Commodity

The Commodity Futures Trading Commission (CFTC) last week took a major step forward to regulate high-frequency trading (HFT) by proposing a definition for the term, which so far has proved to be elusive.

The Commodity Futures Trading Commission (CFTC) took a major step forward Wednesday in the regulation of high-frequency trading (HFT) by proposing a definition for the term that has proved to be elusive.

Over the objections of Republicans, Democrats on the Senate Appropriations Committee last Thursday reported out a bill that would expand the budgets for the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in fiscal year (FY) 2013 to regulate the multi-trillion-dollar derivatives market.

Over the objections of Republicans, Democrats on the Senate Appropriations Committee Thursday reported out a bill that would expand the budgets for the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in fiscal year (FY) 2013 to regulate the multi-trillion-dollar derivatives market.

A Senate appropriations subcommittee Tuesday voted out a spending bill that would significantly raise spending for the Commodity Futures Trading Commission and the Securities and Exchange Commission (SEC) to oversee the multi-trillion-dollar derivatives market. The full Senate Appropriations Committee is expected to vote on the measure later this week.

Pointing to international investment house failures that rebounded to their U.S. affiliates and ultimately the American taxpayer, Chairman Gary Gensler of the Commodity Futures Trading Commission (CFTC) said those foreign-based affiliates should come under the same market reforms being installed in the United States.

The head of the Commodity Futures Trading Commission decried a House appropriations subcommittee’s vote earlier this week to reduce spending for the agency in fiscal year (FY) 2013. The move comes at a time when the CFTC is gearing up to oversee the multi-trillion-dollar derivatives market.

The head of the Commodity Futures Trading Commission decried a House appropriations subcommittee’s vote last week to reduce spending for the agency in fiscal year (FY) 2013. The move comes at a time when the CFTC is gearing up to oversee the multi-trillion-dollar derivatives market.

Commissioner Scott O’Malia of the Commodity Futures Trading Commission (CFTC), a frequent critic of the agency’s Dodd-Frank actions, says many of the rules approved by the agency so far are “unnecessarily complicated, confusing and, in some cases, redundant.”