CME Group is seeking regulatory approval for new rules that will allow market participants to become "direct funding participants" of CME’s clearinghouse.
CONTINUE READINGTullett Prebon, an interdealer broker headquartered in London, acquired a long-term license of CME’s hybrid trading technology.
CONTINUE READINGThe U.S. Treasury Department's Financial Crimes Enforcement Network on July 19 issued frequently asked questions regarding recently adopted customer due diligence requirements for financial institutions.
CONTINUE READINGIn the face of falling trading volumes, the London Metal Exchange has cut certain trading fees by 44% and introduced several structural changes designed to lower customers’ trading costs.
CONTINUE READINGThe Commodity Futures Trading Commission's market risk advisory committee discussed several issues related to clearinghouse default management at a meeting on June 27.
CONTINUE READINGEuropean Commission President Jean Claude Juncker appointed Michel Barnier (pictured), a veteran French politician and the former head of EU financial services policy, as the chief negotiator for the EU as it works out the terms of the U.K.'s exit from the EU.
CONTINUE READINGThe Commodity Futures Trading Commission issued an order on Aug. 8 exempting Federal Reserve Banks from customer fund segregation requirements under sections 4d and 22 of the Commodity Exchange Act.
CONTINUE READINGMembers of Congress from both sides of the aisle are questioning a proposal from the Commodity Futures Trading Commission that would give the agency the ability to get access to the computer code that underpins automated trading systems.
CONTINUE READINGThe Commodity Futures Trading Commission issued a staff letter on July 21 that provides detailed guidance on the issues that clearinghouses should take into account as they develop their recovery plans and wind-down plans.
CONTINUE READINGEurex plans to roll out two upgrades of its T7 trading platform next year, starting with version 5.0 in June and version 6.0 in December.
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