At a Technology Advisory Committee meeting, CFTC Commissioners considered recommendations for improving regulatory compliance through better integration of technology.
The CFTC approved a new functionality proposed by ICE Futures U.S., Inc. called "Passive Order Protection," which is designed to reduce the impact of latency advantages among higher-speed traders by implementing an asymmetric delay.
Cadwalader attorneys analyzed a CFTC proposal to amend the regulatory requirements that apply to the trading of swaps and to marketplaces that offer swap execution facilities.
CFTC Commissioner Brian Quintenz discussed ways in which he believes a lack of transparency during the financial crisis has been addressed by post-crisis reforms requiring data reporting, central clearing, and posting margin.
CFTC Commissioner Brian Quintenz assured agricultural industry producers and cooperatives that the CFTC was continuing efforts to protect and promote the futures market.
Senate Agriculture Committee Chair Pat Roberts expressed concern over the impact of a trade war with China and CFTC Commissioners emphasized the importance of price discovery and block trading in agricultural futures contracts.
CFTC Commissioner Brian Quintenz recommended various improvements to the swap data reporting regime, including advancing global harmonization efforts, streamlining reporting requirements and improving reporting accuracy.
