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Pre-hedging, or anticipatory hedging, is one of many risk management tools often used in principal-based OTC markets, such as commodities, foreign exchange (FX), or interest rate swap...
Commodity Futures Trading Commission CFTC enforcement actions pre hedging large commodity trades foreign exchange FX, interest rate swaps Trading by broker dealer to hedge their risk or a market manipulation European Securities Markets Authority also looking at pre hedging trades
Users of ephemeral messaging applications may intend that their messages be—as the word “ephemeral” suggests—short lived, but the real-world consequences and legal ramifications from...
The United States Commodity Futures Trading Commission (CFTC) has brought charges against John Patrick Gorman III, the former Head of non-yen rate trading at Nomura, for manipulating the prices of an interest rate swap. Announced on Monday, the charges by the watchdog highlighted that Gorman manipulated the prices knowingly to benefit the bank and later produced false statements to the CFTC investigators during an investigation and further destroyed relevant communications. The lawsuit filed in the Manhattan district court did not name Nomura, but a Bloomberg Making Money for the Company Th...