Rule change allows US forex clients to gain access to transaction data

M

mlawson71

Forex brokers that fall under the regulation of the US National Futures Association (NFA) will be required to provide customers access to certain transaction execution data as of 31 March, 2017, the regulator. This will happen since the NFA’s proposals for rule amendments have been recently approved by the Commodity Futures Trading Commission (CFTC).
Brokers have to provide relevant information within 30 minutes of receiving a request.
In addition, forex brokers are required to publish information about the availability of such information in three places – their website, the customer’s trading portal, and each customer transaction statement.
 
I have only tangentially followed any of this, so forgive this question but,
Does this mean that IB will once again offer FX as part of their U accounts?
 
tommcginnis said:
I have only tangentially followed any of this, so forgive this question but,
Does this mean that IB will once again offer FX as part of their U accounts?
More...

Forgive me if I misunderstood your question but you can still trade FX in U accounts but with no leverage. This is in regards to transactions and transprancy.

im crossing my fingers that the Trump team will overhaul many of these idiotic regulations
 
athlonmank8 said:
Forgive me if I misunderstood your question but you can still trade FX in U accounts but with no leverage. This is in regards to transactions and transprancy.

im crossing my fingers that the Trump team will overhaul many of these idiotic regulations
More...

As a news geeky-wonky type, I started out in FX years ago. (After 2-3 months of intensive trading, I got out with a $600 loss -- so, call it "The Flat Miracle!" Whoaaaaa.) At any event, I might make a FX trade once a year on the IB platform, and found it marvelous and smooth and intuitive. Didn't *use* it; *wouldn't* use it -- but really appreciated that it was there. "Just in case" and all that.

So, when I wrote of my "tangential" relationship to FX via TWS/IB, I was (obviously?) making more of my current FX status than prudent.

SO, so, thanks for the update.
 
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