MarketVoice News
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Better Data
The Commodity Futures Trading Commission's Division of Market Oversight on July 10 launched a comprehensive review of its swap data reporting regulations and invited input from entities involved in swaps reporting. The CFTC said the review has two goals: 1) to ensure that the CFTC receives accurate, complete and highquality data on swaps transactions for its regulatory oversight role; and 2) to streamline reporting, reduce the messages that must be reported, and "right-size" the number of data elements that are reported. The CFTC also provided a "roadmap" for the review process. The first tranche of rule changes will address swap data repository operations and the confirmation of data accuracy by swap counterparties. The second tranche will address reporting workflows generally, including standardization of data fields and potential delayed reporting deadlines.
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Swap Trading
Tim Massad, chairman of the Commodity Futures Trading Commission, gave several speeches in April on the need to adjust the CFTC's rules for swap execution facilities
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Sponsored Content
Cyber Guidelines
The World Federation of Exchanges, which represents more than 200 exchanges, clearinghouses and other market infrastructure operators, published a set of cyber-resilience standards in April.
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Cloud Over London
On May 4, the European Commission issued a policy statement discussing its plans to issue legislative proposals by the end of June to address “important and emerging challenges” in derivatives clearing.
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Bits to Barrels
Trafigura, the global commodity trading house, is experimenting with a distributed ledger system for processing trades in crude oil.
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FIA and FIA PTG decry CFTC’S prescriptive approach
On May 1, FIA and the FIA Principal Traders Group submitted a joint comment letter opposing overly prescriptive regulation of automated trading.
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Build Your Own Algo
Two fintech startups, QuantConnect and Quantopian, have extended their trading solutions into the futures markets, providing users with easy-to-access tools to build their own automated futures trading strategies.
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Trump Nomination
On May 2, the Senate confirmed the nomination of Jay Clayton to serve as chairman of the Securities and Exchange Commission.
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Testing Blockchain
Euroclear, one of the world's leading settlement houses, is pressing ahead with plans to introduce blockchain-backed gold products, with the goal of delivering reduced counterparty risk, lower capital requirements and increased operational efficiencies.
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Testing Blockchain
Euroclear, one of the world's leading settlement houses, is pressing ahead with plans to introduce blockchain-backed gold products, with the goal of delivering reduced counterparty risk, lower capital requirements and increased operational efficiencies.
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