News Centre

CFTC Charges Avraham Eisenberg With Manipulative And Deceptive Scheme To Misappropriate Over $110 Million From Mango Markets, A Digital Asset Exchange - First CFTC Oracle Manipulation Case On “Decentralized Exchange”

Date 09/01/2023

The Commodity Futures Trading Commission today filed a civil enforcement action in the U.S. District Court for the Southern District of New York charging Avraham Eisenberg with a fraudulent and manipulative scheme to unlawfully obtain over $110 million in digital assets from a purported decentralized digital asset exchange. This is the CFTC’s first enforcement action for a fraudulent or manipulative scheme involving trading on a supposed decentralized digital asset platform, and its first involving a scheme that is sometimes called “oracle manipulation.” 

Readout: Secretary Of The US Treasury Janet L. Yellen’s Meeting With Finance Ministers From Australia, Canada, New Zealand, And The United Kingdom

Date 09/01/2023

U.S. Treasury Secretary Janet L. Yellen chaired a meeting of the “Five Finance Ministers” which includes Australia, Canada, New Zealand, and the United Kingdom.  The ministers shared perspectives on global economic challenges and reflected on the distinct challenges stemming from Russia’s illegal and unprovoked war against Ukraine.  The ministers also discussed the need for cooperation to respond to the threat and use of economic coercion.

SIFMA Fixed Income Market Close Recommendation In The U.S., the U.K., And Japan For The U.S. Martin Luther King Day

Date 09/01/2023

SIFMA has confirmed its previous recommendation for a full market close on Monday, January 16 for the trading of U.S. dollar-denominated fixed income securities in the U.S., U.K., and Japan in observance of the U.S. Martin Luther King Day Holiday.

MIAX: Electronic Filing Of Annual Reports

Date 09/01/2023

The annual report filing, described in MIAX Options, MIAX Pearl Options, and MIAX Emerald Options Rule 803, has transitioned to the electronic filing platform available via FINRA’s Firm Gateway.

CFTC Charges Former New York City Commodity Pool Operator With Fraud

Date 09/01/2023

The Commodity Futures Trading Commission today announced it filed a civil enforcement action in the U.S. District Court for the Eastern District of New York against Mark A. Ramkishun, a former resident of New York City. The complaint alleges that Ramkishun fraudulently induced individuals in the U.S. to participate in a purported commodity pool called Leo Growl LLC.

Dissenting Statement Of CFTC Commissioner Summer K. Mersinger Regarding CFTC’s Regulatory Agenda

Date 09/01/2023

The Fall 2022 regulatory agenda (the Agenda) of the Commodity Futures Trading Commission (CFTC or Commission) was recently published as part of the government-wide Unified Agenda of Federal Regulatory and Deregulatory Actions (Unified Agenda).[1]  These semiannual submissions set out the CFTC’s Agenda of rulemaking matters that it expects to propose or finalize over the next year.

Nodal Exchange Achieves Record Traded Volume In Power And Environmental Markets In 2022

Date 09/01/2023

Nodal Exchange announced today that it achieved record trading volumes in 2022 in both power and environmental markets.

ISDA Responds To FCA Consultation On DTO Changes Reflecting USD LIBOR Transition

Date 09/01/2023

As part of its quarterly consultation paper No 38 (CP22/26), the FCA consulted on changes to the derivatives trading obligation (DTO) – removal of USD LIBOR derivative products from the scope of the DTO to reflect USD interest rate benchmark reform (Chapter 3 of the CP).

Counter Analysis And Antagonistic Banter To Follow The SEC’s Plans To Overhaul The Equities Market, By Jeffrey O'Connor, Head Of Market Structure, Americas, At Liquidnet

Date 09/01/2023

Many would be eager to turn the page on 2022 in what was one of the worst equity performances in many years. Unless of course you fall in the category of some of the quant funds that played the factor trades correctly, in general, across a broad categorization of advisors/money managers/funds, performance was generally poor. Dogged correlations making stock picking extremely difficult, and the subsequent collective de-risk/cash raise behavior causing real executable institutional liquidity to leave the marketplace. These are some of the themes to touch on when reviewing 2022, and for much of the year, liquidity sourcing, or lack-thereof, was the most topical market structure story – that is until the regulators got involved. 

Huobi Market Share Plummets In 2022 - Kaiko Research: Data Debrief

Date 09/01/2023

• Price Movements: Most Layer 1 tokens have struggled versus ETH since December, but SOL and ATOM have recently outperformed.
• Market Liquidity: Curve’s 3pool – made up of USDT, USDC, and DAI – has seen its total value locked fall from $5.5bn to just $600mn over the past year.
• Derivatives: Both SOL and LDO experienced a short squeeze as each token unexpectedly rallied.
• Macro Trends: Silvergate Bank's share price tumbled 43% in just one day last week after new revelations from the WSJ.