Trading
South African competition office seeks price-fixing damages
Competition commission finds 14 banks colluded on USD/ZAR prices and seeks 10% of their annual turnover in damages
Banks gain no relief from CFTC's variation margin delay
No-action letter will benefit only a dozen or so swaps brokerages and energy firms
Court fines FXCM over SNB undercapitalisation
CFTC filed a complaint after having to reach out to FXCM to learn of the $200 million shortfall
Deutsche Bank loses motion to dismiss last look claims
Last look-related legal action against other banks could accelerate
ADS granted investment banking licence in Hong Kong
Type 6 licence allows the firm to act as a financial adviser to corporates
Politics heightens FX risk for sterling and yen investors
Risk models show the yen to be the riskiest developed currency
Forget Trump, 2017 is not the year of the dollar – Swissquote
The bank's head of strategy is not buying the Trump story and he's bullish on the euro
FXCM hit by two class action complaints
At least 14 law firms start investigating FXCM; CFTC order provides backbone for lawsuits
FX swap margin treatment uncertain ahead of VM deadline
With one month to go, market participants are still unsure how to treat foreign exchange derivatives
Effex used last look tactics to cheat FXCM clients, NFA states
NFA names Effex Capital as FXCM's preferential market-maker, which used 'hold timer' and 'previous quote' practices
Law firm starts recruiting clients for case against FXCM
Securities law firm calls for shareholders and those with information to get in touch
FXCM’s US story ends: no-dealing desk claims false
FXCM, Niv and Ahdout banned from CFTC registration, and also by the NFA, effectively closing the broker in the US
Digital Vega launches execution and workflow solution
FX options specialist promises to bring significant efficiencies for execution desks through Intelligence Execution engine
Currency headwinds cost companies $11bn
North American firms report more losses than their European counterparts, but the amount is falling
City Index: political uncertainty will dominate in 2017
Central banks will need to remain attentive to the whims of political forces
Eurex tees up OTC forex clearing with CLS
Net settlement at CLS could slash liquidity risks for CCPs
Debelle wants to hear concerns about the GCC
Debelle and Puth encourage market participants to express any worries about the Global Code of Conduct before it is published
EBS speeds up Live Ultra data feed to 5ms
The 5ms feed arrives with participation criteria, while 20ms is available to all EBS Live Ultra clients
TP Icap expands analytics division with Burton-Taylor buy
Interdealer broker plans to increase depth of data and expand into new sectors
XTX sounds death knell for last look
The NBLP launches new analytical tool, which Jeremy Smart says will make last look obsolete
Border tax could support dollar, NAB says
A strategist at National Australia Bank says the controversial tax could lend support to the dollar if enacted
FX volumes generally up in October and Singapore shines
Semi-annual central bank surveys of FX markets show growth overall in four out of five centres
MS and Citi agree to pay $6m in FX fines to SEC
The two firms allegedly failed to make adequate disclosures, leading to significant losses for investors
Comment period prolonged for algo rule proposal
CFTC recognises "the number of questions within" its Regulation Automated Trading suggestion