News Centre

The Evolution Of The Federal Reserve’s Employment Mandate, Federal Reserve Governor Lisa D. Cook, At The Louis E. Martin Awards Ceremony At The 2023 Future Of Black Communities Summit, Joint Center For Political And Economic Studies, Washington, D.C.

Date 19/10/2023

Thank you. I am rarely at a loss for words, as my friends, family, and colleagues know all too well.1 But I do find it a little hard to express everything I am feeling, to be given the Louis E. Martin Great American Award in honor of a truly great American who did so much to make ours a more perfect union. Tough to find the words, but I will try.

Statement On Volume-Based Exchange Transaction Pricing For NMS Stocks, SEC Commissioner Caroline A. Crenshaw, Oct. 18, 2023

Date 18/10/2023

A long line of economic literature asserts that competition among firms benefits consumers. Competitive markets promote economic efficiency and growth, and their benefits can include lower prices and better products for consumers, as well as a more level playing field for small businesses that seek to enter new markets or expand their market share.

CFTC Commissioner Pham To Speak On A Practising Law Institute (PLI) Podcast

Date 18/10/2023

CFTC Commissioner Goldsmith Romero To Participate On A Government Panel At The AWS Gov2Gov Summit On Responsible AI Innovation For The Public Sector

Date 18/10/2023

Joint Statement Of CFTC Commissioners Summer K. Mersinger And Caroline D. Pham Regarding Swap Block Thresholds

Date 18/10/2023

We support the extension of the staff no-action position in Letter No. 22-03, which extends the deadline for compliance with the Commission’s “swap block thresholds” from December 4, 2023 to July 1, 2024.  Swap data repositories (“SDRs”) and market participants have established that such an extension is appropriate because of various operational and technological challenges, and resulting inefficiencies, due in part to other global reporting requirements that are happening around the same time.  In addition, there have been unprecedented market shocks, disruptions, and other dislocations in the past several years that have adversely impacted market conditions and liquidity, and therefore merit further study and consideration of changes to the swap block thresholds and their impact on financial stability and systemic risk.

CFTC Staff Issues No-Action Letter Regarding Certain Block And Cap Amendments

Date 18/10/2023

The Commodity Futures Trading Commission’s Division of Market Oversight (DMO) today issued a letter extending the no-action position taken in CFTC Letter No. 22-03 regarding the compliance dates for certain amendments, adopted in November 2020, to the CFTC’s swap data reporting rules concerning block trades and post-initial cap sizes.

Treasury International Capital Data for August

Date 18/10/2023

The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for August 2023.  The next release, which will report on data for September 2023, is scheduled for November 16, 2023.

Fears For Tiers: Statement On Proposed Volume-Based Exchange Transaction Pricing For NMS Stocks, SEC Commissioner Hester M. Peirce, Oct. 18, 2023

Date 18/10/2023

Thank you, Mr. Chair. Regulators, as a general matter, are instinctively cautious. Caution can be a good thing. It can enable us to recognize dangers or threats early and to prepare appropriate responses. Caution, when tempered by a prudent and open mind, can help us protect investors and keep our markets fair and efficient. But sometimes healthy caution can metastasize into unhelpful and unproductive fear. This rulemaking appears to be the product of fear that is not rooted in reality. Accordingly, I cannot support it.

Fairer And More Competitive Public Markets, SEC Commissioner Jaime Lizárraga, Oct. 18, 2023

Date 18/10/2023

Last December, the Commission proposed significant reforms to enhance transparency and increase competition in our equities markets.

BOX Exchange Mandatory Annual Virtual Trading Floor Test

Date 18/10/2023

This notice is being issued to announce the mandatory annual Virtual Trading Floor (“VTF”) test on Saturday, November 4, 2023 from 9:00 a.m. to 11:00 a.m. CT for all BOX Trading Floor Participants.