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Response to the CFTC Staff Letter 25-05
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Re: CFTC Staff Letter 25-05
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We were excited to see emerging clarity that the CFTC Staff Action represented by letter 25-05, which withdraws Staff Advisory 21-19, may bring to the swaps market. Further clarity around what may trigger SEF registration should assist in facilitating the use of technology and innovation to provide more transparency to qualified swaps market participants in executing their swaps hedge transactions without triggering SEF registration. Consistently, we hear about concerns from corporates and other swaps market hedgers about “spoofing,” “fading,” and “being the product” that arise from certain technology options that are in use today. The Staff Action is the first step in what we hope will accommodate the rapid repositioning of capital and technology to provide more transparent hedging execution solutions that are fully aligned with corporate hedgers and consistent with more clear regulatory requirements.
Eric Melvin
Role and Responsibilities
Eric brings over 25 years of finance, energy risk management, and trading experience to Mobius Risk Group.
Previous Experience
Eric brings over 25 years of finance, energy risk management, and trading experience to Mobius Risk Group. His extensive trading and marketing experience includes natural gas (physical and financial), power, crude, products, coal, weather, fixed income, and foreign exchange. Eric has a proven record of accomplishment in developing and managing profitable energy trading, marketing, and origination groups. He has extensive knowledge of corporate governance, hedging strategies, trading processes, physical and financial trading systems, and energy accounting matters.
Education
- BA, University of Michigan, Ann Arbor
- JD, Detroit School of Law