News Centre

SIFMA Fixed Income Market Close Recommendations In The U.S.,The U.K., And Japan For U.S. Columbus Day And Japan Health And Sports Day Holidays

Date 26/09/2022

SIFMA has confirmed its previous holiday recommendation for a full market close on Monday, October 10, 2022, for the trading of U.S. dollar-denominated fixed income securities in the U.S., the U.K., and Japan in observance of the U.S. Columbus Day and Japan Health and Sports Day holidays.

CFTC Chairman Behnam To Join N.J. Congressman Gottheimer To Discuss Digital Assets, Fintech And Investor Protection

Date 26/09/2022

MIAX Options: Extension Of SPIKES Options Market Maker Incentive Program Until Friday, December 30, 2022

Date 26/09/2022

MIAX Options has extended the monthly Market Maker Incentive Program (the “Incentive Program”) for SPIKES Options until Friday, December 30, 2022.

ISDA derivatiViews - Phase Six IM: The End Of The Beginning

Date 26/09/2022

It’s been a long journey. Six years ago, the largest 20 dealers began exchanging initial margin (IM) as part of the first phase of regulatory IM requirements for non-cleared derivatives. Earlier this month, hundreds of smaller entities followed suit, marking the sixth and final phase of the regulatory rollout. Despite the number of in-scope entities – by far the largest in a single phase – the September 1 implementation deadline occurred without significant market disruption, reflecting the hard work and determination of all involved to get this done. But the journey doesn’t end here: ongoing compliance threshold monitoring, new entities coming into scope and additional jurisdictions adopting IM requirements mean the margin rules will continue to be a priority into the future.

SEC Charges Father-Son Duo And Associate In Market Manipulation Schemes Resulting In A New Jersey Deli With A $100 Million Valuation

Date 26/09/2022

The Securities and Exchange Commission today charged Peter L. Coker Sr., Peter L. Coker Jr., and James T. Patten for their roles in orchestrating fraudulent manipulative securities trading schemes. These schemes included artificially inflating the share price of Hometown International, which operated a New Jersey deli producing less than $40,000 in annual revenue, from approximately $1 per share in October 2019 to nearly $14 per share by April 2021, leading to a grossly inflated market capitalization of $100 million.

CFTC Orders California Trader And Prop Firm To Pay $750,000 For Spoofing In Treasury Futures

Date 26/09/2022

The Commodity Futures Trading Commission today issued two orders simultaneously filing and settling charges against Randy Chen (Chen), a California resident, and Tanius Technology, LLC (Tanius), a proprietary trading firm headquartered in California, for spoofing in 12 futures contracts—primarily, but not exclusively, Treasury futures contracts—on the Chicago Mercantile Exchange (CME).

CFTC Commissioner Christy Goldsmith Romero Calls For Nominations And Topics For The Technology Advisory Committee

Date 26/09/2022

Commodity Futures Trading Commission Commissioner Christy Goldsmith Romero, sponsor of the Technology Advisory Committee (TAC), today called for committee-membership nominations and potential topics for TAC meetings.

Transcend Appoints Securities Finance Veteran Jeff Kidwell As Director Of Sales For North America

Date 26/09/2022

Transcend, a leading provider of optimization solutions for liquidity, funding, and collateral, has appointed Jeff Kidwell as Director of Sales for North America. Kidwell will focus on growing Transcend’s securities finance footprint in North America and will report to Transcend’s Head of Sales & Business Development BJ Marcoullier.

Hackers Deposit Stolen Funds In 3pool - Kaiko Research: Data Debrief

Date 26/09/2022

Another week, another massive crypto hack. Last week, Wintermute, one of the largest cryptocurrency market makers, was exploited for $160mn likely due to a bug associated with its wallet address. According to the CEO, only the firm’s DeFi unit was impacted while CeFi and OTC operations remain unaffected. A series of transactions quickly followed the hack which saw 112 million tokens transferred to Curve’s 3pool. The 3pool is one of the largest liquidity pools in DeFi, enabling swaps between the stablecoins USDC, USDT and DAI. Using Kaiko’s liquidity pool data, we can observe the exact moment the hackers deposited stolen funds in the 3pool, which caused the pool to become temporarily imbalanced with a surplus of USDC.  

Statement From The Governor Of The Bank Of England

Date 26/09/2022

The Bank is monitoring developments in financial markets very closely in light of the significant repricing of financial assets.