Commodity Futures Trading Commission (CFTC)
Burning ambition: will Europe join the US in setting fire to the rules?
As the US dismantles post-crisis regulations, some think Europe will follow in a bid to boost economic growth
Perps extend the menu to tempt TradFi diners
Expiry-less futures are spreading from bitcoin into gold, equities and FX. Institutions are watching, not buying
Repo tokens won’t be cleared. Or will they?
Uncertainty lingers over clearing status of tokenised Treasuries, with decision likely devolved to DTCC
FCMs back CFTC proposal granting opt-out from CME oversight
New rules aim to address conflicts of interests at vertically integrated exchange groups
People: NatWest gets new group CRO, JPM tunes up top team, and more
Latest job changes across the industry
Perpetual futures: when expiry disappears, governance is key
Perps solve the futures roll problem, but run market-structure and regulatory risks, warns Vishal Gupta
Red alert: how Nasdaq’s Smarts became surveillance blind spot
Software that looks for shifty trades has been asleep on the job, affecting alerts for hundreds of products
Have regulators gone soft on enforcement? (And should we care?)
US agencies are scaling back punishments for technical rule breaches, raising concerns that small but crucial risks may be ignored
Well-drilled: CFTC’s top cop Miller sticks to his guns
Quick to place perceived overreach in the past, agency’s enforcement director leans into the law and his script
CFTC backs clearing exemption for risk reduction runs
CCP sources concerned about switch to bilateral trades, as other regulators also soften rules
Mention markets could be the gap in CFTC prediction rules
Proposal clamps down on most – but not all – contracts that are decided by individuals’ actions
AI compute has a governance problem
As exchanges move to launch compute futures, Vishal Gupta argues that the real test is not product innovation, but whether governance can keep pace
People: MUFG hires AI strategy head, Wells Fargo builds up QIS, and more
Latest job changes across the industry
Hard day’s night: Kalshi’s round-the-clock enforcement head
Robert DeNault wants market-leading tech to handle up to 40 insider trading cases at a time
Will Kalshi and Polymarket win over prop shops? Don’t bet on it.
A few market-makers – Jump Trading and Susquehanna among them – are dabbling in prediction markets but most are holding off due to patchy liquidity and legal uncertainty
Clearers face heavy lift on CME-FICC cross-margin service
Dual registration and regulation plus uncertainty over close-outs all weigh on client offering
Is alt data betting on prediction markets?
While offering a rich source of new data, legal uncertainties remain
People: StanChart’s new risk chief, Citi hires for FX, and more
Latest job changes across the industry
AI governance rules coming soon, says CFTC chair
Selig doesn’t want to stifle innovation, but says trading or advice algos will need guardrails
FCM target residual interest shrinks as customer funds surge
Nine firms hit all-time lows in February across multiple asset classes
CDS notional tops $8trn as clearing spike hits records
Investment-grade trades drive biggest weekly rise since 2013