Posts Tagged ‘exchange’

WTI At Its Biggest Weekly Decline Amid Weaker Fuel Demand In US

by Forex Rooton August 1, 2014 2:05 pm BST
WTI trades near 4-month low as fuel supplies expand since January. WTI Delivery for September declined as much as $1.08 to $97.09 a barrel in electronic trading on the New York Mercantile Exchange, the lowest since Feb. 5, trading for $97.64 at 1:38 p.m. London time. The volume of all futures traded was about 39 […]

SFO Investigates Price Rigging in Forex Market

by Forex Rooton July 22, 2014 12:07 pm BST
The Serious Fraud Office (SFO) has launched a criminal investigation into allegations of price rigging in the £3tn-a-day foreign exchange market. The probe will look into allegations of “fraudulent conduct”, the director of the SFO said in a statement. Around 15 international agencies are investigating allegations of collusion and price manipulation. It is alleged that […]

WTI Crude at 4-Day High; Brent Firm

by Forex Rooton July 17, 2014 9:45 am BST
WTI Crude Oil at four-day high after The stockpiles (U.S. crude) slipped as refiners in the world’s biggest oil consumer boosted processing to the highest level since 2005. WTI for August delivery rose as much as $1.00 to $102.20 a barrel in electronic trading on the New York Mercantile Exchange and was at $102.03 at […]

FSB Weighs Wider Window for Foreign-Exchange Benchmarks

by Forex Rooton July 15, 2014 3:18 pm BST
Global regulators published details of their plans to overhaul foreign-exchange benchmarks in response to allegations traders colluded to manipulate rates in the $5.3 trillion-a-day currency market. The Financial Stability Board proposed changes to the way the WM/Reuters rates are calculated, including extending the length of the one-minute windows on which the benchmark is based, and […]