Commentary by Bob Zwirb and Steven Lofchie
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.
CFTC Division of Swap Dealer and Intermediary Oversight Director Matthew Kulkin described the agency's efforts to reduce costs of compliance and improve market quality.
Comptroller of the Currency Joseph Otting reported that the federal banking system is strong, but risks remain.
FINRA launched an initiative to improve compliance reporting and management by "simplifying" broker-dealers' online interactions with FINRA.
At an Energy Risk Conference, CFTC Commissioner Dan Berkovitz said the CFTC should address developments in the energy derivatives market with policies and regulations that facilitate competition.