FXDD Prepares To Battle NFA On Hedging!

Friday, 15/05/2009 | 17:41 GMT by Michael Greenberg
FXDD Prepares To Battle NFA On Hedging!

I just received an email from FXDD with the following message:

"In our effort to provide the best solution for your trading regarding the NFA's new rule on hedging, please know that we have been in contact with the NFA and have offered several solutions which we believe will accommodate almost all types of trading strategies and comply with the NFA rules. Our discussions with the NFA are ongoing and we will keep you advised. In the mean time, know that FXDD is making no immediate changes to any platforms and that you will be fully advised prior to any proposed changes."

No immediate changes to any platforms? Sounds like more than mere "discussions" are going on. Stay tuned...

I just received an email from FXDD with the following message:

"In our effort to provide the best solution for your trading regarding the NFA's new rule on hedging, please know that we have been in contact with the NFA and have offered several solutions which we believe will accommodate almost all types of trading strategies and comply with the NFA rules. Our discussions with the NFA are ongoing and we will keep you advised. In the mean time, know that FXDD is making no immediate changes to any platforms and that you will be fully advised prior to any proposed changes."

No immediate changes to any platforms? Sounds like more than mere "discussions" are going on. Stay tuned...

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Michael Greenberg
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