The United States Commodity Futures Trading Commission (CFTC) may soon close its action against interdealer broker TFS-ICAP, as the parties appear to have reached an agreement to resolve the matter. This becomes clear from a Letter filed by the CFTC with the New York Southern District Court on October 23, 2020. The Letter, seen by FX News Group, states that the Division of Enforcement of the CFTC and all defendants have reached an agreement in principle to resolve the case. More specifically, the Division and the Defendants have agreed on the language of a proposed consent order. Because the Division does not have ... (full story)