Commodity Futures Trading Commission (CFTC)
License to Kill: The Complexity of Circuit Breakers
As regulators collaborate to review different concepts to protect the integrity of the US financial markets and reduce potential technology failures, Marina Daras looks at the technical challenges of implementing circuit breakers for brokers and…
Obama Chooses Massad for CFTC Chairmanship
The president today will nominate assistant treasury secretary Timothy Massad for the role soon to be vacated by incumbent Gary Gensler.
On SEFs, a Delay Seems Necessary
With next week's swap execution facility (SEF) compliance deadline looming, the industry is fighting hard to get the date moved back. When you consider the spate of IT glitches that have already hit Wall Street, Anthony agrees that a delay is necessary.
Citing Tech Concerns, Sifma Pushes Back on SEF Deadline
Sifma has sent out a final plea to regulators to push back next week's swap execution facility (SEF) registration and compliance deadline—largely because technology questions remain.
MarketAxess Gains Temporary SEF Status
Electronic trading platform operator MarketAxess has received temporary approval from the US Commodity Futures Trading Commission (CFTC) to operate as a Swap Execution Facility (SEF).
CFTC Casts Wide Net on Futures HFT Curbs—Will the Catch Prove Deadly?
Statements of concurrence from Commodity Futures Trading Commission (CFTC) commissioners Scott O'Malia and Bart Chilton, and support from chairman Gary Gensler, quickly followed the CFTC's concept release on proposals to reduce systemic risk by curbing…
Tullett Prebon Files SEF Application with CFTC
New York-based interdealer broker Tullett Prebon has announced it is applying to the US Commodity Futures Trading Commission (CFTC) to become a swap execution facility (SEF).
For Regulators, Data Engineers in Demand
Regulators in the US have had to significantly increase not only their IT hardware and software, but their staffing as well, to meet Dodd-Frank-related demands.
US Regulators' Technology Burden
The passage of the Dodd–Frank Act in the US, while necessary, has not just stressed many Wall Street firms’ IT budgets—it has also required a substantial investment on the parts of the US regulators. Anthony Malakian charts the progress that has been…
Integral Files SEF Application With CFTC
FX trading solutions provider Integral Development Corp has applied to the US Commodity Futures and Trading Commission (CFTC) to launch a Swap Execution Facility (SEF).
Don't Equate Canadian OTC Derivatives Reform With US Reform
Much of what regulator Aaron Unterman had to say at the Toronto Financial Information Summit about Canadian over-the-counter (OTC) derivatives reform would have sounded familiar to any American in the audience. Canada’s approach to reform largely mirrors…
Putting a Value on Collateral
With the European Market Infrastructure Regulation set to impose margining requirements on parties to over-the-counter derivatives trades, firms are examining their own policies for valuing their collateral, writes Nicholas Hamilton
HSBC CDO: "Reporting Regs Emphasize Need To Manage Data Throughout Lifecycle"
HSBC's Peter Serenita told delegates at the North American Financial Information Summit that firms need processes for managing data throughout the trade lifecycle in order to comply with the US Commodity Futures Trading Commission's new reporting…
TradingScreen Clears CFTC's FX Mid-Point Pricing Hurdle
The regulation, going into effect on May 1st, requires firms to display mid-point prices for foreign exchange (FX) pre-spot, forward outrights, non-deliverable forwards, and swap trades.
What Lies Beneath: An Examination of Risk on the Buy Side (Part 2)
In part two of his examination of risk on the buy side, Anthony Malakian looks at how the regulatory environment is changing the way risk is managed and reported on, and delves into the buy versus build trade-off for risk-related technology.
65,000 Entities Meet CICI Deadline As Self-Certification Continues
The Depository Trust and Clearing Corporation has issued identifiers to entities all over the world and continues to see others certify data that was submitted on their behalf by third parties
Sapient Connects CMRS Platform to DTCC
Sapient Global Markets has created a direct link between its compliance management and reporting system (CMRS) and the Depository Trust & Clearing Corp.'s (DTCC’s) Swap Data Repository (SDR).
Getting Ready To Meet The CICI Deadlines
Two important dates for adopting the US precursor to the legal entity identifier will soon be here. JP Morgan's Robin Doyle presents the steps firms need to take in response
SEF Infrastructure Unaffected by RFQ Rules Kerfuffle
A joint ISDA–Sifma poll shows near universal dislike for a CFTC proposal on SEFs, but it turns out the regulator has already changed its tune. In this respect, at least, SEFs are safe from a mass exodus.
Trans-Atlantic Regulatory Storms
Features in the upcoming March issue of Inside Reference Data identify continuing conflicts over identifier and tax regulations and standards, describing how these divert attention from data management improvement possibilities
Visions of a Corporate Genome Map
The CFTC interim identifier may not be enough of a spark, but other bright lights illuminate ways to map entities, says Wipro's Jennifer Ippoliti
James Rundle: That Golden Touch
The data jungle of modern trading may be confusing, says James, but the UK’s Financial Services Authority is certainly going out with a bang after slamming a complex market manipulation scheme, mirroring wider efforts among national cops to become tech…
Imagine Releases High-Volume Risk Management Solution
New York-based Imagine Software has unveiled a new offering that will allow firms to meet CFTC regulatory demands.