Agency brokers ‘encouraged’ by CFTC response to concerns
Foreign exchange agency brokers are optimistic they will be able to resume trading of non-spot products after a series of meetings with senior officials at the US Commodity Futures Trading Commission (CFTC) to discuss their concerns over the implications of the external business conduct rules under the Dodd-Frank Act.
Prior to the implementation of the rules on May 15, eight US-based agency brokers – including Faros Trading, CRT Capital, Alpari and TJM Institutional Services – formed a coalition
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