CME Group’s net income rises to $766m in Q1 2020

During the quarter, CME Group saw significantly increased levels of client hedging and risk transfer, across all products and time zones. International derivatives marketplace CME Group Inc (NASDAQ:CME) today released its financial results for the first quarter of 2020. The company reported revenue of $1.5 billion for the first three months of 2020, up from $1.2

Sberbank partners with Integral to expand eFX liquidity provision

Banks, brokers and asset managers will now be able to access Sberbank’s FX liquidity through the Integral OCXTM trading network. Sberbank Rossii PAO (MCX:SBER) today announces it has extended its eFX liquidity distribution through a partnership with Integral. Major banks, brokers and asset managers will now be able to access Sberbank’s FX liquidity through the

Swedish Bankers’ Association transfers STIBOR administration to Swedish Financial Benchmark Facility

SFBF will bee responsible for adapting STIBOR to the requirements set out in the EU Benchmarks Regulation. The Swedish Bankers’ Association has announced the transfer of the administration of the Swedish benchmark STIBOR to the Swedish Financial Benchmark Facility (SFBF). The Facility will be responsible for adapting STIBOR to the requirements set out in the

US Govt pushes for prison sentence for ex-JPMorgan FX trader

Akshay Aiyer has expressed no remorse or regret for his conduct and the effect it had on his customers and counterparties, the US Government argues in its sentencing submission. Shortly after Akshay Aiyer, former currency trader at JPMorgan convicted for his participation in an antitrust conspiracy to manipulate prices for emerging market currencies in the

Australian companies continue to write LIBOR-linked contracts, ASIC reports

While some respondents to ASIC’s “Dear CEO” letter demonstrated that significant planning was under way for LIBOR transition, in other cases this work has yet to commence. The Australian Securities and Investments Commission (ASIC) today published the feedback on responses to the ‘Dear CEO’ letter from selected major Australian financial institutions, detailing their preparation for the