Forex Dealer Facts, Value
Department 11 prohibits Forex Dealer Members from using affiliates and unregulated people to cover their foreign currency positions for purposes of CFTC Regulation 5. The control does not prohibit Forex Dealer Members from entering in positions with unregulated or unapproved counterparties.
A. EXPLANATION OF INTERPRETIVE NOTICE REGARDING FOREX TRANSACTIONS WITH FOREX DEALER MEMBERS NFA's practice with the Forex requirements shows that unveiling mark - ups as well as mark - downs, as required in the current rules, is of limited cost to customers as well as can even be misleading. Therefore, NFA supplies improving the interpretive notice to require Forex Dealer Members to disclose the bid - ask spread pretty than the mark - up or mark - down.
Guidance - Members and their Correlates having supervisory committals ought to diligently administer the Member's Forex market business, including the undertakings of the Member's Associates as well as agents.