This week on The Spread - the OCC gives back to the derivatives industry, the CME Group pays hefty fines to the CFTC, Cboe plans for the worst, and more.

Since the end of 2019, the number of Commodity Pool Operators, or CPOs, registered with the National Futures Association has dropped by almost 6% and the number of Commodity Trading Advisors, or CTAs, has dropped 5% during the same time frame.

Alessandro Cocco is vice president of the Financial Markets Group at the Federal Reserve Bank of Chicago. Speaking at our MarketsWiki Education World of Opportunity virtual event in July 2020, Cocco said the word that connects climate change and finance is “risk.” 

Bevon Joseph, along with his wife Elois, founded the Greenwood Project to expose high achieving students of color on Chicago’s south and west sides to career opportunities in the financial industry.

While the Federal Reserve is known for its laser focus on goals that include maximum employment, price stability, moderate interest rates and a stable financial system, those goals have proven slippery as the coronavirus persists and continues to tamp down progress, exposing some structural gaps in the process.