foreign exchange market


Swiss regulator fines banks for fixing forex trading

Five banks have been fined a total of 90 million Swiss francs ($90.5 million) for colluding to rig the multi-trillion dollar foreign exchange market, Switzerland’s competition authority said on ... Read More
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The top 3 trends in forex trading of 2018

We are almost halfway done with the third quarter of 2018, but there have already been a lot of local and global events that have impacted the foreign exchange ... Read More

What is the FX Global Code?

The FX Global Code (Global Code) is a set of global principles of good practice in the foreign exchange market, developed to provide a common set of guidelines to ... Read More

CLS shareholders elect nine new board directors

CLS Group (CLS), a leading provider of risk mitigation and operational services for the global foreign exchange (FX) market, today announced that nine new directors have been elected to ... Read More
Bank for International Settlements (BIS)

Bank of International Settlement published first phase of a global code of conduct for currency markets

The first phase of the Global Code of Conduct for the Foreign Exchange Market  and principles for adherence to the new standards were released today in New York by the Foreign Exchange Working ... Read More
Swiss franc shock

China allows direct trade of yuan with Swiss franc

Move part of Beijing’s strategy to promote RMB as a global reserve currency alongside the dollar China‘s national foreign exchange market will introduce direct trading of the Swiss franc, ... Read More
bank street

Central banks to create full global FX code by May 2017

A committee of major central banks aims to finish work on the first full global code of conduct to regulate the scandal-hit foreign exchange market by May of 2017, ... Read More
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BofA Investors Say Settlement Reached in Forex Class Action

Bank of America Corp. investors say they’ve settled a lawsuit accusing the company of rigging prices in the foreign-exchange market. The investors, several pension and hedge funds, didn’t reveal ... Read More
London Capital Group

London Capital Group Statement on Swiss Franc movement

Following yesterday’s announcement by the Swiss National Bank, which resulted in extreme movement in the value of the Swiss Franc, and a sudden reduced liquidity in the Swiss Franc ... Read More
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HSBC sets aside head of European forex trading

HSBC has sacked its European currency trading chief in the wake of a huge $618m (£394m) fine for manipulating the £3.3trn a day foreign exchange market. The bank is ... Read More
Broker Cyprus TopFX