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March
The Commodity Futures Trading Commission has recommended that ICE Futures US should expand its regulatory oversight team after concluding that its compliance team was under “notable strain”.
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The European Commission will revise internet security guidelines following cyber attacks on the EU Emissions Trading System (EU ETS) registries in January.
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Xtrakter, the post trade reporting service, has gained the approval of the UK Financial Services Authority for regulatory reporting of exchange traded derivatives, using alternative instrument identifiers (AII).
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The Securities and Exchange Board of India has approved in principle the introduction of physically delivered equity derivatives.
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Francis Lim, chief executive officer and president of the Philippine Stock Exchange (PSE) stepped down on February 15 — two months earlier than scheduled.
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Two senior US Securities and Exchange Commission staff — Daniel Gallagher and Frederic Firestone — have left to join private law firms.
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The CFTC, which oversees most US futures and options, could receive an extra $93m, or 55% of its present annual budget of $168.8m, which would bring its total funding to $261m. The SEC, which regulates all derivatives linked to securities, could be given a budget of $1.13bn in 2011.
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Neal Wolkoff, chief executive of ELX Futures, has written to the Commodity Futures Trading Commission asking it to force CME Group to accept US Treasury futures trades opened at ELX.
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The Monetary Authority of Singapore has proposed that futures and options brokerages would have to ensure that retail customers have sufficient understanding of derivatives before they can execute transactions.
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February
Bankers support a global tax on banking? Next you’ll be saying turkeys are voting for Christmas. But that was the headline on Davos – and no wonder.
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The Chicago Board Options Exchange will delay the launch of its new C2 options exchange platform until the second half of the year, until the US Securities and Exchange Commission has completed its review of flash trading.
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The Commodity Futures Trading Commission’s long-awaited announcement on January 14 of a new policy on controlling energy speculation was greeted in the market with quiet relief and satisfaction.
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The Futures and Options Association formed a new advocacy body in January, the FOA European Industry Council, to lobby regulators and politicians.
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Singapore Mercantile Exchange, the fledgling commodities bourse, received in-principle regulatory clearance from the Singaporean markets regulator in early December. It hopes to begin trading in the first quarter. The bourse, which completed go-live testing in October, had hoped to launch before the end of 2009
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Intense work is going on towards a new edition of the ISDA standard definitions for OTC equity derivatives. Sapient's Nick Fry and Ed Osbaldestin urge the market to do better than the last time.