The United States Commodity Futures Trading Commission (CFTC) has informed the Court that is open to discussing a settlement with the defendants in the case targeting fraudulent FX scheme ForexNPower. This becomes clear from a status report filed by the regulator on December 10, 2021, and seen by FX News Group. Let’s recall that the…
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Wells Fargo & Company (NYSE:WFC) and HSBC Bank plc today announced an agreement to use a blockchain-based solution for the netting and settlement of matched FX transactions. Through this agreement, Wells Fargo and HSBC will jointly use a shared settlement ledger to process US dollar, Canadian dollar, British pound sterling and Euro transactions with plans…
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FNG Exclusive… FNG has learned that longtime JPMorgan Chase executive Jon Price has left the company, and is headed to London to join TP ICAP. At TP ICAP he will be Head of eFX Sales and New Products, and will be assisting in the launch of the company’s new NDF platform as well as growing…
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As we begin the countdown to year-end, the annual movement of senior executives in the FX sector has begun – with as usual all the key moves being reported exclusively (or first, before being copied elsewhere) at FNG. Who is the GKFX group’s new CEO for its UK business, GKPro? Where did Natallia Hunik land…
The Supervisory Board of Moscow Exchange (MOEX) has approved Andrey Selyuk as a member of the Executive Board and Chief Financial Officer. After approval by the Bank of Russia, Andrey Selyuk’s candidacy will be submitted for final approval by the Board. Andrey Selyuk is currently a member of the Management Board and Deputy CEO for…
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SIX Swiss Exchange announces the arrival of its newest participant: Hudson River Trading Europe Ltd (HRTEU). It is the Dublin branch of New York City based Hudson River Trading. The quantitative trading firm was founded in 2002 and trades equities, futures, options, currencies and fixed income on various markets worldwide. Gregor Braun, Head of Sales…
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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…
Read More “CFTC charges Omerta Capital with fictitious trading” »
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” »
Intercontinental Exchange (IE) today announced the passing of longtime Exchange Member and former New York Board of Trade Director James A. Calcagnini. He served on a number of committees for ICE Futures U.S. and its predecessor exchanges (NYBOT and CSCE), including the Executive Floor Committee, Membership Committee and Business Conduct Committee. Below is the full…
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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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