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Bank of England denies secret futures trading on CME Group exchanges in U.S.

By: Chris Powell, Secretary/Treasurer, GATA

 -- Published: Tuesday, 24 February 2015 | Print  | Disqus 

Dear Friend of GATA and Gold:

Bank of England Governor Mark Carney today told the Treasury Committee of the House of Commons that the bank is not participating in CME Group's program by which central banks receive discounts for their secret trading in all major U.S. futures markets.

The CME Group's "central bank incentive program" is described here:

http://www.gata.org/node/14385

http://www.gata.org/node/14411

http://www.gata.org/node/14818

Carney's denial came in response to a question from committee member Steve Baker, Conservative for Wycombe in England.

The exchange can be viewed at the 11:38:50 mark of the video of the hearing at Parliament's Internet site here:

http://www.parliamentlive.tv/Main/Player.aspx?meetingId=17350

While no mainstream financial news organizations will question central banks about their secret trading in the markets, at least the issue seems to have come to the attention of some elected officials in Britain.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

Join GATA here:

Mining Investment Asia Conference
Resorts World Convention Centre
8 Sentosa Gateway, Sentosa Island
Singapore
Wednesday-Friday, March 18-20, 2015

http://www.mininginvestmentasia.com/

Mines and Money Conference
Hong Kong Convention and Exhibition Centre
1 Expo Drive, Wan Chai
Hong Kong, China
Monday-Friday, March 23-27, 2015
http://www.minesandmoney.com/hongkong/

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

 


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 -- Published: Tuesday, 24 February 2015 | E-Mail  | Print  | Source: GoldSeek.com

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