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Regulation

15:56 July 1st 2013 in Analysis, Regulation

CFTC Extends FXPB Relief

Colin Lambert reports as the US regulator accepts industry arguments over FX intermediaries. Following the issuance of a Time Limited No Action Letter aimed at absolving FX prime brokers from the need to report mirror trades, the US Commodity Futures ...
Colin Lambert reports as the CFTC offers a glimmer of respite to market participants. The May 1 deadline for reporting of trades and other rules was marked by the US Commodity Futures Trading Commission (CFTC) offering some relief to market participants ...

18:06 June 1st 2013 in Analysis, Regulation

CFTC Unveils SEF Rules

Colin Lambert reports as the US CFTC brings some much-needed clarity to derivatives markets. On May 16, the US Commodity Futures Trading Commission voted to enact three measures that completed, according to CFTC chair Gary Gensler, “all of the major building ...
The US Commodity Futures Trading Commission (CFTC) has won a court order freezing the assets of David Prescott, individually and doing business as Cambridge Currency Partners. The court’s order also prohibits the destruction of books and records and sets ...
The US Commodity Futures Trading Commission (CFTC) has ordered Greenwich, Connecticut-based Interactive Brokers (IB), to pay a $225,000 civil monetary penalty for failing to maintain sufficient funds in customer segregated accounts. IB is accused of failing to calculate the amount of ...
Money market funds are not subject to consistent supervisory and enforcement practices across the European Union, according to findings from the European Securities and Markets Authority (ESMA). In its latest peer review report, ESMA examined whether EU securities advisors correctly ...
The US Commodity Futures Trading Commission (CFTC) has charged New York- based 4X Solutions and its principle, Wileon Chay, with fraud and misappropriation for operating a foreign exchange Ponzi scheme which saw at least 19 participants conned out of $4.8 million. The ...

18:08 May 1st 2013 in Analysis, Regulation

Speed Wins: So Tax It

As European policymakers wrestle with plans to curb high frequency trading, Colin Lambert takes a look at a paper that suggests taxation, not speed limits, is the answer.  F-or all the opprobrium poured upon the heads of hedge fund managers ...

16:29 April 1st 2013 in Analysis, Regulation

CFTC to Weaken RFQ Rules?

A CFTC commissioner has offered hope for those seeking to dilute the proposed rules on competitive quotes. Confusion continues to reign in financial markets over the likely shape of SEF rules due to be announced by the US Commodity Futures ...
Alice Attwood reports as the National Futures Association continues to close loopholes following the PFG meltdown. The National Futures Association’s (NFA) board of directors has voted to accept the recommendations made by Berkeley Research Group (BRG) as part of ...