The CFTC has unveiled the names of the members of its new market risk advisory committee. The committee, chartered in 2014, is meant to supports efforts to “to detect and mitigate risks within the market to industry participants, consumers, and the broader financial community,” the CFTC says in a statement. “This year, the committee intends… Read More >>
CFTC Roundtable to Focus on DCO Wind-Down
CFTC staff members will be holding a public roundtable on March 5, 2015, from 9 a.m. to 5 p.m., to cover issues related to the “recovery and orderly wind-down of derivatives clearing organizations (DCOs),” officials say. The roundtable will be an opportunity for the regulator to gather input from stakeholders such as DCOs and their… Read More >>
GoldenSource EDM Embraces Avox LEI APIs
GoldenSource, a provider of enterprise data management (EDM) solutions for the securities and investment industry, reports the integration of its EDM platform with Avox Ltd.’s Web-based application programming interfaces (APIs). Avox, which provides Legal Entity Identifier (LEI) standard reference data, recently launched a series of Web-based APIs for LEIs, legal names, addresses, industry classifications and… Read More >>
DTCC’s LEI Utility Hits a Milestone
DTCC officials report that the Global Markets Entity Identifier (GMEI) utility, a local operating unit (LOU) of the growing global Legal Entity Identifier (LEI) system, has issued approximately half of all LEIs registered so far, or 165,000, to entities from more than 140 jurisdictions. The GMEI’s progress reflects the growth of the global machinery behind… Read More >>
CFO for BGC Partners to Retire
Interdealer broker BGC Partners has announced that its chief financial officer (CFO) Graham Sadler will be retiring. Sadler will stay on at BGC until a replacement has been found, officials say. “Graham has been with us for more than six years and represents a key part of our senior management team. His financial acumen, industry… Read More >>
CME Group Unveils List of Board Candidates
Derivatives and clearing services marketplace CME Group has announced its candidates for its board of directors, officials say. Elections will be held at the company’s annual meeting on Wednesday, May 20, 2015. CME Group’s board of directors has recommended that Class A and Class B shareholders, voting together, should elect the following 19 individuals to… Read More >>
GFI’s Gooch Wants a Suitor to Replace BGC
The months-long acquisition saga of interdealer broker GFI Group appears headed for a memorable finale, with GFI Chairman Mickey Gooch reportedly wooing other potential suitors even as rival BGC Partners’ hostile bid remains just short of success. On Friday, Feb. 6, BGC, also an interdealer broker, needed just 1.7 percent more of GFI’s outstanding shares… Read More >>
Is There Life After the Pits Close?
Last week when the CME Group announced it would be shutting down 17 open outcry futures trading pits in Chicago and three pits in New York by July 2, it was almost anticlimactic. Most participants in the industry knew that the outcry era was on its way out a long time ago. Some even correctly… Read More >>
CME to Cut 60 Jobs as Most Outcry Trading to End
The CME Group will be eliminating 60 positions as it shuts down trading pits in Chicago and New York by July 2, 2015, effectively ending most of its open outcry futures trading, say officials at the exchange trading and clearing company. “Sixty positions will be eliminated, and those are predominantly in floor operations areas,” says… Read More >>
CFTC Okays WinJammer for Swap CCO Reports
The CFTC’s division of swap dealer and intermediary oversight (DSIO) reports that swap dealers and major swap participants may now submit their chief compliance officers’ annual reports to the CFTC through an online filing system, WinJammer, and do not need to use the commission’s own web portal. The Winjammer software was developed jointly by the CME… Read More >>
