The U.S. Commodity Futures Trading Commission today approved the creation of LabCFTC, a new initiative aimed at promoting responsible FinTech innovation to improve the quality, resiliency, and competitiveness of the markets the CFTC oversees. Located in New York LabCFTC will also look to accelerate CFTC engagement with FinTech and RegTech solutions that may enable the CFTC to carry out its mission responsibilities more effectively and efficiently.
Remarks of Acting Chairman J. Christopher Giancarlo before the International Swaps and Derivatives Association 32nd Annual Meeting in Lisbon, Portugal: Changing Swaps Trading Liquidity, Market Fragmentation and Regulatory Comity in Post-Reform Global Swaps Markets
Tradovate LLC, an online brokerage firm for active, self-directed futures traders, andCollective2 (C2), the online platform that connects investors with trade leaders, announced May 10 that Tradovate has now integrated C2 into its offering, providing the first commission-free brokerage access to C2 futures trading systems.
Bats, a CBOE Holdings Inc. company, and an operator of stock exchanges in the United States, announced today that it is proposing to adopt a new, competitively priced alternative to the primary market closing auctions that take place at the end of the U.S. equities trading day, subject to regulatory approval.
On May 3, 2017, Eurex, Europe’s largest derivatives exchange and part of Deutsche Börse Group, introduced futures on six iSTOXX Europe Factor Indices. The launch marks a major milestone, as for the first time European Factor Futures are listed with a tradeable order book on an exchange.
Total nonfarm payroll employment increased by 211,000 in April, and the unemployment rate was little changed at 4.4%, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in leisure and hospitality, health care and social assistance, financial activities, and mining.
In view of realized and expected labor market conditions and inflation, the FOMC decided to maintain the target range for the federal funds rate at 3/4 to 1%. The stance of monetary policy remains accommodative, thereby supporting some further strengthening in labor market conditions and a sustained return to 2% inflation.