Welcome to the third and final part of this chapter.submitted by getmrmarket to Forex [link] [comments]
Thank you all for the 100s of comments and upvotes - maybe this post will take us above 1,000 for this topic!
Keep any feedback or questions coming in the replies below.
Before you read this note, please start with Part I and then Part II so it hangs together and makes sense.
Squeezes and other risksWe are going to cover three common risks that traders face: events; squeezes, asymmetric bets.
EventsEconomic releases can cause large short-term volatility. The most famous is Non Farm Payrolls, which is the most widely watched measure of US employment levels and affects the price of many instruments.On an NFP announcement currencies like EURUSD might jump (or drop) 100 pips no problem.
This is fine and there are trading strategies that one may employ around this but the key thing is to be aware of these releases.You can find economic calendars all over the internet - including on this site - and you need only check if there are any major releases each day or week.
For example, if you are trading off some intraday chart and scalping a few pips here and there it would be highly sensible to go into a known data release flat as it is pure coin-toss and not the reason for your trading. It only takes five minutes each day to plan for the day ahead so do not get caught out by this. Many retail traders get stopped out on such events when price volatility is at its peak.
SqueezesShort squeezes bring a lot of danger and perhaps some opportunity.
The story of VW and Porsche is the best short squeeze ever. Throughout these articles we've used FX examples wherever possible but in this one instance the concept (which is also highly relevant in FX) is best illustrated with an historical lesson from a different asset class.
A short squeeze is when a participant ends up in a short position they are forced to cover. Especially when the rest of the market knows that this participant can be bullied into stopping out at terrible levels, provided the market can briefly drive the price into their pain zone.
There's a reason for the car, don't worry
Hedge funds had been shorting VW stock. However the amount of VW stock available to buy in the open market was actually quite limited. The local government owned a chunk and Porsche itself had bought and locked away around 30%. Neither of these would sell to the hedge-funds so a good amount of the stock was un-buyable at any price.
If you sell or short a stock you must be prepared to buy it back to go flat at some point.
To cut a long story short, Porsche bought a lot of call options on VW stock. These options gave them the right to purchase VW stock from banks at slightly above market price.
Eventually the banks who had sold these options realised there was no VW stock to go out and buy since the German government wouldn’t sell its allocation and Porsche wouldn’t either. If Porsche called in the options the banks were in trouble.
Porsche called in the options which forced the shorts to buy stock - at whatever price they could get it.
The price squeezed higher as those that were short got massively squeezed and stopped out. For one brief moment in 2008, VW was the world’s most valuable company. Shorts were burned hard.
Porsche apparently made $11.5 billion on the trade. The BBC described Porsche as “a hedge fund with a carmaker attached.”
If this all seems exotic then know that the same thing happens in FX all the time. If everyone in the market is talking about a key level in EURUSD being 1.2050 then you can bet the market will try to push through 1.2050 just to take out any short stops at that level. Whether it then rallies higher or fails and trades back lower is a different matter entirely.
This brings us on to the matter of crowded trades. We will look at positioning in more detail in the next section. Crowded trades are dangerous for PNL. If everyone believes EURUSD is going down and has already sold EURUSD then you run the risk of a short squeeze.
For additional selling to take place you need a very good reason for people to add to their position whereas a move in the other direction could force mass buying to cover their shorts.
A trading mentor when I worked at the investment bank once advised me:
Always think about which move would cause the maximum people the maximum pain. That move is precisely what you should be watching out for at all times.
Asymmetric lossesAlso known as picking up pennies in front of a steamroller. This risk has caught out many a retail trader. Sometimes it is referred to as a "negative skew" strategy.
Ideally what you are looking for is asymmetric risk trade set-ups: that is where the downside is clearly defined and smaller than the upside. What you want to avoid is the opposite.
A famous example of this going wrong was the Swiss National Bank de-peg in 2012.
The Swiss National Bank had said they would defend the price of EURCHF so that it did not go below 1.2. Many people believed it could never go below 1.2 due to this. Many retail traders therefore opted for a strategy that some describe as ‘picking up pennies in front of a steam-roller’.
They would would buy EURCHF above the peg level and hope for a tiny rally of several pips before selling them back and keep doing this repeatedly. Often they were highly leveraged at 100:1 so that they could amplify the profit of the tiny 5-10 pip rally.
Then this happened.
Something that changed FX markets forever
The SNB suddenly did the unthinkable. They stopped defending the price. CHF jumped and so EURCHF (the number of CHF per 1 EUR) dropped to new lows very fast. Clearly, this trade had horrific risk : reward asymmetry: you risked 30% to make 0.05%.
Other strategies like naively selling options have the same result. You win a small amount of money each day and then spectacularly blow up at some point down the line.
Market positioningWe have talked about short squeezes. But how do you know what the market position is? And should you care?
Let’s start with the first. You should definitely care.
Let’s imagine the entire market is exceptionally long EURUSD and positioning reaches extreme levels. This makes EURUSD very vulnerable.
To keep the price going higher EURUSD needs to attract fresh buy orders. If everyone is already long and has no room to add, what can incentivise people to keep buying? The news flow might be good. They may believe EURUSD goes higher. But they have already bought and have their maximum position on.
On the flip side, if there’s an unexpected event and EURUSD gaps lower you will have the entire market trying to exit the position at the same time. Like a herd of cows running through a single doorway. Messy.
We are going to look at this in more detail in a later chapter, where we discuss ‘carry’ trades. For now this TRYJPY chart might provide some idea of what a rush to the exits of a crowded position looks like.
A carry trade position clear-out in action
Knowing if the market is currently at extreme levels of long or short can therefore be helpful.
The CFTC makes available a weekly report, which details the overall positions of speculative traders “Non Commercial Traders” in some of the major futures products. This includes futures tied to deliverable FX pairs such as EURUSD as well as products such as gold. The report is called “CFTC Commitments of Traders” ("COT").
This is a great benchmark. It is far more representative of the overall market than the proprietary ones offered by retail brokers as it covers a far larger cross-section of the institutional market.
Generally market participants will not pay a lot of attention to commercial hedgers, which are also detailed in the report. This data is worth tracking but these folks are simply hedging real-world transactions rather than speculating so their activity is far less revealing and far more noisy.
You can find the data online for free and download it directly here.
Raw format is kinda hard to work with
However, many websites will chart this for you free of charge and you may find it more convenient to look at it that way. Just google “CFTC positioning charts”.
But you can easily get visualisations
You can visually spot extreme positioning. It is extremely powerful.
Bear in mind the reports come out Friday afternoon US time and the report is a snapshot up to the prior Tuesday. That means it is a lagged report - by the time it is released it is a few days out of date. For longer term trades where you hold positions for weeks this is of course still pretty helpful information.
As well as the absolute level (is the speculative market net long or short) you can also use this to pick up on changes in positioning.
For example if bad news comes out how much does the net short increase? If good news comes out, the market may remain net short but how much did they buy back?
A lot of traders ask themselves “Does the market have this trade on?” The positioning data is a good method for answering this. It provides a good finger on the pulse of the wider market sentiment and activity.
For example you might say: “There was lots of noise about the good employment numbers in the US. However, there wasn’t actually a lot of position change on the back of it. Maybe everyone who wants to buy already has. What would happen now if bad news came out?”
In general traders will be wary of entering a crowded position because it will be hard to attract additional buyers or sellers and there could be an aggressive exit.
If you want to enter a trade that is showing extreme levels of positioning you must think carefully about this dynamic.
Bet correlationRetail traders often drastically underestimate how correlated their bets are.
Through bitter experience, I have learned that a mistake in position correlation is the root of some of the most serious problems in trading. If you have eight highly correlated positions, then you are really trading one position that is eight times as large.
Bruce Kovner of hedge fund, Caxton Associates
For example, if you are trading a bunch of pairs against the USD you will end up with a simply huge USD exposure. A single USD-trigger can ruin all your bets. Your ideal scenario — and it isn’t always possible — would be to have a highly diversified portfolio of bets that do not move in tandem.
Look at this chart. Inverted USD index (DXY) is green. AUDUSD is orange. EURUSD is blue.
Chart from TradingView
So the whole thing is just one big USD trade! If you are long AUDUSD, long EURUSD, and short DXY you have three anti USD bets that are all likely to work or fail together.
The more diversified your portfolio of bets are, the more risk you can take on each.
There’s a really good video, explaining the benefits of diversification from Ray Dalio.
A systematic fund with access to an investable universe of 10,000 instruments has more opportunity to make a better risk-adjusted return than a trader who only focuses on three symbols. Diversification really is the closest thing to a free lunch in finance.
But let’s be pragmatic and realistic. Human retail traders don’t have capacity to run even one hundred bets at a time. More realistic would be an average of 2-3 trades on simultaneously. So what can be done?
The key thing is to start thinking about a portfolio of bets and what each new trade offers to your existing portfolio of risk. Will it diversify or amplify a current exposure?
Crap trades, timeouts and monthly limitsOne common mistake is to get bored and restless and put on crap trades. This just means trades in which you have low conviction.
It is perfectly fine not to trade. If you feel like you do not understand the market at a particular point, simply choose not to trade.
Flat is a position.
Do not waste your bullets on rubbish trades. Only enter a trade when you have carefully considered it from all angles and feel good about the risk. This will make it far easier to hold onto the trade if it moves against you at any point. You actually believe in it.
Equally, you need to set monthly limits. A standard limit might be a 10% account balance stop per month. At that point you close all your positions immediately and stop trading till next month.
Be strict with yourself and walk away
Let’s assume you started the year with $100k and made 5% in January so enter Feb with $105k balance. Your stop is therefore 10% of $105k or $10.5k . If your account balance dips to $94.5k ($105k-$10.5k) then you stop yourself out and don’t resume trading till March the first.
Having monthly calendar breaks is nice for another reason. Say you made a load of money in January. You don’t want to start February feeling you are up 5% or it is too tempting to avoid trading all month and protect the existing win. Each month and each year should feel like a clean slate and an independent period.
Everyone has trading slumps. It is perfectly normal. It will definitely happen to you at some stage. The trick is to take a break and refocus. Conserve your capital by not trading a lot whilst you are on a losing streak. This period will be much harder for you emotionally and you’ll end up making suboptimal decisions. An enforced break will help you see the bigger picture.
Put in place a process before you start trading and then it’ll be easy to follow and will feel much less emotional. Remember: the market doesn’t care if you win or lose, it is nothing personal.
When your head has cooled and you feel calm you return the next month and begin the task of building back your account balance.
That's a wrap on risk managementThanks for taking time to read this three-part chapter on risk management. I hope you enjoyed it. Do comment in the replies if you have any questions or feedback.
Remember: the most important part of trading is not making money. It is not losing money. Always start with that principle. I hope these three notes have provided some food for thought on how you might approach risk management and are of practical use to you when trading. Avoiding mistakes is not a sexy tagline but it is an effective and reliable way to improve results.
Next up I will be writing about an exciting topic I think many traders should look at rather differently: news trading. Please follow on here to receive notifications and the broad outline is below.
News Trading Part I
Disclaimer:This content is not investment advice and you should not place any reliance on it. The views expressed are the author's own and should not be attributed to any other person, including their employer.
submitted by Babyelijah to u/Babyelijah [link] [comments]
Binary Options Review; Best Binary Options Brokers
We have compared the best regulated binary options brokers and platforms in May 2020 and created this top list. Every binary options company here has been personally reviewed by us to help you find the best binary options platform for both beginners and experts. The broker comparison list below shows which binary trading sites came out on top based on different criteria.
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New ESMA regulations forced brokers to be more transparent about their loss statistics. The results are fascinatingsubmitted by Derill_Patten to Forex [link] [comments]
what do you think about this statistic?
submitted by StrattonForex to u/StrattonForex [link] [comments]
Thinking about starting your own Forex Brokerage? The first logical question is "Where is the best location to incorporate and license your broker?".
However before we proceed on to answer this question, there are other related questions a person who has a serious interest in opening his FX Brokerage needs to answers.
Q1) Which regions are your going to concentrate on for retail clients?
Q2)When do you plan on launching your company & product?
Q3)How much money do you plan on establishing your brokerage?
Q4)Which business model are you going to have ? (STP,Market Maker,DD,Mixed)
Q5)Which bank will open you a corporate bank account?(depends on license & country of incorporation)
Q6)How're you going to collect the payments from your clients?
For the purposes of answering the question, we will divide certain geos(regions) in Tiers based on the level of reporting, capital requirement & tight regulated environment each jurisdiction has.
1) Tier 1 :
To safeguard investors from fraudulent and ponzi schemes, many countries have established private or state owned organizations to monitor and regulate the Forex Market and are actively supported by the governments. Example of countries in this Tier are JAPAN(FSA JAPAN) & USA(NFA & CFTC).
There are profound reporting requirements, broker required to provide high quality in services and prove the availability of $20 Million USD of free liquid capital not including clients money. There is also a compulsion to have local offices and a significant membership fee as well.
2) Tier 2:
Regulations like FCA UK & ASIC Australia fall under this category. These jurisdictions require lower initial capital and are committed to reporting. Obtaining a license from these authorities may take anything between 6 months to a year depending on how fast the required documents are submitted.
Applying for a license from these regulatory authorities typically requires one to have a minimum of $100,000 USD of non client funds. The cost for this is approximately $35,000 to $50,000(depending on what license you take) for example if you plan to have a Dealing Desk which doesn't forward the liquidity flow to a third party then you need to show a high availability of disposable liquid funds available approximately $1 Million USD where as for STP(Straight Through Processing) models where you forward all the liquidity flow it's about $100,000 USD.
Offshore with certain level of protection for investors like Cyprus(CySEC),, Malta(MSA), New Zealand (FSP) are the Tier 3 jurisdictions.
These regulators require the availability of a local office, simpler reporting & very low taxes. Specially Cyprus which offers good access to EU and is also ESMA compliant. The cost for CySEC range from 125,000 Euro to 750,000 Euro depending which model you're going for STP or Dealing Desk and the process time remains on par with the Tier 2 regulators.
BVI, Marshall Islands, Belize & Seychelles are the Tier 4 jurisdiction and have a official regulation and license the broker needs to obtain if providing FX Instruments. Obtaining a license and getting a license usually takes 3-4 months and cost around $20,000 to $30,000 USD with a $500,000 USD in capital requirement(Belize). Also with these licenses it's easier to open and maintain a bank account.
There are certain offshore jurisdictions Like St. Vincent & Grenadines or Bermuda where there getting a Forex license is not compulsory. Setting up a company needs only a little capital and the money saved can then be used on operations or marketing.
It's a bit difficult to obtain an account in a credible bank for Tier 5. Most startups go around this issue by listing their company for more than one service for example Consultancy, Marketing,FX, Travel etc or through EMIs which can provide an online IBAN. (B2B accounts mostly).
Many big brokers around the world start with small licenses and obtain their bigger licenses much later such examples include big names like Alpari, Admiral, Primus etc.
To keep up to date with the latest trends in FX industry or info on brokerages or white labels visit Stratton Forex. We'd love to hear from you.
Also check out our Recommended Brokers & Partners or Contact Us for the cheapest brokerage startup solutions in the world guaranteed!
Subscribe to our blog for keep up to date with the latest market trends and opportunities.
This is a megathread for all news related to US regulators subpoenaing Bitfinex and Tether. All relalated posts on the frontpage will be removed in favor of this megathread to focus conversation.
As always, please keep the comments civil.
"U.S. Regulators Subpoena Crypto Exchange Bitfinex, Tether" - Bloomberg
"Bitfinex and Tether said to be subpoenaed by CFTC" - ForexLive
"Cryptocurrency exchange Bitfinex reportedly subpoenaed by top regulator" - Business Insider
"Bitcoin crashes anew as Bitfinex, Tether probed" - Macro Business
"BREAKING — Bitfinex, one of the world’s largest cryptocurrency exchanges, was just subpoenaed by the CFTC" - Mashable Tech
"Report: CFTC Sends Subpoenas to Bitfinex, Tether" - CoinDesk
https://preview.redd.it/oh01pb7vg7121.png?width=1024&format=png&auto=webp&s=24a528e0c221568eb90bd692809dca5f87cdf84bsubmitted by Level01Exchange to u/Level01Exchange [link] [comments]
It’s not what we hoped for. We’re not happy about it But rather than rear up against the nightmare, we opt for an elegant solution to steer clear of incidences of fraud or misconduct.
At some point, news of brokerages engaging in appalling fraudulent behavior became too much to see as isolated slips by professionals who supposedly have their investors best interests at heart. There was the case of the Hong Kong Securities and Futures Commission (SFC) fining HPI Forex Limited $255,000 for failing to adhere to client money segregation rules. The brokerage company had mishandled its customer of customer funds of over $1million over a period of 13 months. There was also the case of individual brokers like Christian Robert Mayer of Eden Prairie, Minnesota being fined $100,000 in penalties and banned by the Commodity Futures Trading Commission (CFTC) for fraudulent trading schemes.
High-frequency brokerage firms buy, sell or cancel financial instruments in a matter of seconds, making it hard for fraud to be detected. While such trading at large volumes grants greater liquidity to the markets, helps lower costs for all investors, it can also open up new opportunities for manipulating prices. These manipulative brokerages thrive by making a little bit of profit from lots of trades, unlike those trading on inside information who seek the big payoff through a quick strike before the information is disclosed. Many brokerages do not want to tip off the direction of their investments, nor do they disclose the best prices available to maintain competitive advantage. But this lack of transparency leaves investors anxiously sitting out in the dark.
Peter Lynch, the American investor, mutual fund manager, and philanthropist whose net worth is reported at US$352 million in March 2006, stated “It would be wonderful if we could avoid the common setbacks with timely exits.”
Now is the time for all investors to walk away from questionable brokerages who are not transparent in the dealings nor are they accountable. The age of the Internet has exposed a rich portrait of these brokerage-led psychological and economic vulnerabilities. Out of the depths of the distressing backdrop, investors have their eye on another boom that rose to stratospheric heights through the emergence of Cryptocurrency and Blockchain.
While Cryptocurrency is often associated with wild volatility, the base of its technology that is Blockchain will be the bedrock that will host new bluechip industries, because the technology itself is all about creating one priceless asset: trust.
The need for trust is why companies like Google, Facebook and Amazon turned into de-facto monopolies in the first place. Back then; we liked the idea that the Internet allowed us to remain neutral. But with the recent Facebook-Cambridge Analytica data scandal, suddenly we don’t like the idea of these giants having vast amounts of data of our habits, purchases, likes and dislikes. Now we are a little suspicious, we demand for the right to not have our data collected, we demand to know what they will do with the data, we demand for complete accountability and transparency.
As Internet 2.0, Blockchain records all of our activities and transactions on a distributed open ledger that is unalterable, and unbreakable. This technology reduces the cost of trust by means of a decentralized approach to accounting and gives a new way to structure economies of organizations and countries. Think about this. No one can hide his or her transactions. Not brokerages, companies or governments. Not even technological companies like Google or Facebook. This is groundbreaking.
New ways of investing, trading and businesses will develop, because people will demand trust and accountability at the base of all transactions. On Blockchain, the power to invest, trade or do business will flow back to the people and companies will have to evolve to meet that demand. One such example of a game-changing investment Blockchain platform is Level01, the World’s first Brokerless Derivatives Exchange in Partnership with Thomson Reuters.
What makes Level01 revolutionary is the fact that it can unite and grow the global derivatives exchange market, not by just mere millions, but by mind-blowing quadrillions in terms of investment assets. When people realize that this independent platform equips them with credible real time investment data, powerful big data analytics, trade matching capabilities, rated peer to peer trading, transparent and accountable transactions automated by digital smart contracts, they are going to drop those fraudulent brokerages, for a tool that gives them the freedom to make lucrative return on investments based on their own informed decisions, choice of trade partners and investment assets. In his song, “Power to the People” John Lennon aptly added “..say we want a revolution. We better get on right away”
Considering that almost all exchanges around the world draw large amounts of price differences, quantity differences, spread, exchange rate differences packaged with lengthy legal terms and conditions that hide large amounts of direct and indirect costs. Level01 stands out as every investor’s paradise because of its accountability, transparency, low cost to entry and dedication to circumvent all possibility of risk and fraud that can be caused by humans.
Level01 is an example of the unbreakable trust enabled by Blockchain. This is where we are protected by mathematical rules and impregnable cryptography, rather than trust in fallible humans or institutions. The code and structure of the Blockchain are what guarantees the integrity of the ledger. It’s a version of what the cryptographer Ian Grigg described as “triple-entry bookkeeping”: one entry on the debit side, another for the credit, and a third into an immutable, undisputed, shared ledger. There’s just no room for fraud, just a level open and fair playing field for all.
If all of this seems unfathomable, just remember that not very long ago when the Internet was first invented, no one could predict the rise of Google or Facebook. But that is what you get when you have platforms can enable scale and give power to the people. Blockchain’s core components of algorithmic consensus and distributed book keeping provides the base for platforms like Level01 to create a new paradigm shift that will disrupt financial institutions that currently dominate our centralized economy. In this case, we will be saying good-bye to manipulation and fraud in most derivatives exchanges.
WASHINGTON - The U.S. derivatives regulator is set to announce it has fined European lenders UBS, HSBC and Deutsche Bank millions of dollars each for so-called "Spoofing" and manipulation in the U.S. futures market, three people with direct knowledge of the matter told Reuters.
The enforcement action by the Commodity Futures Trading Commission is the result of a multi-agency investigation that also involves the Department of Justice and the Federal Bureau of Investigation - the first of its kind for the CFTC, the people said.
The fines for UBS and Deutsche Bank will be upward of ten million, while the fine for HSBC will be slightly less than that, the people said, without providing exact figures.
Spoofing involves placing bids to buy or offers to sell futures contracts with the intent to cancel them before execution.
Some of the manipulative behavior came to light as a result of the authorities' previously-settled probes into forex market manipulation while UBS self-reported the wrong doing, according to two of the people with knowledge of the matter.
The bank investigations have been ongoing for more than a year, one of the people said.
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Die U.S. CFTC ist eine unabhängige Regierungsbehörde, die mit der Regulierungsaufsicht über die Termin– und Optionsmärkte beauftragt ist. Ihre Vorschriften und Durchsetzungsmaßnahmen tragen auch zum Schutz derjenigen bei, die mit Devisen und Rohstoffen handeln, ganz zu schweigen von Krypto-Währungen wie Bitcoin. Auf dieser Seite finden Sie alles, was Sie über die CFTC wissen müssen ... The CFTC just released its 2020 fiscal year (October 1, 2019, to September 30, 2020) enforcement and compliance report, which was highlighted by some big cases that involve spoofing and manipulation, but also a record breaking 113 individual enforcement actions. Call 866-FON-CFTC (866-366-2382). In addition, if you think that you have been a victim of a forex scam, you can report suspicious activities or information to the CFTC in the online form on the this website, or by mail addressed to the Office of Cooperative Enforcement, CFTC, 1155 21st Street, NW, Washington, D.C. 20581. This report is considered useful for forex traders too. In this weekly report, the CFTC segregates the total long and short positions held by participants into three trading groups. Knowing these positions can be useful for determining the overall market sentiment. A forex trader can then form long term trading strategies based on that. Breaking Down the COT Report. The COT report shows data ... The Commodity Futures Trading Commission (CFTC) Commitment of traders report (COT report) is a unique underutilised and misunderstood tool used to trade the positioning of traders across markets. It's the best Forex trading strategy to apply. Forex traders specifically use this tool when trading the Forex market. By law traders in the US need to declare their positions and they’re broken ... Every week, the Commodities Future Trading Commission (CFTC) issues a Commitment of Traders (COT) report. Basically, it’s a summary of the positions held by large futures trading institutions. It covers all assets, but forex traders are interested in the currencies section. All large traders (who move the market) are required to report their positions regularly. Evidently, because the report ... cftc report. CFTC: a Look at This Fiscal Year’s Enforcement Report. By The Forex Review . October 7, 2020. News . The CFTC just released its 2020 fiscal year (October 1, 2019, to September 30, 2020) enforcement and compliance report, which was highlighted by some big cases that involve ... Read more 0. Latest forex news and scam warnings. CONSOB Warn Against Five FX Websites, Some Holding ... The CFTC publishes two versions of the COT report, one the “legacy” version that is the main focus of Forex analysts, and a newer report that was issued starting in September 2009. The old version divides the CME Forex futures trading population into commercial and non-commercial populations, with commercials interpreted as hedgers and non-commercials taken to be speculators. The new ... Note that traders are able to report business purpose by commodity and, therefore, can have different classifications in the COT reports for different commodities. For one of the reports, Traders in Financial Futures, traders are classified in the same category for all commodities. Due to legal restraints (CEA Section 8 data and confidential business practices), the CFTC does not publish ...
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👇 Aquí el reporte oficial https://www.cftc.gov/MarketReports/CommitmentsofTraders/index.htm 👇 Aquí el reporte más visual https://www.tradingster.com/cot/lega... In this video, you will see a complete CFTC COT Data analysis for all forex majors. EURUSD AUDUSD GBPUSD NZDUSD USDCAD USDCHF USDJPY The Forex Weekly Report:... In this video, you will see how AUDUSD and Copper are highly correlated. You will see comments from the last COT report release, the commitment of Traders. You will learn how to use the supply ... CFTC COT Report Kevin Araujo. Loading... Unsubscribe from Kevin Araujo? ... How to use C.O.T. reports to improve your Forex Trading - Duration: 15:49. Monetary Financial 14,117 views. 15:49 ... Forex cot report analysis How to use & Trade with COT The Commitments of Traders (COT) is a report issued by the Commodity Futures Trading Commission (CFTC... Forex Analysis of the CFTC COT Report of the AUD over the last 12 months. In this video, you will see the COT Index Explained and a complete CFTC COT Data analysis for the following forex assets. USDJPY USDRUB WHEAT The Forex Weekl...