FIA has welcomed the CFTC’s rapid response to the coronavirus pandemic, which includes no-action relief from certain regulatory requirements.
Former commissioner at the US regulator, and DTCC's head of global public policy, leaves to join US options exchange group.
Three divisions of the CFTC have issued ‘no action’ relief for firms active in the swaps market transitioning from Libor to alterative benchmark.
Goldman Sachs was found to have failed to record phone lines of trading and sales desks due to hardware error.
The CFTC found that BGC failed to capture voice trade communications over five years.
Tower Research Capital will pay the largest settlement to date for a spoofing scheme which resulted in $33 million in market losses.
BGC and GFI were accused of ‘flying’ and ‘printing’ fake FX options trades to deceive clients.
The US CFTC also fined NatWest Markets, PNC Bank and Northern Trust for reporting and risk management regulation failures.
The CFTC said that Tullett Prebon’s voice brokers made false or misleading statements to clients related to certain trades, bids and offers in US dollar interest rate swaps.
Merrill Lynch Commodities admitted the illegal activity following an investigation by the US Department of Justice and the CFTC.