Barclays did not seek 'to distinguish toxic order flow from instances in which prices merely happened to move in favor of the customer,' said the NYFDS.
FXCM survived the strengthening of the Swiss franc, but will it survive the loan that bailed out the company?
After several probes revealed FX dealers are leaking customer information for profit, some top banks are reacting by introducing restrictive measures.
The Justice Department is investigating sales practices of foreign-exchange banks as part of a wider probe into FX market rigging.
About half of the nonfinancial companies listed on U.S. exchanges did not hedge their exposure to FX, commodity prices or interest rates last year.
Today it's Europe's problem -- Tomorrow, it's the world's.
