Comment Text:
i0-001
COMMENT
CL-05917
From:
Sent:
To:
Subject:
Daniel Gorayeb
Thursday, March 4, 2010
5:44 AM
secretary < secretary@ C FTC. g ov >
FW: Forex Traders Unite to Oppose 10:1 Leverage Cap
I totally agree with the leverage reduction in the forex markets. It will impose bigger margins on
one side, but more resposibility on the other.
From: [email protected]
To: [email protected]
Date: Wed, 3 Mar 2010 18:57:32 -0500
Subject: Forex Traders Unite to Oppose 10:1 Leverage Cap
Impact the Outcome of Proposed CFTC Leverage Changes.
Contact the CFTC
now.
Forex Traders Unite to Oppose 10:1 Leverage Cap
The U.S. Commodity Futures Trading Commission (CFTC) recently proposed broad regulatory changes that
include reducing the current leverage available to forex traders from 100:1 to 10:1.
So far, over 7,000 traders have expressed their strong opposition to the proposed leverage change.
YOUR OPINION MATTERS. THE TIME TO ACT IS NOW!
The close for comments is Monday, March 22, 2010. Simply email your comments directly to the CFTC at:
[email protected] and include 'Regulation of Retail Forex' in the subject line of your message.
You can also submit your comments by any of the following methods:
Fax: (202) 418-5521
Mail: David Stawick, Secretary
Commodity Futures Trading Commission
1155 21st Street, N.W.,
Washington, DC 20581
¯
Courier: Use the same as mail above.
HOW WOULD THE PROPOSED CHANGE AFFECT YOU?
Max leverage under current regulations
Maximum leverage under proposed changes
USD/JPY
USD/JPYi0-001
COMMENT
CL-05917
100:1 leverage (one percent)
1 lot (100,000)
10:1 leverage (10 percent)
1 lot (100,000)
Margin requirement: $1,000
Margin requirement: $10,000
It's not too late for you to voice your concerns and make a difference.
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