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A lawsuit accusing JPMorgan of spoofing the market for U.S. Treasury futures contracts is inching closer to its end, as the Court has preliminarily approved the proposed settlement between the defendant and several plaintiffs. On December 9, 2021, Judge Paul A. Engelmayer of the New York Southern District Court signed an order for the preliminary…

Read More “Court approves $15.7M settlement in JPMorgan treasury futures spoofing case” »

The Commodity Futures Trading Commission (CFTC) announced today that it has filed a civil enforcement action in the U.S. District Court for the Southern District of Texas against Peter Miller, a resident of San Juan, Puerto Rico, and his firm Omerta Capital LLC. The complaint charges the defendants for receiving tipped confidential block trade order…

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LCH, part of LSEG (London Stock Exchange Group), today announces RepoClear SA has registered its first euro repo trade under the Sponsored Clearing model. The trade was executed by PGGM, the Netherlands-based cooperative pension fund service provider, for the account of Dutch pension fund PFZW, with the support of its clearing agent, Societe Generale via…

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The UK Financial Conduct Authority (FCA) has issued its final LIBOR publications before the important end-2021 deadline. LIBOR is currently based on submissions provided by a panel of banks. These submissions are mostly based on estimates intended to reflect the interest rate at which banks could borrow money on unsecured terms in wholesale markets. The…

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FNG Exclusive Interview… As 2021 draws to a close, we thought it would be a good time to speak with CMC Markets Connect, to understand more about how the team have met the unique set of challenges presented over the year. Hopes are building that worst of the global health pandemic may be behind us…

Read More “Exclusive: Conversation with CMC Connect’s Richard Elston” »

Trading software developer MetaQuotes will roll out a MetaTrader 4 (MT4) platform update on Friday, December 10, 2021. This build provides the following changes: The minimum supported desktop client terminal version has been increased to 1340. Older terminals will not be able to connect to updated broker servers. General fixes and platform stability improvements. Error…

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More than three months after FXCM Inc, now known as Global Brokerage Inc, Drew Niv and William Ahdout filed a motion for summary judgment in a lawsuit brought by investors, the plaintiffs have opposed the motion. This case stems from the events from February 2017, when FXCM reached settlements with the CFTC and NFA, in…

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The acquisition of Equiniti by Earth Private Holdings Ltd – a newly-formed company owned by funds managed or advised by Siris Capital Group, LLC, is now complete. EQ and Bidco today announced that the Scheme has now become effective and the entire issued ordinary share capital of EQ is owned by Bidco. EQ Shareholders on…

Read More “Equiniti acquisition by Earth Private Holdings gets closed” »

Provider of financial markets data and infrastructure Refinitiv today announced that it will cease the publication of both morning and afternoon settings of Tokyo Swap Rate (for swaps referencing 6-month JPY interbank offered rates from London banks), as published on <17143> and other RICs, for all tenors via all delivery channels. The final publication will…

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The United States Commodity Futures Trading Commission (CFTC) will seek default judgments against Daniel Winston LaMarco and his company, GDLogix Inc. This becomes clear from a status report filed by the regulator in the New York Eastern District Court on December 9, 2021. Let’s recall that the CFTC charged LaMarco and his company with Forex…

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