CFTC

Ethic Adds Former CFTC Chair Timothy Massad as Strategic Advisor

Retrieved on: 
Tuesday, May 4, 2021
Troubled Asset Relief Program, Timothy Massad, Finance, Commodity Futures Trading Commission, Financial markets, Massad, Money, CFTC, Futures contract

("Ethic"), the tech-driven asset management platform that powers personalization for advisors, today announced the addition of former Commodity Futures Trading Commission (CFTC) Chair Timothy Massad as a strategic advisor.

Key Points: 
  • ("Ethic"), the tech-driven asset management platform that powers personalization for advisors, today announced the addition of former Commodity Futures Trading Commission (CFTC) Chair Timothy Massad as a strategic advisor.
  • He also placed a strong emphasis on fostering coordination with international regulatory bodies and on bipartisan action at the Commission itself.
  • Massad was responsible for the day-to-day management and recovery of TARP funds, and under his watch, the Treasury recovered more on crisis investments than was disbursed.
  • Massad added: "I am excited to be working with the talented team at Ethic.

Tokenist Expands IG Partnership to Include Nadex, Amplifying U.S. Derivatives Coverage

Retrieved on: 
Friday, April 23, 2021
Financial markets, Futures exchanges, Nadex, Commodity Futures Trading Commission, Derivative, Futures contract, CFTC, Futures exchange

Standing for North American Derivatives Exchange, Nadex is formerly known as Hedge Street.

Key Points: 
  • Standing for North American Derivatives Exchange, Nadex is formerly known as Hedge Street.
  • "\nTrusted by NewsGuard with a perfect score , The Tokenist continues to serve as a beacon of illumination amid chaotic economic currents and record-low media trust.
  • Nadex is registered with the Commodity Futures Trading Commission (CFTC) as a Designated Contract Market and Derivatives Clearing Organization.
  • To further seize emerging financial opportunities, the Tokenist tracks revolutionary blockchain-derived ecosystems and the many ways they interface with traditional finance.\n'

J. Christopher Giancarlo, Former CFTC Chairman, Joins BlockFi Board of Directors

Retrieved on: 
Tuesday, April 20, 2021
Commodity Futures Trading Commission, CFTC, Financial regulation, J. Christopher Giancarlo, Commodity markets

In his role as a member of the Board, Giancarlo will provide valuable guidance to the company\'s leadership on strategic matters, namely blockchain innovation, regulatory developments and growth initiatives.\nMr.

Key Points: 
  • In his role as a member of the Board, Giancarlo will provide valuable guidance to the company\'s leadership on strategic matters, namely blockchain innovation, regulatory developments and growth initiatives.\nMr.
  • Giancarlo served as the 13th Chairman of the United States Commodity Futures Trading Commission (CFTC) from 2014 to 2019 under Presidents Barack Obama and Donald Trump.
  • Giancarlo is widely respected as a leading voice on financial regulation and innovation.
  • Mr. Giancarlo was Founding Co-Editor-in-Chief for eSecurities: Trading and Regulation on the Internet (Leader Publications).\n'

Cboe Options Exchange to Extend Global Trading Hours for VIX and SPX Options to Nearly 24 Hours-a-Day

Retrieved on: 
Thursday, April 8, 2021
Financial markets, Commodity Futures Trading Commission, Futures contract, CFTC, Commodity markets, Commodity Futures Modernization Act

That risk of loss can be substantial and can exceed the amount of money deposited for a futures position.

Key Points: 
  • That risk of loss can be substantial and can exceed the amount of money deposited for a futures position.
  • You should, therefore, carefully consider whether futures trading is suitable for you in light of your circumstances and financial resources.
  • For additional information regarding futures trading risks, see the Risk Disclosure Statement in Appendix A to CFTC Regulation 1.55(c).
  • Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.

AEGIS Hedging Appoints Andrew Furman as Chief Compliance Officer

Retrieved on: 
Friday, March 5, 2021
Commodity markets, Economy, Finance, Swap Execution Facility, Swaps, Money, Commodity Futures Trading Commission, Commodity trading advisor, Chief compliance officer, CFTC, CCO, The Aegis

THE WOODLANDS, Texas, March 5, 2021 /PRNewswire-PRWeb/ --AEGIS Hedging Solutions ("AEGIS"), a leading Commodity Trading Advisor ("CTA") and fintech provider for commodity and rate markets, today announced the appointment of Andrew Furman as Chief Compliance Officer, effective immediately.

Key Points: 
  • THE WOODLANDS, Texas, March 5, 2021 /PRNewswire-PRWeb/ --AEGIS Hedging Solutions ("AEGIS"), a leading Commodity Trading Advisor ("CTA") and fintech provider for commodity and rate markets, today announced the appointment of Andrew Furman as Chief Compliance Officer, effective immediately.
  • "Together with our earlier announcement where we filed an application with the CFTC to become a Swap Execution Facility ("SEF"), we are excited to announce the selection of Andrew Furman as Chief Compliance Officer," said Bryan Sansbury, CEO of AEGIS.
  • Andrew Furman brings 35 years of experience in commodities, trading and compliance to AEGIS.
  • As Chief Compliance Officer to the AEGIS-SEF, I look forward to ensuring and protecting the integrity of this vital platform for all participants," said Andrew Furman, CCO of AEGIS.

CFTC and ESMA Sign Enhanced MOU Related to Certain Recognized Central Counterparties

Retrieved on: 
Friday, January 8, 2021
Systemic risk, Financial regulation, Commodity Futures Trading Commission, European Market Infrastructure Regulation, CFTC, Essential Services Maintenance Act, MOU, Articles, Government, Economy

Through the MOU, ESMA and the CFTC express their desire for enhanced cooperation as to the larger U.S. CCPs operating in the European Union with provisions that expand upon the collaboration set out in the 2016 CFTC-ESMA MOU related to recognized CCPs.

Key Points: 
  • Through the MOU, ESMA and the CFTC express their desire for enhanced cooperation as to the larger U.S. CCPs operating in the European Union with provisions that expand upon the collaboration set out in the 2016 CFTC-ESMA MOU related to recognized CCPs.
  • The MOU reflects ESMAs and the CFTCs commitment to strengthening their mutual cooperative relationship, which has continued to flourish under the leadership of Chair Steven Maijoor and Chairman Heath P. Tarbert.
  • The deferential approach embodied in this MOU is a major milestone in the years-long engagement between the CFTC and its EU counterparts on the implementation of EMIR as amended.
  • I am pleased to see ESMA entering a phase of closer cooperation with the CFTC, said Chair of ESMAs CCP Supervisory Committee Klaus Lber.

CFTC and ESMA Sign Enhanced MOU Related to Certain Recognized Central Counterparties

Retrieved on: 
Thursday, January 7, 2021
Systemic risk, Financial regulation, Commodity Futures Trading Commission, European Market Infrastructure Regulation, CFTC, Essential Services Maintenance Act, MOU, Articles, Government, Economy

Through the MOU, ESMA and the CFTC express their desire for enhanced cooperation as to the larger U.S. CCPs operating in the European Union with provisions that expand upon the collaboration set out in the 2016 CFTC-ESMA MOU related to recognized CCPs.

Key Points: 
  • Through the MOU, ESMA and the CFTC express their desire for enhanced cooperation as to the larger U.S. CCPs operating in the European Union with provisions that expand upon the collaboration set out in the 2016 CFTC-ESMA MOU related to recognized CCPs.
  • The MOU reflects ESMAs and the CFTCs commitment to strengthening their mutual cooperative relationship, which has continued to flourish under the leadership of Chair Steven Maijoor and Chairman Heath P. Tarbert.
  • The deferential approach embodied in this MOU is a major milestone in the years-long engagement between the CFTC and its EU counterparts on the implementation of EMIR as amended.
  • I am pleased to see ESMA entering a phase of closer cooperation with the CFTC, said Chair of ESMAs CCP Supervisory Committee Klaus Lber.

SEC Announces the Creation of the Security-Based Swaps Joint Venture, Led by Division of Examinations and Division of Trading and Markets

Retrieved on: 
Friday, December 18, 2020
Financial markets, Finance, Money, Commodity markets, Commodity Futures Trading Commission, Systemic risk, Futures markets, CFTC, Dodd–Frank Wall Street Reform and Consumer Protection Act, Derivative, Futures contract, Commodity Futures Modernization Act

The co-leads of the SBS Joint Venture will be Vivi Mazarakis, an Acting Assistant Director in the Division of Examinations, and Carol McGee, who is the Assistant Director for the Office of Derivatives Policy in the Division of Trading and Markets.

Key Points: 
  • The co-leads of the SBS Joint Venture will be Vivi Mazarakis, an Acting Assistant Director in the Division of Examinations, and Carol McGee, who is the Assistant Director for the Office of Derivatives Policy in the Division of Trading and Markets.
  • Title VII of the Dodd-Frank Act established a comprehensive framework for regulating the over-the-counter swaps markets, with authority divided between the SEC and the Commodity Futures Trading Commission (CFTC).
  • The SECs role is to regulate and oversee the SBS market, while the CFTC oversees other types of swaps (e.g., commodities, currency, interest rates, etc.).
  • The complexity of regulating the SBS market requires knowledge, commitment, and a multi-division and office approach, said Brett Redfearn, Director of the Division of Trading and Markets.

Kalshi Wins CFTC Approval for Exchange to Trade Event Contracts

Retrieved on: 
Thursday, November 5, 2020
Other Professional Services, Professional services, Finance, Commodity markets, Financial markets, Finance, Financial regulation, Commodity Futures Trading Commission, Futures contract, CFTC, Commodity pool operator, Commodity Futures Modernization Act

Kalshi announced today that KalshiEX LLC has received approval from the Commodity Futures Trading Commission (CFTC) as an authorized Designated Contract Market (DCM), establishing Kalshi as the first regulated financial exchange dedicated to trading event contracts.

Key Points: 
  • Kalshi announced today that KalshiEX LLC has received approval from the Commodity Futures Trading Commission (CFTC) as an authorized Designated Contract Market (DCM), establishing Kalshi as the first regulated financial exchange dedicated to trading event contracts.
  • Kalshi is now approved to operate a federally regulated exchange that allows investors to trade directly on the anticipated outcome of future events.
  • Kalshi marks the next natural step in this evolution by offering an asset class that meets the demands of todays information economy: event contracts.
  • KalshiEX LLC is the first ever Commodity Futures Trading Commission (CFTC) regulated exchange dedicated to trading contracts based on the anticipated outcome of economically significant events.

Diamond Standard® to Launch World's First Regulator Approved Diamond Commodity in Initial Public Commodity Offering for $25M on September 28

Retrieved on: 
Monday, September 21, 2020
Minerals, Futures exchanges, Financial markets, Crystallography, Minneapolis Grain Exchange, Commodity Futures Trading Commission, Futures contract, CFTC, Diamond

NEW YORK, Sept. 21, 2020 /PRNewswire/ --Diamond Standard announced today the initial public commodity offering of the Diamond Standard Coin (Coin) to take place on September 28, 2020, for a total of $25 million.

Key Points: 
  • NEW YORK, Sept. 21, 2020 /PRNewswire/ --Diamond Standard announced today the initial public commodity offering of the Diamond Standard Coin (Coin) to take place on September 28, 2020, for a total of $25 million.
  • Diamond Standard to launch the regulated sale on September 28, offering 5,000 Coins for a total of $25 million, subject to final BMA approval.
  • Diamond Standard announces the world's first diamond market maker, the Diamond Standard Exchange [dse.diamondstand.co].
  • Diamond Standard commodity futures will be listed and traded on MGEX via the CME Globex platform, pending final Commodity Futures Trading Commission (CFTC) approval.