Banks
FX Cartel defence seeks mistrial after Gardiner’s testimony
Counsels claim “highly prejudicial” line of questioning from US has created “irreparable prejudice”
Gardiner: FX Cartel had ‘gentlemen’s agreement’
Matthew Gardiner, a co-operating witness for the government, says the group co-ordinated trades for profit
Calpers did not notice price discrepancies in FX Cartel case
“If I had, I would’ve said something earlier,” managing investment director tells court
Cartel trial kicks off with ‘billions of dollars’ claim
US prosecutors say the three former traders crossed the line and got an unfair advantage
Exegy promotes Anderson, hires Faulkner
The firm promotes Robert Anderson and adds John Faulkner to London sales team
Barclays gives Specs to FX participants
The client portal originally launched for equities in 2015 is now available for foreign exchange
Dealers sour on Mifid’s systematic internaliser label
SI decisions will take account of tougher pre-trade rules, client demand and Brexit
Marex Spectron re-enters FX with new platform
After a four-year hiatus, the broker rolls out offering geared at smaller players that large banks find relatively unattractive
Bogucki seeks trial delay until Johnson review
US opposes motion, arguing a delay could erode witnesses’ memories of alleged misconduct
DoJ seeks stay on benchmark case discovery
Antitrust division tells court the request is to protect the integrity of ongoing cases
Central banks adapt to faster markets, says BIS report
Fast pace of today’s markets means central banks must change approach to fulfil responsibilities
Last-look class certification fails against Deutsche Bank
US District judge Lorna Schofield denies two class certifications, saying market participants were aware of liquidity providers using last look
Central bankers continue to struggle with crypto
Uncertainty around the assets’ use and regulation calls for further research, debate finds
Bogucki lawyers subpoena HP’s trading data
Effort comes after the court denies another attempt to dismiss the superseding indictment against Bogucki
Cartel lawyers zoom in on government witness
They claim their clients are entitled to understand precisely what the government did to mitigate such risks for its witness
FX boosts UK derivatives values
Bank of England data for second quarter shows 33% rise in FX derivatives values at UK banks
Bogucki lawyers seek dismissal for third time
Defence attorneys ask court to look into instructions given to grand jury about the nature of Barclays and HP’s relationship
Fischer to head BNPP’s global markets for Asia-Pacific
Fischer had been the head of global markets for Europe, Middle East and Africa since 2015
Donadio takes CTO role at TradAir
Sebastien Donadio is the former head of software engineering at HC Technologies
Katz’s sentencing adjourned until January
Jason Katz is the first trader to admit to wrongdoing
Venue competition heats up as e-FX volumes plateau, says Greenwich
Following 74% growth in electronically executed FX in 2007-14, volumes flattened for four years
NYDFS fines Deutsche Bank $205m for FX
Fines relate to practices between 2007 and 2013, when Deutsche was the world’s largest dealer by market share
Phil Weisberg joins oneZero’s advisory board
The firm hopes to use his institutional market insight as it seeks new opportunities
Mark Johnson’s attorneys point to Isda agreement in appeal
“How are FX traders supposed [to] know what trading constitutes wire fraud when the government cannot even answer that question?” attorneys ask