Goldman, GETCO & Ken Griffin Tighten their Vulcan Death Grip on Gold Futures

GATA
must be gulping hard as Goldman, GETCO, Citadel, MS, UBS & DRW
announce the purchase of minority stakes in NYSE Liffe U.S., which
administers 100 oz. gold futures, 5,000 oz. silver futures, options on
gold and silver futures, and mini-sized 33.2 oz. gold and 1,000 oz.
silver futures.  The long-suspected ringleader of silver futures short-sided shenanigans, JPM, was conspicuously absent from today's NYSE press release.

 


 

NYSE Liffe U.S. Completes Sale of Ownership Stake to Leading Market Participants

-Reinforces Commitment to Competition, Innovation and Customer Service-
-Semi-Mutualized Exchange Structure Now with Six Partners in Total-

New
York, March 10, 2009 – NYSE Euronext (NYX) today announced that it sold
a significant minority ownership stake in its U.S. futures exchange,
NYSE Liffe U.S., to six leading firms and liquidity providers: Citadel
Securities, DRW Ventures LLC (an affiliate of DRW Trading Group),
GETCO, Goldman Sachs, Morgan Stanley, and UBS. NYSE Euronext will
continue to be the largest shareholder in NYSE Liffe U.S., managing the
exchange’s daily operations. NYSE Liffe U.S. will continue to operate
under the supervision of a separate Board of Directors, chaired by
James J. McNulty, former CEO of the Chicago Mercantile Exchange.

"With the completion of this transaction, NYSE Liffe U.S. is well
positioned to deliver innovation, competition and value to the U.S.
derivatives marketplace," said Duncan L. Niederauer, Chief Executive
Officer, NYSE Euronext. "We are committed to building a diverse,
customer-driven U.S. futures exchange, and are confident that
partnering with our clients is the right strategy for success."

"The NYSE Liffe U.S. partnership includes some of the most
sophisticated and forward-thinking participants in today’s global
markets," said Thomas F. Callahan, Chief Executive Officer, NYSE Liffe
U.S. "The addition of a world-class partner like DRW to this group will
only accelerate our efforts to deliver a vibrant, liquid U.S. futures
exchange."

"Citadel Securities is committed to innovation as a means to promote
open, fair and transparent markets. NYSE Euronext shares these
principles and we welcome the opportunity to become a founding partner
in this innovative new exchange," said Patrik Edsparr, Global CEO of
Citadel Securities.

Don Wilson, Founder and CEO of DRW Trading Group added, "DRW’s
partnership with NYSE Liffe U.S. is an exciting opportunity to
influence the evolution of the futures industry in this time of
unprecedented regulatory change."

"GETCO has a long-standing tradition of supporting competition and
efficiency across the spectrum of global capital markets. We look
forward to working with NYSE Euronext to build a world class U.S.
futures exchange," said Dave Babulak, Managing Director of GETCO.

Reinhardt Olsen, North American Head of Exchange Traded Derivatives of
UBS said, "In closing this agreement with NYSE Euronext, UBS clearly
shows our dedication to expanding our leadership presence in the listed
derivatives marketplace and our commitment to delivering more trading
options and better value to our customers."

NYSE Liffe U.S. is a fully electronic, liquid market for 100 oz. gold
futures, 5,000 oz. silver futures, options on gold and silver futures,
and mini-sized 33.2 oz. gold and 1,000 oz. silver futures as well as
equity index futures based on MSCI Emerging Markets, MSCI EAFE, and
MSCI USA indices. NYSE Liffe U.S. has plans to further expand into
futures on other asset classes, including U.S. interest rate products.

The Options Clearing Corporation (OCC) acts as clearing house for NYSE
Liffe U.S. futures on precious metals, MSCI index futures, as well as
all ETF options and index options trading on NYSE Arca, creating the
opportunity for unique margin efficiencies for NYSE Euronext customers.
NYSE Liffe U.S. intends to clear its U.S. interest rate futures at New
York Portfolio Clearing, its innovative joint venture with DTCC
designed to offer significant transparency and capital relief to major
market participants by offering ‘single pot’ margining of cash bonds
and interest rate derivatives, subject to regulatory approvals.

 


 

While
NYSE Liffe U.S. will continue to operate under the supervision of a
separate BoD, chaired by James J. McNulty, GATA might wanna hire Det. Jimmy McNulty from The Wire to search for all the dead bodies hidden within the crooked gold and silver futures markets.  Avon Barksdale, Marlo and Omar
themselves would each be proud of this gold-cabal's ability to hide the
monstrous carnage that lays in its wake; the remnant souls of fallen
soldiers soil the soles of this cabal like broken vials beneath Bubbles' shoes.  David Simon himself couldn't write a seedier script of flagrant fraud and regulatory remiss.

 


 

Gold Futures (GC) ~ Daily

 

Gold Futures (GC) ~ Daily 

 

Silver Futures (SI) ~ Daily

 

 Silver Futures (SI) ~ Daily

 


 

 

" This game is rigged, man "


 

 

" We fight on that lie "


 


 

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