News Centre

Statement Of CFTC Commissioner Sharon Y. Bowen Regarding Regulation Of Residual Interest

Date 03/03/2016

Thank you. It’s good to be here this morning to discuss our regulation governing residual interest. Along with the rest of my colleagues, I’m eager to hear the assembled experts discuss the substance of this rule. First though, I wanted to make a few opening remarks to remind us all of how we got to this point. In late 2013, following the collapse of notable FCMs due to inadequate funds, the CFTC promulgated new regulations that were aimed at increasing customer protection requirements on FCMs. One of the regulations in that package required that “an FCM had to maintain their own capital . . . in customer segregated accounts in an amount equal to or greater than its customers’ aggregate under-margined amounts.”1 In other words, we were requiring that FCMs had adequate money to cover customers if they had insufficient money in their own accounts. This reserve money is what we call residual interest, and it is a key protection for consumers. Absent this requirement, there is increased danger that an FCM will not be able to cover customers’ margin in the moment, and FCMs and their customers will be at risk of more FCMs failing unexpectedly. The fact that this is a protection for consumers and investors should remain in the front and back of our minds at this discussion.

Euronext Announces Volumes For February 2016

Date 03/03/2016

Euronext, the leading exchange in the Eurozone, today announced trading volumes for February 2016.

DGCX Attracts Wider Regional Participation In February 2016

Date 03/03/2016

• Gold trading volumes soars by 52% from January 2016
• WTI Crude Oil recorded a 130% rise in average Open Interest over February 2016  
• Single Stocks Futures registers strong participant interest with 80% volume increase 

Misys Launches New SA-CCR Module On Misys FusionRisk To Assist Banks Achieve Basel-Compliant Derivatives Counterparty Standards - Misys Packaged Solution Will Help Banks Comply With Basel Committee’s SA-CCR, The Standard Approach For Counterparty Credit Risk (BCBS 279)

Date 03/03/2016

Misys, the leading financial software company, announced today that it has launched a new packaged solution to help banks comply with the Basel Committee’s Standardised Approach for Counterparty Credit Risk (SA-CCR).

ICAP Electronic Markets Volumes – February 2016

Date 03/03/2016

ICAP Electronic Markets Volumes – February 2016

Japan Exchange Group: Change To The JPX-Nikkei Index 400

Date 03/03/2016

Japan Exchange Group, Inc., Tokyo Stock Exchange, Inc. and Nikkei Inc. will make the following change to the JPX-Nikkei Index 400 constituent in accordance with the constituent selection rule.

Hedgeweek Names Broadridge Investment Management Solutions Best Risk Management Software Firm

Date 03/03/2016

Broadridge Financial Solutions, Inc. (NYSE: BR) was awarded "Best Risk Management Software Firm" at the Hedgeweek Global Awards 2016, which are voted on by industry participants and recognize excellence among hedge fund managers and global service providers.

Tradesignal Becomes A Trayport Certified Software Provider

Date 03/03/2016

Trayport, a leading provider of energy trading solutions to traders, brokers and exchanges worldwide, announced today Tradesignal GmbH has successfully been accredited as a Trayport Certified Software Provider (CSP).

Moscow Exchange: Repo With The CCP Hit Record Trading Volume In February

Date 03/03/2016

The Moscow Exchange Money Market hit record trading volume of repo transactions with the central counterparty in February.

BCV Differentiates Its e-FX Offering With smartTrade Technologies

Date 03/03/2016

smartTrade Technologies, a multi-asset electronic trading solutions pioneer, announces today that Banque Cantonale Vaudoise (BCV), a Swiss cantonal bank, has released a new hosted FX solution to trade Spot, Forward, Swaps and Precious Metals based on smartTrade’sLiquidityFX.