News Centre

CFTC: Federal Court Orders Spencer Montgomery, Brian Reynolds, Arjent Capital Markets LLC, And Chicago Trading Managers LLC To Pay More Than $1.8 Million For Commodity Pool Fraud

Date 16/05/2013

The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Lewis A. Kaplan of the U.S. District Court for the Southern District of New York entered a consent judgment and permanent injunction Order against Defendants Spencer Montgomery and Brian Reynolds, and a default judgment and permanent injunction Order against Defendants Arjent Capital Markets LLC (Arjent) and Chicago Trading Managers LLC (CT Managers), for defrauding pool participants by knowingly issuing or causing to be issued false account statements for commodity pools. The Orders require Montgomery and Reynolds each to pay a $140,000 civil monetary penalty, Arjent and CT Managers jointly to pay a $1.4 million civil monetary penalty, and Arjent to pay an additional $140,000 civil monetary penalty. The Orders further impose permanent trading and registration bans on all the Defendants and prohibit them from violating the Commodity Exchange Act (CEA), as charged.

SIFMA Strongly Disagrees With CFTC’s Final SEF Rules

Date 16/05/2013

SIFMA today released the following statements after the Commodity Futures Trading Commission (CFTC) voted on final rules governing swap execution facilities (SEFs).

Statement By CFTC Commissioner Scott D. O’Malia To Opening Meeting To Discuss Swap Execution Facility Rules, Swap Block Rules, Made Available To Trade Determination And Disruptive Trade Guidance

Date 16/05/2013

Mr. Chairman, thank you for calling this meeting to finalize the critical suite of rules regarding swap execution. Adoption of these rules will bring the Commission in compliance with three of the four principles agreed to by the G-20 nations who finalized the Pittsburgh Communique on September 25, 2009.

EU Emissions Trading System: Emissions Trading: 2012 Saw Continuing Decline In Emissions But Growing Surplus Of Allowances

Date 16/05/2013

Emissions of greenhouse gases from installations participating in the EU Emissions Trading System (EU ETS) decreased by 2% last year, according to the information recorded in the Union Registry.

Statement Of CFTC Chairman Gary Gensler To Open Commission Meeting For Consideration Of Rules Implementing The Dodd-Frank Act

Date 16/05/2013

Good morning. This meeting will come to order. This is a public meeting of the Commodity Futures Trading Commission (CFTC). I’d like to welcome members of the public, market participants and members of the media, as well as those listening to the meeting on the phone or watching the webcast.

Changes In The Composition Of The ATHEX Indices

Date 16/05/2013

Due to the transfer of the trading of the shares of the company «S & B INDUSTRIAL MINERALS S.A.» to the «Low Dispersion» Category of the Athens Exchange, the shares of the company will be removed from all ΑΤΗΕΧ Indices.

“Better Bend than Break” Opening Statement Of CFTC Commissioner Bart Chilton Before The CFTC Public Meeting On Dodd-Frank Rulemaking, Washington, DC

Date 16/05/2013

This set of three trading rules—SEF, MAT, and Block—have, to put it mildly, been a long time coming.  What is in front of us today has parts I like, parts I don’t like—that’s what compromise means.  As Churchill said, “The English never draw a line without blurring it.”

Changes In The Composition Of The ATHEX INDEX Hellenic Mid - Small Cap Index

Date 16/05/2013

Due to the transfer of the trading of the shares of the company «S & B INDUSTRIAL MINERALS S.A.» to the «Low Dispersion» Category of the Athens Exchange, the shares of the company will be removed from the Index.

CFTC Chairman Gary Gensler Statements Of Support

Date 16/05/2013

Block Rule for Swaps

I support the final block rule for swaps, which is critical to promoting transparency in this once opaque market. With this rule, the public will benefit from seeing the price and volume of the majority of swaps transactions in real time – as soon as technologically practicable – after a trade is executed. Further, with this rule the public will benefit from the competition that will arise as buyers and sellers must transact on transparent trading platforms.

Opening Statement Of CFTC Commissioner Jill E. Sommers To Consider Final Trade Execution Rules And Anti-Disruptive Trading Practices Guidance Pursuant To The Dodd-Frank Act

Date 16/05/2013

Thank you Mr. Chairman. This is a momentous day for the Commission and market participants because we are finalizing long-awaited trade execution rules, and also for me personally because this is likely the last time I will participate in an open meeting to consider Dodd-Frank rules. It has been an incredible learning experience for me over the past three years, and although I think the Commission would have reached different conclusions on many of the foundational rules if we would have been consulted earlier in the process, I really appreciate all the time the staff has dedicated to this very challenging and often times overwhelming task we have been given.