The firm failed to specify certain material aspects with respect to payment for order flow arrangements for various quarters between 2008 and 2016. State Street Global Markets, LLC has agreed to pay a monetary sanction of $75,000 as a part of a settlement with the United States Financial Industry Regulatory Authority (FINRA). Staff in Market Regulation’s

In July 2019, the CFTC deemed the exchange dormant. The United States Commodity Futures Trading Commission (CFTC) today announces that it has issued an Order of Reinstatement to TeraExchange, LLC restoring its registration status as a Swap Execution Facility (SEF). The order, which gets into effect on August 31, 2020, was issued in accordance with Section

Net profit Group share amounted to CHF 48.7 million in the first six months of 2020, up 50% from a year earlier in constant currencies. Compagnie Financière Tradition today posted its financial report for the first half of 2020, revealing a set of solid metrics. Consolidated net profit was CHF 51.5 million compared with CHF

Options on the Micro E-mini S&P 500 and Micro E-mini Nasdaq-100 futures are 1/10th the size of their E-mini options counterparts. International derivatives marketplace CME Group Inc (NASDAQ:CME) has announced the launch of options on its Micro E-mini S&P 500 and Micro E-mini Nasdaq-100 futures contracts, which became available for trading today. Options on the Micro

Rohan Ramchandani and Richard Usher should not have kept any documents produced as part of the discovery in the criminal proceedings against them, according to the Department of Justice. The United States Department of Justice (DOJ) has responded to a request by former FX traders Richard Usher and Rohan Ramchandani to use discovery materials from the

HSBC Holdings refuses to provide information about its communications with the DOJ concerning the fine assessed in the 2018 deferred prosecution agreement. The parties in the FX benchmark rate fixing case targeting some of the world’s biggest banks, such as JPMorgan, Citi, Barclays, UBS and HSBC, have once again clashed over discovery. A letter, submitted

Deutsche Bank has a long track record in providing corporate finance and advisory solutions to Vietnamese corporates. Deutsche Bank today announced the appointment of Vietnamese banker, Huynh Buu Quang, as Acting Chief Country Officer (CCO) Vietnam. The appointment is subject to State Bank of Vietnam final approval. Quang has led significant transformation and growth strategies for

Richard Usher and Rohan Ramchandani ask the Court to allow that the materials produced by the DOJ in the criminal case be used in the OCC proceedings. Although Richard Usher, former Head of G10 Spot Trading at JPMorgan Chase Bank, and Rohan Ramchandani, former Head of European Spot Trading at Citibank, were acquitted in a criminal

Ms Silver has also been appointed to serve on the board of directors of ICE Clear Europe. Operator of global exchanges and clearing houses and provider of data and listings services Intercontinental Exchange Inc (NYSE:ICE) has announced that its Board of Directors has elected Caroline Silver as a new Director. Her appointment is effective August 13,

FX Swaps and Currency Swaps saw the largest relative falls, $291 billion (-20%) and $15 billion (-37%) respectively. The Bank of England (BoE) today posted the key results from an April 2020 survey of financial institutions that are active in the UK foreign exchange market. In April, 27 financial institutions active in the UK participated in