November 14, 2014 BY Mike Fox

Global Trading Systems taps Credit Suisse Electronic Fixed-Income Chief

Katy Burne of the Wall Street Journal broke news today that Ryan Sheftel, the global head of fixed-income electronic trading at Credit Suisse Group AG , left the firm earlier this month to take up a new post at Global Trading Systems LLC, said people familiar with the matter. Global Trading Systems is a large computer-driven…

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November 13, 2014 BY Mike Fox

CFTC issues no-action position and interpretations addressing the holding of customer funds

The U.S. Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight (Division) today issued no-action relief to futures commission merchants (FCMs) concerning the holding of customer funds deposited to margin foreign futures and foreign options transactions under Regulation 30.7. Regulation 30.7 limits the amount of customer margin funds an FCM is permitted to…

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