Posts Tagged ‘reuters’

FX Manipulation Causes Reuters to Change Rules

by Christopher Lemieuxon June 30, 2014 6:58 pm BST
It has been just over a year since global regulators, from the UK to Switzerland and the US, probe the barely regulated foreign exchange market over charges of manipulation and collusion. The presence of regulators is causing high profile financial institutions to change how they conduct their trading practices. Bloomberg News reported last June that traders at […]

Osborne Aiming to Increase Foreign Exchange Oversight

by Christopher Lemieuxon June 2, 2014 7:32 pm BST
The United Kingdom Chancellor of the Exchequer George Osborne is aiming to increase oversight in the highly unregulated foreign exchange market. Regulators have been actively engaged since Bloomberg News broke news that traders intentionally manipulated currency rates for personal and institutional gains via the one minute window, for major currencies, prior to WM/Reuters updating exchange rates. […]

Say it Ain’t So: BoE Encouraged Currency Manipulation

by Christopher Lemieuxon February 7, 2014 4:38 pm BST
Last summer, Bloomberg news broke information stating that traders from the world’s largest financial institutions were taking part in manipulation of the foreign-exchange markets. Currency traders were sharing client orders and information to other traders, in some cases independent traders, through instant message features on trading terminals, such as Bloomberg’s own trading terminal. Evidence indicates […]

UofM Consumer Sentiment Prelims Unexpectedly Drops; Non-Upper Class See Bleak Future

by Christopher Lemieuxon January 17, 2014 4:47 pm BST
According to the Reuters and University of Michigan’s consumer sentiment preliminary data shows that consumer sentiment dropped in January, unexpectedly, at 80.4. Analysts were looking for a print of 83.4, up from December’s preliminary reading of 84.5. The survey showed lowered expectations among lower- to middle-income families, with the middle-class being the core driver of […]