Competition Commission And Bank of America Merrill Lynch International Ltd; BNP Paribas; JP Morgan Chase and Co; JP Morgan Chase Bank N.A; Australia and New Zealand Banking Group Ltd; Standard New York Securities Inc.; Investec Ltd; Standard Bank of South Africa Ltd; Nomura International PLC; Standard Charted Bank; Credit Suisse Group; Commerzbank AG; Macquaire Bank Ltd; HSBC Bank PLC; Citibank N.A; ABSA Bank Ltd; Barclays Capital Inc.; Barclays Bank PLC

Case number: CR212Feb17/AME051Jun20
Case parties: Applicant: Competition Commission
Respondent: Barclays Bank PLC (Eighteenth)
Respondent: Standard Bank of South Africa Ltd (Eighth)
Respondent: Credit Suisse Group (Eleventh)
Respondent: Citibank N.A (Fifteenth)
Respondent: Australia and New Zealand Banking Group Ltd (Fifth)
Respondent: Band of America Merrill Lynch International (First)
Respondent: HSBC Bank PLC (Fourteenth)
Respondent: JP Morgan Chase Bank N.A (Fourth)
Respondent: HSBC Bank USA, National Association Inc (Nineteenth)
Respondent: Nomura International PLC (Ninth)
Respondent: BNP Paribas (Second)
Respondent: Barclays Capital Inc (Seventeenth)
Respondent: Investec Ltd (Seventh)
Respondent: ABSA Bank Ltd (Sixteenth)
Respondent: Standard New York Securities Inc (Sixth)
Respondent: Standard Chartered Bank (Tenth)
Respondent: JP Morgan Chase and CO (Third)
Respondent: Macquarie Bank Ltd (Thirteenth)
Respondent: Commerzbank AG (Twelfth)
Respondent: Merrill Lynch Piecer Fenner And Smith Inc (Twentieth)
Respondent: Standard Americas Inc (Twenty-Eighth)
Respondent: Nedbank Ltd (Twenty-Fifth)
Respondent: Bank of America. N.A (Twenty-First)
Respondent: Nedbank Group Ltd (Twenty-Fourth)
Respondent: Investec Bank Ltd (Twenty-Second)
Respondent: Firstrand Bank Ltd (Twenty-Seventh)
Respondent: RMB Holdings Ltd (Twenty-Sixth)
Respondent: Credit Suisse Securities (USA) LLC (Twenty-Third)
Case type: Interlocutory Application
Procedural matter: Amendment Application
Case status: Reasons Issued
Outcome: Granted
Order date: 2023-03-30
Sector: Financial and insurance activities
Industry: Security and commodity contracts brokerage
Relevant market: Market for spot trades in relation to USD/ZAR pair trading
Competition Tribunal Members: Andreas Wessels, Mondo Blessing Mazwai, Yasmin Carrim