News Centre

CME Group U.S. Treasury Futures Open Interest Surpasses Record 17 Million Contracts

Date 15/05/2023

• Record open interest of 17,222,551 contracts reached on May 12, representing $2 trillion in notional value
• Fifth consecutive day of record open interest for U.S. Treasury futures

“Lessons From Mrs. O’Leary’s Cow:” Remarks Before The Atlanta Federal Reserve Financial Markets Conference, SEC Chair Gary Gensler, Washington D.C., May 15, 2023

Date 15/05/2023

Thank you, Tom. As is customary, I’d like to note that my views are my own as Chair of the Securities and Exchange Commission, and I’m not speaking on behalf of my fellow Commissioners or the SEC staff.

Beeks Wins OneChronos Contract Following Competitive Review - One Chronos Selected Beeks To Power High Performance Compute And Private Environment Of Their New ATS

Date 15/05/2023

Beeks Group announces a collaboration with OneChronos to provide high-performance compute and private environment for their new Alternative Trading System (ATS). OneChronos is a U.S. equities ATS designed bottom-up to fundamentally address the growing gap between how trading venues match orders and how traders need to execute.

ISDA AGM Studio: Debbie Toennies And Jacques Vigner

Date 15/05/2023

Debbie Toennies, managing director and head of regulatory affairs for the Corporate and Investment Bank at JP Morgan, and Jacques Vigner, chief strategic oversight officer for global markets at BNP Paribas, talk to ISDA’s head of capital Panayiotis Dionysopoulos about the importance of harmonizing the Basel III capital rules across jurisdictions.

Statement Of CFTC Commissioner Kristin N. Johnson Regarding CFTC Action Against Red Rock Secured, LLC, Shade Johnson-Kelly a/k/a Sean Kelly, And Anthony Spencer For Precious Metals Fraud

Date 15/05/2023

Today, the Commodity Futures Trading Commission (CFTC or Commission) filed a complaint in the U.S. District Court for the Central District of California against Red Rock Secured, LLC (Red Rock), Shade Johnson-Kelly a/k/a Sean Kelly, and Anthony Spencer (Defendants) for engaging in a scheme to defraud people throughout the United States.[1]  Defendants marketed precious metal, in particular silver and gold Canadian Red-Tailed Hawk (RTH) coins, to customers while misleading them as to the exorbitant mark-ups that Defendants were charging, which routinely and repeatedly ranged from 100% to 130%.  Troublingly, Defendants convinced hundreds of customers—many of them elderly—to use retirement funds to invest in these overpriced RTH coins.  Ultimately, Red Rock charged approximately 959 customers approximately $34.4 million in mark-ups on approximately $61.8 million in sales.

ISDA-Clarus RFR Adoption Indicator: April 2023

Date 15/05/2023

The ISDA-Clarus RFR Adoption Indicator increased to an all-time high of 60.7% in April 2023 compared to 56.6% in March 2023. The indicator tracks how much global trading activity (as measured by DV01) is conducted in cleared over-the-counter and exchange-traded interest rate derivatives (IRD) that reference risk-free rates (RFRs) in eight major currencies. On a traded notional basis, the percentage of RFR-linked IRD rose to 53.4% of total IRD transacted in April 2023 compared to 52.3% the prior month.

The CFTC And State Regulators In California And Hawaii Charge Los Angeles Area Precious Metals Dealer In Ongoing $61 Million Fraud Targeting The Elderly

Date 15/05/2023

The Commodity Futures Trading Commission and state regulators in California and Hawaii today announced they have filed a joint civil enforcement action in the U.S. District Court for the Central District of California against a precious metals dealer, its chief executive officer (CEO), and a senior account executive for perpetrating a $61.8 million nationwide fraudulent scheme. 

SEC Charges Red Rock Secured, Three Executives In Fraud Scheme Targeting Retirement Accounts

Date 15/05/2023

The Securities and Exchange Commission today announced charges against El Segundo, California-based Red Rock Secured LLC, its CEO, Sean Kelly, and two of its former Senior Account Executives, Anthony Spencer and Jeffrey Ward, in connection with a fraudulent scheme that involved convincing hundreds of investors to sell securities in their retirement accounts to buy gold and silver coins at prices that included markups far greater than the defendants had promised.

Market Makers Continue To Reduce Liquidity - Kaiko Research: Data Debrief

Date 15/05/2023

Last week, some of the biggest market makers in crypto, Jane Street and Jump Crypto, announced they were winding down some of their crypto exposure, particularly in the U.S due to regulatory uncertainty. This move should have major implications for liquidity in the industry which has already lost several big players over the last year. Interestingly, market depth for BTC has barely shifted since the announcement or over the past month, remaining at depressed levels. This seems to indicate that Jump and Jane Street already reduced the majority of their exposure, or have yet to make those adjustments. With the gradual decline in market depth year-to-date, it seems more likely it’s the former.

Finansinspektionen Notifies The EU Regarding The Introduction Of New Risk Weight Floor For Commercial Real Estate

Date 15/05/2023

Finansinspektionen has notified the Commission and the European Systemic Risk Board (ESRB) that it intends to introduce weight floor for commercial real estate in accordance with Article 458 of the CRR. This will replace the current Pillar 2 risk weight floors for exposures secured by commercial real estate. The measure is planned to be effective from 30 September 2023.