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Center for Futures Education, Inc.

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Have a futures or securities related question? Take advantage of our Frequently Asked Futures Questions (FAFQ) Service, with over 300 commonly-asked questions in our database!

Commodities

COMMODITY FUTURES EDUCATION

Center for Futures Education, Inc. has been providing futures training courses and self-study materials for more than 30 years. Our customers find that we have high-quality, well-written material that is easy to understand and teaches you what you need to know for your exam, or for basic trading techniques. We offer courses to prepare you for the NFA Series 3 exam and Series 34 exam, as well as the Series 30 exam and Series 31 exam. We also offer flexible-length Futures Ethics Training that lets you document your initial or periodic training for purposes of NFA audits. Training in Anti-Money Laundering regulations is also offered.

Order one of our online courses and get started studying today! Receive an automated e-mail with your PIN and access information within minutes of placing your order.

FREE: telephone/e-mail/Skype tutoring service for our students. Many of our courses are offered in a print version, as well as an online version. Combo packs can be purchased for greater value.

Brokerage firm premiums, such as downloadable booklets, are a great way to show your customers how much you appreciate their business.

INDUSTRY NEWS

NFA Interpretive Notice regarding Virtual Currency Activities

NFA adopted the Interpretive Notice, "Disclosure Requirements for NFA Members Engaging in Virtual Currency Activities," to establish disclosure requirements for FCMs, IBs, CPOs, and CTAs engaging in virtual currency or virtual cureency derivative activities, with an effective date of October 31, 2018. It requires FCMs and IBs to provide virtual currency derivative customers with "NFA Investor Advisory—Futures on Virtual Currencies Including Bitcoin" and "CFTC Customer Advisory: Understand the Risks of Virtual Currency Trading," when or before they trade a virtual currency derivative with/through the Member, and in the manner described in the Interpretive Notice. CPOs and CTAs must provide investors with robust disclosures for activities in spot market virtual currencies and virtual currency derivatives: for existing customers, updated disclosures addressing these requirements must be provided by November 21, 2018; for solicited prospective customers, disclosures addressing these requirements must be provided prior to accepting an investment.

FINRA Increases Fees for Futures Examinations

Effective January 1, 2018, fees charged for taking futures exams were increased. The Series 3 Exam fee increased from $125 to $130; the Series 30, Series 31, Series 32, and Series 34 Exam fees increased from $80 to $85. Also as of January 1, 2018, these exams are no longer be offered at Pearson VUE testing centers, but only at Prometric testing centers. Examination applications will continue to be made through FINRA's web site.

CME® Group Launches Bitcoin Futures

Effective Dec. 18, 2017, CME® launched a cash-settled Bitcoin futures contract (BTC). The contract is based on the CME CF Bitcoin Reference Rate (BRR), and is an entry in the "cryptocurrency" market, which has grown to a capitalization of $172 billion, of which Bitcoin comprises about $94 billion (54%). Each futures contract contains 5 Bitcoin and has a minimum fluctuation of $5.00/Bitcoin ($25/contract). Trading is through Globex® and ClearPort 17:00—16:00 CT Sunday—Friday.