The CSA and IIROC published a Joint Consultation Paper on Dark Pools, Dark Orders, and Other Developments in Market Structure in Canada.

The Joint Consultation Paper outlines the introduction of marketplaces that offer no pre-trade transparency (dark pools), the introduction of new order types, including those that have limited or no transparency (dark orders), the interaction of visible and dark orders on the same trading platform, and the...

The number of hedge funds managed by the SFC-licensed hedge fund managers increased

Hong Kong’s hedge fund industry has remained strong despite the global economic downturn, according to a survey report released by the SFC. The hedge funds invested mainly in Asia Pacific using equities long/short and...

CFTC ACTION: Cadent Financial Services LLC

Cadent failed to diligently supervise its APs to ensure that third-party funds were  not commingled with the funds already in an existing customer’s account. The CFTC order imposes a $120,000 civil monetary penalty on Cadent. The order also requires Cadent to strengthen its supervisory system for...

One day margin coverage on DME traded contracts proposed

NYMEX requests that the CFTC reduce margin calculation requirement to one day coverage on DME traded contracts.

CFTC ACTION: Texas firms charged in $8 Million Forex Fraud

The CFTC announced it obtained an emergency court order freezing assets held by defendants M25 Investments, Inc., M37 Investments, LLC, Scott P. Kear, Sr., Jeffrey L. Lyon, and David G. Seaman.The court’s order stems from a CFTC anti-fraud enforcement action filed on September 29, 2009, in the U.S....

Former CFTC commissioner David G. Gartner passes away at 74

Former CFTC commissioner David G. Gartner died Tuesday in Arlington, Va. Gartner worked for several members of Congress before joining the staff of then-Sen. Humphrey of Minnesota in 1961. He ultimately became Humphrey’s chief of staff. Gartner was later appointed a commissioner of the CFTC and named...

New National Registration Regime Implemented

National Instrument 31-103 Registration Requirements and Exemptions, and related rules and amendments, create a new Canada-wide registration regime. The new regime has higher proficiency standards for some registrants. It also has enhanced rules for consumer disclosure, referral arrangements, handling...

Gensler speaks on OTC Derivatives Regulation at European Commission

Excerpt: “To promote transparency and competition, central counterparties should be required to have fair and open access criteria. First, to promote competition among exchanges and trading plat- forms, clearinghouses should be required to take on OTC derivatives trades from any regulated exchange or...

NFA ACTION: ACM USA LLC

NFA issued a Complaint against ACM USA LLC, a registered FMC and former forex dealer member. The Complaint also named Edward George Anderson, the chief executive officer and an associated person of ACM and an NFA Associate, as a respondent. It alleged that ACM violated NFA Financial Requirements Section 1 by...

Gensler proposes position limits for energy market

From speech to the International Energy Agency in Paris: “There are three reasons why I believe that we should consider position limits in the energy markets. First, our statute mandates it. In 1936, the Congress said that the CFTC “shall” impose limits on trading and positions to guard against the...