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The Interbank Markets: CFTC Warns Public of Imposter Scam Targeting Fraud Victims

May 14, 2025 WASHINGTON, D.C. — The Commodity Futures Trading Commission is warning the public about a growing imposter scam involving individuals falsely claiming to represent the agency. Scammers are contacting members of the public and claiming to represent the CFTC Office of Inspector General. These imposters promise to help financial fraud victims recover lost funds from … Continue reading The Interbank Markets: CFTC Warns Public of Imposter Scam Targeting Fraud Victims

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The Interbank Market: Dollar strengthens; the CFTC loses a commissioner.

The data as of 4:15 pm EST … Investing.com has calculated a forward rate contract price for EUR/USD on 16 May 2025 at 1.1205. That compares with my back of the napkin forward rate calculation of EUR/USD=1.1210 on Friday. The NADEX is pricing the probability of EUR/USD exceeding 1.1225 at $3.10. This represents a decrease … Continue reading The Interbank Market: Dollar strengthens; the CFTC loses a commissioner.

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The Interbank Markets: Will ECB seek other sources of dollar funding?

The data as of 11:32 EST … Investing.com has calculated a forward rate contract price for EUR/USD on 16 May 2025 at 1.1205. That compares with my back of the napkin forward rate calculation of EUR/USD=1.1210 on Friday. The NADEX is pricing the probability of EUR/USD exceeding 1.1225 at $4.50. At 11:00 am, Reuters priced … Continue reading The Interbank Markets: Will ECB seek other sources of dollar funding?

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Acting Chairman Pham Statement on Court Sanctions Against CFTC

May 13, 2025 WASHINGTON, D.C. — Commodity Futures Trading Commission Acting Chairman Caroline D. Pham made the following statement regarding the Federal District Court report and recommendations for sanctions against the CFTC for misconduct in CFTC v. Traders Global Group Inc: “Americans rightly demand the highest level of conduct, candor, professionalism, and ethics from the federal government—especially law enforcement … Continue reading Acting Chairman Pham Statement on Court Sanctions Against CFTC

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Banks won this morning …

The takeaway: Be mindful of the information flow … Banks won this morning at 11:00. I calculated a forward delivery EUR/USD exchange rate of 1.1240 and expected a close at that time of above 1.1200, but the China-US decision to reduce tariff rates for 90 days gave the markets a boost. That boost strengthened demand … Continue reading Banks won this morning …

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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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CFTC Staff on Leave Pending Investigation

May 05, 2025 WASHINGTON, D.C. — The CFTC is committed to holding employees to the highest standards, as expected by American taxpayers. Pursuant to the President’s executive orders on lawful governance and accountability, the CFTC has placed staff on administrative leave for potential violations of laws, government ethics requirements and professional rules of conduct. Investigations … Continue reading CFTC Staff on Leave Pending Investigation

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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.