The Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Morgan Stanley and Co. Incorporated (Morgan Stanley), a registered Futures Commission Merchant (FCM), for non-compliance with applicable rules governing Part 17 Large Trader reports to the CFTC spanning a ten-year period and affecting thousands of line items of information.
Chicago-based R.J. O’Brien & Associates (RJO), the oldest and largest independent futures brokerage and clearing firm in the United States, announced today the appointment of Brad Giemza as Managing Director and Chief Risk Officer. Giemza will serve on RJO’s senior management team.
Ridgedale Advisors LP, an investment firm specializing in the convergent/divergent investment approach, has opened its primary office in Rye Brook, New York. Ridgedale is accepting clients into its flagship Multi-Strategy Program (MSP), as well as its Multi-Source Active Commodity Alternative Index (RMAC).
CBOE Holdings, Inc. (BATS: CBOE | NASDAQ: CBOE) today announced it has launched the CBOE S&P 500 Dividend Aristocrats Target Income Index (SPAI), a benchmark index designed to track the hypothetical performance of a partial buy-write strategy applied to stocks contained in the widely utilized S&P 500 Dividend Aristocrats Index, to target a specific level of total income.
Eris Exchange (Eris), a U.S.-based futures exchange group that offers swap futures as a capital-efficient alternative to traditional over-the-counter (OTC) interest rate swaps, today announced that it has been awarded a patent on the principal component of its product design, the Eris Methodology, by the U.S. Patent and Trademark Office.
The dominant feature for the agricultural markets this month was northern hemisphere production. Particularly important were the U.S. corn and soybean crops and the Russian wheat crop. All three crops started the month with modest expectations and some areas of concern, but by month’s end all crop estimates had increased. In the case of Russian wheat, they had increased significantly.
Total nonfarm payroll employment increased by 156,000 in August, and the unemployment rate was little changed at 4.4%, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in manufacturing, construction, professional and technical services, health care, and mining. Household Survey Data In August, the unemployment rate, at 4.4%, and the number of unemployed persons, at 7.1 million, were little changed. After declining earlier in the year, the unemployment rate has been either 4.3% or 4.4% since April.
A joint meeting of the Federal Open Market Committee and the Board of Governors was held in the offices of the Board of Governors of the Federal Reserve System in Washington, D.C., on Tuesday, July 25, 2017, at 1:00 p.m. and continued on Wednesday, July 26, 2017, at 9:00 a.m.