ACES' Commodity Trading Advisor Registration Approved
Jun 23, 2015, 04:05 ET
CARMEL, Ind., June 23, 2015 /PRNewswire/ -- ACES' registration as a Commodity Trading Advisor (CTA) was approved by the National Futures Association on June 1, 2015. A CTA is an individual or organization that, for compensation or profit, advises others as to the value or advisability of buying or selling futures, options on futures, or swaps and provides advice based on knowledge of, or tailored to, a client's particular commodity interest account, commodity interest trading activity, or other similar types of information.
ACES began the CTA registration process in January 2015, submitting applications for over 80 employees and Directors. In addition to submitting applications, certain employees completed the National Commodity Futures Exam, or Series 3, and in some cases the National Branch Manager Exam, or Series 30.
ACES CEO Mike Steffes commented, "Obtaining this level of certification is another milestone for ACES. We think it is important to be a CTA, and believe that it further illustrates our commitment to service excellence for our Members and Customers."
ACES is owned by twenty generation and transmission cooperatives and one independent distribution cooperative. The company assists its Members and Customers in the management of their energy risk. The Members and Customers served by ACES operate in all of the major electricity markets in the United States and have a collective portfolio of over 50,000 MW of both load and resources. Because ACES does not buy or sell energy on its own behalf, it avoids conflicts of interest and ensures alignment with the best interests of the organizations it serves.
Questions can be directed to Leah Brearley, Director of External Affairs, at (317) 344-7050 or [email protected].
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