FX prime brokers welcome CFTC relief


Prime brokers are breathing a sigh of relief after a last-minute no-action letter from the US Commodity Futures Trading Commission (CFTC) has exempted them from certain external business conduct rules under the Dodd-Frank Act.

The rules, which came into effect on May 1, would have required foreign exchange prime brokers to submit certain information, including a pre-trade mid-market quote and risk disclosures, to their clients. However, hedge funds usually negotiate trades with an executing

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: