US derivatives head looks to right swaps trading, leverage ratio wrongs
The head of the CFTC intends to ease rules on swaps trading and bank capital rules.
The FCM tracker provides industry-wide view of customer funds in futures and swaps.
Fines follow Citi’s $25 million penalty for spoofing US treasury futures markets in January this year.
The CFTC found traders at RBS joked about manipulating the USD ISDAFIX benchmark.
Citi caught spoofing orders in US treasury and swaps markets after CME inquired about suspicious trades.
Clients were overcharged $7.8 million for clearing and exchange services, according to the CFTC.
CFTC’s Timothy Massad outlines the challenges the UK faces ahead of clearing equivalence negotiations after Brexit.