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JPMorgan Chase must pay a $65 million civil penalty to settle charges that it attempted to manipulate the ISDAfix benchmark swap rates between 2007 and 2012, the U.S. Commodities Futures Trading Commission said Monday. View page
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Montréal Exchange’s Luc Fortin Says It’s All About The Time
Market to Expand Hours and Revamp It’s 5-Year Bond Luc Fortin, the president and CEO of Montréal Exchange, is looking to expand the exchange’s reach this year with new extended hours starting in October, which will grab more of the European time zone as well as its interest rate suite in the second half of the year. It is one of the last G7 exchanges to offer longer trading hours, so the move will put the Canadian derivatives market on a more equal footing with other markets. “The concept of trading the market on your time is something we’re very...Read more
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