Today we are considering three matters that all involve fine tuning our rules to make sure they work as intended. These are all adjustments to previously issued rules, and they are appropriate to make sure our rules do not impose undue burdens or unintended consequences, particularly for the nonfinancial commercial businesses that use these markets to hedge commercial risks.
The advent of electronic trading brought an infatuation with for-profit exchanges, while Dodd-Frank brought hope of regulatory protection for the little guys. Neither delivered in 2013 — will 2014 be any different?
There are a lot of folks in the Futures industry who would have liked the commission to have declared bankruptcy a year or so ago before writing rules likely to put their businesses on the edge of solvency.
I ran into an old friend downtown this week and she made me aware of some new recordkeeping compliance rules that will come into effect before the end of the year that may cause some big problems for smaller introducing brokers