Financial Times February 10, 2010 US regulators will miss a July deadline set by Dodd-Frank legislation for some of the rules on newly policed swaps markets, the head of the main derivatives regulator has said. Gary Gensler, chairman of the CFTC, said the regulator was still working towards the deadline, but that some of the rules will be put in place after July, and that "We don't have the budget for implementation." There are concerns that these users might still be subject to margin requirements, however. "There is a growing concern among end-users that they will be subject to margin

Reuters February 10, 2011 Traders in physical commodity markets from grains to oil to sugar and gas are worried that a U.S. government push to regulate opaque over-the-counter trading will disrupt their business. At issue is scrutiny by the CFTC on trading by cash merchants of contracts for things like grain barges or oil tank cars, as "paper" commodities. One grain merchandiser explained that the problem is lack of CFTC definition now that could bite traders later. "The rule says if you have the physical intent to deliver then it's not a swap. But what happens is everybody has physical intent

Bloomberg February 10, 2011 The CFTC warned Congress it may be forced to lay off at least 35 from a staff of about 700 next month unless it gets an emergency infusion of $31 million, according to two people familiar with the commission's budget problems. Cross References Dodd-Frank Act, Title VII

CFTC Announcements 76 Fed. Reg. 6120 February 3, 2011 The Joint CFTC-SEC Advisory Committee on Emerging Regulatory Issues will hold a public meeting on February 18, 2011, from 9:30 a.m. to 12 p.m., at the CFTC's Washington, DC headquarters. At the meeting, the committee will discuss matters relating to its recommendations regarding the market events of May 6, 2010.

9 February 2011 The London Stock Exchange (LSE) has agreed an all share merger of equals with TMX Group, which operates the Toronto Stock Exchange. The merger has been unanimously recommended by the Boards of both LSE and TMX Group. The merged group will be headquartered in both London and Toronto and become the world's largest exchange for mining companies.