Foreign Exchange Dealers Coalition History References Navigation menu"Foreign Exchange Controls""Financial Requirements for FCMs and RFEDs""Law & Regulation""Background Affiliation Status Information Center - NFA Broker Listing""Forex Dealer Member Financial Requirements""Traders' view of the world: Will DC rock the trading universe?"

Foreign exchange market


foreign exchange marketNational Futures AssociationCommodity Futures Trading CommissionNational Futures AssociationCommodity Futures Modernization Act of 2000retail forex dealers




The Foreign Exchange Dealers Coalition (FXDC) was an alliance of the largest U.S. foreign exchange market dealers, that appears to have closed sometime after 2010.[1] The FXDC partnership was formed in the fall of 2007 to pool industry resources to demonstrate the viability of the forex industry and to ensure fair regulation and oversight that does not hamper freedom of choice, innovation or job creation. The Coalition aimed to provide input to the proposals for major regulation changes at the time, including the required registration for Retail Foreign Exchange Dealers (RFEDs) with the National Futures Association.[2][1]



History


The FXDC defined a forex dealer as providing online trading services to allow individuals to speculate on rapidly changing foreign exchange rates. Forex Dealer Members (FDMs) are regulated in the United States by the Commodity Futures Trading Commission (CFTC) and National Futures Association (NFA), as well as by national and local regulatory bodies where they conduct business.


The forex industry in the United States was unregulated until December 2000 when the Commodity Futures Modernization Act of 2000 was introduced.[3] After its introduction forex firms had to be members of the CFTC and the self-regulating National Futures Association (NFA), operating under the same guidelines set forth for FCMs in the futures brokerage business.[4] On a regular basis, all forex dealers submitted financial reports to its regulators and were subject to lengthy regulatory audits covering everything from marketing practices to employee training regimens. In addition, many of these long-established regulatory bodies extend specific regulations solely to retail forex dealers,[5] such as higher capital requirements, disclosure statements and the requirement that all dealers disclose to customers that their funds may not be safe in the event of bankruptcy.


The FXDC partnership was formed in the fall of 2007 by a group of the nine largest forex firms in the US at that time, and seems to have been dissolved sometime after 2010.[6]



References




  1. ^ ab "Foreign Exchange Controls". Top Forex News. Retrieved 17 December 2013..mw-parser-output cite.citationfont-style:inherit.mw-parser-output .citation qquotes:"""""""'""'".mw-parser-output .citation .cs1-lock-free abackground:url("//upload.wikimedia.org/wikipedia/commons/thumb/6/65/Lock-green.svg/9px-Lock-green.svg.png")no-repeat;background-position:right .1em center.mw-parser-output .citation .cs1-lock-limited a,.mw-parser-output .citation .cs1-lock-registration abackground:url("//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Lock-gray-alt-2.svg/9px-Lock-gray-alt-2.svg.png")no-repeat;background-position:right .1em center.mw-parser-output .citation .cs1-lock-subscription abackground:url("//upload.wikimedia.org/wikipedia/commons/thumb/a/aa/Lock-red-alt-2.svg/9px-Lock-red-alt-2.svg.png")no-repeat;background-position:right .1em center.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registrationcolor:#555.mw-parser-output .cs1-subscription span,.mw-parser-output .cs1-registration spanborder-bottom:1px dotted;cursor:help.mw-parser-output .cs1-ws-icon abackground:url("//upload.wikimedia.org/wikipedia/commons/thumb/4/4c/Wikisource-logo.svg/12px-Wikisource-logo.svg.png")no-repeat;background-position:right .1em center.mw-parser-output code.cs1-codecolor:inherit;background:inherit;border:inherit;padding:inherit.mw-parser-output .cs1-hidden-errordisplay:none;font-size:100%.mw-parser-output .cs1-visible-errorfont-size:100%.mw-parser-output .cs1-maintdisplay:none;color:#33aa33;margin-left:0.3em.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration,.mw-parser-output .cs1-formatfont-size:95%.mw-parser-output .cs1-kern-left,.mw-parser-output .cs1-kern-wl-leftpadding-left:0.2em.mw-parser-output .cs1-kern-right,.mw-parser-output .cs1-kern-wl-rightpadding-right:0.2em


  2. ^ "Financial Requirements for FCMs and RFEDs". NFA. Retrieved 17 December 2013.


  3. ^ "Law & Regulation". CFTC.


  4. ^ "Background Affiliation Status Information Center - NFA Broker Listing". NFA.


  5. ^ "Forex Dealer Member Financial Requirements". NFA. January 4, 2016. Retrieved March 31, 2017.


  6. ^ Christine Birkner (April 2, 2010). "Traders' view of the world: Will DC rock the trading universe?". FuturesMag.









-

Popular posts from this blog

How should I support this large drywall patch? Planned maintenance scheduled April 23, 2019 at 00:00UTC (8:00pm US/Eastern) Announcing the arrival of Valued Associate #679: Cesar Manara Unicorn Meta Zoo #1: Why another podcast?How do I cover large gaps in drywall?How do I keep drywall around a patch from crumbling?Can I glue a second layer of drywall?How to patch long strip on drywall?Large drywall patch: how to avoid bulging seams?Drywall Mesh Patch vs. Bulge? To remove or not to remove?How to fix this drywall job?Prep drywall before backsplashWhat's the best way to fix this horrible drywall patch job?Drywall patching using 3M Patch Plus Primer

Image
How do living politicians protect their readily obtainable signatures from misuse? Is it possible to force a specific program to remain in memory after closing it? File name problem(?) How to pronounce 伝統色 How does the math work when buying airline miles? Sum letters are not two different An adverb for when you're not exaggerating What does it mean that physics no longer uses mechanical models to describe phenomena? Take 2! Is this homebrew Lady of Pain warlock patron balanced? How many time has Arya actually used Needle? A letter with no particular backstory Converted a Scalar function to a TVF function for parallel execution-Still running in Serial mode Generate an RGB colour grid Co-worker has annoying ringtone Strange behavior of Object.defineProperty() in JavaScript "Lost his faith in humanity in the trenches of Verdun" — last line of an SF story What is this round thing on the pantry door in The Shining What would you ca...
Read more

random experiment with two different functions on unit interval Announcing the arrival of Valued Associate #679: Cesar Manara Planned maintenance scheduled April 23, 2019 at 00:00UTC (8:00pm US/Eastern)Random variable and probability space notionsRandom Walk with EdgesFinding functions where the increase over a random interval is Poisson distributedNumber of days until dayCan an observed event in fact be of zero probability?Unit random processmodels of coins and uniform distributionHow to get the number of successes given $n$ trials , probability $P$ and a random variable $X$Absorbing Markov chain in a computer. Is “almost every” turned into always convergence in computer executions?Stopped random walk is not uniformly integrable

Image
What would you call this weird metallic apparatus that allows you to lift people? Is it possible to give , in economics, an example of a relation ( set of ordered pairs) that is not a function? Maximum summed subsequences with non-adjacent items How many time has Arya actually used Needle? Is there public access to the Meteor Crater in Arizona? Belief In God or Knowledge Of God. Which is better? What is the meaning of 'breadth' in breadth first search? Why is there Net Work Done on a Pressure/Volume Cycle? How much damage would a cupful of neutron star matter do to the Earth? Sum letters are not two different Why does it sometimes sound good to play a grace note as a lead in to a note in a melody? What initially awakened the Balrog? How to pronounce 伝統色 QGIS virtual layer functionality does not seem to support memory layers AppleTVs create a chatty alternate WiFi network How to write capital alpha? How often does castling occur in gra...
Read more

Lowndes Grove History Architecture References Navigation menu32°48′6″N 79°57′58″W / 32.80167°N 79.96611°W / 32.80167; -79.9661132°48′6″N 79°57′58″W / 32.80167°N 79.96611°W / 32.80167; -79.9661178002500"National Register Information System"Historic houses of South Carolina"Lowndes Grove""+32° 48' 6.00", −79° 57' 58.00""Lowndes Grove, Charleston County (260 St. Margaret St., Charleston)""Lowndes Grove"The Charleston ExpositionIt Happened in South Carolina"Lowndes Grove (House), Saint Margaret Street & Sixth Avenue, Charleston, Charleston County, SC(Photographs)"Plantations of the Carolina Low Countrye

Image
Contributing propertyKeeper of the RegisterHistoric districtHistory of the National Register of Historic PlacesNational Park ServiceProperty typesCharlestonColumbiaGreenvilleNorth CharlestonRock Hill Houses on the National Register of Historic Places in South CarolinaGeorgian architecture in South CarolinaHouses completed in 1786Plantation houses in South CarolinaNational Register of Historic Places in Charleston, South CarolinaHouses in Charleston, South Carolina plantation houseAshley RiverCharlestonNational Register of Historic PlacesRevolutionary WarWilliam LowndesU.S. CongressSouth Carolina Inter-State and West Indian ExpositionGeorgianDoricbalustradespedimentoculusentablaturemodilliondentillightship roofterra cottatilescorbelledcornicesRegency stylespiral staircaseskylight Lowndes Grove U.S. National Register of Historic Places Lowndes Grove in 1940 Show map of South Carolina Show map of the United States Location 260 St. Margaret St., Charleston, South Carolina Coordinates 32...
Read more