The Commodity Futures Trading Commission (CFTC) has approved final rules to amend its large trading reporting regulations for futures and options.
The regulations require futures commission merchants, clearing members, foreign brokers, and reporting firms to report to the CFTC position information for the largest futures and options traders.
The new rules replace the data elements currently in the CFTC’s regulations with an appendix specifying applicable data elements. The final rules also specify the form and manner for reporting. In addition, the final rules remove the outdated 80-character data submission standard in the CFTC’s regulations. That standard will be replaced by a FIXML standard.
Vince McGonagle, director of the division of market oversight, said “These amendments will modernize the CFTC’s large trader position reporting and align it with other reporting structures set out in the CFTC’s regulations.”
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