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 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.
CFTC Provides Registration Waivers for Series 3 and Fingerprint Cards Apr 24, 2020 The Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight (DSIO) today announced that, in response to the COVID-19 (coronavirus) pandemic, it has issued additional targeted no-action relief to registrants listing new principals and to applicants for registration as associated persons (APs) from the requirement to submit a fingerprint card for any such principal or AP registration applicant.