CFTC forex proposal: Your chance to comment
Forex dealers are not taking the latest rogue regulatory action – CFTC’s proposal to limit leverage in OTC forex - lying down. Last week, the Forex Dealers Coalition (FXDC), a group of the nine largest firms in the industry, sent a letter to the CFTC saying its proposal to limit leverage to 10-1 would “be a crippling blow to the industry and drive it offshore.” The CFTC kicked off its 60-day comment period last week, after which it will make its decision on the proposal. You can get more information and send a letter to the CFTC through FXDC’s Web site, www.fxdc.org. How will the proposal affect your trading? Leave your comments below.
Jacob:
I’ll move my account to the UK…
January 30, 2010, 6:23 pmZulkhairi:
Good information. Thanks for article in this site.
February 28, 2010, 6:17 amPhilip McBride Johnson:
Still twice as generous as for security futures. Go figure.
March 3, 2010, 10:14 am