The Commodity Futures Trading Commission has approved a proposed rule that it says will reduce regulatory burdens for US market participants in order to promote economic growth and job creation, by bringing certain CFTC requirements in line with other US regulators. The proposed rule amends the CFTC’s margin requirements for uncleared swaps for swap dealers and major swap participants. It would ensure that master netting agreements are not excluded from the definition of “eligible master netting agreement” under the CFTC Margin Rule.
Day: 20 May 2018
Join members of the Foreign Exchange Professionals Association (FXPA) on Wednesday, May 30, for a webinar on the “FX Global Code: One Year Anniversary – Where are We?” at 10am (Eastern US)/3pm (UK)/10pm (Singapore).
This webinar, hosted by the FXPA, takes a look at how firms are approaching adherence to the FX Global Code of Conduct in the FX markets, which was released on May 25, 2017.
Join FXPA’s chairman, Chip Lowry, senior managing director of State Street Global Markets; David Puth, vice chair of the Global Foreign Exchange Committee and CEO of CLS Bank International; Lisa Shemie, FXPA board member and chair of the policy committee, and associate general counsel, chief legal officer of Cboe FX Markets and Cboe SEF at Cboe Global Markets; and Mark Bruce, FXPA’s chair of the Global Code Working Group and head of FICC at Jump Trading.
JP Morgan has reportedly created a new position at the bank, that of head of cryptoassets strategy, and named Oliver Harris, previously head of the bank’s in-residence programme for fintech startups, to the role.
Harris will operate as part of JPM’s blockchain project, headed by Umar Farooq and investigate cryptocurrency initiatives that can be taken to market. He will also lead the execution of the project, working closely with Christine Moy, programme lead for the bank’s Blockchain Centre of Excellence.
Profit & Loss’ annual New York conference is set for this Thursday, May 24 at the Crowne Plaza, Times Square and features a host of sessions looking at the world of crypto as well as more traditional FX issues such as the role of currency managers and the future of electronic trading.
The programme kicks off with CFTC COO and chairman Chris Giancarlo’s chief of staff Mike Gill, discussing “Keeping Pace with Cryptos” and then continues with a P&L BURST session in which Brian Liston, co-founder of Seed discusses a new approach to trading cryptos.