Just in:
Universal Language for Healthcare: General Authority Embraces Global Coding System // Andertoons by Mark Anderson for Thu, 28 Mar 2024 // Ajman Celebrates Conclusion of Ramadan Activities with Grand Ceremony // Meta Earth Official Website Launch: The Pioneer Explorer in the Modular Public Blockchain Domain // Sunshine’s Debut Features Leave Tech World Scratching Its Head // US reiterates concern over Kejriwal arrest, Cong accounts // U.S. Compliance Takes Center Stage at OKX Following Industry Jitters // Experience Ultimate Shopping Freedom at 4.4 Shopee Spree: Don’t Worry, Shop Shopee! // Following the Money Trail: US and UK Investigate $20 Billion in USDT Transfers Tied to Sanctioned Russian Exchange // Sharpening the Focus: Sharjah Health Department Refines Evaluation Criteria for “Healthy Schools Programme” // AIA Hong Kong Wins More Than 20 Accolades at MPF Ratings MPF Awards, BENCHMARK MPF of The Year Awards and Bloomberg Businessweek Top Fund Awards // AI Boost for Galaxy Devices: Samsung Expands One UI 6.1 Update // TUMI Hosts Global Launch Event in Singapore to Unveil Women’s Asra Collection and Announce Global Ambassador, Mun Ka Young // Global Audience to Witness Thrill of Dubai World Cup // Ingdan Announces 2023 Annual Results // Lisboeta Macau’s world first LINE FRIENDS PRESENTS CASA DE AMIGO and BROWN & FRIENDS CAFE & BISTRO has officially opened // Infineon and HD Korea Shipbuilding & Offshore Engineering jointly develop ship electrification technology // Court Sides with Coinbase on Wallet Service, But Staking Program Remains in Limbo // Konica Minolta is named ASEAN 2023 Market Leader in Colour Light and Mid Digital Production Printers // No running of govt from jail, says Delhi Lt Governor //
HomeChannelsBusinessCiti says behaved appropriately in sterling 'flash crash'

Citi says behaved appropriately in sterling 'flash crash'

1481104263

ADVERTISEMENT

LONDON Citi (C.N) said on Wednesday that its trading operations functioned appropriately in a thin and illiquid market during October’s “flash crash” in sterling, responding to a Financial Times report saying a trader at the U.S. bank exacerbated the pound’s fall.

“Sterling fell sharply following a news event just after midnight UK time, when the GBP spot foreign exchange market was extremely illiquid,” Citi said.

“Citi managed the situation appropriately and our systems and controls functioned throughout the period.”

The Bank of England, and the Bank of International Settlements, whose markets committee is overseeing the investigation, had no immediate comment on the Financial Times report.

(Reporting by Patrick Graham, editing by Nigel Stephenson)

Reuters

ADVERTISEMENT

ADVERTISEMENT
Just in:
Sharjah Chamber Breaks Ground on Final Expansion with New HQ Pact // Emirati Aid Reaches Ukraine as Food Shortages Bite // Universal Language for Healthcare: General Authority Embraces Global Coding System // Renewables Surge Sets Record, But Global Equity Lags // No running of govt from jail, says Delhi Lt Governor // Hope for Respite as UAE Endorses UN Plea for Gaza Truce // AIA Hong Kong Wins More Than 20 Accolades at MPF Ratings MPF Awards, BENCHMARK MPF of The Year Awards and Bloomberg Businessweek Top Fund Awards // Konica Minolta is named ASEAN 2023 Market Leader in Colour Light and Mid Digital Production Printers // Ingdan Announces 2023 Annual Results // Superland Announced Annual Results for 2023, 2023 Net Profit Increased approximately 39.5% to approximately HK$22.2 million as Compared to the 2022 Adjusted One // Sharpening the Focus: Sharjah Health Department Refines Evaluation Criteria for “Healthy Schools Programme” // Global Audience to Witness Thrill of Dubai World Cup // Meta Earth Official Website Launch: The Pioneer Explorer in the Modular Public Blockchain Domain // Following the Money Trail: US and UK Investigate $20 Billion in USDT Transfers Tied to Sanctioned Russian Exchange // First-Ever Fortune Innovation Forum Draws Top Global Leaders to Hong Kong, Promoting Agendas On Collective Cross-Sector Advancement // AI Boost for Galaxy Devices: Samsung Expands One UI 6.1 Update // Samsung Partners National Heritage Board to Bring a Slice of Singapore’s Cultural Heritage to Samsung The Frame TV // Emirates Post Speeds Up Deliveries for GCC with Special Day // TUMI Hosts Global Launch Event in Singapore to Unveil Women’s Asra Collection and Announce Global Ambassador, Mun Ka Young // German Job Market Resilience Bodes Well for Economic Recovery //