Department profile
Katten

Derivatives

Global Guide 2026 : USA


Katten

Rankings

About

Provided by Katten

Katten's futures and derivatives attorneys represent a wide range of clients (dealers, end users, proprietary traders, brokers, advisors, exchanges and clearing organizations) on an equally wide range of commercial transactions (futures, structured products, and cleared and over-the-counter swaps) encompassing many different asset classes (interest rates, credit, commodities, securities and foreign exchange). This breadth of our practice gives us a valuable perspective on issues and a basis for creative problem solving.

The foundation of our practice is a deep understanding of futures and derivatives regulation, market practices and documentation. We negotiate agreements to help our clients close deals, not to prolong the negotiation process. We also help them understand and comply with the myriad rules and regulations affecting their businesses, and we defend them effectively when regulatory or litigation problems arise. Where appropriate to further our clients' business objectives, we also have been successful in obtaining regulatory relief that resolves issues before they turn into problems.

Our strong US and UK teams are fully coordinated so we can efficiently and consistently serve the needs of clients who do business on both sides of the Atlantic. Clients often rely on us to design three-cornered analyses for their activities in the UK, the EU and the US.

Chambers Review

Provided by Chambers

Derivatives - USA

Band 2

Band 2


What the Team is Known For
Katten is recognized in the market as particularly strong in dealing with regulatory issues surrounding futures trading, with expertise in cleared and uncleared swaps. The derivatives practice utilizes the firm's bankruptcy and tax and litigation specialists to provide a rounded service. Services are available to a range of different clients, including clearing houses and end users, among others. The firm offers notable expertise in both OTC and exchange-traded derivatives.

Work Highlights

Provided by Chambers

  • Katten represented Barclays in an investigation by the CFTC into our client’s failure to report swap transactions correctly, or to report them in a timely fashion.

Strengths

Provided by Chambers

  • Katten has a depth of experience, speed of response and understanding of the issues which is unmatched.

    Derivatives respondentGlobal
  • Katten stands out in the industry for its exceptional blend of deep legal expertise and a client-centered approach.

    Derivatives respondentGlobal
  • Katten takes time to understand the business and look for a solution to a problem, not just a textbook legal answer. The team leans upon its experience to provide thoughtful and pragmatic responses.

    Derivatives respondentGlobal
  • Katten provided timely guidance and regular updates. The team look for opportunities to propose more innovative solutions that balance compliance with business agility.

    Derivatives respondentGlobal
  • Katten’s approach is always methodical, collaborative, and results-oriented. Their ability to stay ahead of evolving legal trends and anticipate potential issues has been invaluable.

    Derivatives respondentGlobal

Notable Practitioners

Provided by Chambers

  • Band 1Carl Kennedy
    Band 1Carl Kennedy

    Carl Kennedy

    Carl Kennedy has experience in OTC and exchange-traded derivatives. He uses his deep knowledge of the CFTC to assist with regulatory compliance.
    • Carl is a go-to resource for us. His expertise and experience are relied upon when dealing with novel issues and applying regulations to unique fact patterns.

      Derivatives respondentGlobal
    • Carl stands out with a pragmatic and commercial approach to issues.

      Derivatives respondentGlobal
    • Carl is not just a legal advisor, he is a true business partner who consistently goes above and beyond to support our goals.

      Derivatives respondentGlobal
    • Carl is wonderful to work with; he is pragmatic and his in-house experience provides him with a unique commercial acumen.

      Derivatives respondentGlobal
    • Carl's understanding of our industry, combined with his innovative approach, allows him and his team to offer practical, strategic solutions that make a real difference.

      Derivatives respondentGlobal
  • Band 1Christian T. Kemnitz
    Band 1Christian T. Kemnitz

    Christian T. Kemnitz

    Christian Kemnitz serves as the chair of the financial markets litigation and enforcement department. He regularly advises major financial institutions clients on a range of derivatives enforcement issues.
    • Christian is extremely knowledgeable and responsive.

      Derivatives respondentGlobal
    • Christian is a trusted resource and a go-to for the industry.

      Derivatives respondentGlobal
    • He clearly knows the facts and is easy to get a hold of.

      Derivatives respondentGlobal
  • Band 4Daniel J Davis
    Band 4Daniel J Davis

    Daniel J Davis

    Daniel Davis is recommended for his regulatory guidance in the derivatives space, with additional insights into cryptocurrency.
    • Daniel is a powerhouse of regulatory knowledge and pragmatism. He has an ability to distill complex topics down to their basics and provides actionable insights.

      Derivatives respondentGlobal
  • Band 4Matthew Kluchenek
    Band 4Matthew Kluchenek

    Matthew Kluchenek

    Matthew Kluchenek has an excellent regulatory and enforcement practice in the derivatives space, including on crypto matters.

Ranked Individuals at Katten (5)

USA

Members

Provided by Katten

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