A futures commission merchant settled CFTC charges for supervisory failures concerning the handling of customer accounts "by not adequately preparing and configuring its electronic trading system" before a negative futures price event affecting sweet crude oil futures contracts.
Senators Dianne Feinstein (D-CA, Energy and Water Development Appropriations Subcommittee Chairman), Barbara Boxer (D-CA), Ron Wyden and Jeff Merkley (both D-OR), and Patty Murray and Maria Cantwell (both D-WA), submitted a letter to the CFTC expressing concern that the $8 billion threshold of "de minimis quantity of swap dealing" fails to encompass the vast majority of energy-swap-dealing activity and, therefore, may prevent oversight of energy markets. The following recommendations were made in the letter: To assess how many energy swap dealers have registered with the CFTC and how many are
Effective May 20, 2013, ICE Futures U.S. ("IFUS") will adopt position limits, accountability levels and block trade requirements for newly listed physical environmental contracts. IFUS will also require large trader reporting for these contracts. For a complete listing of all position limits, accountability levels and reportable thresholds for Energy contracts, refer to the Position Limit, Accountability and Reportable Levels table on the ICE website. For a listing of block trade minimums for all Energy contracts, refer to the IFUS Energy Block Trade Requirements table. Click here to view
This Exchange Notice provides guidance with respect to ICE Futures U.S. Rules 6.15 "Reportable Positions and Daily Reports" and 18.05 "Open Interest in Energy Contracts." See the IFUS Rulebook for the complete text of Rules 6.15 and 18.05. View Notice here (links externally to ICE website).
ICE Futures U.S. ("IFUS") announced that it will adopt position limits, accountability levels, and block trade requirements for six newly listed financial natural gas contracts, six financial environmental contracts and four physical environmental contracts. In addition, IFUS will require large trader reporting for these contracts. Large trader position reports are generated by clearing firms and transmitted daily to ICE Clear Europe. Upon the first instance in which an account exceeds an Exchange reportable threshold, a clearing firm must promptly submit a completed CFTC Form 102 to IFUS