Commentary

John Turney
Traders Magazine Online News

Foreign Exchange Infrastructure: Yesterday, Today and Tomorrow

In this exclusive to Traders Magazine, John Turney, Global Head of Outsourced FX at Northern Trust, discusses the evolution of the fx infrastructure and what is to come.

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May 31, 2001

SEC and CFTC Agree on Futures

By Gregory Bresiger

Trading in security futures products is expected to begin this summer, according to officials of the Securities and Exchange Commission and the Commodity Future Trading Commission.

The two regulators have announced joint rules for implementing new statutory provisions governing security futures products.

Futures contracts on broad based indexes are under the exclusive jurisdiction of the CFTC.

The proposed rules will be published in the Federal Register. Then there will be a 30-day comment period. If all regulatory requirements are met, trading of the contracts would begin on August 21. The proposed rules are available at www.cftc.gov and www.sec.gov.