Unregistered FX IB’s out and 20million cap FX FCM in

[BigGun]

Another major article on the topic, http://www.euromoney.com/Article/185...ng-field-.html

 

[BigBlingin]

Quote from BigGun:

Another major article on the topic, http://www.euromoney.com/Article/185...ng-field-.html

That link doesn't work. The "..." in the middle messes it up. Please repost the link.

 

[BigGun]

TRY THIS ONE, Current crop of Big FX firms trying to plead a case of unfair regulatory playing feel, yet they continue to do the same to their clients.
http://www.euromoney.com/Article/18...tion-An-uneven-regulatory-playing-field-.html

 

[cashflos]

Quote from BigGun:

TRY THIS ONE, Current crop of Big FX firms trying to plead a case of unfair regulatory playing feel, yet they continue to do the same to their clients.
http://www.euromoney.com/Article/18...tion-An-uneven-regulatory-playing-field-.html

not sure deleting the '5' fixed the '...' but i still stand by this thread is a waste of time

 

[BigGun]

Congress Close to Finish Line on CFTC Reauthorization Source: FI magazine: January/February 2008

http://www.futuresindustry.org/downloads/Jan-Feb_Washington_Watch.pdf

Don’t say no one warned you, to learn more review
http://www.elitetrader.com/vb/showthread.php?s=&threadid=114662

 

[SCBURKE]

Now it just means there is going to be distinction between a FCM (Futures Commision Merchant) and a FDM (Forex Dealer Member), this bill will raise the net cap to 20 mil for Forex Dealers but it no way is it pushing them out of business.

 

[jjk2]

why bother reading all these....go with well capitalized(100 million and above), non-mt4 brokers.

that is IF one insists on trading scamex

 

[BigGun]

tick, tock,, times a nearing :eek:

 

[vjr]

Quote from BigGun:

tick, tock,, times a nearing :eek:

How much time do you think is left before the bill gets passed? Also this new bill does not affect unregulated firms (and IB's that do business with them) like dukascopy, b/c they are not regis. with the NFA?

 

[BigGun]

No dukascopy is not reg with NFA but they are Reg with Swiss land who are also passing new laws,

http://www.forexfactory.com/showpost.php?p=1956798&postcount=700


http://www.iflr.com/?Page=10&PUBID=33&ISS=24583&SID=702998&TYPE=20

As stated numerous time in previous post, if the FX firm your with is not Regulated as a bank or futures firm 99.9% chance they will be closed down by years end, USA/Swiss started this reform and will soon force other regions to follow suite.