BGC Financial Discover Forex News Group: the latest behind-the-scenes insight into all the FX executive moves, platform advancements, regulatory changes, broker results and volumes

BGC to pay $200,000 fine for deficient systems for detecting potential spoofing and layering

BGC failed to establish and maintain a supervisory system reasonably designed to detect potential spoofing and layering in equity securities.

BGC reported the execution times of over 3.5 million Treasury transactions to TRACE in seconds rather than milliseconds.

BGC Financial submitted multiple block trades in Gold and Silver futures and options spreads to CME with inaccurate execution times.