The Commodity Futures Trading Commission has approved for publication in the Federal Register a proposal to amend requirements for minimum adjusted net capital for futures commission mePARA_BREAK_SENTINEL_9f8e7d6c The Commodity Futures Trading Commission has approved for publication in the Federal Register a proposal to amend requirements for minimum adjusted net capital for futures commission merchants and those introducing brokers that do not operate under a guarantee agreement with an FCM. The proposal addresses amendments that would require capital computations for cleared over-the-counter positions carried in customer, non-customer, and proprietary accounts of the FCM, similar to the computations currently required for exchange-traded futures in such accounts. The proposal also includes amendments to increase the margin-based capital requirements and minimum dollar amount capital requirements presently in the regulation. The CFTC also seeks comment on possible future proposals to revise the minimum capital requirements of FCMs that are also registered as securities broker-dealers with the Securities and Exchange Commission. The CFTC seeks public comment on all matters addressed in the Proposal. Comments must be received by 6 July 2009.
$2bn tech-focused hedge fund SoMa Equity Partners to shutter
San Francisco-based hedge fund SoMa Equity Partners is winding down after returning capital to investors, bringing the curtain down on a…
More
Arcana hires former Goldman Sachs exec to Lead EMEA expansion
Portfolio intelligence provider Arcana has appointed former Goldman Sachs executive Rhys Williams as head of EMEA, as the technology firm…
More
ExodusPoint adds Pictet trader to London equities team
Multi-strategy hedge fund major ExodusPoint Capital Management has strengthened its London equities operation with the appointment of Jade…
More
