New US laws could hit retail market

According to market participants, the legislative measures, which are likely to come into force in about six months, will require introducing brokers and commodity trading advisers (CTAs) involved in the US retail FX market to register with the National Futures Association (NFA). CTAs and introducing brokers make up a reasonable portion of some retail firms’ client bases, and regulatory requirements could force many to leave the market. The Commodity Futures Trading Commission (CFTC), which