Search Results for: Citi FX
Former Citi FX trader set to challenge dismissal in London court
September 8th, 2015
A former Citigroup foreign exchange trader is to challenge his dismissal at a London court on Tuesday, potentially the first of many such cases in the wake of the currency market rigging scandal. Perry Stimpson, who was an FX ...
Citi keeps top spot in FX trading as European banks slump: poll
May 27th, 2015
European banks Deutsche Bank, Barclays and UBS have seen their market share in foreign exchange trading slump in the past year, as U.S. banks led by Citigroup (C.N) grabbed business, according to widely watched industry rankings. Citigroup kept its ...
Citigroup selling retail online FX trading platform to FXCM, Saxo Bank
May 25th, 2015
Citigroup said on Friday it is selling its margin foreign exchange business, including the CitiFX Pro and TradeStream platforms to U.S.-based FXCM and Danish investment bank SAXO Bank. “We believe this transaction is in the best interest of Citi’s ...
Citibank offers five times leverage in FX for bank depositors
August 5th, 2014
Citigroup Hong Kong offers five times leverage to bank depositors to trade in FX. Citibank Foreign Currency Leveraged Investment can help investors increase their investment power by up to 5 times, enabling them to capture any upside potential on foreign ...
New wave of FX manipulation lawsuits
November 16th, 2018
A group of large institutional investor plaintiffs filed a lawsuit on 07 November, in the US District Court in Manhattan, in a action linked to proce rigging in the FX markets. Amongst the several named plaintiffs are BlackRock Inc, ...
ImpacTech are gold sponsor at iFX EXPO 2018
April 26th, 2018
FinTech company will present their range of Business Intelligence solutions including Impact CRM, White Label brokerage solution, Marketing Tools and telecom solution. ImpacTech have announced that they are gold sponsors at this year’s iFX EXPO in Limassol at the ...
Citi’s Flow Data Raises Concerns Over Euro and Pound’s Uptrend
July 20th, 2017
The world’s largest foreign exchange dealer, Citi, have dug into their data and found that the Euro’s strong run higher could be about to be tested. Flow analysis from the bank shows hedge funds are starting to take profit ...
FXCM and its founding partners ordered to pay a $7 Million Penalty
February 7th, 2017
CFTC Orders Forex Capital Markets, LLC (FXCM), Its Parent Company, FXCM Holdings, LLC and FXCM’s Founding Partners, Dror Niv and William Ahdout, to Pay a $7 Million Penalty for FXCM’s Defrauding of Retail Forex Customers FXCM, Niv, and Ahdout ...
Morgan Stanley, Citigroup Charged With Misleading Investors About Forex Trading Program
January 25th, 2017
The Securities and Exchange Commission today announced that Morgan Stanley Smith Barney and Citigroup Global Markets have agreed to pay more than $2.96 million apiece to settle charges that they made false and misleading statements about a foreign exchange ...
Second Forex Dealer pleads guilty to conspiring to fix prices in the FX market
January 13th, 2017
A foreign currency exchange (FX) dealer became the second person to plead guilty to conspiring to fix prices in the FX market, the Justice Department announced today. According to the one-count information filed in the U.S. District Court for ...
