Navinder Singh Sarao, the U.K. resident known as the “Flash Crash Trader,” has been ordered by a U.S. court to pay a $25,743.174.52 civil monetary penalty and $12,871,587.26 in disgorgement for multiple charges of futures market manipulation. Sarao was extradited from the U.K. to the U.S., where he faced criminal charges for the same acts…. Read More >>
ICE Clear Credit Hits $1B Mark for Single CDS
The Intercontinental Exchange (ICE), owner of the New York Stock Exchange, other exchanges and clearinghouses, announced that ICE Clear Credit has surpassed $100 billion year to date in gross notional cleared for client accounts for single name credit default swaps (CDS), officials say. This marks a 200 percent increase over 2015. The ICE Clear Credit… Read More >>
EBS Joins Thomson Reuters’ TRTN Post-Trade Network
EBS Clients Get STP via TRTN Foreign exchange (FX) trading platform EBS is now part of a post-trade network offering, the Thomson Reuters Trade Notification (TRTN), in an effort to offer EBS clients straight through processing (STP) support, officials say. EBS is joining more than 2,500 other publishers on TRTN, which Thomson Reuters officials say… Read More >>
