Barclays Bank PLC, Barclays Capital Inc., Barclays PLC, Barclays Execution Services Limited, Citibank N.A, JPMorgan Limited, JPMorgan Chase Bank, UBS AG, JPMorgan Europe Limited, JPMorgan Chase & Co, NatWest Markets PLC, The Royal Bank Of Scotland Group P

All persons (other than Excluded Persons) who during the period from December 18, 2007 to January 31, 2013 entered into one or more Relevant Foreign Exchange Transactions in the European Economic Area (other than as an Intermediary). “Relevant Foreign Exchange Transaction” means any foreign exchange Spot and/or Outright Forward transaction involving a Relevant Currency Pair and entered into with a Relevant Financial Institution or on an ECN. You will not be a class member if you traded contracts for differences (‘CFDs’) or spread betting products, for example through an online retail trading platform.

Any FX Spot or Outright Forward transaction which:

1. Involved at least one of the following currencies: Australian Dollar (AUD), British Pound (GBP), Canadian Dollar (CAD), Danish Krone (DKK), Euro (EUR), Japanese Yen (JPY), New Zealand Dollar (NZD), Norwegian Krone (NOK), Swedish Krona (SEK), Swiss Franc (CHF), and US Dollar (USD).
2. Traded in the European Economic Area with a relevant financial institution or on an ECN.

It is alleged that in the period from December 18, 2007 to January 31, 2013 some individual traders in charge of Forex spot trading on behalf of the relevant banks exchanged sensitive information and trading plans, and occasionally coordinated their trading strategies through various online professional chatrooms.

The claim is being brought in the UK’s Competition Appeal Tribunal specialist court based in London.

According the the Law firm’s press release, the claim is a collective action against (1) Barclays Bank PLC; (2) Barclays Capital Inc.; (3) Barclays Execution Services Limited; (4) Barclays PLC; (5) Citibank N.A.; (6) Citigroup Inc.; (7) JPMorgan Chase & Co.; (8) JPMorgan Chase Bank, National Association; (9) J.P. Morgan Europe Limited; (10) J.P. Morgan Limited; (11) NatWest Markets Plc; (12) The Royal Bank Of Scotland Group plc; and (13) UBS AG.

In May of 2019, the European Commission found that in the period from December 18, 2007 to January 31, 2013 some individual traders in charge of Forex spot trading on behalf of the relevant banks exchanged sensitive information and trading plans, and occasionally coordinated their trading strategies through various online professional chatroom’s.

The commercially sensitive information exchanged by the banks related to: (1) outstanding customers’ orders; (2) bid-ask spreads; (3) open risk positions; (4) details of current or planned trading activities.