Risk.net
The burden of US extraterritoriality rules may be easing
Three years ago, the then-chairman of the US Commodity Futures Trading Commission, Christopher Giancarlo, embarked on a tour of Asia, during which he apologised for the over-zealous extraterritoriality rules the agency had been responsible for over the years, and promised to do something about them.
This stance drove a sharp drop in the basis between LCH and the Japan Securities Clearing Corporation, as the market realised US clients might now be allowed to choose on which platform they clear swaps. The JSCC is not fully registered with the CFTC, whilst the LCH is.
SEC Staff Statement On Funds Registered Under The Investment Company Act Investing In The Bitcoin Futures Market - Division Of Investment Management Staff Date
11/05/2021
The Division of Investment Management (“IM”) staff strongly encourages any investor interested in investing in a mutual fund with exposure to the Bitcoin futures market, as discussed below, to carefully consider the risk disclosure of the fund, the investor’s own risk tolerance, and the possibility, as with all investing, of investor loss.[1] Among other things, investors should understand that Bitcoin, including gaining exposure through the Bitcoin futures market, is a highly speculative investment. As such, investors should consider the volatility of Bitcoin and the Bitcoin futures market, as well as the lack of regulation and potential for fraud or manipulation in the underlying Bitcoin market. As with any fund investment, investors should focus on the level of risk they are taking on, and the leve
Speculators keep bullish CBOT bets as futures continue historic run -Braun
Speculators’ bullishness toward Chicago-traded grains and oilseeds has hovered near record levels since late last year as global demand accelerates and supplies tighten, though various market participants have recently been in the driver’s seat when it comes to the persistent rally, especially in corn.
In the week ended May 4, speculators in the “other” category increased their net long to 133,068 futures and options contracts from 107,963 a week earlier according to the U.S. Commodity Futures Trading Commission. That coincided with a 6.5% gain in most-active futures.
The 23% increase in other traders’ net long marked their biggest corn-buying week in two years. Simply for context’s sake, a 23% jump in the prior week’s managed money net long would have yielded a new position of about 466,000 contracts – an all-time record.
Jupiter Accelerates U.S. Federal Government Initiatives
Biden Administration Renews Commitment to Address Climate Change, Underscores Demand for Sophisticated Risk Analytics
May 11, 2021 10:00 ET | Source: Jupiter Jupiter
SAN MATEO, Calif., May 11, 2021 (GLOBE NEWSWIRE)
Jupiter, the global leader in climate analytics for resilience and risk management, today announced its support for greater federal coordination of climate information services that will facilitate the sorely needed planning and development of more robust and resilient critical infrastructure across all sectors of society.
Jupiter supports the formation of a new Federal Climate Service (FCS) that would be responsible for a coordinated federal strategy to provide critical climate data and analytics to support a wide range of stakeholders and constituencies. Jupiter emphasized its support for the new FCS in a letter submitted into the Record for the hearing, “Working Towards C
A Goldman Sachs managing director reportedly quit after raking in huge gains from dogecoin ilee@insider.com (Isabelle Lee)
A Goldman Sachs executive quit after making millions from dogecoin, eFinancialCareers reported.
The former employee did not immediately respond to Insider s request for comment.
The report said he might be starting a hedge fund.
A Goldman Sachs managing director quit after making millions of dollars in profit from the meme currency dogecoin, eFinancialCareers reported on Monday.
The executive, Aziz McMahon, has been with the bank s London bureau for 14 years, according to his LinkedIn profile.
Goldman confirmed McMahon s departure but did not provide a reason. McMahon did not immediately respond to Insider s request for comment.