Impact of Negative Oil Prices? CFTC/NFA Market Participant Thoughts May 28, 2020 In late April, the market was witness to an unprecedented event, negative oil prices. This has never happened before in the history of trading oil futures contracts. Turnkey staff spoke with FCM executives, former energy floor traders, large introducing brokers and many more market participants in order to see what went on behind the scenes, and what if anything could have been done to mitigate the price collapse.
NFA Swaps Proficiency Test: An Inside Look Apr 29, 2020 In March 2019, NFA announced that all swap Associated Persons (APs) would be required to complete a new swaps proficiency requirement by January 31, 2021. As swap firms are aware, the initial registration process was completed by NFA earlier this year to setup a swap administrator for all firms and also list any APs that would be required to take the proficiency test.
NFA UPDATE — Relief from Fingerprinting Requirements Apr 27, 2020 Due to concerns regarding the spread of COVID-19, NFA temporarily suspended its fingerprinting services in March. NFA understands that this action, along with the measures taken by federal, state and local governments to restrict the movement of, and contact among, individuals, makes it difficult for individuals to obtain fingerprints and comply with both CFTC and NFA fingerprinting requirements.