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December 27, 2012
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  Top Stories 
  • Shanghai Futures Exchange looks to boost its global profile
    The Shanghai Futures Exchange says it plans to allow foreign investors broader access as it works to develop oil and metals futures and financial derivatives in the coming years. Foreign firms now get restricted access only through brokers. "The exchange will move towards opening up to overseas players over the next five years and aims to become an important pricing centre for global commodity markets," Chairman Yang Maijun said in a statement. Reuters (12/26) LinkedInFacebookTwitterEmail this Story
  Regulatory Roundup 
  • CFTC's Chilton proposes insurance fund for futures investors
    The futures industry needs an insurance fund to provide for customers who become victims of fraud or theft, Commodity Futures Trading Commission member Bart Chilton says. The fund, which would be created under a bill that Chilton proposed to Congress, would be modeled on similar banking and securities funds, Chilton says. CFTC Law (12/26) LinkedInFacebookTwitterEmail this Story
  • CFTC staffers find themselves in demand by employers
    Staffers at the Commodity Futures Trading Commission who have worked on rules that apply to Wall Street are finding themselves in demand by companies that have to comply with those rules or give advice to other firms on how to follow them. At least nine employees have left the CFTC for new jobs at firms in accounting, law and finance since June, Jamila Trindle writes. The Wall Street Journal (12/26) LinkedInFacebookTwitterEmail this Story
  Industry Developments 
  • Dalian futures market aims for a larger global presence
    The Dalian Commodity Exchange says it wants to boost cooperation with foreign counterparts. Its transaction volume ranks around 10th in the world, according to data from the Futures Industry Association. "Our international strategy is to extend our global reach, explore opportunities for information sharing, employee exchange and IT solutions as well as product design with high-level international players," said Liu Xingqiang, the exchange's chairman. China Daily (Beijing) (12/27) LinkedInFacebookTwitterEmail this Story
  • Osaka exchange seeks foreign derivatives brokerages
    The Osaka Securities Exchange wants to let brokerages from Europe and Asia trade derivatives on its platform, a Japanese newspapers reported. The exchange will seek regulatory permission from countries in those regions; it has already received approval from regulators in Hong Kong and the U.S. SNL Financial (free content) (12/26) LinkedInFacebookTwitterEmail this Story
  • Other News
  Electronic Trading News 
  • Commentary: The glitches that stole 2012
    Computer glitches' effect on trading was a recurring theme this year, as a handful of prominent errors -- culminating with Knight Capital Group almost bankrupting itself thanks to an out-of-control algorithm -- brought increased scrutiny to the role that automation plays in the trading world. Traders Magazine Online (12/26) LinkedInFacebookTwitterEmail this Story
  Commodities and Managed Futures 
  • Other News
People who lean on logic and philosophy and rational exposition end by starving the best part of the mind."
--William Butler Yeats,
Irish poet and playwright

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