HFT Tower Research Capital in $67 million settlement for spoofing futures
Tower Research Capital will pay the largest settlement to date for a spoofing scheme which resulted in $33 million in market losses.
Tag: CFTC
Inter-dealer brokers BGC and GFI in $25 million settlement for FX options fraud
BGC and GFI were accused of ‘flying’ and ‘printing’ fake FX options trades to deceive clients.
HSBC, Societe Generale, BNY Mellon and others fined $6 million for swaps violations
The US CFTC also fined NatWest Markets, PNC Bank and Northern Trust for reporting and risk management regulation failures.
Tullett Prebon to pay $13 million for swaps trading desk compliance 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 fined $25 million for multi-year spoofing scheme
Merrill Lynch Commodities admitted the illegal activity following an investigation by the US Department of Justice and the CFTC.
Eurex to introduce ESG futures in the US
US regulators approve the launch of Eurex ESG futures which will be available to trade early next month.
UK and US sign post-Brexit derivatives trading and clearing agreement
Regulators have agreed on measures to provide a “bridge over Brexit” for derivatives trading and clearing in the UK and US.
Derivatives
The Big Interview: Chris Childs, CEO of DTCC Deriv/SERV
DTCC Deriv/SERV chief executive, Chris Childs, tells The TRADE about the role DTCC’s TIW played at the time of the financial crisis, and the progress made so far in establishing a global reporting framework for OTC derivatives.
CFTC adds four UK-based MTFs to SEF exemption list
With addition of four UK-based MTFs, the CFTC’s list of EU-based venues exempt from SEF registration now totals 20.
Commerzbank to pay $12 million for swaps dealing violations
The US CFTC found that Commerzbank failed to supervise its swap dealing activities and made misleading compliance statements to the regulator.