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.
Four high-ranking Republican members of the House Committee on Financial Services accused the Commodity Futures Trading Commission (CFTC) Wednesday of wasting time and money when implementing a law that would have set position limits on derivatives tied to 28 physical commodities.
A U.S. district court today vacated a controversial Commodity Futures Trading Commission (CFTC) rule that would have set position limits on derivatives tied to 28 physical commodities, and remanded the rule to the agency.