In a highly mobile, global market, it comes as little surprise that traders will seek to avoid the burden of dealing with new rules, if ...
The increase in electronic, and particularly automated, trading has changed what we do, and how we do it. Let me say at the outset that ...
The purpose of MRAC is to provide the Commission with market intelligence and recommendations from industry about market risk and market structure issues. Our first ...
The CFTC’s contribution to this liquidity depleting mixture includes its flawed swaps trading rules, about which I have written extensively, the double-charging of margin on ...
Another threat to FCM survival comes from burdensome new regulations. The collapse of MF Global and Peregrine Financial prompted a series of new customer protection ...
Issues of the effect of regulation on cost and liquidity are complex subjects, beyond what I can cover today. I will just note that when ...
The commission faces one key obstacle standing in the way of such a surveillance program: insufficient resources. The commission’s needs relate to both technology as ...
The Order finds that certain FX traders at Barclays and other banks coordinated their trading or indicative rate submissions to attempt to manipulate certain FX ...
As the Order sets forth, a Barclays interest rate options trader once referred in an email to the risk that “sometimes isdafix is manipulated.” In ...
The relief specified in (2) and (3) above is, in each case, subject to the following conditions: (i) The SD or MSP is either a ...