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NFA Submits Updates of FX Disclosure Rules to CFTC
The US National Futures Association (NFA) has submitted a letter to the Commodity Futures Trading Commission updating its proposed rules for the disclosure of FX trading costs to customers. NFA says it the proposed rule is aimed at providing retail FX customers with greater transparency regarding the costs associated with their transactions. In adopting the amendment, NFA says it recognises that its current forex dealer members (FDM) operate using one of two business models, and that the costs associated with a transaction may differ depending on the business model used.

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