Skip to main content
News

Video: Exchange Analytics’ Larry Israel at World of Opportunity

  ♦Perspectives from Marketswiki Education World of Opportunity♦ John Lothian Productions has just released a video of the July 16 presentation by Exchange Analytics president Larry Israel at the Marketswiki Education's World of Opportunity event. Larry drew on 45 years of futures industry experience to…
Charlie Frank
September 10, 2019
News

What the heck does “annual” mean, anyway?

  ♦AML and Cybersecurity: A Tale of Two Deadlines♦ Earlier this year the National Futures Association published Cybersecurity FAQs to provide guidance supplemental to its Interpretive Notice on information systems security. This statement in particular caught our attention: "A Member will meet the annual requirement if…
Charlie Frank
June 17, 2019
News

Just released: New Anti-Money Laundering course

  ♦Death, Taxes and AML Training♦ If your firm is an FCM, IB or BD, one of life's certainties is that your employees (those involved in account solicitation, account opening, customer service, order execution, finance or treasury) need to take Anti-Money Laundering training every year. To…
Charlie Frank
June 4, 2019
News

A Must-Read: CFTC Enforcement Manual

  ♦An Agency First: CFTC DOE Enforcement Manual♦ The new Enforcement Manual issued by the Commodity Futures Trading Commission's Division of Enforcement is a significant 59-page document. It consolidates a wealth of information that was previously scattered among various enforcement decisions and memoranda. The manual…
Charlie Frank
May 23, 2019
News

“Regulatory creep” on the spoofing front

  ♦U.S. vs. Thakkar: Non-Traders Beware♦ One of the most fascinating panel discussions at last week's Futures Industry Association Law & Compliance Conference in Washington, D.C. focused on the recent Jitesh Thakkar spoofing case. The panel included moderator Marc Nagel, an attorney and chief consultant…
Charlie Frank
May 16, 2019
News

You Better Know the Nuances

  ♦Market Conduct Update: Pre-Open Guidance♦ CME Group released a Market Regulation Advisory last week to provide guidance on Globex pre-open activity. The advisory, which becomes effective April 25, covers order entry practices, disruptive trade practices and wash trades. The 26-page document is intended as…
Charlie Frank
April 18, 2019
News

CME Advisory: EFRPs Better Be Bona Fide

  ♦CME Advisory: Off-Market EFRPs Will Be Scrutinized♦ In an amended Market Regulation Advisory Notice that became effective yesterday, CME Group tightened the screws on Exchange for Related Position (EFRP) transactions that are not up to snuff. As reported by Gary DeWaal on March 11…
Charlie Frank
March 22, 2019