Commodity

Speaking to a group of international bankers Tuesday in Washington, DC, Jill Sommers of the Commodity Futures Trading Commission (CFTC) expressed her “persistent grief” at the process the agency is using to finalize reforms under the Dodd-Frank Wall Street Reform Act.

Capitol Hill lawmakers are calling on the Commodity Futures Trading Commission (CFTC) to “immediately enact strong position limits” to curb excessive speculation in oil markets.

A divided Commodity Futures Trading Commission (CFTC) Thursday voted out a final rule establishing internal business conduct standards to shield customers from the risks associated with swap dealers (SD), as well as a new proposal on block trades. During the meeting, commissioners vented their growing dissatisfaction both with the pace of the rulemaking process and the content of some of the rules being adopted.

The Commodity Futures Trading Commission (CFTC) has struck from its meeting agenda Thursday a much-anticipated and widely criticized final rule to define “swap dealers” and “major swap participants.” The rule is one of the most contentious before the Commission and would lay the groundwork for the agency to proceed with other regulatory reforms under the Dodd-Frank Wall Street Reform Act.

Seven natural gas and electricity trade groups Tuesday called on White House officials to pressure the Commodity Futures Trading Commission (CFTC) not to broadly define “swap dealer” in such a way as to include end-users and hedge funds, making them subject to regulation under the Dodd-Frank Wall Street Reform Act.

President Obama has proposed a 50% increase in the fiscal year (FY) 2013 budget for the Commodity Futures Trading Commission (CFTC) to fully implement the regulatory reforms under the Dodd-Frank Wall Street Reform Act.

The Commodity Futures Trading Commission (CFTC) is taking steps to review high-frequency trading (HFT) in the futures, swaps and options markets three months after the collapse of MF Global Holdings Ltd., which took with it an estimated $1.2 billion in customer funds (see NGI, Nov. 17, 2011).

In a report forwarded to Congress Thursday, the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) said it was far too soon to determine whether there were no “gaps or inconsistencies” between the U.S. and international regulation of the multi-trillion dollar derivatives market.

The Commodity Futures Trading Commission (CFTC) is taking steps to review high-frequency trading (HFT) in the futures, swaps and options markets three months after the collapse of MF Global Holdings Ltd., which took with it an estimated $1.2 billion in customer funds.