The National Futures Association has sent a rule submission letter to the CFTC regarding new disclosure obligations for FCMs, IBs, CPOs, CTAs, and Pools and Managed Account Programs engaging in virtual currency derivatives and virtual currency transactions as well as other activities in underlying or spot virtual currencies would require the new disclosure.
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 […]
NFA Fines XFA Introducing Broker $100,000 For Compliance Violations Today the National Futures Association announced it ordered X-Change Financial Access, LLC. (XFA) Introducing Broker based in Chicago a $100,000 penalty for lack of “adequate supervisory procedures” to monitor and prevent violations of NFA Member Responsibility Action (MRA). Full Press Release below, “The Decision, issued by NFA’s […]
Last week the NFA sent a notice regarding the Department of Treasury’s Office of Foreign Assets Control (OFAC) as it applies to Virtual Currency such as Bitcoin. The NFA urges its Futures Commission Merchants (FCM) and Introducing Brokers (IB’s) to review the OFAC FAQ for cryptocurrency transactions compliance with their Anti-Money Laundering program.
Mintco Precious Metals Traders Fined and Banned by CFTC Court Order Federal Court sides with CFTC Enforcement Actions filed on September 2015 against Florida-based Mintco LLC and their owners Stuart Rubin and Richard Q. Zimmerman. Consent Orders by Federal Judge Beth F. Bloom fines Mintco $250,000 and Zimmerman $45,000, as well as a 3-year trading […]
The CFTC released a statement of three regulated US Exchanges, CME, CFE, and Cantor self-certified new contract for Bitcoin futures and products. On Friday December 1st, the CFTC announced that the world’s largest futures exchange, the Chicago Mercantile Exchange (CME) completed self-certification with the Commission to launch Bitcoin futures contract on December 18. Futures contracts […]
Terrence Duffy, Chairmen of the CME Group, counseled Senators against a pending CFTC ruling regarding collateral set aside by brokerages on July 17th, 2013. Duffy’s presentation before the Senate Committee on Agriculture, Nutrition and Forestry was in a hearing to evaluate the CFTC.
Oil industry companies have largely managed to avoid the scrutiny of derivatives trading and registration as swap dealers, according to Reuters.
The National Futures Assocation (NFA) announced yesterday that Cargill Inc is the first major non-financial entity to be registered as a swap dealer.
The National Futures Association (NFA) announced its intention to implement 21 changes and recommendations to how it manages futures industry firms. The news comes after the Berkeley Research Group (BRG), as part of its independent analysis of NFA’s audits of the Peregrine Financial Group, uncovered countless auditing oversights in the wake of the $200 million […]
FinanceFeeds - The regulator, however, has managed to serve Jiongsheng (“Jim”) Zhao with the Summons and Complaint earlier this week. The post CFTC still unable to confer with Australian trader accused of spoofing appeared first on FinanceFeeds. […]
Press Release - the Basel Committee on Banking Supervision is issuing frequently asked questions on the liquidity risk treatment of settled-to-market derivatives, 20 September 2018. […]
Press Release - the Basel Committee on Banking Supervision is finalising stress-testing principles, reviews ways to stop regulatory arbitrage behaviour, agrees on annual G-SIB list, discusses leverage ratio, crypto-assets, market risk framework and implementation, 20 September 2018. […]
FinanceFeeds - The appointments take effect following the AGM and as such both Directors will seek election by shareholders at the 2019 AGM. The post IG Group appoints Sally-Ann Hibberd and Jonathan Moulds as Non-Executive Directors appeared first on FinanceFeeds. […]
FinanceFeeds - Traders can avoid navigating through multiple layers of menus by simply typing what they need in the relevant search field. The post Interactive Brokers introduces further search enhancements to TWS platform appeared first on FinanceFeeds. […]
FinanceFeeds - Nearly three months after the new EU rules that ban binary options offering to retail investors came into effect, France's regulator continues to detect such entities. The post France’s black list of binary options firms grows despite new ESMA rules appeared first on FinanceFeeds. […]
London, UK– FIA Tech today launched a new Transfer Protocol to help firms prepare for the transitioning of execution and clearing businesses triggered by the UK’s departure from the European Union...Washington, D.C.— FIA is pleased to announce that Amazon Web Services (AWS) has agreed to sponsor FIA’s fourth annual Innovators Pavilion , a showcase for fintech startups that are offering...Washington, DC - Today, FIA President and CEO Walt Lukken paid tribute to the 30 year success of FIA affiliate FIA Japan: “I congratulate the FIA Japan Board of Directors and Members on...Washington, DC – FIA, the Institute of International Finance (IIF), and the Global Financial Markets Association (GFMA) filed a response to the consultative report of the Derivatives Assessment...FIA and 17 other trade associations active in energy markets jointly submitted a statement highlighting an urgent need to confirm the extension of the VAT derogation for a domestic reverse charge...On 31 August, FIA and ISDA submitted a joint response to ESMA’s consultation paper on Clearing Obligation under EMIR (no.6), in particular relating to the treatment of intragroup transactions. FIA...On 29 August 2018, FIA filed jointly with GFMA, ISDA and LBMA a response to IOSCO, asking for certain clarifications regarding the scope of the Sound or Good Practices and the provided examples... (RSS generated with FetchRss) […]
FinanceFeeds - OSE has imposed a JPY 40 million fine on the company and has ordered suspension of trading of government bond futures on the company's proprietary account by its department handling trades in financial markets. The post OSE, TSE take disciplinary action against Mitsubishi UFJ Morgan Stanley Securities over spoofing appeared first on FinanceFeeds. […]
FinanceFeeds - The experiment will see quantum-inspired computing power used to help portfolio managers decide on the right composition for the bank’s high quality liquid assets portfolio. The post NatWest commences tests with quantum computing power appeared first on FinanceFeeds. […]
FinanceFeeds - Revenue in the quarter to end-August 2018 was £128.9 million, down 5% from the equivalent period in the prior year. The post ESMA rules, lower volatility weigh on IG Group’s revenues in Q1 FY19 appeared first on FinanceFeeds. […]
FinanceFeeds - Australian financial services licensees, credit licensees, authorised credit representatives and superannuation trustees have to join AFCA no later than September 21, 2018. The post ASIC urges financial services licensees to join new dispute resolution body appeared first on FinanceFeeds. […]
FinanceFeeds - Worldpay will transition to a single chief executive officer, which will be its current Executive Chairman and co-CEO Charles Drucker. The post Philip Jansen to step down as Worldpay co-CEO at the end of 2018 appeared first on FinanceFeeds. […]
FinanceFeeds - In the field of finance, the Digital Annealer has applications, such as the clustering method of analysis in predicting stock price changes. The post Fujitsu, Waseda University to co-operate on Digital Annealer Research in finance area appeared first on FinanceFeeds. […]
Financial fraud routinely follows on the heels of disaster. Hurricane Florence and its aftermath are no exception. We are issuing this Alert to warn investors that investment scams may come your way touting stocks and other investments with the promise of huge gains in the wake of Florence. […]
Press release about Markets Committee analysing changes in fast-paced electronic markets (17 September 2018) […]
CPMI Press Release "Payment, clearing and settlement operators meet on global cyber-resilience", 14 September 2018. […]
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CPMI Press Release "Call for comments on governance of OTC derivatives data", 16 August 2018. […]
FINRA is issuing this alert to inform investors that investments in digital assets, such as ICO tokens and cryptocurrencies, can involve significant uncertainty, as well as risks that are different from more conventional assets like stocks or bonds. […]
Press release about BCBS, CPMI, FSB, IOSCO report "Analysis of Central Clearing Interdependencies", 9 August 2018 […]
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