Monday, 22 December 2014
Last updated 1 hour ago
Oct 24 2007 | 7:48am ET
Amaranth Advisors lost billions trading natural gas contracts on the Intercontinental Exchange, and the U.S. Commodity Futures Trading Commission wants to make sure that nothing like it ever happens again.
The CFTC is set to ask Congress for new restrictions and oversight of the ICE, an electronic market not subject to the transparency requirements faced by the likes of the New York Mercantile Exchange. In particular, the CFTC wants mandatory dialing reporting of large trades on the exchange, limits on how many contracts a single trader can control and new exchange rules to force traders to unwind large positions.
CFTC Acting Chairman Walter Lukken is set to propose the recommendations to a U.S. House of Representatives subcommittee today.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.