There will continue to be fallout from the CFTC’s new regulations for retail FX but the big players are taking the regulations in good grace and, I imagine, some relief that the mooted curtailment of leverage to 10:1 was not imposed.
In fact Drew Niv, CEO of FXCM, is even talking up the merits of the reduction to 50:1. “We believe that the reduction in leverage is a reasonable compromise from the initial CFTC proposal of 10:1 leverage,” he says.
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