NY Court nixes TFS-ICAP’s attempt to dismiss CFTC action

Judge Victor Marrero of the New York Southern District Court found that the issues raised by TFS-ICAP did not warrant dismissal. TFS-ICAP LLC and TFS-ICAP Ltd have not dismissed the CFTC complaint against them. Judge Victor Marrero of the New…

Intercontinental Exchange’s Vice Chairman Charles Vice to retire

Mr. Vice will leave his current position at ICE at the end of the first quarter of 2020. Global exchange and clearing house operator and data and quotation service provider Intercontinental Exchange Inc. (NYSE: ICE) announced the retirement of Vice…

Citadel Securities joins Fenics GO electronic trading platform

Citadel Securities joins IMC, Maven Securities and Optiver to provide two-way liquidity committed to Eurex-listed Euro Stoxx 50 options and associated Delta 1 strategies via the Fenics GO platform. Fenics GO, a division within the international brokerage and fintech company…

Australian trader accused of spoofing secures continuance in civil lawsuit

The hearing in a CFTC action against Jiongsheng ("Jim") Zhao is postponed to March 2020. Jiongsheng ("Jim") Zhao, an Australian trader accused of engaging in an illegal trade practice known as "identity theft", has obtained another prosecution in the Commodity…

UK regulators push for March 2020 switch from LIBOR to SONIA for sterling interest rate swaps

The change aims to move the majority of new swaps on sterling to SONIA and to minimize the risks linked to the creation of new exposures to LIBOR. The Financial Conduct Authority (FCA) and the Bank of England (BoE) today…

Jury misconduct allegations cannot overturn FX trader guilty verdict

The allegations of a jury member who handed down the conviction of former JPMorgan FX trader Akshay Aiyer did not change the course of the proceedings. The allegations of jury misconduct did not result in the quashing of the guilty…

TFS-ICAP’s CEO Ian Dibb suffers bitter blow in NY Court

Dibb did not obtain partial dismissal of the complaint brought against him by the CFTC. Ian Dibb, CEO of TFS-ICAP, one of the defendants in a case before the United States Commodity Futures Trading Commission (CFTC), received a severe blow…

TFS-ICAP, Ian Dibb, Jeremy Woolfenden set to respond to CFTC complaint in Feb 2020

The accused will have until February 21, 2020 to file their responses to the CFTC's complaint accusing them of fraud. Trial of TFS-ICAP, CEO Ian Dibb, and Emerging Markets Broker Jeremy Woolfenden Continues Before New York's South District Court, Deadlines…

CFTC responds to arguments by TFS-ICAP’S CEO Ian Dibb in fraud case

The regulator argues that TFS-ICAP brokers have regularly reported false and non-authentic FX option transactions on the TFS-ICAP electronic trading platform. The Commodity Futures Trading Commission (CFTC) action against TFS-ICAP, chief executive officer Ian Dibb and head of emerging markets…