News Centre

CFTC Sanctions York Business Associates LLC d/b/a TransAct Futures, A Registered Futures Commission Merchant, $199,000 For Supervision Failures In Handling A Customer Account

Date 21/09/2012

The U.S. Commodity Futures Trading Commission (CFTC) today issued an order filing and settling charges against York Business Associates LLC, doing business as TransAct Futures (TransAct), for failing to supervise diligently its employees’ handling of an account held at TransAct in the name of Gordon Driver, who was using his account at TransAct to engage in commodity pool fraud. TransAct is a registered Futures Commission Merchant based in Chicago, Ill.

Statement By IMF First Deputy Managing Director David Lipton On The IMF’s Financial Surveillance Strategy

Date 21/09/2012

Mr. David Lipton, First Deputy Managing Director of the International Monetary Fund (IMF), issued the following statement today in Washington, DC:

The IMF Executive Board’s adoption on September 19 of a strategy for financial surveillance affirms the IMF’s efforts to strengthen the surveillance of its member countries' financial sectors and global financial developments. Given the critical importance of financial systems for economic growth and stability, it is essential to have effective financial surveillance to enable the early detection of systemic risks and provide timely macrofinancial policy advice.

CFTC.gov Commitments Of Traders Reports Update

Date 21/09/2012

The Commitments of Traders (COT) reports provide a breakdown of each Tuesday’s open interest for markets in which 20 or more traders hold positions equal to or above the reporting levels established by the CFTC.

ISE Weekly Listings September 21, 2012

Date 21/09/2012

The International Securities Exchange listed new options classes during the week beginning September 17, 2012 as described below.  

CFTC Orders Infinity Futures LLC, An Introducing Broker, To Pay $340,000 fFr Supervision Violations

Date 21/09/2012

The U.S. Commodity Futures Trading Commission (CFTC) today issued an order filing and settling charges against Infinity Futures LLC (Infinity), a Chicago-based registered Introducing Broker, for failing to supervise diligently the handling of certain trading accounts by its officers, employees, and agents.

CFTC Orders Citigroup Inc. And Citigroup Global Markets Ltd. To Pay $525,000 Penalty For Violating Wheat Futures Speculative Position Limits

Date 21/09/2012

The U.S. Commodity Futures Trading Commission (CFTC) today issued an order filing and settling charges that Citigroup Inc. (Citigroup) of New York, N.Y., and Citigroup Global Markets Ltd. (CGML) of London, England, exceeded speculative position limits in wheat futures contracts in trading on the Chicago Board of Trade (CBOT), which is part of CME Group, Inc. The CFTC order requires Citigroup and CGML to pay a $525,000 civil monetary penalty and cease and desist from further violations of section 4a(b)(2) of the Commodity Exchange Act and CFTC regulation 150.2, as charged.

Decisions Taken By The Governing Council Of The ECB (In Addition To Decisions Setting Interest Rates)

Date 21/09/2012

Market Operations

Technical features of Outright Monetary Transactions

On 6 September 2012, the Governing Council decided on a number of technical features regarding the Eurosystem’s outright transactions in secondary sovereign bond markets that aim at safeguarding an appropriate monetary policy transmission and the singleness of the monetary policy. The framework for conducting these Outright Monetary Transactions is outlined in a press release published on the ECB’s website on the same day.

Symbols, Cymbals And Systems - A Culture Shift Conversation - Keynote Address Of CFTC Commissioner Bart Chilton To The Hard Assets Investment Conference, Chicago, IL

Date 21/09/2012

Introduction

Thank you for that generous introduction and for the invitation to speak with you today in Chicago. I’m excited to be here.

Statement Of The Troika On The Greek Review Mission

Date 21/09/2012

The European Commission/European Central Bank/International Monetary Fund mission in Athens will take a brief pause from its discussions with the authorities on the programme review. It expects to return to Athens after about a week. During this period some mission experts will remain in Athens to assist the authorities with further technical work, while contacts will continue with the authorities from respective headquarters. The mission has had productive discussions with the authorities since early September and has made good progress during this period. The mission looks forward to continuing those discussions soon in Athens, with the goal of reaching agreement on a set of economic policies that could provide the basis for a successful completion of the review.

Good Government: Making It Our Mission, Not Just A Slogan - Remarks By CFTC Commissioner Scott D. O’Malia, University Of Notre Dame Business Law Forum

Date 21/09/2012

It’s a pleasure to address the Business Law Forum. I would like to extend a special thank you to Professor Patricia O’Hara for her generous offer to come back to South Bend on one of the most important weekends of the year. It has been some time since I was last here, but believe it or not, I was born here and lived here until I was 6 years old and was at that time a fan of the Fighting Irish.