U.S. Derivatives Regulator Again Delays Curbs on Overseas Trades
(This article originally appeared on Bloomberg Markets)
Wall Street banks got a one-year reprieve from rules that would subject derivatives trades held overseas to tough U.S. oversight.
The delay announced Thursday by the Commodity Futures Trading Commission exempts some transactions set up in the U.S. to Dodd-Frank Act regulations until Sept. 30, 2017, as long as the trades are held in foreign affiliates.
The exchange launched on March 29 this year.
Micro WTI Crude Oil futures surpass 50,000 contracts traded.
They are the latest tool from CME to help establish a forward curve for a key material in the green economy.
6,344 new ICE Murban Crude Oil futures contracts traded on the first day.
The exchange plans to launch IFAD and trading in ICE Murban Crude Oil Futures on March 29.