Rand Financial Services, created when Trout Trading Co acquired Gerald Inc, will become the first commodity pool operator which is also a futures commission merchant FCM. Rand's clearing status has been approved by the Chicago Board of Trade and the ChiRand Financial Services, created when Trout Trading Co acquired Gerald...
Some propose that if the securities industry market model works, it should work for the futures industry as well. In addition to recent evidence to the contrary, that perspective ignores the differences in the industries and fails account possible unintended consequences of such a move. ...
To take advantage of new opportunities in 2001, futures commission merchants are positioning themselves for monumental industry changes by merging and forming strategic alliances that help to absorb rising technology costs and open new markets. The executives of the top futures commission merchants...
The Securities and Exchange Commission and the Commodity Futures Trading Commission will announce an agreement on regulations for trading single-stock futures "in a matter of days," James Newsome, chairman of the futures agency, said Thursday at a press briefing sponsored by the National Futures Association. ...
El Paso Merchant Energy EPME, a unit of El Paso Corp. (NYSE: EP), has settled with the Commodity Futures Trading Commission CFTC over the CFTC's investigation into inaccurate reporting of information on gas trades to energy industry publications th El Paso Merchant Energy EPME, a unit of El...
A FIERCE battle is about to begin over who should regulate America's financial-futures industry, which accounts for 45% of the world's futures trading. At issue is the cosy arrangement for Chicago's futures industry, where securities come under the Securities and Exchange Commission sec) and futures under...
What stock index futures are facing While Congress grappled with budget decisions in early October, the question foremost in the minds of futures industry members - stock index futures jurisdiction - remained on hold. As a result, the reauthorization of the Commodity Futures Trading Commission CFTC...
The futures industry finally can see the light at the end of the nearly two-year long tunnel it has crawled through for futures on individual stocks. The Commodity Futures Trading Commission CFTC and Securities and Exchange Commission SEC have ag The futures industry finally can see...
Taiwan's Securities and Exchange Commission is hoping to regulate the nation's futures market, which has existed illegally for over ten years. It is hoped that by creating a legal futures market the black market for futures can be eliminated.A FUTURES industry of a sort has flourished in Taiwan for over...
Futures-exchange officials are publicly supporting the CFTC's fight to avoid being consumed by the Securities and Exchange Commission, and laud the leadership of CFTC chair Mary Schapiro. The officials hope the result will be regulation of over-the-counter markets.COULD the Commodity Futures Trading Commission CFTC, which oversees America's futures market,...
What would make the head of a top 50 U.S. futures commission merchant FCM managing over $111 million in customer equity decide to hang it up? After 7 1/2 years as the president and CEO of Rand Financial Services, Jeff Quinto has stepped aside to st ...
The Commodity Futures Trading Commission CFTC is considered ineffectual because of close ties to the industry and lack of knowledge among appointees. Two vacancies on the board of commissioners is not helpful. Some would like to see the Securities and Exchange Commission take over CFTC functions.DERIVATIVES such as futures, options...
Chicago's two largest futures exchanges, the Chicago Board of Trade and the Chicago Mercantile Exchange, are complaining that excessive government regulation makes it hard for them to compete. It is unsure what the response of the Commodity Futures Trading Commission will be.POLITICS has a habit of getting in the way...
Although Congress is pushing forward with its reauthorization of the Commodity Exchange Act, also known as the Commodity Futures Modernization Act, the prospect of single stock futures remains a sticking point for regulators. Both the Commodity Futures Trading Commission CFTC and the Securities Exchange Commission SEC...
This paper describes the fourfold role of a business economist with a futures commission merchant: short-term economic analysis for brokers and trading customers; long-term analysis for the asset management division; marketing the firm's expertise; and strategic planning as a member of the firm's executive committee. The author's earlier diversified training...
SAN DIEGO--BUSINESS WIRE--Feb. 3, 1997--HNC Software Inc. today announced that Barclays Merchant Services, the largest merchant acquirer in the United Kingdom, has signed a seven-year agreement to use HNC's EagleTM Merchant Risk Management System to automate the merchant portfolio review process at Barclays Merchant Services.
As hearings, debates and discussions continue over whether the Securities and Exchange Commission SEC should take over regulation of stock-index futures from the Commodity Futures Trading Commission CFTC, key philosophical differences between the As hearings, debates and discussions continue over whether the Securities and Exchange...
M2 PRESSWIRE-22 August 2001-NASDAQ: Nasdaq Liffe Markets approved by Commodity Futures Trading Commission CFTC C1994-2001 M2 COMMUNICATIONS LTD RDATE:22082001 New York -- Nasdaq Liffe Markets NQLX today announced that the Commodity Futures Trading Commission CFTC has approved NQLX as a...
Futures magazine's 1995 ranking of the 40 best futures commission merchants is dominated by brokers that rely on technology to better serve their clients and improve their performance. This suggests that new trading systems could become an important source of competitive advantage. The 1995 list is topped by Merrill Lynch...
The Commodity Futures Trading Commission CFTC and SEC knocked a few more issues off their to-do list in May as they continued the rule-making process for security futures products, which include single stock futures and narrow-based stock indexes. The Commodity Futures Trading Commission CFTC and...
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