Retail brokers win US leverage battle
The US CFTC leverage rules on retail foreign exchange transactions less harsh
The US Commodity Futures Trading Commission (CFTC) buckled to pressure from retail traders by abandoning a proposal to reduce leverage to 10:1 from 100:1, in new rules published last night (August 30).
The futures regulator said that final regulations concerning over-the-counter retail foreign exchange trading implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Food, Conservation, and Energy Act of 2008. Under the new laws, the CFTC gains authority to
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