The idea of self-regulation makes for a good soundbite, but the practicality of the matter leaves much to be desired.
Self-regulatory organizations can’t tap into company profits like banks, nor can they rely on taxpayer funding like government regulators. Still, using only membership dues, they must carry out their registration and surveillance functions of national…
Chris Hehymer, chairman of the board of the National Futures Association comments on his afternoon keynote speech and subsequent panel discussion at Inside Market Data Chicago
The National Futures Association (NFA) has announced that TeraExchange has signed a pre-launch regulatory services agreement (RSA) with the industry body as part of its application to become a swap execution facility (SEF).
Agreement includes technology standards to meet self-regulatory obligations.
The agreement is another signal of inter-dealer brokers preparing for final CFTC rules governing SEFs.
Formed in response to MF Global's loss of customer funds, the committee makes four new recommendations regarding proper segregation.