U.S. regulator CFTC fined the Royal Bank of Scotland (RBS) $85 million for its alleged role in manipulating the ISDAfix benchmark, which is tied to the $311 trillion interest rate swaps market. The civil penalty against the U.K. state lender is the fourth settlement the regulator has struck in its four-year-long investigation. All of the… Read More >>
TrueEX, JPMorgan & RBS Stretch FIX for Swaps
TrueEX, a swap execution facility (SEF), JPMorgan and the Royal Bank of Scotland (RBS) have launched the trueFIX automated execution and processing solution for U.S. dollar, Euro and U.K. Sterling swaps that will work with the FIX-based confirmation and affirmation protocol extensions from the FIX Trading Community. The FIX Trading Community is the governing body behind… Read More >>
