CFTC Chairman Michael O’Connor has just approved the release of the public list of the CFDCs holdings for the first time.
As a result, the CFD trading industry has been able to begin to move forward.
The CFTC said Thursday the final list was approved “with the assistance of a panel of outside experts and independent advisors.”
CFD’s is a large industry, with nearly $8.5 trillion in assets.
CFDC’s are typically used to buy and sell securities and to make trades in futures and options.
Traders and analysts said it would be good to see more transparency from the CFCC, which controls the CFDA.
It could help the market keep pace with the changing realities of the financial industry.
“We are pleased to see that the CFC is taking a much-needed step forward in the development of transparency in the securities industry,” said Robert McAfee, an investment manager and chairman of the Financial Industry Regulatory Authority, which represents the trading industry.
The CFTC did not release the names of the companies in the public listing of the trades.
Some analysts said the release would be welcome.
“I think the more transparency, the better, and the more accurate,” said Jefferies analyst Matthew Reifman.
Others worried about the release, including the CFAC’s James Siegel, who runs the CFDD’s index.
For investors who are concerned about CFDC trading, the announcement is good news, but there is no guarantee that the market will be in a better position.
It would be difficult to predict what the market reaction will be to the release.
As an industry, the trading community is divided over the CFRC’s announcement.
Many have criticized the move, arguing it is not a good step forward.
While the CFTR has made moves to improve transparency, there is still much work to be done.
The public list is just the first step, according to CFTC Commissioner Mary Jo White.
White said in a statement that the release is a “step in the right direction.”
“The CFDA has been one of the most transparent institutions in the nation for many years,” she said.
“I’m hopeful that we can continue to move the industry forward and create a more transparent market.”
For more CFTC news, go to the CFCA website.
