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Statement Of CFTC Chairman Timothy Massad On His Resignation As Chairman

Date 03/01/2017

“For the past two and a half years, I’ve had the privilege of working alongside the very talented CFTC staff, and I thank them for their dedication on behalf of the American people. I also want to express my appreciation to my fellow Commissioners, Sharon Bowen and Chris Giancarlo, for the constructive and collaborative engagement we have had throughout my tenure. I am also very grateful to President Obama for giving me the opportunity to lead this important agency."

FIA: Lukken Thanks CFTC Chairman Tim Massad For His Service

Date 03/01/2017

Upon the announcement that Commodity Futures Trading Commission (CFTC) Chairman Tim Massad will step down on January 20, FIA president and CEO Walt Lukken released the following statement thanking him for his service to the industry:

“Chairman Massad has provided steady leadership at the CFTC, characterized by his thoughtful approach to policymaking. He made it a priority to speak with industry members to gain insights and gather feedback on key issues. In particular, he made strides in the efficient and effective cross-border harmonization of regulatory initiatives. Our industry appreciates that he has been a strong advocate for client clearing in both CFTC rules and in regards to the Basel Committee’s treatment of initial margin in the leverage ratio capital requirements. We thank him for his service to our industry and the public.”

Statement Of CFTC Commissioner Chris Giancarlo Regarding The Resignation Of Chairman Tim Massad

Date 03/01/2017

Statement of Commissioner Chris Giancarlo regarding the resignation of Tim Massad as Chairman of the CFTC as of January 20:

"I commend Tim on his tenure as Chairman. It has been a distinct honor to serve with him. Along with Commissioner Bowen, our time together has been one of mutual respect and genuine interest in the health of our U.S. markets."

Statement Of CFTC Commissioner Sharon Y. Bowen On Chairman Timothy G. Massad’s Announcement

Date 03/01/2017

It has been a privilege to work alongside Chairman Massad over the past two and a half years. His leadership, grit and forward thinking attitude allowed our agency to make significant progress towards protecting market participants and the investing public. Chairman Massad inherited an agency still dealing with the aftermath of the financial crisis of 2008 and his tireless work helped bring confidence back to the markets. It has been fitting that an organization as hardworking as the CFTC would have an equally dedicated chairman. While I believe that the commission still has a great amount of work to do, I also believe that Chairman Massad has reason to be proud of the many accomplishments that this agency has achieved under his chairmanship. I hope that future chairpersons build upon his work here. It has truly been a pleasure working with him and I thank him for his service.

CFTC Chairman Timothy Massad Announces Resignation As Chairman

Date 03/01/2017

Chairman Timothy G. Massad today said he has tendered to President Obama his resignation as Chairman of the U.S. Commodity Futures Trading Commission, effective on January 20, 2017. Mr. Massad issued the following statement:

“For the past two and a half years, I’ve had the privilege of working alongside the very talented CFTC staff, and I thank them for their dedication on behalf of the American people. I also want to express my appreciation to my fellow Commissioners, Sharon Bowen and Chris Giancarlo, for the constructive and collaborative engagement we have had throughout my tenure. I am also very grateful to President Obama for giving me the opportunity to lead this important agency."

OneChicago Announces Trading Volume For December 2016 - Exchange Posts Firth Consecutive Record Year – Total YTD Volume Tops 12.3 Million, An Increase Of 6% Over Prior Year

Date 03/01/2017

OneChicago, LLC (OCX), a securities finance exchange, today announced its December 2016 volume of 1,344,535, a decrease of 9% year-over-year. OneChicago is a CFTC and SEC regulated exchange offering Single Stock Futures (SSF), a Delta One product, on approximately 1,800 equities, including ADRs and ETFs.   

MGEX Records 2nd-Highest Annual Volume Of All-Time

Date 03/01/2017

MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), has concluded its 2nd-best calendar year volume of all-time, with a total volume of 2,185,098.

U.S. Treasury Department: Federal Advisory Committee On Insurance (FACI) To Meet January 5

Date 03/01/2017

On Thursday, January 5, the Department of the Treasury’s Federal Advisory Committee on Insurance (FACI) will convene in open session.  During this meeting, the FACI will discuss a number of insurance issues, including blockchain technology in the insurance sector, the changing auto safety landscape, and an overview of insurance fraud. The Committee will also receive updates from its subcommittees.

MIAX Options Exchange - MIAX Options Listing Alert: Additions To Penny Pilot Program

Date 03/01/2017

The following option classes will be included in the MIAX Options Penny Pilot Program at the start of trading on Wednesday, January 4, 2017.

OCC 2016 Cleared Contract Volume Fifth Highest Ever - Total Cleared Volume Down One Percent From 2015 - Total Cleared Futures Volume Sets Record With 56 Percent Annual Growth - Total Securities Lending CCP Activity Up 37 Percent From Last Year

Date 03/01/2017

OCC, the world’s largest equity derivatives clearing organization, today announced 2016 total cleared contract volume reached 4,167,747,777 contracts, a one percent decrease from the 2015 volume of 4,210,542,258 contracts. The year ended with 337,076,118 cleared contracts in December, a three percent decrease from December 2015.  OCC also reported record-breaking volume for cleared futures, with 104,523,581 cleared contracts in 2016; a 56 percent increase from 2015.