By Carla Main,
Britain's Serious Fraud Office, which prosecutes corporate bribery, uses
too many secret settlements in foreign corruption cases, the Organization
for Economic Cooperation and Development said.
The SFO is using...
Opening Statement of Commissioner Bart Chilton to the CFTC Technology
Advisory Committee, Washington, DC
Thanks to Commissioner O'Malia for his leadership of the Technology
Advisory Committee (TAC). He and his staff...
The debate over high-frequency trading continues to rumble on, but one
European broker-dealer believes that opinions are changing and the region’s
politicians will now face a tougher task in introducing...
Mic Check! At Energy Trading Conference 1,000 Miles Away, CME's Craig
Donohue Receives a Message from Chicago "Shareholders"
For Immediate Release
Friday, March 23, 2012
HOUSTON Chicago Mercantile Exchange CEO Craig Donohue traveled...
By Bloomberg News in New York
Software bug highlights concerns about electronic markets: Traders
The software error that derailed the initial public offering of Bats Global
Markets Inc, where 11 percent of...
By Whitney McFerron and Jeff Wilson
The gap between traders' estimates of U.S. corn reserves, the world's
second-biggest, and official figures have reached the size of Russia's
annual consumption, increasing price...
Dennis Kelleher, president and CEO of Better Markets, a nonprofit,
nonpartisan organization that promotes the public interest in financial
reform, applauded the Commodity Futures Trading Commission for selecting
Washington, D.C. and Boca Raton, Fla March 14, 2012The FIA Principal
Traders Group and the FIA European Principal Traders Association today
issued a set of recommendations to assist trading firms...
GENSLER SAYS CFTC MAY SEEK AUTOMATED-TRADE COMMENTS BY JULY
By Silla Brush,
The U.S. Commodity Futures Trading Commission may seek comment before July on ways to test and supervise automated and high-frequency trading systems, said Gary Gensler, the agency's chairman.
The agency, which has scrutinized such trading in the wake of the May 2010 crash that temporarily roiled markets, is considering a so-called concept release, which is a regulatory step prior to publishing proposed new rules for direct market access.
"I'm hopeful we'd put that out for public comment this spring. The document is pretty far along," Gensler told reporters after a speech at the Agribusiness Club of Washington.
The concept release would cover testing, supervision and protections of participants with direct market access, "to ensure orderly trading in markets," he said.
The CFTC's technology advisory committee, led by Republican Commissioner Scott O'Malia, held a meeting yesterday on high- frequency trading.
Automated trading firms' role in periods of market swings drew attention from regulators after a May 6, 2010, crash that briefly erased $862 billion from the value of U.S. shares.
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