Search

Speculation that Greece could default on its debt increased in April, as negotiations between the country’s new government and its creditors continued.

In testimony regarding the President’s request for the Commodity Futures Trading Commission’s budget for the 2016 fiscal year, Chairman Timothy Massad spoke before the U.S. Senate Committee on Appropriations, the Subcommittee on Financial Services and General Government in Washington DC.

The U.S. economy added just 126,000 jobs in March, the Bureau of Labor Statistics reported on April 3.

Global swaps reporting has been something of a disaster. And while ESMA’s recent efforts to clarify reporting requirements offer some guidance in the EU, the CFTC’s attempts to improve reporting go nowhere.

Buy-side users of OTC derivatives face many uncertainties as they prepare for mandatory central clearing in Europe, and they are turning to their dealers and clearing houses for help.

As the U.S. Congress debates changes to the Dodd-Frank financial reform legislation, CFTC Chairman Timothy Massad testified before the Senate Agriculture committee earlier today.

As talks over Greece’s debt crisis continued in May, bank deposits in the country were at their lowest level in more than a decade.

According to figures published by the U.S. Bureau of Labor Statistics on May 8, total nonfarm payroll employment increased by 223,000 in April; job gains in February and March were revised downward by a combined 39,000.

While fragmentation of global swaps liquidity appears to be abating somewhat, trading on SEFs in the U.S. has been slow to evolve.

We’ve borne witness to this scene before – necessity stirring the entrepreneurial zeal of electronic trading innovators.