Market Structure archive
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CFTC grants FBOT registration to three foreign exchanges
The Commodity Futures Trading Commission issued registration orders to three overseas futures exchanges during the week of Jan. 23. The orders permit the three exchanges—Bursa Malaysia, Singapore Exchange and Tokyo Commodity Exchange—to provide futures brokers and trading firms in the U.S. with direct access to their trading platforms. The orders were the first issued by the CFTC since the rules for non-U.S. exchanges were amended by the Dodd-Frank Act. Under that law, overseas exchanges must register with the CFTC as “foreign boards of trade” in order to provide direct access to their trading platforms in the U.S. Previously this type of access was granted in the form of staff no-action letters. Approximately 20 exchanges that were operating under those letters were permitted to continue providing direct access but were required to apply for registration.
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Inter-jurisdictional Regulatory Recognition: Facilitating Economic Recovery and Regulatory Efficiency
Inter-jurisdictional Regulatory Recognition: Facilitating Economic Recovery and Regulatory Efficiency
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FIA Global responds to consultation on the liberalisation of Chinese domestic futures market
The China Securities Regulatory Commission conducted a public consultation on draft rules which allow foreign investors and brokers to trade and clear certain domestic Chinese futures contracts (initially crude oil futures).
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Inter-jurisdictional Regulatory Recognition: Facilitating Economic Recovery and Regulatory Efficiency
The EU-US Coalition on Financial Regulation has issued a report on Inter-jurisdictional Regulatory Recognition: Facilitating Economic Recovery and Regulatory Efficiency.
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News Briefs November 2014
FIA Global announced a new service that will provide information on clearinghouse rules worldwide and help market participants assess the risks of clearing.
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Chinese brokers expand abroad
Over the last 18 months, a number of major Chinese banks and securities firms have beefed up their presence in futures markets outside China.
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The Duck That Broke the Camel's Back: What SIFMA v. CFTC Means for U.S. Swaps Regulation
The cross-border application of Dodd-Frank is one of the thorniest issues now facing the Commodity Futures Trading Commission and the industry it regulates.
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Washington Watch November 2014
On Sept. 17, CFTC Chairman Tim Massad gave an update on the status of his talks with European regulators on the issue of clearinghouse recognition. Massad reaffirmed the CFTC’s view that “dual registration” is the right approach and said that the talks are now focused on avoiding conflicts and inconsistencies within that framework.
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President's Message November 2014
This November, all eyes in Washington are focused on the mid-term Congressional elections
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CFTC’s Massad “hopeful” on EU recognition of U.S. clearinghouses
On Sept. 17, CFTC Chairman Tim Massad gave an update on the status of his talks with European regulators on the issue of clearinghouse recognition.
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