New York City-based Thalēs Trading Solutions, a U.S. CFTC- and National Futures Association-registered introducing broker founded in 2012, reports the formation of an industry experts advisory board. The board consists of “professionals from various segments of the financial services industry including, institutional investors, fund of funds, family offices, hedge funds, commodity trading advisors, as well… Read More >>
Q&A: Five Minutes with Timothy Massad
Editor’s Note: In a video interview with FTF News, the chairman of the CFTC discusses the regulator’s priorities, the recent Flash Crash enforcement action, data management and reporting issues. This is a transcript of the video interview, which has been posted online. Q: Everyone is telling you what the top priorities are for the CFTC. What… Read More >>
CFTC to Extend Relief for Swap Trade Errors
Speaking at the DerivOps North America conference this morning, CFTC Chairman Timothy Massad announced his agency will be issuing no-action letters providing relief for regulatory requirements concerning erroneous swap trades and swap trade confirmations. Massad said the relief is part of the CFTC’s ongoing efforts to ensure that post-financial crisis reforms in the derivatives markets… Read More >>
Is Hillary’s New CFO a Nod to Elizabeth Warren?
Hillary Clinton has tapped former regulatory firebrand Gary Gensler as her campaign’s chief financial officer (CFO), a move that could signal there’s bite to the populist bark her campaign has engaged in recently. As the former chairman of the CFTC from 2008 to 2013, Gensler led the charge among regulators in implementing the reforms outlined… Read More >>
CFTC Charges U.K. Firm Played Key Role in Flash Crash
The CFTC is bringing enforcement actions against an individual and his firm for allegedly contributing to the May 6, 2010 Flash Crash, according to the regulator. The CFTC complaint charges U.K. resident Navinder Singh Sarao and his firm Nav Sarao Futures Limited PLC with “unlawfully manipulating, attempting to manipulate, and spoofing — all with regard… Read More >>
GMS Joins Misys InFusion Partner Program
FinTech vendor Misys has inked an agreement with Global Market Solutions (GMS) to become a member of the InFusion Partner Program, officials say. GMS provides expertise in implementation and integration projects around financial software for a range of activities, including risk management, IT architecture and others. “Global Market Solutions has many years of experience in… Read More >>
Neonet Offers Access to Oslo Børs’ Dark Pool
Independent broker and execution specialist Neonet has announced that it will be among the first brokers to provide its clients with access to North Sea, the re-launched dark pool functionality from Oslo Børs, Norway’s stock exchange, officials say. The service will include fully integrated direct market access (DMA), smart order routing, and algorithm support. North… Read More >>
Cordium Debuts Compliance Workflow Solution
Compliance consulting and software vendor Cordium has just launched Pilot, a new compliance workflow management system, officials say. Pilot is designed “to manage complex compliance and operational tasks from start to finish,” and thus help compliance professionals manage and keep on top of their workload, according to a company statement. Pilot centers around an interactive… Read More >>
Exiger Division Hires Ex-Manhattan DA Chief of Staff
Exiger, a regulatory and financial crime, risk and compliance provider, has appointed the former chief of staff for the Manhattan District Attorney’s Office Jeff Schlanger as managing director and president of Exiger Advisory, a specialized consulting division, officials say. Schlanger served District Attorney Cyrus R. Vance, Jr. and during his tenure oversaw the day-to-day operations… Read More >>
Ben Bernanke to Advise Citadel
Former Federal Reserve Chairman Ben S. Bernanke will soon be serving as an outside senior advisor for hedge fund Citadel, officials say. In this position Bernanke will consult with Citadel teams on developments in monetary policy, financial markets and the global economy. Citadel has total assets under management (AUM) of about $25 billion. “We are… Read More >>
