Sign up for free newsletter

 

The Commodity Futures Trading Commission has issued a notice of non-approval of a rule amendment submitted by the Options Clearing Corporation. 

The OCC rule amendment would have treated foreign currency contracts where the exercise price is fixed at a nominal amount, such as one cent, as securities options, provided that the CFTC took the position that such contracts may be traded and cleared as such. 

The CFTC found that the contracts are the economic and functional equivalents of foreign currency futures contracts and are not bona fide options.


Subscribe to free daily newsletter
latestjobs
Equity Index Trading – New York City

Fri, 17 Apr 2015 00:00:00 GMT

Senior C#/Angular JS Web Developer 200-300K

Fri, 17 Apr 2015 00:00:00 GMT

SQL Developer

Fri, 17 Apr 2015 00:00:00 GMT

events
2 days 23 hours from now - _
3 days 23 hours from now - Boston
specialreports