ELX Futures and CME Group are fighting it out over the legitimacy of exchange of futures for futures transactions, specifically related to Treasury futures.
Exchange executives are expressing concerns with the positions limits requirements they may be mandated to meet, questioning their viability.
Clearing mandates under consideration for over-the-counter derivatives will work well as certain guidelines are set, according to Gary Gensler, chairman of the Commodity Futures Trading Commission speaking at the conference.
The report on harmonization released last week by the Securities and Exchange Commission and the Commodity Futures Trading Commission was a bit disappointing, according to Gary Katz, ceo of International Securities Exchange.
New options exchanges expected to come online next year, such as C2, BATS' options exchange and others, could help bring down transaction fees, industry officials said during a panel on market innovation.
Brokers are anticipating the that they will be forced to slow their trading in the near future as regulators crack down, according to traders speaking about high frequency trading on a panel at the FIA Futures & Options Conference last Thursday.
The Chicago Board Options Exchange plans to create a professional customer designation. Speaking during the U.S. exchange outlook panel, Ed Tilly, executive v.p., said the CBOE's rule would be modeled after the designation the International Securities Exchange adopted after receiving approval last year.
The Futures Industry Association and Options Industry Council held their annual equity options conference at the New York Marriott Marquis last week.
More than 400 people attended the 27th Annual Options Industry Conference, held April 30-May 2 at the Hyatt Regency Bonaventure in Weston, Fla.