Trade Surveillance Archives

Graphic for Pragmatic Commodity Surveillance Webinar with four panelists

Pragmatic Commodity Surveillance in Unprecedented Times

Pragmatic Commodity Surveillance in Unprecedented Times: Online Panel Discussion and Webinar Watch the replay of our recent Webinar moderated by Gordon Allott featuring an expert panel: Summer K. MersingerCommissioner, CFTC Frank HaydenVP, Trading Compliance, Calpine Roger TanCretiRegional Head of Compliance, Gunvor USA Patrick SwartzerDirector – ICE Futures U.S. Market Regulation

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What the JP Morgan Traders Actually Did

What we can learn from the JP Morgan Traders. Allegedly! It’s America after all, and we love that word. But, it is the question that people keep asking. “What exactly did the JP Morgan precious metals traders actually do that got them into so much trouble?” It’s a case study in spoofing. Here’s what you

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Trade Surveillance

K3 Trade Surveillance: Spoofing For Jail Time

“Play stupid games. Win stupid prizes.” Trade surveillance is not child’s play as demonstrated in the recent conviction of two Deutsche Bank commodity traders who were indicted, convicted and now sentenced to a year and a day in prison. The felonious conduct? Spoofing. What is spoofing? Explain it to me like I am new to

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Trade Surveillance

3 Hard Surveillance Lessons Learned From Scotia Bank’s $127.4 Million Fine

3 Hard Surveillance Lessons Learned From Scotia Bank’s $127.4 Million Fine No matter where you are in the world. No matter what markets you trade. The Scotia fine is a global bellwether. Here’s what you need to know. The CFTC fined Bank of Nova Scotia $127.4 million for “spoofing” and making false statements. What pushed

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Trade Surveillance

The Surveillance Catch-22

The Data and Surveillance conversation you need to have with your CFO. There’s always so much “market cop” action in financial services. Here. Here. Here. Etc. The road signs are clear: we are moving out of a nascent compliance market into one reaching maturity. Many internal surveillance conversations have unfolded over the last few years.

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Regulatory Reporting, Trade Surveillance

Surveillance Data: The Stuff No One is Talking About

The Surveillance Data Problem EFRP: If your commodity firm is going to get fined for something, odds are it’s going to be for an EFRP documentation violation. More companies get hit for this than any other violation. In summary, every EFRP must be tied back to the independent OTC transaction. Most firms get in trouble

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Compliance, Trade Surveillance

Mercuria Selects K3 Middleware for Global Compliance and Integration

K3 middleware to be a centerpiece of Mercuria’s integrated architecture. BroadPeak Partners, the company behind K3, is pleased to announce that Mercuria Energy Group (“Mercuria”) will be using the K3 middware integration solution to further enhance its global reporting and surveillance programs. K3 supports regulatory reporting with, rules and validations across 4 continents and fulfills

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Regulatory Reporting, Trade Surveillance

JPM Fined $800K for Surveillance Failure

Surveillance is a dilemma. Busy? Yea, us too. It’s been a crazy couple of months. Besides MiFID II projects, BroadPeak is rolling out a whole bunch of new stuff at the end of summer! More on that in a bit… JP Morgan got fined $800,000 for trade surveillance failures. There’s some commentary HERE and the

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Position Limits, Trade Surveillance

two feet and legs sticking out of washing machine

ICE Releases New Wash Trades FAQ

FAQs about ICE Releases new Wash Trades This month the Intercontinental Exchange (aka ICE) released a revised Wash Trade FAQ document. This isn’t simply arbitrary guidance. It comes after considerable review with the CFTC, who list it along with the previous edition on their site. The last version was issued a little over 6 years ago

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CFTC, ICE, Trade Surveillance

BroadPeak at ETOT and FIA

BroadPeak at ETOT, London and FIA in Chicago The first week of November 2015 is a busy one for BroadPeak. We will be at the Energy Trading Operations & Technology Summit in London and the FIA Futures & Options Expo in Chicago. ETOT – Come and see us at our stand in the main exhibition

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Dodd Frank, EMIR, Events, MiFID II, Position Limits, REMIT, Trade Surveillance

Aaaaand We Have REMIT Liftoff

Aaaaand We Have REMIT Liftoff There’s a real sense of exhaustion… REMIT is turning out to be like a second kid after EMIR reporting. The first one, you go around all paranoid, making your house all safe. The second? Well, the kid’s just got to learn the hard way not to stick their finger in

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ETRM, Position Limits, Trade Surveillance

REMIT Criminal Investigation

Read Aviv Handler’s CTR post on REMIT’s criminal investigation. Aviv Handler over at the CTR blog makes a great point. Don’t be distracted by REMIT reporting when sanctions for insider trading and market manipulation are in force now. See his article here. We’ve been busy implementing K3 Surveillance Monitoring and would be happy to show

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Trade Surveillance

row of old-fashioned washing machines and dryers

Wash Trades | Your Questions Answered

Wash Trades | Your Questions Answered We’ve been getting a TON of questions about our Wash Trade blog post. What do you mean when you say my traders are trading as the FCM? Let’s say my company is ABC Energy. I have 100 Traders and an FCM called FCMBANK. When my traders execute trades via

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Position Limits, Trade Surveillance