Quote:
Originally Posted by forex savior
Just when you thought $20 million would be the final line of demarcation for U.S. based forex brokers the National Futures Association has announced that capital requirements will be going even higher:
http://www.nfa.futures.org/news/PDF/...Notc021909.pdf
Wow. So unless a forex firm hands off every trade to a bank they have to pay this whopping 5% tax on their customer liabilities. Only a handful of firms offer STP execution. It appears the NFA is trying to encourage more firms to go in that direction. |
Indeed. This is a very noteworthy move by the NFA. Could it be that this will more or less force some firms to switch from dealing desks to true ECN?