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US: NY puts monitor in Deutsche to probe possible forex rigging

By  |  February 9, 2015

New York’s banking regulator has installed a monitor at Deutsche Bank to investigate possible manipulation of the foreign exchange market, Reuters reported Monday.

Treliant Risk Advisors, was chosen by New York’s Department of Financial Services to probe Deutsche Bank’s foreign exchange operation, with a focus on algorithms in the bank’s electronic trading platform.

“Deutsche Bank has received requests for information from regulatory authorities that are investigating trading in the foreign exchange market,” the bank said in a statement. “The bank is cooperating with those investigations.”

 

Full Content: Reuters

 

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