Search Results for: cftc
GTX Hires Edward Brown to Run Swap Execution Facility
November 21st, 2016
GTX, the institutional foreign exchange trading arm of GAIN Capital Holdings Inc., today announces the appointment of Edward Brown as Chief Executive Officer (CEO) of GTX SEF, LLC, a Swap Execution Facility (SEF). Mr. Brown joins with over 25 years’ experience in the ...
Forex broker fined for more than $35 Million
November 17th, 2016
Federal Court Orders IB Capital FX, LLC, Michel Geurkink, and Emad Echadi to Pay More than $35 Million in Restitution and a Civil Penalty for Soliciting at Least $50 Million from Members of the Public to Trade Forex, without ...
Coffee, corn tempt hedge funds to extend bullish ags spree
November 15th, 2016
Hedge funds lifted their bullish positioning in ags to the highest in four months, fuelled by a record-high net long in coffee, and a sharp cut in bearish bets on corn – which could create potential for fresh selling. ...
CME Group CEO Announces Retirement
November 11th, 2016
CME Group CEO Phupinder Gill Announces Retirement; Board Expands Role of Terry Duffy to Chairman and CEO; Appoints Bryan Durkin as President CME Group announced that its Chief Executive Officer Phupinder Gill has informed the Company’s Board of Directors that ...
London ‘flash crash’ trader faces up to 30 years in US jail after admitting to spoofing
November 10th, 2016
Navinder Singh Sarao, who operated from parents’ UK home, also agreed to pay US government $12.8m. A trader who operated from his parents’ home in London faces up to 30 years in jail in the US, after pleading guilty ...
Bats Global Markets Completes Acquisition of Javelin SEF
November 2nd, 2016
Bats Global Markets, Inc. (Bats: BATS) today completed its acquisition of Javelin SEF, LLC (Javelin), a swap execution facility (SEF). The deal was announced on August 11, 2016 and received approval from the Commodity Futures Trading Commission (CFTC) on October 23, 2016. ...
CySec warns regarding individuals impersonating CySec representatives
October 20th, 2016
The Cyprus Securities and Exchange Commission ( CySEC) has issued an announcement to warn about: Following up on the relevant Cyprus Securities and Exchange Commission (‘CySEC’) announcements dated 27 November 2015 and 10 June 2016, CySEC would like to inform investors ...
Advantage Futures penalised for Risk Management and other failures
September 22nd, 2016
The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Advantage Futures LLC (Advantage), a Chicago-based Futures Commission Merchant (FCM), for failing to diligently supervise the handling of certain commodity interest accounts, for deficient ...
Oil Rally Fervor Cools as OPEC Output at Record Before Talks
September 5th, 2016
Investors cut bets on oil rally by most in two years: CFTC OPEC production reached 33.69 million barrels a day last month Investors are realizing that OPEC’s talk of a production freeze may not be much of a restraint, ...
My Global Leverage and its owner fined for Illegal and Off-Exchange Precious Metals Transactions
September 2nd, 2016
The U.S. Commodity Futures Trading Commission (CFTC) announced that Judge Andrew P. Gordon of the U.S. District Court for the District of Nevada entered an Order of default judgment (Order) against My Global Leverage, LLC (MGL), which did business in Las ...
