While all futures trades happen on exchanges such CME Group’s, only about 60% of American equity volume does. The rest takes place on venues including dark pools, where orders are hidden until transactions are completed.
The U.S. Commodity Futures Trading Commission, charged with promoting fairness on the new public markets for swaps mandated by the Dodd Frank Act, is telling three operators they must change their access rules.
CME Group Inc., operator of the world’s largest futures market, said its computer systems were hacked in July and “certain customer information” for its ClearPort platform was compromised.
Rules under consideration by federal regulators could require clearinghouses to back up Treasuries pledged as collateral in the $693 trillion over-the-counter derivatives market with credit lines, according to industry executives.
IntercontinentalExchange Inc. is further along with its integration plan for NYSE Euronext than expected 10 months after announcing the $8.2 billion deal, according to Chief Executive Officer Jeff Sprecher.
The Commodity Futures Trading Commission, the main U.S. derivatives regulator that pried $1.7 billion in fines and other penalties from the firms it regulates during the past year, is furloughing workers because it doesn’t have enough money to pay them.
