’s founder banks ...
ACI – The Financial Markets Association
says that two Swiss banks, Bank
Julius Baer and Zürcher Kantonalbank, have expressed an interest in being first
adopters of the ACI e-Learning and Certification Portal (ELAC).
ELAC supports full
compliance to ACI’s ...
Beeks Financial Cloud
has bought Chicago-based futures specialist VDIware for an undisclosed
“Our aim is to become
a cross-asset-class financial markets hosting specialist for the foreign
exchange, futures, and equities markets,” says Beeks Financial Cloud CEO,
The tribunal hearing of Perry Stimpson, the
former G10 FX trader at Citi who is suing the bank for unfair dismissal, came
to an end on Thursday with Judge Alison Russell saying that she anticipates giving
her judgement on the ...
New strategies and a great charity day…
Adds Strategy Indices
Korea Exchange has introduced two Kosdaq
150 strategy Indices and 10 currency derivative strategy indices.
These indices are developed to provide
various investment tools in Kosdaq and currency derivative markets and ...
FXCM has completed its sale of FXCM Asia, an online provider of foreign exchange trading in Hong Kong, to Rakuten Securities for approximately $38 million.
Rakuten Securities, the brokerage arm of Japanese Internet and e-commerce group Rakuten, will continue to service ...
The Commodity Futures
Trading Commission (CFTC) has launched a new tool called “RED List” to help
investors identify unregistered foreign entities that may be engaged in illegal
The RED List, which
stands for Registration Deficient List, identifies unregistered foreign