The CFTC's Division of Market Oversight ("DMO") issued a no-action letter providing time-limited relief for Australian-based trading platform Yieldbroker Pty Limited ("Yieldbroker"). The relief is intended to allow the CFTC and Yieldbroker time to negotiate an alternative compliance arrangement whereby Yieldbroker would continue to be regulated primarily in Australia. See: CFTC Letter 13-59.

The CFTC Division of Market Oversight issued a no-action letter providing temporarily registered swap execution facilities ("SEFs") with relief from the transaction confirmation requirement in CFTC Rule 37.6(b) for swaps that are not intended to be submitted for clearing. The relief expires on October 30, 2013, for non-cleared swaps in the foreign exchange, interest rate and credit asset classes; and no later than December 2, 2013, for non-cleared swaps executed in the equity and other commodity asset classes. Lofchie Comment: This letter is subject to conditions, including that the SEF notify

The CFTC approved the applications of Thomson Reuters LLC and ICAP LLC for temporary registration as swap execution facilities ("SEFs") pursuant to CEA Section 5h ("Swap Execution Facilities") and CFTC Rule 37.3(c). See: CFTC Letter to Thomson Reuters; CFTC Letter to ICAP LLC. See also: CFTC Issues Notice of Temporary SEF Registration to tpSEF Inc. and Tradition SEF, Inc. (with Lofchie Comment) (September 25, 2013); CFTC Issues Notice of Temporary SEF Registration to INFX SEF Inc. (September 24, 2013); CFTC Issues Notice of Temporary SEF Registration to 360 Trading Networks Inc. (September 23

The CFTC issued an Order filing and simultaneously settling charges against ADM Investor Services, Inc. ("ADMIS"), a CFTC-registered futures commission merchant ("FCM"), for unlawfully commingling customer funds with funds held in its non-customer accounts. FCMs are required to segregate funds held on behalf of customers, and are not permitted to commingle customer funds with the funds of any other person. As described in the CFTC Order, ADMIS treated the accounts of its multiple affiliates as customer accounts, notwithstanding that ADMIS's parent corporation, Archer Daniels Midland Company (

The CFTC issued an Order filing and settling charges with FXDirectDealer, LLC ("FXDD"), a registered retail foreign exchange dealer ("RFED") and futures commission merchant ("FCM"), for failing to comply with minimum financial requirements for RFEDs and FCMs. Under CFTC foreign currency ("forex") contracts rules, RFEDs and FCMs that offer or engage in retail forex transactions are required to maintain adjusted net capital of $20 million, or more in certain circumstances. According to the CFTC Order, FXDD did not maintain its required adjusted net capital during at least 18 separate months