Today the National Futures Association issued a press release announcing that its board approved the formation of a Swaps Proficiency Requirements Advisory Committee which will oversee the development of a Swaps Proficiency program for individuals to be tested on, according to the Commodity Exchange Act’s training standards. The exam would test Associated Persons on market […]
CFTC No Action from Including International Swaps for Global Development CFTC Reduces Marketplace Barriers for Global Development Initiatives May 16, 2018 Washington, DC — The Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight (DSIO) today granted relief to non-US counterparties who enter into swaps with International Financial Institutions (IFIs), such as development banks. […]
April saw the most enforcement actions by the CFTC for the year 2018. Some of these were the typical commodity pool schemes, precious metals schemes, spoofing, and fraud in Retail Forex; yet other enforcement actions involved new technologies such as Binary Options fraud relying on technology.
RED List Identifies Entities Operating Illegally for Binary Options and Forex Washington, DC — As part of the Commodity Futures Trading Commission’s (CFTC) ongoing efforts to help protect Americans from fraud, today the CFTC added 21 new names to the Registration Deficient List (RED List). These 21 new additions bring the total number of foreign entities […]
It seems safe to assume that the SEF registration rules will disrupt these trends, as traders will be more inclined to conduct business via single-trade platforms in order to circumvent the process altogether.
While some traders plan to fall back on other options for their insights, such as the New York Mercantile Exchange, these reports don’t offer as much data as the CFTC’s.
President Barack Obama met with Wall St regulators on Monday, August 19th 2013 to discuss the progress made after the 2010 passing of the Dodd-Frank Act.
Hurricane Sandy took a physical toll on New York City, but a joint meeting of the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), and the Commodity Futures Trading Commission (CFTC) on the topic of disaster recovery, proved that it’s not just physical damage that companies are worried about.
Also in his testimony, Gensler cited the recent progress made with cross-border swaps regulation in addition to registration of securities as positive steps forward in the CFTC’s aim to create transparency in the futures industry.
The impacts of the Commodities Futures Trading Commission’s (CFTC) response to cross-border swaps are yet unknown. With a 75 day period of guidance in addition implementation of the final ruling, this unprecedented move by the CFTC may deeply impact the derivatives market.
Washington, DC – FIA and the FIA Principal Traders Group (together, FIA) today urged the Commodity Futures Trading Commission (CFTC) to retain the current $8 billion de minimis threshold for swap...London—6 August 2018 — FIA today announced the publishing of a fully updated and comprehensive set of industry standard contractual terms for derivatives clearing – the FIA Terms of Business 2018...On July 31, the U.S. Treasury Department released a report on financial technology and innovation. The report is the fourth and final in a series drafted in response to an executive order issued...Each year FIA organizes an Innovators Pavilion at the Futures & Options Expo in Chicago to showcase fintech startups that are offering forward-thinking solutions for the global capital markets...FIA submitted a letter to the European Commission and European Securities and Markets Authority on July 27 expressing opposition to the idea of allowing public entities to be exempt from...Washington, D.C.—July 25, 2018—FIA today released its half-year 2018 report on trading activity in the global exchange-traded derivatives market.... (RSS generated with FetchRss) […]
FinanceFeeds - The rule would provide the Exchange with authority to require participation by certain member organizations in industry-wide tests to validate that their processing in the event of MWCB is as expected within their systems. The post SEC approves NYSE proposal to require certain members to take part in circuit breaker testing appeared first on FinanceFeeds. […]
FinanceFeeds - The US Government says it should be able to cross-examine a witness with facts tending to show that the banks did not, in fact, condone the traders' behavior. The post DOJ wants to be able to refer to bank guilty pleas in case against FX Cartel appeared first on FinanceFeeds. […]
FinanceFeeds - A case which alleged that FXCM Inc and Drew Niv misled investors about the risks associated with FXCM’s business gets dismissed in New York. The post NY Court rules in favor of Drew Niv and FXCM Inc in “Black Swan” case appeared first on FinanceFeeds. […]
FinanceFeeds - The improvements are set to be particularly helpful to financial advisors that manage a large number of accounts. The post Interactive Brokers’ TWS platform streamlines process for handling FA allocation orders appeared first on FinanceFeeds. […]
FinanceFeeds - In the first six months of 2018, BBVA sold more than 10 million units through digital channels. The post BBVA records substantial increase in sales via digital channels in H1 2018 appeared first on FinanceFeeds. […]
FinanceFeeds - The majority of the recovered funds come from the accounts of binary options marketers rather than binary options brokers. The post Amount recovered in binary options fraud case reaches $9.3m appeared first on FinanceFeeds. […]
FinanceFeeds - Anthony Motto, who had accused the bank of tortious interference with contract, unjust enrichment, and fraudulent concealment, dismissed his individual and class claims against Mizuho Bank without prejudice. The post Former MtGox customer drops claims against Mizuho appeared first on FinanceFeeds. […]
FinanceFeeds - AUAC increased 63% from the same period in 2017 and reached $1,281 in the second quarter of 2018. The post Plus500 registers steep rise in client acquisition costs in Q2 2018 appeared first on FinanceFeeds. […]
FinanceFeeds - The company apologizes to its clients about making them wait but does not specify a date for the launch of Macaso. The post Clients of Japanese retail FX broker Excite One have to wait for new social trading service appeared first on FinanceFeeds. […]
FinanceFeeds - Alan Partridge's apple pie, what our industry thinks of embracing online ad change, too good too soon, shrinking the country, and lordblanket's grumpiness catches London's attention The post “Mind The Gap!” – The life and times of a man on the move Episode 7 appeared first on FinanceFeeds. […]
Press release about BCBS, CPMI, FSB, IOSCO report "Analysis of Central Clearing Interdependencies", 9 August 2018 […]
BCBS, CPMI, FSB, IOSCO press release about FSB and standard-setting bodies consulting on effects of reforms on incentives to centrally clear over-the-counter derivatives, 7 August 2018. […]
Press release about CPMI and IOSCO publishing "Implementation monitoring of the PFMI: Level 2 assessment report for Canada", 2 August 2018. […]
Fraudsters continue to impersonate FINRA executives, offering bogus investment "guarantees" to investors as part of an advance-fee scam. Read more about the lengths these fraudsters go to in creating a false sense of security. […]
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CPMI Press Release "Jurisdictions continue to make progress in implementing standards for payment, clearing and settlement", 23 July 2018. […]
Press Release - the Basel Committee on Banking Supervision is issuing a revised G-SIB framework, 5 July 2018. […]
The Committee on the Global Financial System is issuing a report on "Financial stability implications of a prolonged period of low interest rates", July 2018. […]
Basel Committee issues technical amendment to the Net Stable Funding Ratio, 29 June 2018. […]
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