News Centre

Statement Of FIA President And CEO Walt Lukken On The CFTC's Cross-Border White Paper

Date 01/10/2018

FIA President and CEO Walt Lukken today made the following statement on the Cross-Border White Paper released today by CFTC Chairman Giancarlo:

“I applaud CFTC Chairman Chris Giancarlo’s effort to rethink the manner in which cross-border regulations are applied to the derivatives markets.  The derivatives industry is global in nature, so it is imperative that international regulators come together to design a coherent regulatory framework that recognizes this fact.  The deference model utilized by the futures markets has worked extraordinarily well over the thirty years of its existence, even during times of crisis.  FIA agrees that a similar recognition model would benefit the broader swaps industry without jeopardizing the safety and soundness of our marketplace.  FIA looks forward to providing input on the upcoming rulemakings that will implement these proposed approaches.

Remarks Of Daniel Gorfine Regarding DLT And The Next Generation Of Computing Infrastructure, Finovate, NYC

Date 01/10/2018

Good morning and thank you for the opportunity to kick off Day 4 at Finovate.  I am Chief Innovation Officer and Director of LabCFTC at the U.S. Commodity Futures Trading Commission (CFTC).  My remarks presented here reflect my own views and do not necessarily reflect the opinions or views of the Chairman, Commissioners, or the Commission.

SIFMA Statement On FINRA Announcement Of Exam And Monitoring Program Consolidation

Date 01/10/2018

SIFMA today released a statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, in response to an announcement by FINRA that it plans to consolidate its Examination and Risk Monitoring Programs:

“We commend FINRA’s decision to consolidate its Examination and Monitoring programs as part of the ongoing self-evaluation initiative, FINRA360. We are optimistic that, once fully implemented, this change will reduce inefficiencies and allow FINRA to more effectively deploy its resources and enhance the quality of its examinations.”

New York State Department Of Financial Services Superintendent Vullo Announces Next Phase Of Expanded Participation In State-Based NMLS Platform, Enhancing State Regulation Of The Financial Services Industry

Date 01/10/2018

Financial Services Superintendent Maria T. Vullo today announced that the Department of Financial Services (DFS) has taken another step to modernize its operations for non-depository institutions and will transition check casher and virtual currency business activity companies to the Nationwide Multistate Licensing System and Registry (NMLS) today, October 1, 2018.  The action marks the last phase of the DFS plan to manage the license application and ongoing regulation of all non-depository financial institutions doing business in New York through NMLS.  Licensed budget planners, sales finance agencies, money transmitter licensees and mortgage providers were previously transitioned to the NMLS platform.

SIFMA Statement On CFTC Cross Border Application White Paper

Date 01/10/2018

SIFMA today issued the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO on the release of a CFTC white paper examining the cross-border application of swaps regulations:

“SIFMA welcomes CFTC Chairman Giancarlo’s review of the cross-border application of swaps regulations, which is a critical component of the Title VII framework.  As we have previously expressed, SIFMA supports measured approaches to adjusting the existing cross-border framework in a manner which allows for domestically and globally consistent regulatory regimes, takes into account other jurisdictions’ enhanced regulation of their swaps markets relative to when the CFTC initially adopted its existing framework, and reverses market fragmentation by creating a level playing field for U.S. and non-U.S. firms.  We look forward to working with the Commission to identify appropriate opportunities for such measured adjustments consistent with G20 commitments.”

FINRA Announces Plan To Consolidate Examination And Risk Monitoring Programs

Date 01/10/2018

FINRA announced today that it plans to consolidate its Examination and Risk Monitoring Programs, integrating three separate programs into a single, unified program to drive more effective oversight and greater consistency, eliminate duplication and create a single point of accountability for the examination of firms. The effort is a result of FINRA360, the organization’s ongoing comprehensive self-evaluation and improvement initiative.

SIFMA Statement On New Trilateral Trade Deal

Date 01/10/2018

SIFMA released a statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, on the new trilateral trade deal announced today, the “United States-Mexico-Canada Agreement:”

“SIFMA welcomes the news that the United States, Canada and Mexico have reached agreement on a trilateral trade and investment deal to succeed NAFTA. SIFMA is reviewing the details closely with our members. For the first time ever in a trade and investment agreement, provisions prohibiting data localization and improving the free flow of data across borders, which are so important to many of our members’ businesses, is protected. We will continue to assess the text in coming days.”

MGEX Announces September Volume Statistics

Date 01/10/2018

MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), reports that the total exchange volume for September 2018 came in at 110,687 contracts.

ELITE USA Launches In The State Of Ohio

Date 01/10/2018

• ELITE USA launches today; State of Ohio is first state in the United States to offer ELITE programme
• ELITE and JobsOhio sign a collaboration agreement to accelerate growth of midmarket companies in Ohio, supported by local network of partners
• Business support and capital raising programme to support job creation and economic development in the state
• Demonstrates LSEG’s commitment to strengthening ties with the U.S. capital markets
• More than 900 companies have joined ELITE from 32 countries across 34 sectors

OCC Cleared Contract Volume Up 8.7 Percent In September - Total Cleared Volume Up 18.6 Percent Year-To-Date - Equity Options Volume Up 14.3 Percent In September And Up 21.7 Percent Year-To-Date - Securities Lending Activity Up 6.9 Percent In September And 17.0 Percent Year-To-Date

Date 01/10/2018

OCC, the world’s largest equity derivatives clearing organization, announced today that total cleared contract volume in September reached 365,152,938 contracts, up 8.7 percent compared to September 2017 volume of 335,867,813. OCC's year-to-date average daily cleared contract volume is up 18.6 percent with 20,209,877 contracts compared to 17,038,958 contracts in 2017.