Page 39 - Exchanges Commission News Today

Dec 23, 2020 08:32 GMTFXStreet News Here is what you need to know on Wednesday, December 23: The dollar is on the back foot, shrugging off President Trump’s rejection of a crucial part of the stimulus bill as tensions about the covid strain recede. Optimism about an imminent Brexit deal and a packed day of data await traders. US fiscal stimulus at risk? President Donald Trump said that the relief package that Congress passed is a “disgrace” – specifically referring to checks sent to all...

[1] JPMorgan traders engaged in “spoofing,” in which a financial firm will flood the market with trade it doesn’t intend to execute in order to affect the price of a particular commodity. In this case, traders focused on the metals industry. This case has been resolved, but several others are still in litigation. ‘The conduct of the individuals referenced in today’s resolutions is unacceptable and they are no longer with the firm,’ Daniel Pinto, co-president of JPMorgan, said in the...