Speculative Position Limits
On November 15 the Commodity Futures Trading Commission voted to appeal the ruling of District Court Judge Wilkins’s ruling against the Commission’s regulation limiting speculative positions (read...
View ArticleUS Goes After INTRADE
INTRADE, an Irish exchange, lists contracts that payoff if an event occurs. An example: ”Obama will win the 2012 election.” A person that bought that contract received the difference between $10 and...
View ArticleMJ?
On Thursday, the president nominated Mary Jo White to head up the SEC. Saying that he was putting a cop on the beat repeated a line from Senator Levin’s critique of the CFTC’s handling of the Amaranth...
View ArticleThe Case for HFT
This article makes a strong case for HFT (high frequency trading). A generation ago the issue was program trading, a much less sophisticated cousin of HFT. Markets learned to incorporate program...
View ArticleWhistle Blower Fund
Ted Siedel is putting together a fund to facilitate reports from whistleblowers. Coverage is available on Forbe’s here (behind a paywall). Chris Tobe who is also involved with the fund writes about...
View ArticleCFTC Data Access
This past December CME Group complained to the CFTC that the Commission had permitted certain academics to use CME trade data for non-Commission matters. In response, the CFTC cut off all access to...
View ArticleTax Futures Transactions
I was asked about this Reuters article. Chilton argues that the CFTC budget was cut by one third because the Commission has pushed Dodd-Frank implementation. You’ll find that opinion expressed here....
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