SEF Rules Approval Leads to Early December Projection for Transacting all Standardized Swaps on SEFs

With the CFTC’s approval of the SEF rules last Thursday, swap users and would-be SEFs are targeting early December as the time when all swap users will be transacting standardized swaps on SEFs. According to Reuters, the exact date is still a moving target until the CFTC publishes the rules in the...

CFTC Approves SEF Rules and Swaps Block Rule

On Thursday the CFTC approved the Swaps Block Rule, the Made Available to Trade Rule, the SEF rules, and the Interpretive Guidance and Policy Statement on Disruptive Practices.The Swaps Block Rule and the Made Available to trade rule were passed 3-2, the SEF rules were passed 4-1 and the Interpretive...

CFTC Approves Trade Execution Rules

At 10:00 a.m. on Thursday, the CFTC held an open meeting to consider trade execution rules and interpretive guidance regarding anti-disruptive trading practices authority. The final rules being that were voted on included: Procedures to Establish Appropriate Minimum Block Sizes for Large Notional...

CFTC to Propose New Rule on Position Limits by June

The Commodity Futures Trading Commission (CFTC) intends to will reveal it’s new rule on speculative positions limits within the next six weeks. The news comes after the agency’s previous attempt to have the rule passed was rejected in a September 2012 court ruling. The original rule approved by the CFTC...

CFTC May Make Changes to Proposed Dodd-Frank Rule Regarding FCMs

The Commodity Futures Trading Commission (CFTC) is considering making adjustments to the Enhancing Protections Afforded Customers and Customer Funds Held by Futures Commission Merchants and Derivatives Clearing Organizations proposed rule. According to CNBC, it is still unclear what changes the CFTC will...

CFTC Considering Lower Price Quote Requirement for Dodd-Frank Swap Rule

The Commodity Futures Trading Commission (CFTC) is reportedly contemplating lowering the number of price quotes a buyer is required to request before trading swaps. According to Bloomberg News, three people briefed on the matter, who requested anonymity because the rule is still under consideration,...

CFTC Provides Foreign Exchange Prime Brokers Relief

The Commodity Futures Trading Commission (CFTC) gave last-minute relief to Foreign Exchange prime brokers after listening to complaints that the market could be threatened by new business conduct rules. According to Risk.net, the CFTC exempted the prime brokers from certain external business conduct rules...

CFTC Finalizes Rule on Persons Associated with Swap Dealers

The Commodity Futures Trading Commission (CFTC) announced today their plan to finalize regulations to clarify rules concerning persons associated with swap dealers. The final rule, announced today, states that each swap dealer, major swap participant, and other Commission registrants with whom an associated...

EU Transaction Tax Would Hurt Economies, Says ICAP

A proposed financial EU transaction tax would damage the region’s economies, says ICAP, one of the world’s largest inter-bank brokers. Reuters reports that the new rules would raise funding costs for governments and companies, and would necessitate financial activity to move outside of the tax...

SEC Approves Using Facebook and Twitter to Alert Investors

The Securities and Exchange Commission (SEC) stated on Tuesday that public postings on sites such as Facebook and Twitter are now allowed to communicate company announcements. The SEC added that updates posted on social media are just as good as news releases and company websites — given that the companies...