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Contact:
Patricia Campbell
Peregrine Financial Group, Inc. (PFG)
(312) 775-3411
pcampbell@PFGBEST.com

DJ MARKET TALK: Futures Exchanges Brace For SEC/CFTC News

US futures exchanges brace for a joint press conference this morning hosted by CFTC and SEC, overseers of the industry in what observers view as a sometimes uneasy alliance. Experts predict an announcement about improved collaboration between the two, heading off any Treasury-inspired efforts to merge them. Many in derivatives industry have been frustrated by SEC´s rules-based approach on product development, with the CFTC´s principles-based regulation viewed as nimbler. "A positive [development] would be if the SEC simply recognized the importance of the type of regulatory techniques that the CFTC uses," PFG Best CEO Russ Wasendorf Sr. said. (DWC)