SEF registration rule to slow multi-dealer trading.

According to Traders Magazine, SEF registration rules may hinder movement towards multi-dealer platforms by forex traders. The SEF registration rule, instituted by the US’s Commodity Futures Trading Commission requires all multi-dealer platforms to register as swap execution facilities. This may slow the...

With Lights off in the CFTC, Many Traders Are Left In the Dark

According to the Wall Street Journal, the government shutdown may lead to timid commodities and foreign exchange markets.                 With the shutdown causing the furlough of all but 28 of the more than 600 employees within the Commodity Futures Trading Commission (CFTC), the Commission...

Obama Puts Pressure on Regulators to Push Dodd-Frank

President Barack Obama met with Wall St regulators on Monday, August 19th 2013 to discuss the progress made after the 2010 passing of the Dodd-Frank Act. According to The Wall Street Journal, Obama is urging key regulators to implement many sections of the Act in order to avoid any situation similar to the...

Regulatory Giants Discuss Disaster Recovery Relief in Regards to Sandy

Hurricane Sandy took a physical toll on New York City, but a joint meeting of the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), and the Commodity Futures Trading Commission (CFTC) on the topic of disaster recovery, proved that it’s not just physical damage...

Gensler: CFTC Faces Challenges Implementing Volcker Rule

On Tuesday July 30th, Gary Gensler, Chairman of the Commodity Futures Trading Commission (CFTC), testified before US Senate Committee that one of the largest issues the CFTC will confront in the coming years is the implementation of the Volcker Rule, which will prohibit all banks from doing proprietary...

Regulatory Adjustment to New CFTC Ruling on Cross-Border Swaps

The impacts of the Commodities Futures Trading Commission’s (CFTC) response to cross-border swaps are yet unknown. With a 75 day period of guidance in addition to the implementation of the final ruling, this unprecedented move by the CFTC may deeply impact the market. On Friday, July 12th, the CFTC...

CFTC Vote On Cross-Border Swaps Set for Friday

After weeks of speculation, it looks like the Commodity Futures Trading Commission (CFTC) will conclude a foreign regulatory issue this Friday, July 12th. The vote will regard how domestic regulations on swaps apply to foreign firms wishing to do business with those in the United States. The regulations have...

Elizabeth Warren Chides Commissioners Slowing Cross-Border Swap Regulations

With Gary Gensler’s term expired in April, 2013 and a re-appointment being as soon as July, Elizabeth Warren is decrying commissioners for what she sees as stalling regulation. Certain policies that the Commodity Futures Trading Commission has been working on include a deal with cross-border swaps. One of...

U.S. House Passes Bill To Loosen Federal Grip on FX Derivative Trading

The U.S. House has passed a bill that will loosen the federal government’s grip over the trading of foreign derivatives. The FX exemption was passed by a bipartisan group of lawmakers on a 301-124 vote. According to Bloomberg, supporters of the bill feel that this exemption is crucial to giving U.S. firms...

Japan Launches LNG Futures Contract

Japan plans to launch the world’s first futures contract for liquefied natural gas, also known as LNG. This marks the country’s latest step toward creating a global market for fuel. As the U.S. increases its exports of fuel, the global market demand for LNG —a chilled and exportable form of...
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