Proposed market reform of energy futures contracts raises the question of whether oil can be traded like bitcoin.
Clearing agency
The changes can lower collateral needs by bundling related positions.
The agreement replaces the agencies’ 2018 memorandum and sets out updated procedures for how they can work better together, and apart, from one another.
SEC move aims to help firms fine-tune their policies and procedures.
Amendments relate to intraday margin collection and use of substantive inputs; new rule establishes elements of a clearing firm's recovery plan.
In an important set of new rules, the SEC has mandated more central clearing in the US Treasury market to help it absorb ever-increasing Treasury issuances.
Move draws broad support but dissenting voice questions level of 'micromanagement'.
News you may have missed from the SEC, at a glance.