CFTC rules increase credit risk
Speaking on the implications of new regulations on currency markets at the FX Week USA congress, Levy expressed concerns over a proposal by the Commodity Futures Trading Commission (CFTC) to restrict leverage on these accounts to 10:1 from 100:1. He noted margin foreign exchange trading is a large and growing percentage of the forex market and, despite the focus of the regulators, is not limited to retail traders.
“As a high-frequency trading firm, the data dictates where we trade, whichever
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