CFTC investigates breaches of 60-second clearing rule

stopwatch-its

The Commodity Futures Trading Commission (CFTC) is investigating possible breaches of rule 1.74, which requires clearing firms to accept or reject client trades within 60 seconds, according to Scott O'Malia, one of the agency's five commissioners, who was speaking at a meeting of the CFTC's technology advisory committee yesterday.

Risk reported last month that some futures commission merchants (FCMs) have broken the rule since the start of mandatory clearing in the US on March 11. The CFTC has

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here