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…
My Funded Futures review: payouts, drawdown and the…
Verdict. My Funded Futures suits futures traders who want daily payouts and no daily loss limit, and who can live with a trailing drawdown that follows the account high. The Rapid plan's 90/10 split with…
Prop trading regulation diverges as CFTC acts, ESMA…
Retail proprietary-trading firms — the "funded trader" challenge industry — now face opposite regulatory trajectories on either side of the Atlantic: US firms are voluntarily registering with the Commodity Futures Trading Commission (CFTC) and National…
Wells Fargo in House Financial Services Crosshairs
Wells Fargo is in the cross hairs of a powerful California Democrat. Maxine Waters is a Democrat from the State of California and she is the Chair of the House Financial Services Committee. The schedule…
NFA Releases Annual Report
The NFA is the self-regulatory organization for the futures industry in the US. The National Futures Association (NFA) said it had largely met goals it set a year ago in a new 2019 Review annual…
NFA Bars Chicago Commodities Firm
“NFA has permanently barred Systra LLC (Systra), an NFA Member commodity trading advisor located in Chicago, Ill., and its sole principal and associated person Robert H. Kopp from membership and from acting as a principal…
NFA Summarizes Most Recent Board Meeting
The National Futures Association is the SRO for the futures industry in the US; it held its most recent board meeting last month. Thomas Sexton is the Chief Executive Officer of the NFA, and he…
NFA Bars Commodity Pool Operator
The NFA announced the action against Beverstone Fund Management. “NFA has permanently barred Beverstone Fund Management (Beverstone), an NFA Member commodity pool operator and commodity trading advisor located in George Town, Cayman Islands, and its…
NFA Sanctions a Wells Fargo Division
The National Futures Association, the futures industry SRO, cited a swap dealer division of Wells Fargo Division recently and ordered that dealer to pay $2,500,000. “On August 9, 2019, the Committee issued a complaint against…