CFTC
The US CFTC Issues an Amendment to Its Complaint Against Banc De Binary
- The regulator has made the charges personal and included three corporate affiliates into the complaint it has filed in June 2013 - E.T. Binary Options Ltd., BO Systems Ltd. and BDB Services Ltd.
Wednesday, 07/05/2014 | 21:06 GMT by
Victor Golovtchenko
Analysis: Markit Converging Towards IPO Amidst Transparency Measures
- Markit, a leading global provider of financial services across OTC and derivatives has announced the F-1 filing with the Securities and Exchange Commission (SEC) for an initial public offering (IPO).
Wednesday, 07/05/2014 | 11:31 GMT by
Jeff Patterson
ASIC Mandate Necessitates DTCC Extension of Trade Reporting Service
- The Depository Trust & Clearing Corporation (DTCC) has launched an extended Global Trade Repository (GTR) service to market participants for OTC derivatives, with provisions for further asset-class expansion.
Tuesday, 29/04/2014 | 13:29 GMT by
Jeff Patterson
Binary Options Exchange Nadex Welcomes Group One Futures Trading as Market Maker
- One of the largest privately held options market makers in the U.S. has joined a regulated binary options exchange as binary options gets a boost for the Chicago-based North American Derivatives Exchange.
Monday, 21/04/2014 | 16:15 GMT by
Steven Hatzakis
CFTC Gives Green Light for Gain Capital's GTX SEF LLC application as a Swap Execution Facility
- The Commodities Futures Trading Commission has today posted that it temporarily approved the SEF application for GTX SEF LLC, after it had previously granted it time-limited no-action relief last October.
Thursday, 17/04/2014 | 20:12 GMT by
Steven Hatzakis
CFTC February Data For FCMs Shows Interactive Brokers and FXCM Weathered The Storm
- Except for three Futures Commission Merchants, the remaining 8 Forex Dealer Members holding Retail Forex Obligations for the month of February had decreases as volumes dipped globally in Foreign Exchange.
Thursday, 17/04/2014 | 09:41 GMT by
Steven Hatzakis
High Frequency Trading: Analysis of an Industry Game Changer
- Regulators around the globe are panicking in the aftermath that the high-frequency trading scandal raised after the release of Flash Boys, while CME and CBOT are being sued for allegedly not providing real-time market data.
Wednesday, 16/04/2014 | 14:11 GMT by
Victor Golovtchenko
Exclusive: ILQ Chief Executive Talks About What's Next After Exit From U.S. Forex Market
- Following the news that Institutional Liquidity LLC will discontinue its RFED license, Forex Magnates followed up with Jason Tanner, the firms CEO, to find out why the exit came, and what's next for ILQ's future.
Wednesday, 09/04/2014 | 17:07 GMT by
Steven Hatzakis
Capital Markets Services To Pay CFTC $275,000 For Allegedly Failing Minimum Financial Requirements
- The company's adjusted net capital dropped below capital requirement by as much as $13 million at one point. The CFTC settled with the company as it provided complete cooperation in regards to the matter.
Tuesday, 08/04/2014 | 00:29 GMT by
Victor Golovtchenko
Court Rules MF Global to Disburse Remaining $1.2 Billion To Its Former Customers
- An appeal to the November US District Court decision to the Federal court has been rejected. Customers of MF Global will receive their money in full two years after the company has filed for bankruptcy.
Thursday, 03/04/2014 | 18:36 GMT by
Victor Golovtchenko
Regulatory Changes Coming Amid Vulnerabilities in FX, Swaps Compliance
- Lingering questions into the regulation of swaps and fx transactions have revealed vulnerabilities in oversight, leading to speculation that a series of changes may be on the horizon from the CFTC.
Monday, 24/03/2014 | 08:34 GMT by
Jeff Patterson
FX Ponzi Scheme Gets Hammered with $2.2 million Penalty
- Canadian fraudster to pay heavy monetary fine for FX related ponzi scheme. US financial watchdog, the CFTC, issues a number of judgements against Patrick Cole for breaching the Commodity Exchange Act.
Friday, 21/03/2014 | 23:12 GMT by
Adil Siddiqui
CFTC Launches Charges against Steven Lyn Scott for FX Commodity Pool Scheme
- The CFTC has filed formal charges against Steven Lyn Scott for solicitation fraud, the misappropriation of client funds, and other violations in connection with a fraudulent forex commodity pool.
Thursday, 20/03/2014 | 15:37 GMT by
Jeff Patterson
CFTC Releases FCM January Metrics, FX Dealers See MoM Rise in Retail FX Obligations
- The Commodity Futures Trading Commission (CFTC) has released its monthly composite of key figures and data for Futures Commission Merchants (FCMs), this time for the month ending in January 2014.
Tuesday, 18/03/2014 | 07:23 GMT by
Jeff Patterson
Nadex Expands Expiries for GBP/USD and AUD/USD Two-Hour Binary Options Contracts
- IG group subsidiary North American Derivatives Exchange, operating under the Nadex brand, has added further time series to two major forex pairs, Forex Magnates speaks to it's CEO-designate Timothy McDermott for comments.
Monday, 03/03/2014 | 18:59 GMT by
Steven Hatzakis
CFTC Lobbies Orders for Trading Bans, Sanctions Via Forex Fraud Worth $2.9M
- The CFTC has obtained a series of orders effectively sanctioning the trifecta of Susan G. Davis, David E. Howard II, and Joseph Burgos for their role in the illegal solicitation of forex trading accounts.
Friday, 28/02/2014 | 18:58 GMT by
Jeff Patterson
CFTC Charges Melody Nganthuy Phan with Elaborate Forex Scheme Valued at $3.7 Million
- The CFTC has filed civil enforcement charges, among others, against Melody Nganthuy Phan and her congregation of three companies for a fraudulent foreign exchange scheme valued at over $3.7 million.
Thursday, 27/02/2014 | 23:00 GMT by
Jeff Patterson
CFTC Revokes Registrations of Forex CTA Veruus Wealth Management after Theft
- The Denver-based Forex CTA and CPO just lost its titles as the CFTC yanked back its registrations after civil theft was found to have been committed, involving a Forex Managed account with some $339,517 of investors funds.
Thursday, 20/02/2014 | 22:31 GMT by
Steven Hatzakis
The Truth Behind the Libor Scandal and the Altering of the Financial Landscape
- Recently, the news outlets have been focused on the word ‘Libor’, which up until lately was neither widely spoken of, though it now threatens to forever change the financial landscape of fx and rates.
Thursday, 20/02/2014 | 18:42 GMT by
Jeff Patterson
FCM December Metrics, Forex Dealers' Funds Dip Except for Interactive Brokers and FXDD
- December data shows Retail Forex Obligations in the U.S. had a combined decrease of 1.28% across ten dealers, with only two reporting increases MoM, and Institutional Liquidity and RJ Obrien having the largest % decreases.
Saturday, 15/02/2014 | 09:29 GMT by
Steven Hatzakis
Off-Exchange Moving On-Exchange as Centralized Trading and Reporting Kick-In
- The off-exchange derivatives space transitions to an on-exchange model as centralized reporting in Europe started with EMIR, and the U.S. prepares for SEF trading to be mandated as of next week, for certain asset classes.
Friday, 14/02/2014 | 09:10 GMT by
Steven Hatzakis
CME Group Lobbies CFTC for Dismissal of Charges Over Trading Leaks
- CME Group Inc., a leading FX, derivatives, and options marketplace requested the dismissal of multiple charges against the group by the CFTC officials over the leakage of Nymex client trading figures.
Tuesday, 04/02/2014 | 08:08 GMT by
Jeff Patterson
Unlawful Poaching Campaign Draws FCA Ban of Former BGC Senior Executive Anthony Verrier
- The FCA has banned Anthony Verrier, a former senior executive at fx brokerage BGC Partners Inc. from participating in financial services for his misconduct following an abrupt exit from Tullet Prebon.
Thursday, 30/01/2014 | 00:10 GMT by
Jeff Patterson
TeraExchange Links Up With Traiana CreditLink, Bolsters OTC FX, Derivatives Clearing
- TeraExchange, a multi-facetted exchange specializing in CDs, forex, and derivatives announced its partnership with Traiana CreditLink, the comprehensive, real-time platform for pre and post-trade clearing.
Tuesday, 28/01/2014 | 23:07 GMT by
Jeff Patterson
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