CFTCOvjeren akaunt

Off-exchange foreign currency trading, or forex, is the buying or selling of currency in pairs. Profits or losses accumulate as the exchange rate fluctuates between the two currencies. Learn how to protect yourself in this risky market: http://go.usa.gov/xpub5 

NEW: @ChairmanHeath joined @AgriPulse Open Mic for a wide-ranging discussion touching on the CFTC’s new proposed rule on #positionlimits and the importance of derivatives markets to American agriculture. Listen here: https://www.agri-pulse.com/media/podcasts/85-agri-pulse-open-mic-interview/play/10709-cftc-chairman-heath-tarbert …

Keep up with trending topics from the CFTC’s Whistleblower Office, and don’t miss a notice, order, or release. Subscribe today for updates: http://public.govdelivery.com/accounts/USCFTCWB/subscriber/new …

#Whistleblowers receive certain anti-retaliation protections by filing a tip via a TCR form. No employer agreement can prevent an individual from reporting concerns to the CFTC. Submit a tip: http://go.usa.gov/xpu2T 

ICYMI: CFTC Approves Two Proposed Rules at January 30 Open Meeting https://go.usa.gov/xdjhu 

.@ChairmanHeath: "I expect the proposal, if finalized, will provide certainty and clarity to SEFs and their participants." Full statement: https://go.usa.gov/xdj6z 

.@ChairmanHeath: "Specifically, this proposal codifies staff no-action letters in three areas: (1) package transactions; (2) error trades; and (3) block trades."

.@ChairmanHeath: "We aim to facilitate a natural progression toward more standardized and liquid products with tighter spreads. At the same time, we recognize that certain products that benefit the market do not lend themselves to the Required Execution Methods."

.@ChairmanHeath on proposed amendments to SEF rules: “Through today’s proposal, we continue to strive for the golden mean that strikes the optimal balance between the features of the old bilateral swaps world and those of the anonymous, exchange-traded futures model.”

The CFTC just advanced its proposed rule on #positionlimits. Check out @ChairmanHeath’s interview with @kevcirilli previewing today’s action.https://twitter.com/kevcirilli/status/1222847221596655617 …

.@ChairmanHeath: “Today’s proposal is the culmination of 10 years of effort across 4 Chairmen’s tenures. I sincerely thank my predecessors, as well as Commission staff, who have worked so hard for so long to strike the right balance.” Full opening remarks: https://go.usa.gov/xdjQ5 

.@ChairmanHeath: I also believe, as did Congress when it amended the Commodity Exchange Act, that position limits can help to “diminish, eliminate, or prevent” potential damage to the commodities markets that are so critical to our real economy.” #positionlimits

.@ChairmanHeath: “Our proposal would also end the “risk management” exemption that has allowed banks, hedge funds, and trading firms to take large and purely speculative positions in agricultural markets.” –a directive by Congress nearly a decade ago. #positionlimits

.@ChairmanHeath: “In effect, position limits should help ensure that prices in our markets reflect real supply and demand.” #positionlimits

.@ChairmanHeath: “It will ensure fair and easy access to these markets for businesses producing, consuming, and wholesaling commodities under our jurisdiction.” #positionlimits

.@ChairmanHeath opening statement on #positionlimits. “Today’s proposal is a pragmatic approach that will protect our agricultural, energy, and metals markets from excessive speculation.”