The CFTC has settled its charges against the Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) with a relatively small $600,000 penalty. Those charges accused the bank of “engaging in multiple acts of spoofing in a variety of futures contracts on the Chicago Mercantile Exchange and the Chicago Board of Trade, including futures contracts based on United… Read More >>
Citadel, Morgan Stanley & JPMorgan Settle with Pre-Trump Regulators
Shortly before the Trump administration came to power on January 20, the SEC and CFTC settled with some major industry players such as Citadel Securities, Morgan Stanley Smith Barney, and J.P. Morgan Securities (JPMS). The violations ranged from charges of misleading statements about trade orders to billing and supervisory failures. Some of the penalties paid… Read More >>
CME May Spur Bidding War for the LSE
There is a sense of déjà vu in the air with talk of a $28 billion merger between Deutsche Börse and the London Stock Exchange Group (LSEG). The two have been circling around each other for years but as in the past, rival exchanges may try and break the bond. This time around the Intercontinental… Read More >>
