Von der Recke was previously Chief FX Dealer at Commerzbank, currency manager for the State Pension fund of New South Wales, and an IB for UBS Switzerland and DRKW Germany.
Read morePierre Vermaak supersedes Thomas Klocker as Head of Algorithmic Trading for fixed income, currencies and commodities.
Read moreFX volume being directed to electronic trading platforms within respective investment banks
Read moreIndependent financial industry research consultancy Autonomous Research points to potentially astronomical fines leveled at banks for FX rate rigging
Read moreEuropean financial regulators may consider the global FX giant fully immune from any penalties whatsoever as a result of assistance with inquries into the FX rigging probe The days when traditional banking practices in which customers paid for the service that they received on a per-transaction basis are a distant memory to most European corporate…
Read moreLab49 is pleased to announce its involvement as a partner in the development of the UBS Neo platform A press release issued by UBS on Monday revealed they are working with Lab49 on their next generation single bank platform. We mentioned in a posting earlier today how British financial services companies are committed to investment…
Read moreIncremental increase in electronic execution of FX trades among institutions increased Deutsche Bank, UBS, Citi and Barclays US market 2013 share by 42% compared with 2012 as American institutional FX goes from strength to strength Institutional FX firms wishing to continue to build on their existing market presence in North America, the region synonymous with…
Read moreUBS joins JP Morgan and Morgan Stanley on the sidelines, citing ‘time and effort involved is disproportionate’ Another major bank has joined the ranks of JP Morgan and Morgan Stanley to sit out from the annual survey by the Euromoney Magazine’s annual poll for best FX dealing bank. The Wall Street Journal reports that the…
Read moreIn the meantime UBS is seeking lenience in FX manipulation investigation (again) Recent weeks will most certainly remain in history for most professional FX traders, as the number of suspended/fired traders has been ever growing and the FX manipulation investigation is on the minds of worldwide regulators. There is one more angle that hasn't been touched…
Read moreResearch by Fideres has encompassed price action around the London fix in 6 major dollar crosses The Financial Times reports that the first class action lawsuit against several banks for manipulating forex rates has been filed in the US. Amongst the banks mentioned in the suit are Barclays and UBS and the evidence supplied includes…
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