International brokers leave US market
NEW YORK - A growing number of international retail FX brokers are leaving the US market, with London-based ODL Securities becoming the latest to ditch its US operations to avoid meeting capital requirements to operate there.
Last Thursday (Jan 15), the company announced the sale of its US operations to New York-based FXCM, ahead of planned increases in capital requirements to operate a retail trading business in the US. The National Futures Association (NFA), the industry regulator, introduced
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