The heads of FERC and the Commodity Futures Trading Commission (CFTC) are due to sign a memorandum of understanding Wednesday in which they will pledge to coordinate requests to companies when seeking information about regulated natural gas and electric transactions, a FERC spokesman said.
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Jeffery Sworn In as New CFTC Chariman
Reuben Jeffery III was sworn Monday as the new chairman and a commissioner at the Commodity Futures Trading Commission (CFTC), which regulates commodity futures and options on U.S. exchanges. The appointment came two days after Joseph Kelliher officially became chairman of the Federal Energy Regulatory Commission, the other major D.C. regulatory body charged with oversight of the energy industry (see related story).
CFTC’s Rule Enforcement Review of Nymex Unveils Disciplinary Issues
Following a rule enforcement review of the New York Mercantile Exchange’s practices by the Commodity Futures Trading Commission’s Division of Market Oversight (DMO), the Commission found that Nymex performed most functions adequately. However, the review also highlighted areas that need to be enhanced.
CFTC’s Rule Enforcement Review of Nymex Unveils Disciplinary Issues
Following a rule enforcement review of the New York Mercantile Exchange’s practices by the Commodity Futures Trading Commission’s Division of Market Oversight (DMO), the Commission found that Nymex performed most functions adequately. However, the review also highlighted areas that need to be enhanced.
Two Electricity Contracts in the Future
The Commodity Futures Trading Commission (CFTC) last weekapproved a New York Mercantile Exchange (NYMEX) application totrade electricity futures and options based on delivery at thePennsylvania-New Jersey-Maryland (PJM) western hub. And slated forapproval today is the proposed and competing Chicago Board of Trade(CBOT) PJM western hub electricity futures contract.
CFTC approves KCBT Expiration Day Change
The Commodity Futures Trading Commission approved a change inthe Kansas City Board of Trade’s last trading day for its westernnatural gas futures contract that will place KCBT contractexpiration on the same day as Henry Hub futures go off the board atthe New York Mercantile Exchange. The last trading day will now bethe third business day prior to the first day of the deliverymonth. Formerly, it was the second business day prior to the firstday of the delivery month.