The Commodity Futures Trading Commission has issued a consultation on possible amendments to its process for terminating exemptive relief to foreign firms looking to sell derivatives products in the US, and has asked other jurisdictions to follow suit.
Regulators must approach initiatives like Facebook's planned cryptocurrency libra with caution, taking into account both the sponsor's responsibilities and potential implications for the financial system, writes Martin Wolf.
European Securities and Markets Authority Chairman Steven Maijoor discusses the EU's approach to regulating cryptoassets, fintech, clearinghouses and dealing with Brexit in an interview with Georgetown Law professor Chris Brummer.
Capitalab says its new compression service for Nikkei 225 options traded on the Singapore Exchange could offer market makers capital savings and efficiencies as high as 50%.
Speed bumps will be harder to manipulate if they are designed to adapt to market conditions, according to research from Simudyne. "Speed bumps that adapt to market conditions would be harder to game, while improving overall market quality," says Simudyne head of research Amir Sani.
Intercontinental Exchange will launch a heating oil futures contract for delivery into the New York harbor on July 29 to challenge contracts offered by CME's New York Mercantile Exchange.
The venture capital industry is starting to make some progress in its effort to improve gender and racial diversity, according to a report from Deloitte and the National Venture Capital Association. Since 2016 the number of venture capital firms running inclusion or diversity efforts has almost doubled, the report says.
Carbon, a startup digital manufacturing platform, raised $360 million in a funding round that gave it a $2.4 billion valuation. With the new money it plans to grow in Europe and Asia and pick up the pace of research and development.
Budderly, a startup that helps corporate clients cut their energy costs, raised $55 million in equity and debt in its most recent round of financing. The company aims to manage about $3 billion in clients' energy spending in the next decade.