Cantrade Investors Reject Compensation Settlement


A group of investors suing Cantrade Private Bank Switzerland, a subsidiary of Union Bank of Switzerland, have rejected Cantrade's offer of a compensation settlement, officials say.

The civil suit against Cantrade is being brought by investors in TTS Int. SA who suffered losses as a result of the FX trading effected through Cantrade by TTS's appointed trader Robert Young and his Anagram companies, officials say. Asset management group T5 is claiming for the losses on behalf of the investors

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Regulation shifts focus to listed FX

Jens Quiram, global co-head of FIC derivatives and repo sales at Eurex, assesses the state of the regulatory landscape in the FX market and outlines how listed markets offer a viable alternative to increasingly costly over‑the-counter instruments

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