What the Reauthorisation Act means for retail FX

- By FX Markets Staff
- @FXMarkets_
- 15 Sep 2008

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Earlier this year, the CFTC Reauthorisation Act of 2008 was enacted into law as part of the Food, Conservation, and Energy Act of 2008. The act is also known as the Farm Bill, and has made substantial contributions to modifying the Commodity Exchange Act (CEA), particularly affecting the Commodity Futures Trading Commission's (CFTC) authority over off-exchange retail foreign currency transactions.

The CFTC has been attempting to close what is known in the industry as the Zelener loophole

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