In a response to a request by the CFTC’s Technology Advisory Committee for comment on how best to develop a 21st century surveillance system, the Financial Industry Association (FIA) and the FIA Principal Traders Group submitted a comment letter this week setting forth five core principles for modernizing market surveillance.
Maxine Waters, ranking member of the House Financial Services Committee, urged the CFTC this week to begin investigating the offshore actions of Wall Street banks in avoiding certain mandates set forth in the Dodd-Frank Act.
Under the European Parliament Economic and Monetary Affairs Committee’s revised European benchmark legislation, EU based institutions will be forbidden from holding any products linked to unauthorized benchmarks.
According to Bloomberg, the Commodity Futures Trading Commission (CFTC) is set to push interest-rate and credit swaps onto SEFs in the near future. While the CFTC is currently reviewing the plans, they haven’t found any reason to object to them as of yet. And with the first of these new requirements being instituted on January 16th, […]
ccupy Wall Street is back, and this time their target is high frequency trading. On the second anniversary of the Occupy Wall Street movement, protesters will be gathering in New York City to demand Congress pass the “Robin Hood Tax.”
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 that companies are worried about.
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.
FinanceFeeds - HSBC Securities, Nomura Securities and RBC Capital Markets are among the 15 defendants to have the case against them dismissed. The post Plaintiffs in market manipulation case dismiss claims against 15 Primary Dealers of US Treasuries appeared first on FinanceFeeds. […]
FinanceFeeds - More than three years after the events from January 15, 2015, the joint special administrators of the broker say they will apply to Court to seek closure of the Special Administration. The post Alpari (UK) set to exit administration in March 2018 appeared first on FinanceFeeds. […]
CPMI press release about release of report on Cross-border retail payments, 16 February 2018. […]
FinanceFeeds - Another example of the interest in combining Chicago's exchanges with retail brokerage emerged today as DEGIRO partners with CME Group to provide education on futures trading to retail customers, meaning another step toward the onboarding of OTC orientated European retail customers. The post Connecting retail platforms to Chicago’s exchanges continues to gather pace – Now is the time to go multi asset appeared first on FinanceFeeds. […]
FINRA is issuing this Alert to warn investors that scammers are posing as regulators to separate you from your money. We want you to know that neither FINRA, nor any of its executives, will ever provide a "guarantee" on an investment or offer to facilitate your participation in any sort of money-making scheme. […]
FinanceFeeds - South Africa's fine and astute FX market is no longer hampered by capital controls and socialist politics. Now is the time for brokerages to approach its first class Tier 1 banks, its massive and well connected IB network, and continue the path originally formed by pioneering FX brokerages as Cyril Ramaphosa lays down the business friendly future of the Rainbow Nation The post South Africa is open for business. As Cyril Ramaphosa steps up, the nation’s longstanding FX prowess can now be unleashed appeared first on FinanceFeeds. […]
FinanceFeeds - BNY Mellon may not be among the very top FX prime brokerages in terms of global market share, however its recent foray into South Korea by opening a trading room in Seoul is symbolic of its APAC aspirations. The bank is clearly not just looking to provide Won liquidity to a local market, but instead is using South Korea as an APAC springboard for global FX order flow at Tier 1 level The post BNY Mellon spearheads South Korean FX prime brokerage emergence as international aspirations loom appeared first on FinanceFeeds. […]
FinanceFeeds - At age 93 and with seventy years of very successful investing and wealth management under his belt, who is right? Mr Munger, or the fly by nights in Israel and Cyprus? The post “Bitcoin is a noxious poison” says Warren Buffett’s right hand man appeared first on FinanceFeeds. […]
FinanceFeeds - Now is an opportune time for the island of Cyprus. Whilst CySec's interest is to keep as many small FX firms in business and has encouraged binary options which has led to the spread of ICOs, the central government is looking toward moving the bucket shops out and moving the hedge funds and family offices in. Here is a great opportunity for the institutional FX sector The post Cyprus government at odds with CySec: Whilst regulator protects small FX firms, hedge funds are the priority from Nicosia appeared first on FinanceFeeds. […]
In a new letter and testimony submitted to the House Financial Service Committee, FIA continues to advocate for U.S. Congress to address the unintended consequences of post-crisis financial... Washington DC - FIA today released the following statement in response to the announcement by three Indian exchanges that they will impose restrictions on the licensing of indices and market data...On Jan. 31, the Commodity Futures Trading Commission's Market Risk Advisory Committee held a day-long meeting to discuss the self-certification process used by Cboe Futures Exchange and CME Group...Opening Statement of Ed Pla, Global Co-Head of Clearing and Execution for UBS, to the Market Risk Advisory Committee of the Commodity Futures Trading CommissionOn 23 January, FIA and ISDA (the Associations) submitted feedback on the European Commission’s (Commission) published Draft Implementing Regulation on the operations of the European Supervisory...Each month, FIA collects data on the volume of futures and options contracts traded on exchanges around the globe as well as open interest outstanding at the end of the month. This infographic... (RSS generated with FetchRss) […]
FinanceFeeds - The police have found that a 32-year old man ran a hyip and a cryptocurrency mining fraudulent scheme. The post Russian police investigate fraud case related to cryptocurrency mining appeared first on FinanceFeeds. […]
FinanceFeeds - The SFC’s disciplinary action follows two market disruption incidents in 2015 and 2016, revealing deficiencies in Interactive Brokers' electronic and algorithmic trading systems. The post Hong Kong regulator fines Interactive Brokers over deficiencies in electronic and algorithmic trading systems appeared first on FinanceFeeds. […]
FinanceFeeds - Plus500 states that cryptocurrency CFD trading only accounted for 15% of all revenues, yet user acquisition cost was massively reduced by being able to target cryptocurrency web traffic en masse. Either it's popular, or it's not. The proof is in analyzing the figures - so that's what we have done The post Plus500’s results disguise grave reality of cryptocurrency insecurity appeared first on FinanceFeeds. […]
Press Release about BIS and IMF to work more closely together to help strengthen financial supervisory skills around the world (9 February 2018) […]
Press release about BIS's Financial Stability Institute and the International Association of Deposit Insurers host eighth conference on bank resolution, crisis management and deposit insurance, 9 February 2018. […]
Press Release about BIS General Manager Agustín Carstens giving a speech on "Money in the digital age: what role for central banks?" (6 February 2018) […]
FSI press release, 26 January 2018 […]
A Working Group established by the Committee on the Global Financial System and chaired by Claudia Buch (Deutsche Bundesbank) and B Gerard Dages (Federal Reserve Bank of New York) publishes a report on "Structural changes in banking after the crisis". […]
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FINRA is re-issuing this alert because we are concerned that many investors may underestimate the risks of trading on margin and misunderstand the operation of, and reason for, margin calls. […]