In October last year, the SEC uncovered four "grave" violations of the Securities Regulation Code by Aman Futures in this case: non-registration of securities sold as investment contracts; non-registration as broker or dealer but acting as such; engaging in commodity futures contracts
despite a prohibition by the SEC; and, engaging in activities that are "off tangent" with the company's primary purpose as a general trading company.
New equity, derivatives products and commodity futures contracts
These considerable factors include the use of short and long positions in commodity futures contracts
, swaps, currency forward contracts and other derivatives.
The Dodd-Frank Act repeals the historic prohibition against transactions in commodity futures contracts
that are not carried out on, by, or through a commodity exchange and allows exchanges to permit certain off-exchange transactions for valid business reasons.
At the moment, futures-focused prop trading firms are trading Indian and Chinese commodity futures contracts
against similar products on the London Metals Exchange, CME Globex and the Tokyo Commodity Exchange.
In February Feedinfo News Service reported that Chicago Mercantile Exchange (CME) Group announced the launch of Distillers' Dried Grain (DDG) agricultural commodity futures contracts
, scheduled to begin trading on April 26.
The earliest permissible derivative contracts in the United States were commodity futures contracts
traded on public commodity exchanges.
His recommended investments include UBS E-TRACS CMCI Total Return (UCI), an ETN designed to track the UBS Bloomberg Constant Maturity Commodity Index of 28 commodity futures contracts
, ranging from coffee to zinc.
Despite stories of carloads of wheat or corn being dumped on someone's lawn, the vast majority (96%+) of commodity futures contracts
are "closed out" before they mature.
The corporation sought a private ruling that it would not be subject to the New York corporation franchise tax if (1) it employed independent brokers to trade in commodity futures contracts
in precious metals on a New York exchange, and (2) in certain situations, it took title to the metals for short periods of time (the metals would be located in warehouses or vaults in New York).
Actuals - A physical or cash commodity, as distinguished from commodity futures contracts
or options which derive their value from a specified commodity.
SFAS 52 deals with foreign currency transactions, including accounting for foreign-currency forwards and currency swaps, and SFAS 80 addresses the accounting for regulated interest-rate and commodity futures contracts