CFTC aims to resolve Dodd Frank Act ambiguity

October 7, 2014 12:10 AM
Exchange Shorts

New York Stock Exchange will take back the majority of the policing duties it had outsourced for its two U.S. options exchanges and three stock markets, from FINRA at end-2015.

NYSE Regulation chose Cinnober as the technology provider for the development and implementation of the enhanced surveillance system.

Markit is increasing its push into electronic communications with a system that would give banks greater control over which employees can access their current electronic chat rooms, the FT reported.

Commodity Futures Trading Commission is close to resolving an ambiguity in the Dodd Frank Act regulations that is causing confusion for energy companies, reported. According to the report, the ambiguity is in the definition of a swap, for which the CFTC designed a seven-part test to assist companies in determining whether physical contracts with embedded volumetric optionality should be classified as swaps or not.

CFTC member Sharon Bowen appointed Eric Juzenas as her principal adviser. Juzenas joins Bowen’s office after having served as senior counsel to former CFTC Chairman Gary Gensler.

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