Category: futures

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NFA orders New York, N.Y. retail foreign exchange dealer OANDA Corporation to pay a $600,000 fine

May 29, Chicago—NFA has ordered OANDA Corporation (OANDA), an NFA Member retail foreign exchange (forex) dealer and futures commission merchant headquartered in New York, N.Y., to pay a $600,000 fine. The Decision, issued by NFA’s Business Conduct Committee (BCC), is based on a Complaint issued by the BCC and a settlement offer submitted by OANDA, in which the firm neither … Continue reading NFA orders New York, N.Y. retail foreign exchange dealer OANDA Corporation to pay a $600,000 fine

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CFTC Charges Syracuse, N.Y., Man, His Firm with Fraud, Misappropriation

May 08, 2025 WASHINGTON, D.C. — The Commodity Futures Trading Commission today announced it filed a complaint in the U.S. District Court for the Northern District of New York against Dean S. Dellas of Syracuse, New York, and his investment advisory company, DSD Capital Management, LLC, for fraud and misappropriation.  In its complaint, the CFTC seeks restitution, disgorgement of ill-gotten gains, … Continue reading CFTC Charges Syracuse, N.Y., Man, His Firm with Fraud, Misappropriation

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Pre-arranged trade. It’s about keeping risk in the market.

What is a pre-arranged trade? Whether you are a retail trader or a professional market maker or broker, a trader has to stay mindful when protecting herself from what appears to be market manipulation and a market maker should avoid engaging in activities that unintentionally causes him to manipulate prices. Among activities that can impact … Continue reading Pre-arranged trade. It’s about keeping risk in the market.

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Perpetual futures in derivatives market appear novel to CFTC …

What are perpetual futures. The Commodity Futures Exchange Commission is seeking comments regarding the use of perpetual contracts in derivatives markets. Perpetual futures are derivative contracts without an expiration date. A derivative is a financial contract whose value is dependent on an underlying asset. A derivative can be sold over-the-counter or on an exchange. The … Continue reading Perpetual futures in derivatives market appear novel to CFTC …

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Investor protection: Why a trader should be wary of her broker’s knowledge of the economy.

I just finished reading an article written by David Kelly, chief global strategist at JP Morgan Asset Management. In the article, Dr. Kelly shares his thoughts on what he describes as “the delicate health of the economic expansion.” Dr. Kelly estimates that gross domestic production may be viewed as stagnant based on GDP numbers due … Continue reading Investor protection: Why a trader should be wary of her broker’s knowledge of the economy.

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Will the EUR/USD to be at 1.1380 on Friday? Will that change at mid-week?

The bet … Over the weekend, I estimated the EUR/USD would be 1.1380 on Friday 2 May 2025. As of 10:27 pm AST, the spot rate is 1.1350, citing data from x-rates.com. Using the European Central Bank short-term rate of 2.169% and the U.S. 4-week Treasury rate of 4.23% as reported by the Federal Reserve … Continue reading Will the EUR/USD to be at 1.1380 on Friday? Will that change at mid-week?

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It’s post Super Bowl Monday. What options contracts are in or out of the money.

Underlying Future Monthly option price-February 2024 Strike price Spot price   EUR FX (6EH4) 1.0806 1.1000 1.0792 Call option: OTM, Put option: ITM JPY/USD (6JH4) 0.0067385 0.00695 0.006701 Call option: OTM, Put option: ITM           Source: CME Group, x-rates.com. At 11:39 pm EST United States 10-year bond Germany 10-year bund Japan … Continue reading It’s post Super Bowl Monday. What options contracts are in or out of the money.