Gain acquires CMS retail business as new rules come into force

- Saima Farooqi
- 18 Oct 2010

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As of today (October 18) retail foreign exchange brokers in the US will have to comply with rules introduced by the Commodity Futures Trading Commission in August (FX Week, September 6). The rules essentially bring into law requirements introduced by ad hoc industry regulator the National Futures Association in recent years, such as capital requirements of $20 million, which led to companies such as AC Markets and ODL Securities exiting the US. Similarly, Japan has tightened up its retail forex

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