The Japan Securities Clearing Corp. (JSCC) has become the first central clearing counterparty in Japan to integrate the International Swaps and Derivatives Association’s (ISDA) Digital Regulatory Reporting (DRR) framework and the Common Domain Model (CDM) from ISDA but now managed by the Fintech Open Source Foundation (FINOS) into a production environment. As of June 2025,… Read More >>
A Roundup of Predictions for 2025
I’m a little late to the predictions party but please indulge me. This is a completely unscientific, random, and unusual set of predictions for this year and maybe a little beyond. I have scanned the usual suspects and unorthodox places and presented a variety of points of view while adding a few of my own…. Read More >>
Will the CFTC’s Acting Chairman Overhaul the Regulator?
Outspoken Republican Commissioner Caroline D. Pham is the acting chairman of the Commodity Futures Trading Commission (CFTC) and in that role could shake up the commodities regulator, which she thinks has strayed far from its mission. Pham takes over as Rostin Behnam, the now-former CFTC chairman, steps down following his January 7 announcement that he… Read More >>
Departing CFTC Chairman Urges Guardrails for Digital Assets
The incoming Trump administration will have clean slates as far as regulating U.S. securities and commodities markets as Rostin Behnam, chairman of the U.S. Commodity Futures Trading Commission (CFTC), announced on January 7 that he will be stepping down from his position on January 20 with his final day being Friday, February 7. Behnam was… Read More >>
Our Most Unusual Stories from 2024
Last year was a rollercoaster ride that will serve as a prelude for the adventures to come in 2025. But before the next ride, let’s step back for a moment and look at some of the downright unusual stories we covered in 2024. They deserve a second look because they ran the gamut from shocking… Read More >>
CFTC Mulls Ops Changes for Non-Cash Collateral
The Commodity Futures Trading Commission (CFTC) is mulling recommendations that would not need to become rules but would lead to operational changes governing the use of non-cash collateral for margin requirements and might pave the way for more clarity in the regulation of digital assets for U.S. markets. The CFTC permits using non-cash assets as… Read More >>
ION Launches Connectivity to FMX Futures Exchange
Trading and operations systems provider ION has launched connectivity to the recently launched FMX Futures Exchange. The connectivity will allow firms to trade via ION’s execution and post-trade product suite, officials say. ION will support transactions via the new futures exchange through ION’s “cleared derivatives front-, middle-, and back-office platforms.” ION’s offerings for cleared derivatives… Read More >>
SS&C Acquires Battea Class Action Services for $670M
SS&C Technologies is acquiring Battea-Class Action Services, a securities class action claims management and settlement recovery services provider for $670 million, subject to certain adjustments, officials say. “Battea helps more than 900 banks, asset managers hedge funds and proprietary trading firms receive the maximum distribution of entitled settlements. The acquisition is expected to close this… Read More >>
Events Exchange Kalshi Klear Wins DCO Approval
Kalshi Klear LLC, a regulated exchange and prediction market, is a new derivatives clearing organization (DCO) via an order of registration from the Commodity Futures Trading Commission (CFTC). CFTC officials say Kalshi has demonstrated its ability to comply with the Commodity Exchange Act (CEA) and CFTC regulations that apply to DCOs. Kalshi’s affiliate, KalshiEx LLC,… Read More >>
ProCap Readies Custody for 3 Digital Asset Securities
With the addition of Uniswap (UNI) and Arbitrum (ARB) to its custodial platform, Prometheum Ember Capital will offer custodian support for three digital asset securities, as the firm previously announced custody services for Ethereum’s ether (ETH) token. Prometheum Capital officials say the firm intends to fully launch its custodial services to institutional investors later this… Read More >>
