The Commodities Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have signed a mutual cooperation agreement designed to help both agencies work in sync when it comes to bringing new exchange traded funds (ETFs) to the market.
The agreement will go into effect immediately, just in time to conduct a coordinated review of two new derivative products based on streetTRACKS Gold Trust (GLD).
Over the long-term, Hedgeweek says, the partnership will provide enhanced information sharing that will guide the two agencies in the launch of new products that have elements of securities and commodities futures or options.
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