Top Ten Currency Trading Banks in 2012 Based on Market Share

Fan Yang \ 11:03 PM 05/10/12

Deutsche Banks remains on top for the 8th year with 14.57% market share of all fx related trading products. Some other interest facts here is that the top 5 banks cover more than 55% market share. It should also be noted that Bank of International Settlements (BIS) shows a reduction of trading volume in 2012 from the $5trillion/day pace in Sept. 2011.

CFTC Delays Some Dodd-Frank Rules – Again

Felix Shipkevich \ 2:03 PM 05/10/12

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With eighteen of over fifty regulations mandated by the Dodd-Frank Act yet to be formulated, the U.S. Commodity Futures Trading Commission voted today to allow temporary relief from rules originally intended to come into effect in July 2011. Speaking at a Washington meeting, CFTC Chairman Gary Gensler announced that the commission had approved an exemptive order regarding the effective dates of certain provisions. Among other concerns, the delay was prompted by complaints…

Regulatory Alert: CFTC Votes on Commodity Options, Amends Retail FX Rules

Felix Shipkevich \ 4:42 PM 04/18/12

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Under the CFTC’s adapted rules, commodity options will be treated the same as all other swaps. The rule was approved by a 5-0 vote, removing regulations that treat agricultural swaps and commodity options differently than other transactions. Now, agricultural swaps and commodity options will be treated the same as interest rate, credit, and other swaps…

CFTC Approves Final Rules Affecting SDs, MSPs, FCMs, and IBs

Felix Shipkevich \ 4:23 PM 04/03/12

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On April 3, the CFTC finalized six rules in accordance with the Dodd-Frank Act. The final rules were initially proposed in five separate rulemaking notices. The regulations set forth duties, regulations, and responsibilities for FCMs, SDs, MSPs, and IBs to ensure compliance. Rules will become effective on June 4, 2012. Rule on Swap Dealers, Major Swap Participants record keeping…

Regulatory Alert: Rules on CPO/CTA Compliance Obligations

Felix Shipkevich \ 1:59 PM 03/26/12

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The CFTC published a final rule amending regulations concerning Commodity Pool Operators and Commodity Trading Advisors. Under the amendments, qualified eligible persons (“QEPs”) are no longer exempt from registration as a CPO. The amendments also modified the requirements for claiming exemption from registering as a CPO…

Futures SRO Announces Safeguard Recommendations

Felix Shipkevich \ 3:37 PM 03/12/12

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In light of MF Global’s bankruptcy, the NFA proposed recommendations for safeguarding customer segregated and secured funds. Recommendations include the following:
-Requiring FCMs to file daily segregation and secured reports…

Who Wins & Loses From 1Q Central Bank Easing Bonanza

Nick Nasad \ 2:13 PM 02/29/12

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In 2011, the Bank of Japan expanded its balance sheet by 11%. But last year, the U.S. Federal Reserve expanded its own by 19%, the Swiss National Bank’s grew by 33% and the European Central Bank expanded its by 36%. We’ve had more expansion of balance sheets to start 2012, with the BOE, BOJ, PBOC and ECB unleashing more liquidity onto markets. Let’s break down each action and who comes out as the winners and losers so far.

5 EUR/USD Themes This Week – Outlook as Shorts Squeezed, ECB’s LTRO 2, Bigger ESM Up Next

Nick Nasad \ 11:56 AM 02/26/12

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EUR/USD Outlook – The key themes for EUR/USD this week in terms of fundamental and event risk factors are: 1) last week’s price action – and German data – opened up a bullish outlook, 2) which is squeezing the EUR shorts as we look at the COT data, 3) the injection of further liquidity by the ECB’s via its “LTRO 2″ lending to banks, 4) beefing up the ESM bailout fund at the March 1-2 EU Summit meeting, and 5) Greece debt restructuring gets under way.

CFTC amends rules for CPO/CTA registration

Felix Shipkevich \ 12:16 PM 02/10/12

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The CFTC approved an amendment that will change guidelines regarding CPO and CTA registration and compliance. Under the amendment, the following CPO/CTA regulations have changed: CPOs with pools comprised of funds from QEPs are no longer exempt from registration…

Markets losing patience with Greece Shananigan

Tradervox \ 11:47 AM 02/08/12

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The Forex markets opened the week positive. All the news from last week was positive with global PMI and employment numbers coming out positive. The leader in the race was the US economy which showed an impressive Non-Farm Payrolls data bringing dow…

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