January 26, 2010: CFTC Staff Sides with ELX on EFFs

LEAD STORIES

CFTC Staff Sides With ELX on EFFs
The CFTC disagreed with the CME Group's position that exchange of futures for futures transactions (EFFs), approved by the CFTC in 2009, would violate the Commodity Exchange Act. The new EFF rule, which was proposed by ELX Futures,  allows clearing members of both ELX and CME Group to transfer Treasury positions from one clearinghouse to another, allowing end users to use the more liquid CBOT markets for execution and move those positions into the Options Clearing Corporation, which serves as ELX's clearinghouse.
Here's the story from Futures Magazine: http://www.futuresmag.com/News/

...and another story on the same subject from the Financial Times:

Regulation threat to CME dominance
By Hal Weitzman in Chicago
Link: http://www.ft.com/cms/s/0/

STAC Mid-Winter Conference Summary, Part Six
Th Options Insider continues its coverage of the STAC 84th Annual Mid-Winter Meeting, finishing coverage of the Best Execution panel.
Link:  http://www.theoptionsinsider.com/industry

Also see:  STAC Conference Summary, Part Four
http://www.theoptionsinsider.com/industry/?id=3779

and: STAC Conference Summary Part Five
http://www.theoptionsinsider.com/industry/?id=3785

OptionsXpress names new CMO
The Chicago-based equity options and futures trading firm announced Tuesday that it has hired Kirk Chartier, 46, a branding expert, to be its chief marketing officer.
Link: http://www.chicagobusiness.com/

EXCHANGES

Osaka Securities Exchange seeks tie-ups
Derivatives trading grows in Japan
Financial Times has the story here: http://www.ft.com/cms/s/

optionMONSTER to Sponsor Special Sneak Preview of the Movie “FLOORED” on January 29th in San Francisco
Proceeds to be donated to The American Red Cross
optionMONSTER Group, owner of optionsMonster and online broker tradeMonster announced it will be sponsoring a special sneak preview of the documentary "Floored" about the Chicago trading floors, at 7:15pm on January 29th at the Invest Like a Monster Conference at The Palace Hotel in San Francisco.
Link:  http://www.businesswire.com/portal/

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