Fidessa Spins Up Compliance-Advisory Service

One market’s regulatory changes typically causes knock-on effects in other markets, just as events in the the futures market affected the equitiesmarkets during the May 2010 ‘flash crash’. So when the U.S. Commodity Futures Trading Commission late last year voted 3-0 to propose Regulation Automated Trader, market participants outside the futures space should pay heed, according […]

Why Elizabeth Warren Is on the Warpath This Week

One of the many ways that you can discern how unserious Washington is about strong oversight and enforcement of big business is through the spectacle of “advisory committees.” Many federal agencies rely on these assemblies of experts to review policies and formulate recommendations. But the committees can also become an enhanced form of lobbying, where […]

U.S. Futures Exchanges Disciplinary Actions Report: January 2016

To make our monthly futures exchange reports more concise and user-friendly, we have narrowed the scope to cover relevant enforcement actions and generally not to cover routine exchange issuances. Disciplinary Actions CME GROUP CME 13-9587-BC-3 Pre-Arranged Trades Violation of Rules 521 – Requirements for Open Outcry Trades (in part); 539 – Prearranged, Pre-negotiated and Noncompetitive Trades […]

Commodity Futures Trading Commission Proposes Cybersecurity Best Practices

On December 16, 2015, the Commodity Futures Trading Commission (“CFTC”) approved two proposed rules which would require regulated entities to conduct specific tests of their cybersecurity capabilities, remediate vulnerabilities, and institute board-level review of the testing results.[1] The CFTC safeguard proposals, which are substantively similar but focus on different regulated entities, would amend existing rules for […]

In other FinTech news, AQMetrics links up with the DTCC and SS&C embraces ‘straight through margining.’

CFTC Designates NFA as SDR Data Recipient The CFTC issued an order authorizing the National Futures Association (NFA) as “a designee to receive access to data maintained by swap data repositories (SDR),” officials say. The NFA is touted by the CFTC as the “only registered futures association (RFA)” actually registered with the commodities regulator. “As […]

The Center for Real Estate at Rutgers Business School Names Jeffrey Sica of Circle Squared Alternative Investments to its Advisory Board

Sica joins select group of renowned commercial and residential real estate professionals focused on advancing the course of the progressive academic center Newark, New Jersey, Feb. 10, 2016 (GLOBE NEWSWIRE) — The Center for Real Estate at Rutgers Business School, a rising academic program positioned to transform and inspire the next generation of real estate leaders, […]

EU and US strike derivatives regulation deal

Banks are set to breathe a sigh of relief after the EU and US struck a deal to close a gap in global markets regulation that was on the brink of fracturing the $553tn derivatives business. As Jim Brunsden and Philip Stafford report, the accord staves off the risk of massive disruption to swaths of […]

CFTC Chairman Offers No Timetable But Says Agency “Working Hard” on Position Limits; FCA Head Says Proposed European Position Limits Unnecessary

In a speech last week before the Commodity Markets Council, Timothy Massad, Chairman of the Commodity Futures Trading Commission, highlighted recent CFTC actions benefiting commercial end-users. These included adoption of a rule amendment that exempted commercial end-users that are members of exchanges from having to maintain pre-trade communications or text messages. Mr. Massad also noted […]

Financial technology: big data and greater expectations

In an age of big data, investors are making increasing demands on their managers, who are also faced with rising security and regulatory challenges, writes Vanessa Drucker It is easy to forget just how quickly information technology has become central both to corporate life and to life in general. It was only in the late 1970s […]