Mr Vice will leave his current role at ICE at the end of the first quarter of 2020. Operator of global exchanges and clearing houses and provider of data and listings services Intercontinental Exchange Inc (NYSE:ICE) has announced the retirement of Vice Chairman Charles Vice. Charles Vice Mr Vice will retire following a 20-year career at
Citadel Securities joins IMC, Maven Securities and Optiver in providing committed two-way liquidity in Eurex listed Euro Stoxx 50 Index Options and related Delta 1 strategies through the Fenics GO platform. Fenics GO, a division within international brokerage and fintech company BGC Partners (NASDAQ:BGCP), today announces that global market maker Citadel Securities has joined its electronic
The hearing in a CFTC action against Jiongsheng (“Jim”) Zhao gets rescheduled until March 2020. Jiongsheng (“Jim”) Zhao, an Australian trader accused of engaging in an illicit trading practice known as “spoofing”, has secured another continuance in the civil lawsuit brought by the United States Commodity Futures Trading Commission (CFTC) against him. Earlier today, the
The change aims to move the greater part of new sterling swaps trading to SONIA and minimize the risks from creating new LIBOR exposures. The Financial Conduct Authority (FCA) and the Bank of England (BoE) today issued an announcement for market makers regarding the appropriate date for switching from LIBOR to SONIA. The regulators encourage market
Claims by a member of the jury that delivered the guilty verdict for former JPMorgan FX trader Akshay Aiyer fail to change the course of the proceedings. Allegations about jury misconduct have failed to result in vacating the guilty verdict as to former JPMorgan FX trader Akshay Aiyer. On January 13, 2020, Judge John G.
All fact discovery in the lawsuit which targets some of the world’s biggest banks is set to be completed by June 1, 2020. About a month after Judge Lorna G. Schofield of the New York Southern District Court agreed to lift the discovery stay in an FX benchmark rate fixing case targeting some of the world’s
Dibb has failed to secure partial dismissal of the complaint brought against him by the CFTC. Ian Dibb, the CEO of TFS-ICAP, who is among the defendants in a case brought by the United States Commodity Futures Trading Commission (CFTC), was dealt a bitter blow earlier this week, as the Court denied his motion for
The defendants will have until February 21, 2020 to file their responses to the CFTC complaint charging them with fraud. The lawsuit targeting TFS-ICAP, the Chief Executive Officer, Ian Dibb, and the Head of Emerging Markets broking, Jeremy Woolfenden, continues at the New York Southern District Court, with some deadlines determined earlier today. Judge Victor
The regulator argues that brokers at TFS-ICAP routinely reported fake, non-bona fide FX Options transactions on TFS-ICAP’s electronic trading platform. The action brought by the Commodity Futures Trading Commission (CFTC) against TFS-ICAP, the Chief Executive Officer, Ian Dibb, and the Head of Emerging Markets broking, Jeremy Woolfenden, continues at the New York Southern District Court.
The testimony of former traders Jason Katz, who worked at Barclays and BNP Paribas, and Christopher Cummins, who worked at Citigroup, is challenged by Akshay Aiyer. About a month after Akshay Aiyer, a former JP Morgan Forex trader, was convicted of conspiring to fix prices and rig bids in Central and Eastern European, Middle Eastern and