Credit Suisse hit with $77 million in fines for FCPA violations LeapRate

July 05, 2018 BY LeapRate Staff

Credit Suisse hit with $77 million in fines for FCPA violations

The U.S. Securities and Exchange Commission today announced that Credit Suisse Group AG will pay approximately $30 million to resolve SEC charges that it obtained investment banking business in the Asia-Pacific region by corruptly influencing foreign officials in violation of Foreign Corrupt Practices Act (FCPA). Credit Suisse also agreed to pay a $47 million criminal…

December 10, 2017 BY LeapRate Staff

Former CFTC Commissioner Bart Chilton backing crude token ICO OilCoin

In one of the most stark examples of "establishment" people jumping on the cryptocurrency bandwagon, former CFTC Commissioner Bart Chilton - one of the most recognizable faces and symbols of financial regulation - revealed this weekend that he is deeply involved in the ICO of a new token called OilCoin. OilCoin plans to launch its ICO…

September 25, 2017 BY LeapRate Staff

FastMatch launches FX Tape real‐time post‐trade information

Forex ECN FastMatch has announced the launch of a new feature called FX Tape. According to FastMatch, FX Tape will improve post‐trade transparency in FX markets and allow market participants to monetize their trading data. FX Tape will also serve as a central reference point for Spot FX transacted prices, helping market participants evaluate best execution…

August 14, 2017 BY LeapRate Staff

FXCM closes sale of FastMatch to Euronext, debt to Leucadia down to $66.8 million

Retail forex broker FXCM, a unit of Global Brokerage Inc (NASDAQ:GLBR), has announced that it has closed as expected the sale of its institutional FX ECN unit FastMatch to Euronext NV (EPA:ENX). The original agreement was reported at the end of May, when Euronext agreed to buy FastMatch for $153 million. FastMatch was jointly owned by FXCM, and…

April 02, 2017 BY LeapRate Staff

FastMatch reports record forex volumes in March at $19.2 billion ADV

Forex ECN FastMatch is reporting that volumes in its system increased during March by 16% MoM, to average $19.2 billion ADV for the month. That makes March 2017 FastMatch's best ever month for trading volumes, handily topping the company's previous best of $17.1 billion ADV set in November 2016. FastMatch's good results come at…

March 15, 2017 BY LeapRate Staff

Credit Suisse fined $170,000 in Australia for order filtering issues

Australia financial regulator ASIC has announced that Credit Suisse Equities (Australia) Limited, an Australian unit of global banking firm Credit Suisse Group AG (ADR) (NYSE:CS) has paid a penalty of AUD $170,000 to comply with an infringement notice from ASIC's Markets Disciplinary Panel (MDP). The MDP had reasonable grounds to believe that Credit Suisse had contravened…

February 01, 2017 BY LeapRate Staff

FastMatch January Forex volumes up 23% MoM to $17.0 billion ADV

Forex ECN FastMatch is reporting that volumes in its system increased by 23% MoM from December, to average $17.0 billion ADV for the month of January. January clearly started off on the right foot for FastMatch and other leading institutional FX platforms, as volatility in key currency pairs remained high throughout most of the month.…

October 05, 2016 BY LeapRate Staff

Credit Suisse hit with $90 million SEC fine for misrepresenting new client assets

The U.S. Securities and Exchange Commission today announced that Credit Suisse Group AG (ADR) (NYSE:CS) has agreed to pay a $90 million penalty and admit wrongdoing to settle charges that it misrepresented how it determined a key performance metric of its wealth management business. Former Credit Suisse executive Rolf Bogli, who served as chief operating…

September 28, 2016 BY LeapRate Staff

FastMatch chooses TradAir FX platform to target professional 'clicker' traders

eFX trading technology solutions provider TradAir has announced that its partnership with Forex ECN FastMatch is now live. TradAir will be providing FastMatch with: Complete end-to-end FX trading platform, leveraging the latest in high-performance cloud, web, BigData, and HTML5 technology Comprehensive admin suite, supporting user and organization on-boarding, with granular permissioning of trading functionality, workflows and display components Professional…

September 01, 2016 BY LeapRate Staff

FastMatch FX volumes drop 20% in August to $10.3 billion ADV

Beginning what we believe will be a series of fairly slow August trading volume reports by both retail and institutional Forex platforms, Forex ECN FastMatch is reporting that volumes in its system fell 20% MoM from July, to average $10.3 billion ADV for the month - August being its slowest month so far in 2016. We'd remind LeapRate…

Tag: Credit Suisse Group AG (ADR) (NYSE:CS)