Day: 31 October 2013

And Another Thing…

I think everyone is fully aware of my views on the furore surrounding the 4PM Fix, if you aren’t please read this column on August 29 and October 14, so I thought I would look at a couple of different aspects of this issue; hubris, the effectiveness of surveillance in the e-era and one report […]

SGX Sets Date for Asian FX Futures Foray

Singapore Exchange (SGX) is launching its first suite of foreign exchange futures on November 11, prompted by the potential regulatory shift for OTC instruments to be moved onto an exchange-traded environment. Overrunning from its original intention to launch in Q3, the contracts will cover six deliverable and non-deliverable Asian currency-pairs: AUD/USD, AUD/JPY, USD/SGD, INR/USD, KRW/USD […]

UBS, Barclays and Deutsche Bank Cooperating with FX Probe

UBS, Barclays and Deutsche Bank have confirmed they are being investigated by several authorities in relation to recent allegations of FX manipulation in the market. UBS adds that is has also taken disciplinary action against certain undisclosed employees following its own internal review of its FX business, but declines to give further details as the […]

CFTC Hits Rabobank over Libor

Rabobank has become the latest financial markets player to be hit with fines over the London Interbank Offered Rate (Libor) scandal, the Dutch giant faces penalties of more than $1 billion from authorities in the US, UK and Holland. The Commodity Futures Trading Commission has brought and settled charges of false reporting and attempted manipulation […]