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CFTC, FERC begin to share information on markets

From the March 7, 2014 issue of Public Power Daily

Originally published March 7, 2014

By Robert Varela
Editorial Director
The Commodity Futures Trading Commission (CFTC) and Federal Energy Regulatory Commission (FERC) announced the initial transmission of market data for use in analyzing market activities and protecting market integrity, marking the first use of their recently-adopted memorandum of understanding (MOU). 

The agencies said they have created a staff-level Interagency Surveillance and Data Analytics Working Group to coordinate information-sharing between the agencies and focus on data security, data-sharing infrastructure, and the use of analytical tools for regulatory purposes. 

The implementation of the information-sharing agreement and the creation of the working group "represent a milestone in interagency market oversight and will better ensure the integrity of the energy markets," said CFTC Acting Chairman Mark Wetjen.

"Sharing of this market data will benefit customers by strengthening oversight of the energy markets in order to promote their fairness and effectiveness," FERC Acting Chairman Cheryl LaFleur said. 

As directed by Congress under the Dodd-Frank Wall Street Reform and Consumer Protection Act, the CFTC and FERC entered into an agreement on Jan. 2 to share information for use in analyzing market activities and protecting market integrity. 


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