Larry Williams is the embodiment of an individual speculator in the futures markets. Trading successfully, as well as designing indicators and teaching other traders, for 50 years, he looks back at his robust career.
The CFTC obtained a record $3.27 billion in monetary sanctions imposed against companies and individuals.
The CFTC obtained a record $3.27 billion in monetary sanctions imposed against companies and individuals.
This is the first time in our history that the NIBA has recommended nominees for NFA Board positions. To ensure the recommendations accurately reflect members’ opinions, BoD members (excluding non-registrants and FCM members) voted.
While on the Board, we have prioritized acting in our fiduciary capacity as Directors above maintaining consensus and the status quo. While we have acted professionally, we have not hesitated to raise difficult issues to NFA staff and have advocated for changes to executive compensation, audit practices, due diligence and nomination procedures for public Directors.
The twin debacles of MF Global and PFG have damaged the reputation of the futures industry demanding an examination of customer protection rules. New rules are being implemented, which will add cost and complexity to FCM compliance.
Commodities/Futures magazine had good timing as it started at the beginning of a revolution in trading and risk management. Here are some highlights from over the years.
Corcoran will replace Barclays’ Michael Yarian as chairman of the US derivatives trade association, after the managing director moved to a new role at the bank as head of its rates trading franchise.
The letter points out that the activity it was sanctioned for — the handling of cash residuals and trade break credits from trades resulting from bunched orders that Vision received for clearing from Ace — was discontinued two years prior to charges being filed.
NFA's Board approves prohibition of credit cards to fund retail forex accounts.