Home Economics New York Banking Regulator Probing Barclays, Deutsche Bank’s FX Algorithm

New York Banking Regulator Probing Barclays, Deutsche Bank’s FX Algorithm

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New York Banking Regulator Probing Barclays, Deutsche Bank’s FX Algorithm

(Reuters) – The New York banking regulator is investigating if Deutsche Bank and Barclays Plc used algorithms on their trading platforms to manipulate foreign exchange rates, a source with direct knowledge of the matter told Reuters. Benjamin Lawsky, the head of New York’s Department of Financial Services (DFS), has ordered a monitor to be installed at…

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