According to big banks like HSBC, Citi and UBS, the proposed plaintiffs’ class certification should not proceed. The parties in an FX benchmark rate fixing case targeting some of the world’s major banks have clashed over proposed class certification. As FinanceFeeds has reported, the plaintiffs seek to certify the following class: “All consumers and businesses

Spot FX trading generated €22.9 million of revenue in 2019, up 5.6% compared to €21.7 million in 2018. Euronext NV (EPA:ENX) has just posted its financial report for the final quarter and full year 2019, with spot FX trading registering growth in revenues. Spot FX trading generated €22.9 million of revenue in 2019, up 5.6% compared

This private antitrust case targets banks like JPMorgan, HSBC, Citi, Barclays and UBS that agreed “to eliminate competition in the purchase and sale of the EUR/USD currency pairs in the United States and elsewhere”. While the disagreements around depositions in a Forex benchmark rate fixing case targeting major banks continue, the plaintiffs in the case have

Net income for FY19 was slightly down from $1.99 billion registered a year earlier. Operator of global exchanges and clearing houses and provider of data and listings services Intercontinental Exchange Inc (NYSE:ICE) has earlier today posted its financial report for the final quarter and full year 2019. Net income attributable to ICE amounted to $448 million

The decline reflects lower net transaction fees compared with the fourth quarter of 2018. Cboe Global Markets, Inc. today reported its financial results for the fourth quarter of 2019, with global FX net revenues staging a drop from the year-ago period. Global FX net revenue of $12.9 million decreased $0.8 million or 6% from the final

Banks insists that instead of deposing high-level execs like Marc Moses and Axel Weber, the plaintiffs should take the testimony of Forex traders. Plans by the plaintiffs in a Forex benchmark rate fixing case to depose high-level executives of major banks have led to disagreement between the parties in the lawsuit. This is indicated by

The Department of Justice seeks to rebuff an attempt by Akshay Aiyer to secure judgment of acquittal or a new trial. The Department of Justice (DOJ) has opposed an attempt by Akshay Aiyer, a former JP Morgan Forex trader, to rebuff his conviction. As per documents filed by the Department on January 27, 2020, with

Mr Hayden is based at IG’s London offices and reports to Fouad Bajjali, CEO of IG Bank SA, who leads IG’s global institutional business. Electronic trading major IG Group today announces that it has hired Max Hayden in a new role as Global Head of Institutional Sales in order to bolster its institutional business as part

Judge Victor Marrero of the New York Southern District Court has found that the issues raised by TFS-ICAP do not warrant a dismissal. TFS-ICAP LLC and TFS-ICAP Ltd have failed to dismiss the CFTC complaint against them. Judge Victor Marrero of the New York Southern District Court has signed an order nixing the attempt by

Mr Vice will leave his current role at ICE at the end of the first quarter of 2020. Operator of global exchanges and clearing houses and provider of data and listings services Intercontinental Exchange Inc (NYSE:ICE) has announced the retirement of Vice Chairman Charles Vice. Charles Vice Mr Vice will retire following a 20-year career at