Day: 24 October 2019

US Regulators Join Global Financial Innovation Network

The Commodity Futures Trading Commission, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, and the Securities and Exchange Commission have announced they are joining the Global Financial Innovation Network (GFIN). The agencies say that US financial regulators have taken proactive steps in recent years to enhance regulatory clarity and understanding for all stakeholders and promote early identification of […]

Eurex Begins Clearing Cross Currency Swaps

Eurex Clearing has cleared its first cross currency swap transactions, with the trades being submitted by JP Morgan and Morgan Stanley. In a release issued today, Deutsche Börse Group says that cross currency swaps represent an “important component” of its overall FX strategy, which it is executing across Eurex, Eurex Clearing and 360T. Eurex Clearing’s […]

Kent Joins Flextrade

Profit & Loss understands that Tracey Kent has joined Flextrade in London as a sales director. She joins from FXSpotStream where she worked for just over a year as executive director, EMEA sales. Prior to FXSS, Kent worked for a short period of time at HC Tech as head of e-FX sales for Europe and […]

CFTC Sanctions Unregistered Retail FX Dealer

The Commodity Futures Trading Commission (CFTC) says it has issued an order filing and settling an enforcement action against Utah-based Treasury Vault for acting as an unregistered retail foreign exchange dealer. Starting in September 2017, CFTC says Treasury Vault began offering FX services through its website to US retail customers who were not eligible contract participants […]