NatWest Markets settles swaps reporting charges with CFTC
NatWest Markets will pay $750,000 to settle charges after the CFTC found it had misreported hundreds of thousands of swaps transactions.
NatWest Markets will pay $750,000 to settle charges after the CFTC found it had misreported hundreds of thousands of swaps transactions.
Christopher Giancarlo, head of the CFTC, has long-been a critic of swaps trading rules in the US.
BNP Paribas was found to have made false reports and attempted to rig the USD ISDAFIX over a five-year period.
The CFTC found that R.J O’Brien failed to detect and prohibit a post-trade allocation scheme run by one its clients.
Christopher Giancarlo makes the case against the unethical nature of derivatives products after scathing statement from Pope Francis in May.
Traders at JP Morgan allegedly traded at the 11.00am fixing time to manipulate the USD ISDAFIX interest rate swaps benchmark.
Greenwich Associates lays out potential benefits to ease of restrictions on swaps trading and SEFs in the US.
Société Générale was found to have manipulated and made false reports in connection with Libor and Euribor over a six year period.
US market participants will be able to trade directly with ASX without having to trade through an intermediary.