Mercantile

CME Group Delays Shuttering of Futures Floor Trading

CME Group said it will postpone until July 6 the scheduled closing of most of its futures trading pits in Chicago and New York — including natural gas — due to a technical revision to its filing with the Commodity Futures Trading Commission (CFTC).

June 24, 2015

Nymex, Ex-Employees Leaked Trade Info, CFTC Charges

The U.S. Commodity Futures Trading Commission (CFTC) last Thursday filed an enforcement action charging New York Mercantile Exchange Inc. (Nymex), a unit of CME Group, and two former CME Nymex employees, William Byrnes and Christopher Curtin, with violating the Commodity Exchange Act (CEA) and CFTC regulations through the repeated disclosures of nonpublic material customer information over a two-and-a-half-year period to an outside commodity broker. CME Group fired back that not only did it address and handle the issue appropriately, the complaint against Nymex is “neither justified as a matter of law nor consistent with the regulatory structure” established by the CEA.

February 25, 2013

Nymex, Former Employees Leaked Trade Information, CFTC Charges

The U.S. Commodity Futures Trading Commission (CFTC) on Thursday filed an enforcement action charging New York Mercantile Exchange Inc. (Nymex), a unit of CME Group, and two former CME Nymex employees, William Byrnes and Christopher Curtin, with violating the Commodity Exchange Act (CEA) and CFTC regulations through the repeated disclosures of nonpublic material customer information over a period of two and a half years to an outside commodity broker. CME Group fired back that not only did it address and handle the issue appropriately, the complaint against Nymex is “neither justified as a matter of law nor consistent with the regulatory structure” established by the CEA.

February 22, 2013

CME Challenging CFTC Enforcement of Dodd-Frank

The Chicago Mercantile Exchange (CME) has filed a lawsuit in federal court in Washington, DC, against the Commodity Futures Trading Commission, challenging the agency’s enforcement of its swap data record-keeping and reporting requirements under the Dodd-Frank Wall Street Reform Act.

November 12, 2012

CME Asks Court to Enjoin CFTC from Enforcing Dodd-Frank Rules

The Chicago Mercantile Exchange (CME) has filed a lawsuit in federal court in Washington, DC, against the Commodity Futures Trading Commission, challenging the agency’s enforcement of its swap data record-keeping and reporting requirements under the Dodd-Frank Wall Street Reform Act.

November 12, 2012

Encana ‘Cautiously Optimistic’ on Natural Gas, But Liquids Still Focus

Encana Corp. CEO Randy Eresman, whose company is one of the largest onshore producers in North America, said Wednesday the company remains “cautiously optimistic about our natural gas price recovery this year. We continue to see evidence on both the demand and supply front that supports this assertion.”

October 26, 2012

Last-Minute Action by CFTC Delays New Rules for Energy Swaps

At the 11th hour Friday, the Commodity Futures Trading Commission granted CME Group, owner of the New York Mercantile Exchange (Nymex), and IntercontinentalExchange (ICE) limited relief until Dec. 31 from the Oct. 12 deadline to register as swap dealers.

October 15, 2012

Last-Minute Action by CFTC Delays New Energy Swaps Rules

At the 11th hour Friday, the Commodity Futures Trading Commission granted CME Group, owner of the New York Mercantile Exchange (Nymex), and IntercontinentalExchange (ICE) limited relief until Dec. 31 from the Oct. 12 deadline to register as swap dealers.

October 15, 2012

CME Group Fines Whiteside Energy, Trader for Disrupting Trading

CME Group Inc., which owns the New York Mercantile Exchange (Nymex), has fined Houston-based Whiteside Energy LP $225,000 after one of its traders left an automatic trade execution system (ATES) operating unattended, causing disruption in the natural gas futures market.

July 5, 2012

Nymex Penalizes Oil, Gas Traders for Fraudulent Activities

The New York Mercantile Exchange (Nymex) has taken disciplinary action against and penalized two exchange members and one non-member for fraudulent trading of natural gas and oil futures.

June 19, 2012
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