Bridging the Week by Gary DeWaal: June 19 to 23 and June 26, 2017 (Costs and Benefits Don’t Add Up; Floor Trading; LOPR; MiFID II and Direct Market Access)

Published Date: June 26, 2017

The Office of Inspector General of the Commodity Futures Trading Commission severely criticized the agency’s cost-benefit analysis relied on in promulgating the Commission’s final rule for margin for uncleared swaps issued in December 2015. Additionally, in a rare current disciplinary action involving pit-trading, five respondents settled disciplinary actions brought by the Chicago Mercantile Exchange alleging that they engaged in prohibited conduct to avoid payment of fines mandated when members of a broker association trade opposite each other in restricted contracts for more than a designated maximum percentage of their overall volume. As a result, the following matters are covered in this week’s edition of Bridging the Week:

Bridging the Week will not publish on July 3 because of the Independence Day holiday in the United States. The next regular publication of Bridging the Week will be July 10, 2017.

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Gary DeWaal

Gary DeWaal is currently Special Counsel with Katten Muchin Rosenman LLP in its New York office focusing on financial services regulatory matters. He provides advisory services and assists with investigations and litigation.

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Gary DeWaal
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New York, NY 10022-2585


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