CFTC retail FX rules fail to curb offshore trading

New US Commodity and Futures Trading Commission rules will hasten flow of retail foreign exchange business abroad

The US Commodity and Futures Trading Commission's (CFTC) compromise to limit leverage on retail FX trading accounts to 50:1 from a proposed 10:1, is unlikely to curb the shift of retail business offshore, according to market participants.

The futures regulator published rules governing the retail foreign exchange market on August 30, the most significant of which was the reduction (to 50:1 from 100:1) of leverage imposed by regulator the National Futures Association (NFA) at the end of last year

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Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

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