Search Results for: regulators
CFTC Issues Order of Exemption from Registration as a Derivatives Clearing Organization to ASX Clear (Futures) Pty Limited
August 19th, 2015
First Order of its Kind Issued by the Commission The U.S. Commodity Futures Trading Commission (Commission) issued an order of exemption from registration as a derivatives clearing organization (DCO) to ASX Clear (Futures) Pty Limited (ASX). The order is ...
British banks facing billions in fines over forex-rigging scandal
August 18th, 2015
British banks could face billions of pounds of civil claims over the rigging of the ‘wild west’ foreign exchange markets following a landmark court case in New York. Barclays, HSBC and Royal Bank of Scotland were among nine banks ...
Citigroup Affiliates to Pay $180 Million to Settle Hedge Fund Fraud Charges
August 18th, 2015
The Securities and Exchange Commission announced that two Citigroup affiliates have agreed to pay nearly $180 million to settle charges that they defrauded investors in two hedge funds by claiming they were safe, low-risk, and suitable for traditional bond ...
ICE Trade Vault approved by ACER as Registered Reporting Mechanism
August 17th, 2015
Intercontinental Exchange (NYSE:ICE), the leading global network of exchanges and clearing houses, announced that the Agency for the Cooperation of Energy Regulators (ACER) has approved ICE Trade Vault Europe Limited (ICE Trade Vault Europe) as a Registered Reporting Mechanism ...
British Trader Charged in ‘Flash Crash’ Released After Bail Reduction
August 17th, 2015
Navinder Singh Sarao, the British futures trader charged by United States authorities with contributing to a sudden plunge in American stock markets five years ago, was assigned a reduced bail at a court hearing on Friday, allowing him to ...
PwC Report Reviews State of Global Financial Market Liquidity
August 14th, 2015
The Global Financial Markets Association (GFMA) and the Institute for International Finance (IIF) today released a comprehensive new report from PwC on the state of global market liquidity, produced on behalf of both Associations. “The findings from our research ...
Citigroup’s ‘Bad Bank’ Isn’t So Bad Anymore
August 13th, 2015
Citi Holdings, the ‘bad bank’ Citigroup created to dispose of unwanted assets, has become a surprise success story Citi Holdings was born to be bad. But it is getting better with age. The “bad-bank” unit of Citigroup Inc., Citi Holdings for more ...
Bitcoin’s Dark Side Could Get Darker
August 13th, 2015
Investors see riches in a cryptography-enabled technology called smart contracts–but it could also offer much to criminals. Some of the earliest adopters of the digital currency Bitcoin were criminals, who have found it invaluable in online marketplaces for contraband ...
Credit Suisse, Barclays in Talks to Settle ‘Dark Pool’ Allegations
August 12th, 2015
U.S. regulators could levy large fines over alleged wrongdoings Credit Suisse Group AG and Barclays PLC, two of the biggest operators of “dark pools,” have entered settlement negotiations with the New York attorney general and the Securities and Exchange Commission over allegations of ...
Algorithmic Trading: The Play-at-Home Version
August 10th, 2015
Building computer trading models has become the latest DIY craze After more than 100 hours of coding over three months, Mike Soule was finally ready to switch on his project. He didn’t know what to expect. If things went ...
