Lloyds and BNP Paribas officials are jointly supporting and offering algorithms intended to help financial institutions and corporate clients execute foreign exchange (FX) transactions more efficiently while maintaining transparency and bolstering transaction cost analysis (TCA). The two firms are offering access to FX Execution Algorithms (EAs) via the FX Algorithmic Execution Service from Lloyds, which… Read More >>
RBC & TD Settle Charges of FX Noncompliance
The Ontario Securities Commission (OSC) has approved settlements with the Royal Bank of Canada (RBC) and the Toronto-Dominion Bank (TD) that arise from “compliance failures” in the banks’ foreign exchange (FX) trading businesses. “These failures allowed RBC and TD FX traders to share confidential customer information in chatrooms with FX traders at competitor firms,” the… Read More >>
