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Another Blow To The Spot FX Business In The US

|Includes:KCG Holdings, Inc. (KCG), KEY, LYG, MCQEF, MNXBF, MNXBY, MS, MSFT, MTU, NTRS, OXPS, PNC, PNSN, RBS, RJF, RY, SAN, SCGLY, SCHW, STT, SWQGF, TD, TRAD, TRI, UBS, USB, WFC

Is CME Group lobbying responsible for the NFA's new anti-spot FX rule?

NFA logoA recently implemented NFA rule change forces U.S.-regulated FCMs (Futures Commission Merchants) to maintain equity capital of at least $20 million if they offer spot FX -- even if they don't directly face retail clients.

Is the new rule the result of CME lobbying? For more details see LeapRate's Forex Industry News at leaprate.com.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

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