CFTC rule bad news for retail FX

- Gail Mwamba
- 20 Apr 2009

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WASHINGTON, DC - The US Commodity Futures and Trading Commission (CFTC) approval of a price adjustment rule for foreign exchange orders could result in higher costs for retail forex brokers, said market participants.

Last Monday (April 13), the CFTC approved the rules concerning price adjustments and offsetting of transactions recommended by the National Futures Association last December as part of a series of proposals (FX Week, March 2).

Under the new pricing rule, effective June 12, brokers

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