FIA sent a letter urging the Department of Labor to extend the applicability date of the Fiduciary Rule by 60 days and noted that a longer extension would be appropriate.
CONTINUE READINGEvery day the Commodity Futures Trading Commission monitors some 300 million data records covering a range of market information such as time and sales transactions, futures and swaps positions, intraday trades and swap events.
CONTINUE READINGThe Treasury options market, on the other hand, has moved much more slowly to adopt screen trading.
CONTINUE READINGOn June 24, the House of Representatives passed H.R. 4413, the Customer Protection and End User Relief Act, a bill to reauthorize the Commodity Futures Trading Commission through September 2018 and modify certain authorities of the CFTC within the Commodity Exchange Act
CONTINUE READINGThe last time we looked at the annual volume data, the numbers were stunningly negative. In 2012, the total number of futures and options traded globally fell by 15.3%, the biggest annual decline in more than a decade.
CONTINUE READINGThe Financial Stability Board, which was established by the Group of 20 leaders to coordinate the post-crisis financial reforms, reappointed Mark Carney for a second three-year term as chairman.
CONTINUE READINGWhen the European Commission launched its proposals to reform MiFID in October 2011, part of the reason was to implement some of the key principles of the reform program set out by the G20 leaders in response to the global financial crisis.
CONTINUE READINGOn April 3 James Giddens, the bankruptcy trustee overseeing the liquidation of MF Global Inc., announced a final distribution of assets he expects will fully satisfy all claims of former MF Global customers.
CONTINUE READINGSeveral exchanges are preparing to launch an array of swap futures in the coming months aimed at participants in the European swaps markets.
CONTINUE READINGThe approach to mandatory clearing of over-the-counter derivatives in Europe has not mirrored the swifter, more structured approach seen in the U.S., where the Dodd- Frank Act resulted in the start of mandatory clearing from early 2013.
CONTINUE READING