Globex Orders Transaction Speed Limits
The CME states the following: Extraordinary and excessive messaging rates generated by a client system can negatively impact all market participants (for example, by creating performance latencies)....
View ArticleFINRA’s 5 Biggest Fine Categories in 2016
ThinkAdvisor reports: Fines ordered by FINRA in 2016 shattered the self-regulator’s previous record from 2014, Eversheds Sutherland found Fines ordered by the Financial Industry Regulatory Authority in...
View ArticleRenTech Doesn’t Want to Show Code to CFTC
Renaissance Technologies, the $65 billion hedge fund, is pushing back against federal regulators’ interest in highly-technical trading software out of concern that their source code wouldn’t be secure...
View ArticleEthereum briefly crashed from $319 to 10 cents in seconds
Ethereum briefly crashed from $319 to 10 cents in seconds on one exchange after ‘multimillion dollar’ trade Ethereum briefly suffered a flash crash on the GDAX exchange on Wednesday. The price fell...
View ArticleCME Rule 982 – Risk Management
CME Rule 982 – Risk Management All clearing members must have written risk management policies and procedures in place to ensure they are able to perform certain basic risk and operational functions at...
View ArticleCFTC Regulation 1.11: Risk Management Program for futures commission merchants
(C) CFTC Risk Management Program. (1) Each futures commission merchant shall establish, maintain, and enforce a system of risk management policies and procedures designed to monitor and manage the...
View ArticleJPMS Fined $800,000 for Failure to Supervise and Pre-Trade Controls
A Case for At-Trade Risk Management JPM accepted a fine for $800,000 because they “failed to establish, document, and maintain a system of risk management controls and supervisory procedures, including...
View ArticleSecurities Exchange Act (SEA) Rule 17a-4
Records to be Preserved by Certain Exchange Members, Brokers and Dealers SEA Rule 17a-4 (a) Every member, broker and dealer subject to §240.17a-3 shall preserve for a period of not less than six years,...
View Article
