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"Cañas used his position as an insider at an investment bankto trade CFDs based on confidential information," Daniel Hawke,chief of the SEC's market abuse unit, said. "To those who thinkthey can mask their insider trading by trading CFDs rather thanthe underlying equity security, this case demonstrates ourresolve to detect such trading and hold them accountable."
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Spread-betting companies such as IG Group need people to trade to generate revenue. After a subdued first half of the year, things improved significantly as worries over withdrawal of quantitative easing in the US and a collapse in the price of gold encouraged trading on the group’s platform.
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The latest round of consolidation started in 2005, when America West bought US Airways out of bankruptcy, taking its name. Then Delta and Northwest merged in 2008, followed by United and Continental, and Southwest and AirTran. All of those easily won the blessing of antitrust regulators â?” the first two under President George W. Bush, the second pair under President Barack Obama.
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Such a graphene based device has been described and tested by researchers from the Massachusetts Institute of Technology (MIT), Columbia University and IBMâ?™s T J Watson Research Centre in a study published in the latest issue of Nature Photonics.