The launch of these indices marks an important step for the transition to SARON and away from LIBOR. SIX today announces the launch of SARON Compound indices for various time periods. The introduction of a 1-, 3- and 6-month compounded SARON delivers an important component to the market in the transition from LIBOR to SARON. SARON

CFH will be one of only a handful of institutional brokers to launch a regulated Singapore office with SG1 trading infrastructure. Tier 1 multi-asset liquidity provider CFH is expanding its global footprint with the launch of a MAS-regulated Singaporean office. Via this pioneering move, CFH becomes one of only a handful of institutional brokers to

Lorraine Trainer plans not to seek re-election as a Director of the company at its next Annual General Meeting. International interdealer broker TP ICAP Plc (LON:TCAP) today announces that Lorraine Trainer intends not to seek re-election as a Director of the company at its next Annual General Meeting to be held on May 13, 2020. She

In the period from October 1, 2014 through August 4, 2017, the firm failed to transmit at least 1,714,788 Reportable Order Events to the Order Audit Trail System. Citigroup Global Markets Inc has agreed to a fine of $160,000 as a part of a settlement with the United States Financial Industry Regulatory Authority (FINRA). In the

The criminal charges include two counts of failing to pay client money into segregated authorised bank accounts and two counts of failing to comply with requirements relating to a client money bank account. The Australian authorities have brought criminal charges against Societe Generale Securities Australia Pty Ltd (SGSAPL), a provider of financial services in equity derivative

In the aggregate of USD, EUR, GBP, CHF, JPY, the amounts outstanding of contracts referencing LIBOR are about 164 trillion yen of assets, 35 trillion yen of liabilities, and 6,300 trillion yen of notional amounts of derivatives. The Financial Services Agency of Japan (JFSA), together with the Bank of Japan, today published the findings of

Court grants Matthew Connolly and Gavin Black an extension to April 14, 2020 to file their opening briefs in the appeal case. About three months have passed since it became clear that former Deutsche Bank traders convicted of LIBOR manipulation – Matthew Connolly and Gavin Black, as well as the US Government are appealing from the judgment

Japanese financial institutions can directly access Eurex for swap clearing and combine their listed and OTC euro yield curve business in one single place. Eurex, a part of Deutsche Börse Group, is expanding the reach of its OTC clearing services to Japan. Japan’s Financial Services Agency (FSA) has granted Eurex Clearing a license as a “foreign

The Institutional Services business had good momentum with full year revenues of £75 million, up 23% on a reported basis compared to 2018. TP ICAP PLC (LON:TCAP) has earlier today posted its results for the year ended December 31, 2019. The Group says it improved its underlying and reported operating profitability, despite the mixed geopolitical environment,

HHJ Gledhill ordered Colin Bermingham to pay prosecution costs of £300,000, and ordered Carlo Palombo to pay prosecution costs of £725,000. Two former Barclays bankers convicted for manipulating the Euro Interbank Offered Rate (EURIBOR) have been ordered to pay over £1.2 million in confiscation orders and costs, the UK Serious Fraud Office (SFO) has announced.