New for traders: CFTC to discuss bitcoin

New for Traders

CFTC Global Markets Advisory Committee to meet in October

The U.S. Commodity Futures Trading Commission (CFTC) announced Thursday that the Global Markets Advisory Committee (GMAC) will hold a public meeting on October 9, 2014 at CFTC’s headquarters in Washington, D.C.

The meeting will focus on issues related to clearing Non-Deliverable Forwards (NDFs) and the digital currency bitcoin. The meeting will consist of two panels. The first will discuss whether a clearing mandate is appropriate for NDFs, with a particular focus on how such a mandate would impact foreign exchange contracts. The second panel will discuss CFTC’s jurisdiction with respect to derivatives contracts that reference the digital currency bitcoin.

The meeting is open to the public with seating on a first-come, first-served basis.  Members of the public may also listen to the meeting via conference call using a domestic toll-free telephone or international toll or toll-free number to connect to a live, listen-only audio feed.  A video recording of the meeting will be made available on the www.cftc.gov approximately 48 hours after the meeting.  

  • Elliott Wave announces first ever investor open house

For one exciting week -- from noon Eastern time Thursday, Sept. 25, to noon Wednesday, Oct. 1 -- we are throwing open the doors to ALL of our investor services. And it's 100% free! You pay nothing but get everything: from long- to near-term outlook, every major stock index, every major currency relationship, and even precious metals and energy markets, including: DJIA, S&P 500, FTSE, DAX, CAC40, Euro Stoxx 50, Shanghai Composite, HSI, STI, KOSPI, ASX, EUR/USD, USD/CHF, GBP/USD, USD/JPY, AUD/USD, EUR/JPY, EUR/CAD, AUD/JPY, gold, silver, crude oil, natural gas -- the list goes on! Please register for the event now, mark your calendars for Thursday, Sept. 25 - Wednesday, Oct. 1, and stay tuned for important updates and your exclusive links to get started when the event begins.

  • CME releases performance bond requirements

As per the normal review of market volatility to ensure adequate collateral coverage, the Chicago Mercantile Exchange Inc., Clearing House Risk Management staff approved the performance bond requirements for the following products listed.

  • World Gold Trust Services Appoints William Rhind as CEO

World Gold Trust Services, LLC, a wholly-owned subsidiary of the World Gold Council, has named William Rhind as its Chief Executive Officer. His appointment is with immediate effect and alongside his responsibilities for ETFs, at the World Gold Council. Established in 2004, World Gold Trust Services is sponsor to SPDR Gold Trust, Exchange Traded Fund (ETF) whose shares are traded as SPDR Gold Shares (“GLD”) on the New York Stock Exchange, in addition to exchanges in Singapore, Tokyo, Hong Kong and Mexico.


  • TeraExchange Launches First Regulated Bitcoin Derivatives Trading 

TeraExchange, a swap execution facility registered with the Commodity Futures Trading Commission (“CFTC”), announced that it launched the first regulated platform for bitcoin derivatives and a spot bitcoin price index. The trading of USD/Bitcoin swaps will be subject to the rules and regulations of TeraExchange and the CFTC. The bitcoin derivative and the Tera Bitcoin Price Index were created to meet the growing demand of global merchants, payment processors, miners, and hedge funds for an efficient hedging tool. Institutional market makers have already offered to provide continuous markets over a range of tenors.

 
  • Japan OTC Exchange granted permission for additional products LNG

Japan OTC Exchange Inc. (JOE) was granted permission for additional products "LNG (liquefied natural gas)" in the Type 1 Facility Similar to Specified Commodity Market by the Ministry of Economy, Trade and Industry. JOE will start the LNG Non-Deliverable Forward trading from September 12.
 

  • Tokyo Commodity Exchange granted approval to adjust Exchange Rules

The Tokyo Commodity Exchange, Inc. announced today that it was granted an approval from the Ministers of Agriculture, Forestry and Fisheries as well as Economy, Trade and Industry on September 9 to adjust the Exchange Rules and introduce Settlement Price Trading. TOCOM will start accepting applications for Settlement Price Trading on October 6, 2014. This is a new option to transact away from the market allowing all market participants to trade at the settlement price by prior application to the Exchange.
 

  • Chicago-Kent College of Law hosts the 6th Annual Conference on Futures and Derivatives

Please join us on Friday, October 17, 2014, when Chicago-Kent College of Law hosts the "6th Annual Conference on Futures and Derivatives". This is a full day program covering important topics for compliance officers, regulators, accountants and attorneys who work within the Futures industry.  Attorneys will receive 6 hours of CLE credit including an hour of ethics. Accountants will receive CPE.
 

  • RJO's Canadian affiliate becomes clearing member of the Montreal exchang

R.J. O’Brien & Associates (RJO), the oldest and largest independent futures brokerage and clearing firm in the United States, announced that its Canadian affiliate, R.J. O’Brien & Associates Canada Inc. (RJO Canada), has become a clearing member of the Montreal Exchange (MX) as part of the operation’s continued expansion throughout Canada.

Established in 2010, RJO Canada is also a clearing member of Canada’s other major futures exchange, ICE Futures Canada. Since its launch, the RJO affiliate has more than doubled its staff and opened offices in Toronto, Winnipeg and Calgary.

 

  • Announcing the Options Pro Trading Room webinar

    Date / Time:  09/13/2014 10:00 US/Central

    Description:   Join Randall Liss, Tim Evans, and Jamie Leeney as they discuss what you can 

Sign up here. 

 

  • Modification of the Variable Tick Range on E-mini NASDAQ 100 & NASDAQ 100 futures

Effective Sunday, Sept. 21 for trade date Monday, Sept. 22, and pending all relevant CFTC regulatory review periods, the Chicago Mercantile Exchange, Inc. (CME or EXCHANGE) will amend the variable tick range for Options on E-mini NASDAQ 100 Index futures and Options on NASDAQ 100 Index futures to 5.00 points from 3.00 points.

Note that the Trading tick remains same, just the premium range is changing from 3 to 5 points.

Click here to read the full advisory.

Oct. 7-8 9:00 a.m.- 5:00 p.m. | NFA, Chicago

This robust educational course provides a strong foundation in the fundamentals of market theory and industry practice. The course, along with the study manuals and test simulator, also helps prepare industry professionals and new hires for the NFA's Series 3 exam.

Course fee includes two textbooks and Series 3 PassMaster - a Web tutorial and exam simulator for candidates studying 

Research and production of the retrospective 500th print issue of Futuresmagazine produced a number of memorable moments. The issue is now live online for free. Check it out today.  
 

Effective Sunday, September 7, 2014 for trade day Monday, September 8, 2014 and pending all relevant CFTC regulatory review periods, the Chicago Mercantile Exchange Inc. (CME or Exchange) will expand the daily price limits for Live Cattle Futures (Clearing Code = LE, Globex code= LE and Open Outcry code = LC) to $0.050 per pound for the final two (2) trading days of the expiring month contract. 

 

  • CME Group Margins

Performance Bond Requirements: Crude Oil, Electricity, Metals, Natural Gas, and Refined Products Outrights; ERIS Intra-Commodity Spread Charges; Coal, Crude Oil, Electricity, Equity Index, Metals, Natural Gas, and Refined Products Inter-Commodity Spread Credits- Effective Friday, August 22, 2014.

As per the normal review of market volatility to ensure adequate collateral coverage, the Chicago Mercantile Exchange Inc., Clearing House Risk Management staff approved the performance bond requirements for the following products listed.

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