The International Swaps and Derivatives Association (ISDA) has published its recommendation for the XML-based programming language it manages, the Financial products Markup Language (FpML), and version 5.8 adds coverage for more instruments and aims to ease some regulatory reporting burdens. ISDA and derivatives industry participants oversee FpML’s development, and the new version took roughly a… Read More >>
MoneyCorp to Use Fenics FX Derivatives Pricing
Fenics Software Ltd., a vendor of foreign exchange options software, reports that TTT MoneyCorp, a UK-based foreign currency exchange broker, has licensed its Professional FX derivatives pricing and risk management system. “We have been able to build an innovative platform supported by FENICS technology,” Henry McKeon, chief information officer (CIO) at MoneyCorp, says in a… Read More >>
DOJ Slams JPMorgan with Criminal Charges
JPMorgan is acknowledging through a regulatory filing with the SEC that it is preparing to face criminal charges via the U.S. Department of Justice (DOJ) for the bank’s alleged role in a widespread manipulation of foreign exchange (FX) markets that came to light last year. By ratcheting up the charges to the criminal level, the… Read More >>
FTF Premier Special Report: Alice Corp. v. CLS Bank
The Alice Corp. v. CLS Bank battle went all the way to the U.S. Supreme Court and had major ramifications for financial services firms that rely heavily on third-party software, services and infrastructure technologies. In this in-depth report, FTF News focuses on twists and turns of a legal action that caught the attention of heavy… Read More >>
