Cantrade Investors Contemplate $15 Million Compensation Offer


Cantrade Private Bank Switzerland, a subsidiary of Union Bank of Switzerland, has hired KPMG, a London-based accountancy firm, to negotiate compensation settlements on its behalf for a group of investors who are suing the bank, says Johann Baerlocher, managing director in Jersey, the Channel Islands. The group of investors previously rejected Cantrade's offer of a compensation settlement (FXW, January 20).

Baerlocher says Cantrade's offer (estimated at around $15 million) is to repay all trading

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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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