News Centre

CFTC Orders CHS Hedging, LLC, To Pay $650,000 For Recordkeeping And Unauthorized Trading Violations

Date 26/09/2024

The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against CHS Hedging, LLC, a Minnesota based futures commission merchant, for recordkeeping deficiencies and failure to obtain customer authorizations before entering trades for customers.

MIAX Options - Updated SPIKES Options Market Maker Incentive Program

Date 26/09/2024

MIAX Options will adjust the monthly Market Maker Incentive Program (the “Incentive Program”) for SPIKES Options with new terms beginning October 1, 2024, and ending January 31, 2025. Please refer to MIAX Options Regulatory Circular 2024-54 for details regarding the Incentive Program.

CFTC Requests Public Comment On A Rule Certification Filing By KalshiEX LLC

Date 26/09/2024

The Commodity Futures Trading Commission is requesting public comment on a rule certification filing by KalshiEX LLC, which would amend its rulebook to include rules for a request for quote functionality and amendments to its prohibited transactions rule. Comments must be submitted on or before Oct. 28, 2024.

Federal Reserve: Senior Credit Officer Opinion Survey On Dealer Financing Terms

Date 26/09/2024

The Senior Credit Officer Opinion Survey on Dealer Financing Terms (SCOOS) is a quarterly survey providing information about the availability and terms of credit in securities financing and over-the counter (OTC) derivatives markets. The SCOOS is modeled after the long-established Senior Loan Officer Opinion Survey on Bank Lending Practices, which provides qualitative information about changes in supply and demand for loans to households and businesses at commercial banks. The SCOOS collects qualitative information on credit terms and conditions in securities financing and OTC derivatives markets, which are important conduits for leverage in the financial system. The survey panel for the SCOOS began by including 20 dealers and over time has been expanded. These firms account for almost all of the dealer activity in dollar-denominated securities financing and OTC derivatives markets. The survey is directed to senior credit officers responsible for maintaining a consolidated perspective on the management of credit risks. The HTML links below include the full report; the PDF links include the summary only.

Canadian Securities Administrators Provides Update To Crypto Asset Trading Platforms About Value-Referenced Crypto Assets

Date 26/09/2024

The Canadian Securities Administrators (CSA) is providing a further update for crypto asset trading platforms (CTPs) that are registered, or that provided a pre-registration undertaking (PRU), about the application of terms and conditions in the CTPs’ registration and exemptive relief decisions or PRUs related to value-referenced crypto assets (VRCAs).

“From Hamilton To Yellen”: Remarks Before The 10th Annual U.S. Treasury Market Conference, SEC Chair Gary Gensler, Washington D.C., Sept. 26, 2024

Date 26/09/2024

Thank you for the kind introduction. As is customary, I’d like to note that I’m not speaking on behalf of my fellow Commissioners or the SEC staff.

CFTC Commissioner Pham To Speak At American University Washington College Of Law

Date 26/09/2024

Remarks By USA Secretary Of The Treasury Janet L. Yellen At The 2024 U.S. Treasury Market Conference

Date 26/09/2024

Thank you for the introduction. I’m very glad that I’m able to join you for this tenth annual Treasury Market Conference. This conference helps the government identify ways to further improve the functioning and resilience of the Treasury market, which is of course core to the functioning and resilience of the U.S. financial system as a whole. And this makes it a fitting place for me to share my thoughts on the work I and my colleagues across the Biden-Harris Administration have done to navigate financial stresses and strengthen the U.S. financial system over the past three and a half years. In my remarks today, I’ll address why this work is so important, our approach to achieving a healthy and resilient financial system, and what we’ve accomplished.

US Treasury Takes Coordinated Actions Against Illicit Russian Virtual Currency Exchanges And Cybercrime Facilitator

Date 26/09/2024

Today, the U.S. Department of the Treasury is undertaking actions as part of a coordinated international effort to disrupt Russian cybercrime services. Treasury’s Financial Crimes Enforcement Network (FinCEN) is issuing an order that identifies PM2BTC—a Russian virtual currency exchanger associated with Russian individual Sergey Sergeevich Ivanov (Ivanov)—as being of “primary money laundering concern” in connection with Russian illicit finance. Concurrently, the Office of Foreign Assets Control (OFAC) is sanctioning Ivanov and Cryptex—a virtual currency exchange registered in St. Vincent and the Grenadines and operating in Russia. The FinCEN and OFAC actions are being issued in conjunction with actions by other U.S. government agencies and international law enforcement partners to hold accountable Ivanov and the associated virtual currency services. 

Supporting Market Resilience And Financial Stability, Federal Reserve Vice Chair For Supervision Michael S. Barr, At The 2024 U.S. Treasury Market Conference, Federal Reserve Bank Of New York, New York, New York

Date 26/09/2024

Thank you, and thank you for the opportunity to speak to you today.

It is great to be here again, particularly because this year marks the 10th annual conference on the Treasury market, a milestone that is worth celebrating. I want to acknowledge the Federal Reserve Bank of New York for its leadership in this area, including the dedication and excellence it has brought to hosting this conference over the past decade, in collaboration with the Inter-Agency Working Group on Treasury Market Surveillance, led by the Treasury Department. The Treasury market is the means by which our government meets its financing needs in service to the American people, and it is also the bedrock of the financial system. Promoting the resilience of the Treasury market and ensuring it can continue to fulfill these roles requires the collaboration of agencies and individuals across the government along with the private sector.