Search Results for: commodity
Federal court in Florida issued a Consent Order against Inter-Global Currency & Precious Metals and its owner
April 28th, 2015
The U.S. Commodity Futures Trading Commission (CFTC) today announced that a federal court in Ft. Lauderdale, Florida issued a Consent Order against Defendants Inter-Global Currency & Precious Metals, LLC (IGCPM) of Pompano Beach, Florida, and its owner, manager, and controlling person Stavros ...
ASX signs MOU with China Futures Association
April 27th, 2015
ASX has today signed a Memorandum of Understanding (MOU) with the China Futures Association (CFA) at a CFA conference in Hangzhou, China. The China Futures Association is a China-wide industry self-regulatory organisation focused on the development of the futures ...
Dollar on defensive after more weak U.S. economic data
April 27th, 2015
The dollar started the week on the defensive on Monday after more disappointing U.S. economic data reinforced expectations the U.S. Federal Reserve will not hike interest rates any time soon, while concerns about Greece‘s debt talks pressured the euro. ...
Deutsche Bank agrees to pay fines
April 23rd, 2015
Deutsche Bank has issued a press release to inform that: Deutsche Bank has reached a joint settlement with US and UK regulators over all of their remaining investigations into past submissions for interbank offered rates (IBOR) benchmarks. Read also: Deutsche Bank ...
CFTC Staff Issue No Action Letters Providing Relief in Connection with Erroneous Swap Trades and Swap Trade Confirmations
April 23rd, 2015
The U.S. Commodity Futures Trading Commission’s (Commission) Division of Market Oversight (DMO) and the Division of Clearing and Risk (together, the Divisions) issued a no-action letter providing time-limited relief to swap execution facilities (SEFs) and designated contract markets (DCMs) ...
UK trader charged for manipulation contributing to 2010 flash crash
April 22nd, 2015
A high-frequency futures trader has been charged with illegally manipulating the stock market, contributing to the May 2010 “flash crash,” according to documents unsealed Tuesday. The Justice Department charged the United Kingdom’s Navinder Singh Sarao with wire fraud, 10 ...
Trader Charged With Spoofing Market Loses Dismissal Bid
April 20th, 2015
The first high-speed trader charged with a method of market manipulation known as spoofing lost a bid to dismiss the case based on an argument the new law is too vague to be enforced. Michael Coscia was indicted last ...
Big U.S. investors push SEC for oil industry to detail risks of climate change
April 17th, 2015
Calpers, the largest American public pension fund, and nearly 60 other institutional investors will ask the U.S. Securities and Exchange Commission on Friday to require oil and natural gas companies to publish detailed analysis of the risks posed by climate change to ...
CFTC and Australian Prudential Regulation Authority Sign Memorandum of Understanding
April 15th, 2015
The U.S. Commodity Futures Trading Commission (CFTC) announced today that CFTC Chairman Tim Massad and Australian Prudential Regulation Authority (APRA) Chairman Wayne Byres have signed a Memorandum of Understanding (MOU) regarding cooperation and the exchange of information in the ...
OPEC Going Broke, Dumping Dollars. Is That Good Or Bad?
April 15th, 2015
When oil prices fell out of bed last winter there was much hand-wringing over the fate of the former beneficiaries of high-priced crude. Trillions of dollars of junk bonds issued by frackers, for instance, might default, oil field services ...
