The Commodity Futures Trading Commission (CFTC), the regulator for the U.S. derivatives markets, may need to install a revolving door for all the exits and entrances it will be experiencing this month and beyond. CFTC Commissioner Summer K. Mersinger, a Republican, recently announced her departure from the CFTC, while Christy Goldsmith Romero, a Democrat, reiterated… Read More >>
UST ETFs Can Be Collateral for Uncleared Swaps
A division of the Commodity Futures Trading Commission staff has issued a clarification that will allow shares of certain U.S. Treasury exchange-traded funds (ETFs) to be treated as redeemable securities in a pooled investment fund and thus eligible as margin collateral for certain uncleared swap transactions. The clarification allows these instruments to qualify as eligible… Read More >>
SEC & CFTC Extend Deadline for Form PF Amendments
Sometimes it pays to fight City Hall especially when there’s a new City Hall. The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) – now both under the control of the Trump administration — last week extended a controversial compliance date for the amendments to Form PF from March 12, 2025,… Read More >>
Automation for Recs & Settlement Is Up for Listed Derivatives
Participants in listed derivatives markets are improving the automation of trade settlement and reconciliation largely because of their ongoing investment in reference data, according to a new report from SmartStream Reference Data Services and Acuiti Management Intelligence. The findings of the report “The Future of Reference Data: From Compliance to Alpha,” are based on surveys… Read More >>
E.U. Task Force Urges CSDR Adjustment for T+1
European capital markets firms are navigating a long list of regulatory changes required to enable a smooth transition to a shortened, T+1 settlement cycle, likely in 2027 and in coordination with the UK. The European T+1 Industry Task Force, comprised of 21 trade associations, outlined these regulatory changes in a recent work paper — “High-level… 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 >>
Trading Technologies Creates a Platform Services Unit
Trading Technologies International (TT) has created a Platform Services business unit from its global product development and services teams to optimize core functions, reduce functional enhancement development times, and speed up service resolution efforts, officials say. Jason Shaffer will assume the new role of chief platform officer and will oversee the newly integrated unit. Vasco… Read More >>
Numerix Overhauls PolyPaths Product Suite
Numerix has made “significant enhancements across the PolyPaths product suite,” including new reporting and client-centric capabilities that represent the next chapter for PolyPaths, known for helping firms make the transition away from the discredited London Interbank Offered Rate (LIBOR). “This update represents a pivotal shift in our approach. Given the prolonged prevalence of LIBOR as… Read More >>
Johnson Financial Group Taps the Cloud for IR Swaps
Johnson Financial Group has installed a risk management system for interest rate derivatives based upon a cloud-based platform from provider Derivative Path that is intended to enhance Johnson’s financial services offerings and be a foundation for related services to come. Based in Racine, Wisconsin, the privately owned Johnson Financial Group consists of subsidiaries Johnson Bank… Read More >>
CFTC Asks for Input on A.I. & Derivatives
The Commodity Futures Trading Commission (CFTC) wants input from derivatives industry participants about the ways artificial intelligence (A.I.) might impact them. The regulator’s Divisions of Market Oversight, Clearing and Risk, Market Participants, and Data and the Office of Technology Innovation sent out a request for comment (RFC) “to better inform them on the current and… Read More >>
