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Big futures house comes to the defense of the retail forex market

By   || March 12, 2010 at 19:50 GMT
|| 4 comments || Add comment

When the CFTC announced its 10-1 margin cap, some in the industry thought the CFTC was defending the futures industry by trying to force forex business onto the futures exchanges. A CEO of one of the biggest futures brokerages has come to the defense of the OTC industry, saying the regulations will only drive business off shore…

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Category: All, Americas, Mkt Talk, Regions
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4 Responses to “Big futures house comes to the defense of the retail forex market”

  1. Hart on March 12th, 2010 19:57 GMT

    You are absolutely right. P.S. Thanks for the spot on DXY tip for the Asia/Europe session.

  2. Adje on March 12th, 2010 20:05 GMT

    Yeah, And the country who will offer the leverage as we know today will make nice money from their taxation :-) I wonder who will offer it self.

  3. Zeke on March 12th, 2010 20:12 GMT

    I don’t use the leverage in question, but I surely don’t want to endure the effects the proposal would have on the retail forex market. I’d transfer to the UK if I had to, but I’m not eager. Who moved my cheese!?

  4. Adje on March 12th, 2010 20:20 GMT

    I prefer China to be honest. No BS like Tobin tax or what so ever.

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