The multibank Forex price aggregation firm states August ADV surpassed it's prior June record by 28% and grew 274% year on year.
Read moreWhilst well renowned for maintaining keen jurisdiction over non-bank electronic trading firms, ASIC has issued a $35,000 penalty to Goldman Sachs for an erroneous trade execution, contrasting from the far more punitive penalties issued to banks by US authorities
Read moreThe VC funded Bitcoin developments continue as new Japanese Bitcoin exchange bitFlyer is born out of the demise of MtGox, and gains $1.6 million investment
Read moreDeeb Salem claims his bonus for 2010 should have been $13 million, and has engaged in an extensive lawsuit against Goldman Sachs with a total arbitration claim of $16 million.
Read moreKayhan Mirza joins Goldman Sachs as Head of Foreign Exchange Trading following fourteen years at J.P. Morgan Chase International financial giant Goldman Sachs has today announced the appointment of Kayhan Mirza to the position of Global Head of Foreign Exchange. Mr. Mirza joins Goldman Sachs in this senior executive capacity following a fourteen year tenure…
Read moreBarclays Margin FX exit is just the latest in a string including Deutsche Bank, Goldman Sachs... As the global retail forex market has grown and matured -- with retail forex volumes hitting an all-time high in mid 2013 -- the predictions of many industry observers included an increasing presence of leading 'traditional' financial institutions in…
Read moreBig banks can get it wrong too, low institutional volumes might be a reason The Wall Street Journal and Reuters are reporting in two separate articles that declining revenues for Goldman Sachs in the third quarter were in part due to FX trading decisions gone bad. According to an article in Reuters the investment banking…
Read moreForex is one of the few areas where big banks and Wall Street firms are hiring. Apparently growing forex volumes and great results posted in the forex trading sector in the first half of 2013 has not gone unnoticed by big banks. Reuters reports that Wall Street brokerage firms and global banks have been snapping up…
Read moreLobby group GFMA has been actively fighting a Europe-wide financial transaction tax. The Global FX Division of financial sector lobby group Global Financial Markets Association (or GFMA) has hired Andrew Harvey as Managing Director, Europe. This represents a very senior hire for GFMA -- Harvey joins from Morgan Stanley where he was COO of Derivatives Operations.…
Read moreDavid Frank joins LeapRate from AvaFX and Goldman Sachs. LeapRate is pleased to announce the hiring of David Frank as our new Forex News Editor. David will be responsible for all content creation at LeapRate, and for expanding our coverage of Forex industry related news and analysis. "We are fortunate to have someone of David's…
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