I have often thought that the FX trader dismissals, indeed the entire chatroom related scandal in FX, would make a great case study for business management schools. Over the years I have argued there have been weak, misguided, vindictive, panicky and ill-informed decisions made at management level across a range of organisations that has resulted […]
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.