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After all the dust settled following two weeks of cross-industry rage regarding the new CFTC requirements it’s now time to take a more sane review at the upcoming regulations. Two biggest and most concerning issues proposed by the CFTC are the 1:10 leverage forced on traders and severe limitations placed on IBs. Regarding leverage the implications [...]

New York, November 16, 2009—FXCM LLC (www.fxcm.com) is re-introducing a great feature to the FXCM Trading Station: Stops and Limits. FXCM has created a new set of stop orders and limit orders that are compliant with the FIFO rules mandated in 2009. Stop orders and limit orders are some of the most popular tools a [...]

Many of you are aware that MT5 can now be downloaded and tested. I’m going to quickly go over some of the differences between MT4 and the new upcoming MT5, which I tested recently. Please note I am only using a demo copy of MT5 (since MT5 won’t go live for some time yet).. 1. [...]

So if you’d like to know what your broker did, or didn’t, in order to comply with the upcoming regulation this is the post you need to read. The list below shows (based on brokers’ own statements) which brokers were affected and in what manner (clicking the broker will take you to the relevant content): [...]

NFA’s efforts to ridicule the mandate it has been given by the CFTC have finally reached the point where it simply becomes absurd. It appears that the agency has no idea what it should be doing or what the results of its actions are. If I wasn’t sure that the NFA could care less about [...]

FX Tek recently launched a new system based trading platform called the FX Tek Easy System Trader, designed to meet the demand of traders looking to build and test their own systems without the need for sophisticated computer programming.  The FX Tek Trader, a FIFO compliant solution, was designed in response to the recent growth [...]

The NFA has stipulated that brokers must close out offsetting positions each day and that those positions must be closed on a first-in-first-out (FIFO) basis. There are less than 60 days remaining for U.S. Forex dealers to modify their platforms to comply with the new “hedging” requirements.

CFTC issued a statement (scroll down) where it asks for Public (that means YOU) commentary on whether YOUR funds which are deposited with Forex brokers can be invested in risky assets.. So first of all, go ahead and email David Stawick at secretary@cftc.gov telling him that this time the CFTC got it right – we [...]

New Obama appointed controversial CFTC Chairman Gary Gensler was sworn-in yesterday and basically promised “strong, intellectual and aggressive regulation” (Oh God…). Gensler also stressed the need to “urgently close the gaps in our laws to bring much-needed transparency and regulation to the over-the-counter derivatives market to lower risks, strengthen market integrity and protect investors.” My [...]

Just to introduce myself, I am Jim Hunt and I am very pleased to have been invited by Michael to be your Forex Magnates roving reporter in the United Kingdom. You are probably aware by now that the new NFA hedging rule has caused a lot of consternation in the industry, to say the least!  [...]