FX Committee Releases Guidelines For Electronic Forex Order Execution

NEW YORK--The US Foreign Exchange Committee has released recommendations on how forex dealers should deal with stop-loss orders on 24-hour electronic trading services. The new guidelines follow a recent survey by the FX Committee examining the growth of electronic broking services and their impact on the structure of the global foreign exchange market.

Stop-loss orders instruct dealers to close out customers' positions in the event that market prices move above or below pre-set limits. They are

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