Euronext to terminate its Recognised Investment Exchange activities in the UK

Euronext has filed with the FCA a request to revoke its license for regulatory operations on the British market. Euronext announces today that it intends to cease its RIE (Recognized Investment Exchange) activities in the United Kingdom. This is expected…

Virtu boosts clients’ access to electronic block liquidity via Interlisted Conditional orders

Conditional interlocked cash is available to Virtu customers via POSIT Alert Canada. Virtu Financial Inc (NASDAQ: VIRT) announces today that it is expanding its customers' access to electronic block liquidity via interlisted conditional orders. Interlocked conditional cash is available to…

Ex-Deutsche Bank traders convicted of LIBOR rigging secure NYCDL support

The New York Defense Counsel Council supports Gavin Campbell Black and Matthew Connolly, calling for the quashing of their convictions. Shortly after Matthew Connolly and Gavin Campbell Black filed their memorial with the Second Circuit Court of Appeals, requesting the…

Euronext marks steep rise in spot FX trading revenues in Q1 2020

Spot FX trading generated 8 million euros in revenue in the first quarter of 2020, up 39.5% from the same quarter of the previous year. Euronext NV (EPA: ENX) today released its first quarter 2020 financial report, with high trading…

Volatile market conditions drive TP ICAP’s revenues higher in Q1 2020

Q1 2020 revenue was £ 547 million, up 17% from the previous year’s quarter. TP ICAP PLC (LON: TCAP) today published a commercial update for the first three months of 2020. Despite a very difficult macroeconomic context, the Group reacted…

Sentencing of ex-JPMorgan FX trader gets rescheduled

Akshay Aiyer's conviction is set for July 10, 2020. The conviction of Akshay Aiyer, a former currency trader at JPMorgan, convicted of his participation in an antitrust conspiracy to manipulate the prices of emerging market currencies in the Forex market,…

Cayley Investment Management and its principal settle CFTC charges for wash sales

Mehran Khorrami and CIM agree to pay a civil fine of $ 150,000. The Commodity Futures Trading Commission (CFTC) of the United States today issued an order to file and settle charges against Cayley Investment Management, LLC (CIM) and its…

Former Deutsche Bank traders seek reversal of LIBOR manipulation convictions

Matthew Connolly and Gavin Campbell Black insist that they have not committed any crime. Almost six months after former Deutsche Bank traders Matthew Connolly and Gavin Campbell Black made it clear that they would appeal their LIBOR convictions, they filed…

Pershing Securities Australia pleads guilty to breaching client money provisions

Pershing Securities Australia is the first company in Australia to face criminal charges for violating customer money provisions. Pershing Securities Australia Pty Ltd (PSAL) has pleaded guilty in local Downing Center court in Sydney for mismanagement of client money, the…