News Centre

Statement Of CFTC Commissioner Christy Goldsmith Romero: Improving The Review Process For New Products And Rules - Proposed Amendments To Provisions Common To Registered Entities

Date 26/07/2023

Over the last few years, derivatives markets have had to react quickly to new technologies, new government policies, and new economic realities.  Exchanges have added many new products for futures in traditional commodity types.  For example, in 2023, exchanges listed new metals contracts for lithium and molybdenum to meet growing demand in response to the historic investment in and demand for electric vehicles and batteries.  And we have also seen entirely new product types proliferate.  Exchanges have listed new contracts that reference novel commodities, such as digital assets and voluntary carbon market credits.

ISDA - Transition To RFRs Review: First Half Of 2023 And The Second Quarter Of 2023

Date 26/07/2023

The Transition to Risk-free Rates (RFRs) Review analyzes the trading volumes of over-the-counter (OTC) and exchange-traded interest rate derivatives (IRD) that reference selected RFRs, including the Secured Overnight Financing Rate (SOFR), the Sterling Overnight Index Average (SONIA) and the Euro Short-Term Rate (€STR).

Statement Of CFTC Commissioner Christy Goldsmith Romero: Clearinghouse Reporting As A Cornerstone To Monitoring Risk And Promoting Financial Stability - Final Rule On Reporting And Information Requirements For Derivatives Clearing Organizations

Date 26/07/2023

Clearinghouses play an important public interest role—they are critical market infrastructure intended to foster financial stability, trust, and confidence in U.S. markets.  Dodd-Frank Act reforms increased central clearing, thereby increasing financial stability.  Those reforms also concentrated risk in clearinghouses.  With that concentrated risk, it is critical that the Commission maintain vigilance in its oversight over clearinghouses to identify and monitor risk and promote financial stability.  This is most important for the CFTC’s monitoring of systemic risk.

SEC Proposes New Requirements To Address Risks To Investors From Conflicts Of Interest Associated With The Use Of Predictive Data Analytics By Broker-Dealers And Investment Advisers

Date 26/07/2023

The Securities and Exchange Commission today proposed new rules that would require broker-dealers and investment advisers (collectively, “firms”) to take certain steps to address conflicts of interest associated with their use of predictive data analytics and similar technologies to interact with investors to prevent firms from placing their interests ahead of investors’ interests.

Opening Statement Of CFTC Commissioner Kristin N. Johnson - Open Meeting July 26, 2023 Of The Commodity Futures Trading Commission

Date 26/07/2023

Good morning.  Thank you, Chairman, Commissioners, Commission Staff, and everyone joining us in person and virtually.  Today, we will consider a final rule on Reporting and Information Requirements for Derivatives Clearing Organizations (DCOs), a proposed rule on Swap Confirmation Requirements for Swap Execution Facilities (SEFs), a proposed rule on Amendments to Provisions Common to Registered Entities, and a proposed rule on Margin Requirements for Uncleared Swaps for Swap Dealers and Major Swap Participants.

SEC Adopts Rules On Cybersecurity Risk Management, Strategy, Governance, And Incident Disclosure By Public Companies

Date 26/07/2023

The Securities and Exchange Commission today adopted rules requiring registrants to disclose material cybersecurity incidents they experience and to disclose on an annual basis material information regarding their cybersecurity risk management, strategy, and governance. The Commission also adopted rules requiring foreign private issuers to make comparable disclosures.

Statement On Public Company Cybersecurity Disclosures, SEC Chair Gary Gensler, July 26, 2023

Date 26/07/2023

Today, the Commission is considering adopting final rules regarding cybersecurity disclosures by public companies. I am pleased to support these rules because they will enhance and standardize disclosures to investors with regard to public companies’ cybersecurity practices as well as material cybersecurity incidents.

Opening Statement Of CFTC Commissioner Christy Goldsmith Romero: Regulating For The Future - CFTC Open Meeting

Date 26/07/2023

Derivative markets are at a period of evolution.  An evolution of technology.  An evolution of new products.  An evolution to more retail customers.  This period of evolution presents both very real opportunities and very real challenges.

Virtu Announces Second Quarter 2023 Results

Date 26/07/2023

Virtu Financial, Inc. (NASDAQ: VIRT), a leading provider of financial services and products that leverages cutting edge technology to deliver innovative, transparent trading solutions to its clients and liquidity to the global markets, today reported results for the second quarter ended June 30, 2023.

Opening Statement Of CFTC Chairman Rostin Behnam Regarding July 26th Open Meeting

Date 26/07/2023

Introduction

Good morning.  Today, the Commission will consider four matters – one final rule and three notices of proposed rulemaking.  To the tremendous credit of our staff and the Commission, we are on course to timely complete an agenda I laid out in February which seeks to continue a longer trajectory of refining policy and regulation to alleviate unnecessary burdens and uncertainty while promoting competition and innovation in the U.S. and abroad.  By staying on course, we will ultimately achieve our most important goal:  protecting customers and ensuring safe, transparent, and resilient derivatives markets.