Search Results for: foreign exchange
The Foreign Exchange Professionals Association welcomes the Global Code for FX Market
May 25th, 2017
The Foreign Exchange Professionals Association (FXPA), a Washington DC-based organization that represents the collective interests of the full array of professional foreign exchange industry participants, has issued today an announcement to welcome the release of the Global Code for ...
UK foreign exchange provider to acquire international payments and FX services firm
May 15th, 2017
The Moneycorp Group has signed an agreement to acquire US-based corporate international payments business, Commonwealth Foreign Exchange, Inc. The acquisition, subject to regulatory licensing approvals, will allow moneycorp to extend the geographical reach of its payments platform, further supporting ...
Foreign Exchange and OTC Derivatives Market Turnover in Italy
November 28th, 2016
In April 2016 the Bank of Italy conducted the customary triennial survey of the volume of foreign exchange and OTC derivatives market transactions carried out by the major resident banks. The survey was performed by 52 central banks and ...
China Foreign Exchange Trade System (CFETS) joins R3 distributed ledger consortium
November 3rd, 2016
Financial innovation firm R3 has announced the addition of China Foreign Exchange Trade System (CFETS), China’s official interbank market trading platform, to its consortium to design and apply distributed and shared ledger-inspired technologies to global financial markets. Headquartered in Shanghai, CFETS ...
Federal Reserve Board takes action to bar two former foreign exchange (FX) traders of HSBC from employment in banking industry
October 7th, 2016
The Federal Reserve Board on Thursday took action to bar two former foreign exchange (FX) traders of HSBC from employment in the banking industry. Mark Johnson and Stuart Scott, former senior HSBC managers, were recently indicted for criminal wire ...
Goldman Sachs Files Blockchain Patent for Foreign Exchange Trading
September 19th, 2016
Goldman Sachs has submitted a patent application focusing on how blockchain could cut out the middle man with transaction costs, claiming that the technology could change the current process. The patent, “Systems and Methods for Updating a Distributed Ledger-Based ...
Foreign exchange trade suspension in Nigeria; Investors dump shares of Nigerian banks
August 25th, 2016
Investors sold shares in Nigerian banks on Wednesday, a day after the central bank suspended nine lenders from foreign exchange transactions for failing to remit money owed to the government. The central bank suspended FCMB, First Bank, United Bank ...
The Dubai government has shut down a foreign exchange trading firm
July 25th, 2016
The Dubai government has shut down a foreign exchange trading firm in Dubai pending further investigations. Officials from the Department of Economic Development (DED) closed the offices of Exential Group in Dubai Media City last week and ordered it ...
FMA ordered foreign exchange educator to change its marketing materials
May 20th, 2016
The Financial Markets Authority (FMA) has ordered a foreign exchange educator to change its marketing materials on the basis that they were misleading or deceptive, and it had made unsubstantiated statements about its services. Cambrian Corporation Limited (Cambrian) offers ...
Bank of Israel: Israel’s Foreign exchange reserves increased in April
May 6th, 2016
Israel’s foreign exchange reserves at the end of April 2016 stood at $95,685 million, an increase of $904 million from their level at the end of the previous month. The increase was the result of: Foreign currency purchases by ...
