FCM Archives - The Industry Spread

The Corcoran Family in Futures and Beyond

November 25, 2019

Furthermore, Corcoran’s son, Pat, is the manager for Chance the Rapper, one of the biggest music stars on the planet.

Both were guests on the latest podcast by the Futures Industry Association entitled FIA Speaks, which is hosted by FIA CEO Walt Lukken.

In the 1980s, the elder Corcoran, said he got involved in a start up partially backed by the Chicago Sun Times, one of Chicago’s two biggest newspapers.

Head of CFTC’s Swap Dealer’s Division Lays out Project Kiss Vision

May 17, 2019

There is much more work to be done. This includes, as discussed by Mike Gill, the Chairman’s Chief of Staff, at the National Press Club in February 2018,]simplifying risk management rules for FCMs and SDs, by providing a more effective programmatic risk management system, and modifying quarterly risk reporting obligations.

CFTC Unanimously Approves Project KISS Rulemakings to Ease Regulatory Burdens

April 2, 2019

The Commodity Futures Trading Commission (CFTC) announced today that it has unanimously approved Project KISS Rulemakings to simplify registrants’ obligations. The Commission unanimously approved amendments to Regulations 23.700 through 23.704.  These regulations govern the segregation of assets held as collateral in uncleared swap transactions.

Eurex Clears First Swap Transaction for U.S. End Clients

February 15, 2019

The transaction is the next important milestone in Eurex’s strategy to expand its U.S. distribution. As recently as December 2018, the CCP received approval from the Commodity Futures Trading Commission (CFTC) to offer customer swap clearing in addition to the clearing services for futures already provided.