Brodsky calls for merger of CFTC and SEC

Reuters has a story about William Brodsky, CEO of the Chicago Board Options Exchange (CBOE), saying in a written statement there’s a “compelling need” to merge the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). Brodsky was scheduled to testify at a House of Representatives Financial Services Committee hearing on Friday about the [...]

Geithner wants OTC derivatives traded on exchanges

A story from the Oil & Gas Financial Journal about U.S. Treasury Secretary Timothy Geithner talking about greater reglation for over-the-counter derivatives (OTC). OTC derivatives are a type of contract used on the commodity exhange. They are privately negotiated and traded directly between two parties, without going through an exchange or other intermediary. CLICK HERE to [...]