The total monetary relief awarded in Commodity Futures Trading Commission (CFTC) enforcement actions for the 2019 fiscal year was $1.32 billion, up 39% compared to 2018. This total stands as the fourth highest in the agency’s history after it collected $3.2 billion, $3.27 billion and $1.77 billion in 2015, 2014 and 2013, respectively. These figures […]
ACI’s explicit support for the FX Global Code helps plug an important gap in the Code’s reach – for it moves its influence beyond the developed and major emerging markets and into some real local markets.
It is important that the Code reaches all market participants, so there are other gaps to be filled, not least the small private trading firms. Can we repeat the example of ACI to help reach these firms, as well as others that should be more aware of their responsibilities?