Illustration 1 if fxx1x such that qquad fx 3fx3lambda f1x then lambda

The Foreign Exchange Working Group (FXWG), operating under the auspices of the Bank for International Settlements, has published a final version of its “FX Global Code” (the “Code”), a code of conduct for foreign exchange markets. (This version incorporates Part 1 of the Code that was published in May 2016.) The Code was developed to provide a common set of guidelines to promote the integrity and effective functioning of wholesale foreign exchange markets. The Code does not, however, impose legal or regulatory obligations on “Market Participants,” a term that encompasses most entities (including trading platforms) active in wholesale foreign exchange. The Code will be collectively owned and maintained by the Global Foreign Exchange Committee, a new global association of regional FX committees.The Code is organized around six leading principles:Ethics: Market Participants are expected to behave in an ethical and professional manner to promote the … [Read more...] about New FX Code of Conduct

The most publicized news last week involving financial services were the legal actions on April 21 by the US Department of Justice and Commodity Futures Trading Commission against a UK-based trader for alleged spoofing that the agencies claim contributed to the so-called “Flash Crash” in May 2010. But a day before that news broke, a think tank headed by Paul Volcker, the former chairman of the Federal Reserve, called for a major overhaul of the US financial regulatory system, including merging the CFTC and the Securities and Exchange Commission. As a result, the following matters are covered in this week’s Bridging the Week:Volcker Alliance Calls for CFTC and SEC Merger Among Other Financial Oversight Agencies’ Reform;London-Based Futures Trader Arrested, Sued by CFTC and Criminally Charged With Contributing to the May 2010 “Flash Crash” Through Spoofing;Deutsche Bank Fined US $2.5 Billion by Four Regulators for LIBOR and FX … [Read more...] about Bridging the Week: April 20 to 24 and 27, 2015 (CFTC-SEC Merger, Spoofing, LIBOR Manipulation, Bitcoin, Exchange Non-Member Cooperation)

Sections SEARCH Skip to content Skip to site index Politics Log In Subscribe Log In Today’s Paper Politics | House Approves Border Aid, Seeking to Curb Trump’s Crackdown Advertisement Supported by ByJulie Hirschfeld Davis and Emily Cochrane June 25, 2019 WASHINGTON — A divided House voted on Tuesday to send $4.5 billion in humanitarian aid to the border to address horrific conditions facing a crush of migrants, attaching significant rules on how the money could be spent in the first action by Democrats to rein in President Trump’s immigration crackdown. But the package — which passed by a vote of 230 to 195 nearly along party lines, only after Democratic leaders toughened restrictions on the money to win over liberal skeptics — faces a tough path to enactment. A similar measure with many fewer strings binding Mr. Trump has drawn bipartisan support in the Senate. And the House … [Read more...] about House Approves Border Aid, Seeking to Curb Trump’s Crackdown