The CFTC’s Division of Swap Dealer and Intermediary Oversight responded to a letter from the Futures Industry Association (FIA) requesting guidance for Commodity Trading Advisor (CTAs) registration requirements. The Division stated in a staff letter that commodity trading advice conducted “solely incidental” to a profession, or “solely in connection with” business is not subject to […]
The CFTC released a statement of three regulated US Exchanges, CME, CFE, and Cantor self-certified new contract for Bitcoin futures and products. On Friday December 1st, the CFTC announced that the world’s largest futures exchange, the Chicago Mercantile Exchange (CME) completed self-certification with the Commission to launch Bitcoin futures contract on December 18. Futures contracts […]
According to Bloomberg, the EU’s antitrust probe will see delays now that the banks involved with the case have successfully fought for the ability to see the confidential information the Commission has gathered on the banks. The information is vital to fighting the antitrust complaint that was filed by the EU back in July. This […]
Also in his testimony, Gensler cited the recent progress made with cross-border swaps regulation in addition to registration of securities as positive steps forward in the CFTC’s aim to create transparency in the futures industry.
The Federal Reserve announced that they will be reviewing their rulings regarding Banks trading commodities after receiving complaints.
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 implementation of the final ruling, this unprecedented move by the CFTC may deeply impact the derivatives market.
The European Commission and the CFTC have many advantages of developing cross-border regulations together. In light of this demonstration of international cooperation, some have hopes that the G20 promise to promote transparency in over-the-counter derivatives trading will become more of a focal point in regulation.
On Monday, the Basel Committee released a discussion paper dealing with the simplicity of the regulatory systems, leading some to take it as a sign that the committee may advocate simpler regulations in the future.
Gary Gensler, Chairman of the CFTC, told members of the Senate Appropriations committee that the CFTC would let the extension expire and continue reformation. He also mentioned that swap participants, including big banks, would comply with the regulations. An exemption from cross-border swap regulation is set to expire on June 12th, meaning firms participating in swaps would have to finalize compliance by that date.
Today, the CFTC announced today that swap dealers, major swap participants, and private funds active in the swaps market, are required to begin clearing certain index credit default swaps (CDS) and interest rate swaps that they entered into on, or after March 11, 2013.
FinanceFeeds - FinanceFeeds met with Mr Chesterman to look at his perspective on his new role and his vision for the FX industry's future from a prime of prime point of view. The post FinanceFeeds speaks with Mark Chesterman on his prime of prime vision appeared first on FinanceFeeds. […]
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Statement of FIA President and CEO Walt Lukken on the unanimous vote of House Financial Services Committee in passing H.R. 5749, the "Options Market Stability Act." “FIA thanks Reps....On June 14, the Futures Industry Association and the Commodity Markets Council submitted a petition asking the Commodity Futures Trading Commission to amend the Ownership and Control Reports Rule...Cryptocurrency futures made their debut in the U.S. at the end of 2017. What are the prospects for similar products to be launch in Europe? What is the appetite among retail and institutional...While transitional arrangements look set to avoid a cliff-edge impact, Brexit will change the landscape for listed derivatives in Europe. Moderator: Simon Puleston Jones...FIA today released survey results that provide a high level snapshot into clearing brokers’ progress with their Brexit contingency plans, the issues they face when structuring and executing such...FIA offered comments to the European Central Bank on June 5 regarding the draft cyber resilience oversight expectations for financial market infrastructures. In the comments, FIA urged the... On 4 June, FIA submitted comments to the China Securities Regulatory Commission (CSRC) on its proposal to increase foreign investment limits for Chinese futures companies. The CSRC... (RSS generated with FetchRss) […]
FinanceFeeds - The deadline for comments is July 2, 2018, whereas the expected decision date is August 13, 2018. The post UK competition regulator invites comments on ION-Fidessa deal appeared first on FinanceFeeds. […]
FinanceFeeds - Pushy representatives of binary options brokers approach potential clients via phone, which adds to aggressive social media marketing campaigns of binaries. The post Despite ban, binary options brokers continue to target Quebec investors appeared first on FinanceFeeds. […]
FinanceFeeds - The move is targeted at newbies who are looking for a way to open a new account with the broker. The post TradeStation enables account opening directly from mobile app for Android devices appeared first on FinanceFeeds. […]
FinanceFeeds - The exchanges are said to have attracted HFT firms by providing them with special products and services that allowed them to position their trades to the detriment of other market participants. The post Major exchanges face accusations of entry into Faustian bargain with HFT firms appeared first on FinanceFeeds. […]
Press Release on the pre-release of two special chapters of the Annual Economic Report of the BIS, 17 June 2018. Trust is the missing link in today's cryptocurrencies - Cryptocurrencies' model of generating trust limits their potential to replace conventional money, the Bank for International Settlements (BIS) writes in its Annual Economic Report (AER), a new title launched this year. […]
FinanceFeeds - FXCM UK remained loss-making in 2017, with retail trade volume and client cash down. The post FXCM UK sees $102m drop in client funds in 2017, sells stake in Salex for €1 appeared first on FinanceFeeds. […]
FinanceFeeds - The redesigned and enhanced IG Community went live today, offering a fresh design, greater functionality and new content areas. The post IG Group presents upgraded IG Community forum appeared first on FinanceFeeds. […]
FinanceFeeds - The new rules, which become effective on June 30, 2018, apply to all algorithmic trading activities of a firm including in respect of unregulated financial instruments such as spot foreign exchange (FX). The post UK Prudential Regulation Authority clarifies policy on algorithmic trading appeared first on FinanceFeeds. […]
FinanceFeeds - Jiongsheng (“Jim”) Zhao is currently in police custody in Australia, and is still awaiting extradition to the United States, so the CFTC asks for a brief stay of the civil proceedings against him. The post Extradition procedure weighs on CFTC action against Australian trader accused of spoofing appeared first on FinanceFeeds. […]
FinanceFeeds - GAIN rejects allegations by TIBCO about unauthorized use of its software and files counterclaims about fraud in the inducement and negligent misrepresentation. The post GAIN Capital responds to TIBCO Software’s $22m claim for alleged software over-deployment appeared first on FinanceFeeds. […]
Basel Committee issues capital treatment for simple, transparent and comparable short-term securitisations, 14 May 2018 […]
BCBS and IOSCO issue criteria for identifying simple, transparent and comparable short-term securitisations, 14 May 2018 […]
FINRA is re-issuing this alert to remind investors about the key elements of their brokerage account statements and trade confirmations and to provide tips that can help avoid problems. […]
BIS Statement of commitment to the FX Global Cod […]
CPMI Press Release "Central banks urge industry wide take-up of strategy to improve wholesale payments security", 8 May 2018. […]
BIS Press Release "Jens Weidmann to continue as Chair of the BIS Board", 8 May 2018. […]
Press release about CPMI and IOSCO issuing a report on Implementation monitoring of PFMI: follow-up Level 3 assessment of CCPs recovery planning, coverage of financial resources and liquidity stress testing, 3 May 2018. […]
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