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;HSBC Bank USA, National Association Inc; Merrill Lynch Peirce Fenner and Smith Inc; Bank of America, N.A; Investec Bank Ltd; Credit Suisse Securities (USA) LLC; Nedbank Group Ltd; Nedbank Ltd; Firstrand Ltd; Firstrand Bank Ltd; Standard Americas Inc

Case number: CR212Feb17/JOI136Sep20
Case parties: Applicant: Competition Commission
Applicant: BNP Paribas (Second)
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: Bank of America Merrill Lynch International Ltd (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: Barclays Capital Inc (Seventeenth)
Respondent: Investec Limited (Seventh)
Respondent: ABSA Bank Ltd (Sixteenth)
Respondent: Standard New York Securities Inc. (Sixth)
Respondent: Standard Charted Bank (Tenth)
Respondent: JP Morgan Chase and CO (Third)
Respondent: Macquaire Bank Ltd (Thirteenth)
Respondent: Commerzbank AG (Twelfth)
Respondent: Merrill Lynch Pierce, Fenner and Smith Inc (Twentieth)
Respondent: Standard Americas Inc (Twenty-Eighth)
Respondent: Nedbank Limited (Twenty-Fifth)
Respondent: Bank of America N.A. (Twenty-First)
Respondent: Nedbank Group Limited (Twenty-Fourth)
Respondent: Investec Bank Limited (Twenty-Second)
Respondent: FirstRand Bank Limited (Twenty-Seventh)
Respondent: RMB Holdings Limited (Twenty-Sixth)
Respondent: Credit Suisse Securities (USA) LL (Twenty-Third)
Case type: Interlocutory Application
Procedural matter: Joinder Application
Case status: Reasons Issued
Outcome: Dismissed
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