The US Commodity Futures Trading Commission (CFTC) has approved the Final Rule on Margin Requirements for Uncleared Swaps for Swap Dealers and Major Swap Participants. The Commission voted 2 in favour and 1 opposed. The new regulation addresses margin requirements
NEX Markets, a NEX Group business which provides electronic trading technology services in the fixed income and foreign exchange (FX) markets, plans to adopt the FX Code of Conduct principles across its FX trading platforms. NEX Markets played an
By Lauren J Resnick (pictured) and Margaret E Hirce, BakerHostetler – With the increased regulatory focus on anti-money laundering (AML) enforcement, the Financial Crimes Enforcement Network (FinCEN) recently proposed rules that would require investment advisers, including certain hedge funds and
Market participants must recalibrate business and operational models if they are to accommodate and benefit from fundamental changes within wholesale funding markets, according to a new BNY Mellon research paper published in conjunction with PwC Financial Services. The newly released
The US Commodity Futures Trading Commission (CFTC) has approved the creation of LabCFTC, an initiative aimed at promoting responsible fintech innovation to improve the quality, resiliency and competitiveness of the markets the CFTC oversees. Located in New York LabCFTC
The US Commodity Futures Trading Commission (CFTC) has filed a notice of intent to revoke, suspend, or place restrictions on the registration of Steven A Cohen of Greenwich, Connecticut. The CFTC simultaneously issued an opinion and order accepting Cohen’s offer
US Federal prosecutors have charged San Francisco hedge fund manager Nicholas Mitsakos with fraud, alleging that he schemed to raise money for his fund by falsely representing past performance and overstating the value of assets under management. Preet Bharara, the
The US Commodity Futures Trading Commission (CFTC) is to publish proposed amendments to CFTC regulation 3.3 which would provide futures commission merchants, swap dealers, and major swap participants additional time to file chief compliance officer annual report. The proposed amendments
FIX Trading Community, the industry-driven standards body for global financial trading, has released new guidelines for the use of FIX in post-trade processing for multi-asset classes and a common post-trade framework. The FIX Global Post-Trade Working Group has been focusing its
Aequitas NEO Exchange has been designated a Qualified Foreign Exchange by OTC Markets Group, effective 29 March 2017. NEO-listed companies may now apply to qualify for trading on the OTCQX and OTCQB markets in the US. The OTCQX and
