OANDA, New York based forex trading serving provider recently revealed in an announcement that it has made a new addition to its APAC region senior level leadership team. As per statement released by the firm…
CFTC Has Full Commissioner Slate
The full slate of commissioners is finally set at the Commodities Futures Trading Commission (CFTC). The US Senate approved Dawn Stump and Dan Berkovitz as the fourth and fifth Commissioners on the CFTC. The CFTC…
Virtual Currency SRO Takes Another Step Forward
A self-regulatory organization to regulate virtual currency took another step forward. The Virtual Commodity Association (VCA) announced it was forming a working group. The VCA is the brainchild of the Winklevoss twins, who initially rose…
FINRA Staff Talk About Innovation Initiative
[caption id="attachment_314687" align="alignleft" width="196"] Kavita Jain, Director Emerging Regulatory Issues at FINRA[/caption] Artificial intelligence is helping the Financial Industry Regulatory Authority (FINRA) spot spoofing. That promising statement was made by Kavita Jain, Director, Office of…
FIA Supports De Minimus Threshold
Industry leaders wrote a letter in support of the Commodities Futures Trading Commission’s proposal to keep a swap threshold in place. The Futures Industry Association (FIA) wrote a letter this week in support of CFTC’s…
CFTC Does Flash Crash Analysis
[caption id="attachment_185786" align="alignleft" width="170"] Andrew Busch, Chief Market Intelligence Officer for the CFTC[/caption] So-called flash crashes are not increasing, and these sorts of events are rarely caused by humans in US futures markets. That was…
No Agreement Yet Between CFTC/Europe on Clearinghouse Equivalency
Clearinghouse equivalency continues to be a thorny issue between the Commodities Futures Trading Commission (CFTC) and European regulators. That was the message from CFTC Chair Chris Giancarlo as he testified in front of the House…
New Lawsuit Alleges Advantage Futures Conspiracy
A newly filed lawsuit suggests the clearinghouse for 3 Red Trading was more heavily involved in perpetuating and covering up widespread spoofing at the proprietary trading firm than previously thought. Advantage Futures is a futures…
Clampdown on Foreign Spoofers – Homegrown Ignored
Even as the US Department of Justice (USDOJ) and the Commodities Futures Trading Commission (CFTC) take victory laps portraying themselves as breaking up a global spoofing ring, they have all but ignored far more spoofing…