New Asian stock index futures available for trade

Exchange shorts

Commodity Futures Trading Commission (CFTC) commissioner Scott O’Malia stated that the regulator will give block-trading guidance to derivatives venues, and the guidance will be announced as early as this week to resolve a public disagreement between some trading executives and CFTC staff, MLEX reported.

Singapore Exchange (SGX) received CFTC approval for its three Asian index futures contracts – which are based on the MSCI Thailand Index, the MSCI Philippines Index and the MSCI India Index. These three contracts can now be directly offered and traded in the United States.

Japan will regulate Bitcoin trading, defining the virtual currency as a commodity similar to gold. The Japanese government will also tax gains made from Bitcoin trading, with banks to be prohibited from handling them, and securities firms to be barred from brokering Bitcoin trades.

 

CFTC commissioner Bart Chilton called U.S. President Obama's proposed budget of $280 million for the 2014 fiscal year “woefully insufficient”, the New York Times reported. The proposed budget is $35m lesser than the budget for last year, and according to Chilton, “we have not received a commensurate increase in funding to bring needed light to these markets, despite being assigned the authority to do so by Congress.”

About the Author

Bernardo Mariano brings to ERDesk his experience structuring private deals for the acquisition of mutual exchanges. Prior to joining ERDesk Bernardo worked as a Director for Instinet and later, CEO of Reuters' Bondex. He holds an MS in Economics from University of Illinois and an MIA in Finance from Columbia University. He can be reaced at be reached at mariano@erdesk.com. 

Equity Research Desk (www.erdesk.com) provides fundamental analysis of global capital markets related entities to support the investment process of buy-side analysts at hedge funds and traditional money managers. The company focuses its coverage on securities exchanges, discount brokers, trading platforms, asset managers, financial-related technology companies and intellectual property assets in the US, Europe, Asia, and Latin America.

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