What to know about forex futures
Forex futures are a commodity futures market that involves placing bets on how much a particular currency will rise or fall in value in the coming days.
In this article, we take a look at the latest news and updates to the forex markets.
Today, the Australian Commodities Futures Trading Commission (CFTC) is investigating a trader on behalf of a group of investors.
The CFTC is looking into the allegations that a trader made a series of trades using a CFTC-approved electronic trading device on behalf to an unnamed client.
A CFTC spokesperson told The Register today that the investigation is ongoing and the CFTC will not be commenting further at this time.
As mentioned earlier, the CFTSC is looking at the CFTP, which is the process of creating futures contracts by the end of March.
The commission is also looking at other aspects of the trading of futures and derivatives, including the market capitalisation of the futures contracts, the risk of manipulation and whether there has been any compliance with rules of the CFHTC.
“This investigation is looking specifically at a single trader in the trading industry and it is also a very important part of the investigation into CFTC conduct,” the CFT spokesperson said.
The CFTS has a wide range of activities in relation to the trading and sale of futures, including investigating potential violations of the Securities Act, as well as other regulations and enforcement activities, including forex market regulation.