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AAX, The Next Generation Cryptocurrency Exchange, Raises The Bar For Trust, Integrity, Security And Performance

Date 07/11/2019

• AAX's next-generation cryptocurrency exchange gives retail and institutional investors access to institutional-grade trading performance with LSEG Technology's Millennium Exchange matching engine
• High-speed, secure and reliable platform for OTC, spot and derivatives trading of cryptocurrencies provides seamless retail and institutional investor onboarding in critical step to institutionalizing the digital asset class

Statement Of CFTC Commissioner Rostin Behnam Regarding Tower Research Capital LLC

Date 07/11/2019

I respectfully concur as to the Commission’s determination today to accept an Offer of Settlement with Tower Research Capital LLC (“Tower”) and issue an order (the “Consent Order”) finding, among other things, that Tower engaged in a manipulative and deceptive spoofing scheme resulting in the largest civil resolution assessed by the Commission to date for such conduct. [1] I am supporting this determination because I believe the civil monetary penalty, restitution, and disgorgement in this matter are appropriately calibrated to the egregiousness of Tower’s actions.  

US Department Of Justice: Tower Research Capital LLC Agrees To Pay $67 Million In Connection With Commodities Fraud Scheme

Date 07/11/2019

Tower Research Capital LLC (Tower), a New York, New York-based financial services firm has entered into a resolution with the Department of Justice to resolve criminal charges related to a scheme involving thousands of episodes of unlawful trading activity in U.S. commodities markets by three former traders.

SIFMA Statement On Completion Of Quantum Dawn V Cybersecurity Exercise

Date 07/11/2019

 SIFMA today released the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, upon completion of SIFMA’s November 7 global industry-wide Quantum Dawn V cybersecurity exercise.  A fact sheet with details on Quantum Dawn V is available here.

CFTC Orders Mitsubishi Corporation RtM Japan Ltd. To Pay $500,000 For Spoofing

Date 07/11/2019

The U.S. Commodity Futures Trading Commission today issued an order filing and settling charges against Mitsubishi Corporation RtM Japan Ltd. (RtM Japan) for engaging in multiple acts of spoofing contracts on the New York Mercantile Exchange for platinum and palladium futures. The order finds that RtM Japan engaged in this activity through an inexperienced trader who used a trading platform located in RtM Japan’s Tokyo office. The order requires RtM Japan to cease and desist and imposes a civil monetary penalty of $500,000.

Alberta Securities Commission Appoints New Chief Accountant And Chief Financial Officer

Date 07/11/2019

The Alberta Securities Commission (ASC) today announced the appointment of Cheryl McGillivray as Chief Accountant and Chief Financial Officer.

Keynote Address - ALI CLE 2019 Conference On Life Insurance Company Products, Dalia Blass, SEC Director, Division of Investment Management, Washington D.C., Nov. 7, 2019

Date 07/11/2019

Introduction

Good morning. Thank you Steve [Roth] for that kind introduction.

It is hard to believe, but this is the third year in a row that I have had the pleasure to speak at this conference. In fact, my first public appearance as Director of the Division of Investment Management (the “Division”) was at the 2017 conference. I appreciate your continued engagement with me and the staff of the Division as we work together to modernize the regulatory framework for variable products. Products that are an integral component of our vibrant markets and that a diverse group of investors look to when planning for retirement and their families’ wellbeing.

CFTC Orders Proprietary Trading Firm To Pay Record $67.4 Million For Engaging In A Manipulative And Deceptive Scheme And Spoofing - Result Is The Largest Total Monetary Relief Ever Ordered In A Spoofing Case

Date 07/11/2019

The U.S. Commodity Futures Trading Commission today issued an order filing and settling charges against Tower Research Capital LLC, a proprietary trading firm, arising from a manipulative and deceptive scheme, spanning nearly two years and involving thousands of occasions of spoofing in equity index futures products traded on the Chicago Mercantile Exchange (CME) and Chicago Board of Trade (CBOT). The order finds that Tower, by and through three former Tower traders, engaged in this unlawful activity while placing orders for, and trading futures contracts through, Tower accounts, which benefited Tower financially while causing $32,593,849 million in market losses.

FSB Plenary Meets In Paris

Date 07/11/2019

The Financial Stability Board (FSB) Plenary met in Paris today to review vulnerabilities in the global financial system, discuss FinTech developments and ongoing work, and agree its work programme for 2020.

AxiomSL Awarded Best Risk Data Aggregation And Reporting Solution Provider By Chartis Research - AxiomSL Singled Out As A RiskTech100® 2020 Solution Winner

Date 07/11/2019

AxiomSL, the leading provider of regulatory reporting and risk management solutions, today announced that it was awarded best solution for “Risk Data Aggregation and Reporting” by Chartis Research, a provider of research and analysis on the global market for risk technology.