CFTC offices
January 08, 2018 BY Valentina Kirilova

CFTC issues no-action relief to futures commission merchants

The Commodity Futures Trading Commission (CFTC)’s Division of Swap Dealer and Intermediary Oversight announced that it has issued no-action relief to registered futures commission merchants and introducing brokers to exclude deferred tax liabilities that are directly related to the capitalized costs of certain non-allowable assets when computing their adjusted net capital under Regulation 1.17. The…

Read more
acquisition
January 08, 2018 BY Valentina Kirilova

TP ICAP plc announces the acquisition of SCS Commodities Corp

TP ICAP plc announced that is has acquired SCS Commodities Corp, an independent energy and commodities broker based in the US. SCS has expertise in crude oil futures, soft commodities, petroleum and refined products, natural gas options and crude oil options. It has 26 brokers who provide clients with continuous coverage of energy markets around…

Read more
January 08, 2018 BY Valentina Kirilova

France's AMF and FranceAgriMer sign an agreement to facilitate the exchange of economic information

The French regulator AMF and FranceAgriMer announced that have signed an agreement aimed at strengthening their cooperation to enable the AMF to more effectively perform its new duties in relation to agricultural commodity derivatives markets and FranceAgriMer to fulfil its role of understanding and organizing such markets. Following the 2007-2008 economic crisis, the regulatory framework…

Read more
clone firm FCA warning
January 08, 2018 BY Valentina Kirilova

FCA warns against Trinity Wealth Management clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Trinity Wealth Management. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics…

Read more
January 07, 2018 BY Mariela Naydenova

Mark Zuckerberg on the future of Bitcoin and cryptocurrencies

Technology moguls are by far the most frequent leaders to speak about the value of blockchain, Bitcoin and the overall cryptocurrency market. While central banks and governments are fighting against the power and revolution the digital currencies have created, technology leaders seem to understand and embrace the currency of the "future" constantly. Facebook's founder and…

Read more