CFTC fines Russian banking giant VTB $5 million for fictitious FX trades LeapRate

September 20, 2016 BY LeapRate Staff

CFTC fines Russian banking giant VTB $5 million for fictitious FX trades

The U.S. Commodity Futures Trading Commission (CFTC) today issued an order filing and simultaneously settling charges against units of St. Petersburg, Russia based banking giant VTB - JSC VTB Bank (VTB) and VTB Capital PLC - for executing fictitious and noncompetitive block trades in Russian Ruble/U.S. Dollar (RUB/USD) futures contracts, which were cleared through the Chicago…

September 02, 2016 BY LeapRate Staff

VTB 24 Forex becomes fourth broker to receive a Bank of Russia forex license

Russian banking giant VTB Group has become the fourth company to receive a license from the Bank of Russia to operate a retail forex brokerage serving Russian traders. The Bank of Russia has announced that it has issued a professional securities market participant license to VTB subsidiary VTB 24 Forex, effective September 1. VTB is the…

February 26, 2016 BY Maria Nikolova

Russian bank VTB 24 considers establishment of Forex dealer subsidiary

Russian retail bank VTB 24 intends to set up a subsidiary to offer Forex trading services. The VTB 24 press service informed Russian agency Interfax that the supervisory council of the bank will discuss these plans at a meeting on February 26, 2016 (today). According to Interfax, the bank will review a proposal to establish a subsidiary…

Tag: VTB