The Commodity Futures Trading Commission (CFTC) Thursday announced multiple whistleblower awards totaling more than $45 million. The awards demonstrate the growing success of the CFTC’s Whistleblower Program, in particular the increasing volume and complexity of incoming whistleblower submissions. Just last month, the CFTC announced an award of approximately $30 million to one whistleblower (see CFTC press release 7753-18, July 12, 2018) and the first award was made by the program to a whistleblower living in a foreign country (see CFTC press release 7755-18, July 16, 2018).
The Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against R.J. O’Brien & Associates LLC (RJO) of Chicago, for failure to diligently supervise its employees’ handling of customer accounts and for violating the terms of a prior Commission Order. At all relevant times, RJO was registered with the Commission as a Futures Commission Merchant.
Market events to watch this week
AlphaBot, a company that combines portfolio construction and execution, professional networking, cloud computing and data management all in one place, today announced it has added performance data and analysis tools enabling investors for the first time to compare, portfolio build, and compile reports on more than 1,600 cryptocurrencies and tokens.
Facebook lost about $119 billion of its value on Thursday, marking the biggest one-day loss in U.S. market history. The company's shares plunged $41.24, or almost 19%, to $176.26 a day after the social media giant reported disappointing results. The slide is the largest decline in market capitalization in history, exceeding Intel's $91 billion single-day loss in September 2000, according to Bloomberg data.
Market events to watch this week
Intercontinental Exchange Inc. (ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, announced plans to launch a physically delivered Permian West Texas Intermediate (WTI) crude oil futures contract, deliverable in Houston, Texas. The Houston delivery point has become the pricing center for U.S. crude oil production and exports, and the new flat price futures contract is designed to serve hedging and trading opportunities in this growing market.
Alt 5 Sigma Inc. is pleased to announce Wynston Hill Capital as its first FINRA-registered Broker-Dealer to launch the A5S cryptocurrency platform, a first-of-its-kind proprietary platform developed to connect financial institutions to the cryptocurrency global markets.
OptionMetrics, an options database and analytics provider for institutional and retail investors and academic researchers, has restructured its management leadership as it continues to expand into new markets. David J. Hait, Ph.D., founder of OptionMetrics, formerly President of the company, is now Chief Executive Officer.
Market events to watch for the week of July 16