Comment Text:
i0-001
COMMENT
CL-07479
From:
Sent:
To:
Cc:
Subject:
Matin.
Sunday, March 14, 2010 1:39 PM
Lily Thniah
secretary ; [email protected]
Re: Voice Your Opinion on the CFTC's Proposed Leverage Change
Thank you Lily, for forwarding this messege,
I should not agreed the proposal and agree with the current leverages.
Regards
Matin
On 14 March 2010 00:54, Lily Thniah
wrote:
Dear FX traders,
Pls voice your opinion on the new proposal by CFTC.I strongly oppose the lowering of leverage in
FX market. Thank you for your support and happy trading always!
Lily Thniah
Forwarded message
From: FXDD.com
Date: Sat, Mar 13, 2010 at 8:03 AM
Subject: Voice Your Opinion on the CFTC's Proposed Leverage Change
To: contactlilyfx@gmail, corn
If you cannot read this message, please click here
N FXDD - Trade Forex. Seriously.
VISIT OUR WEBSlTE
www.fxdd.com
Dear valued FXDD clients,
We wanted you to be aware that The U.S. Commodity Futures Trading Commission (CFTC) is
seeking public comment on proposed regulations concerning retail Forex trading.
PLEASE NOTE: FXDD Malta customers will not be affected by these proposed changes, but are
still encouraged to voice your opinions.
According to the CFTC, "leverage in retail Forex customer accounts would be subject to a
10-to-1 limitation," which means 10:1 leverage would be the maximum amount allowed fori0-001
COMMENT
CL-07479
Forex traders in the U.S.
VOICE YOUR OPINION NOW
Should you feel strongly about the proposal,
there is still time for you to help determine the
outcome.
The deadline for public comment is March 22, 2010. Make your opinion heard by
sending comments directly to the CFTC at: [email protected]
(please CC:
[email protected])
Please include
'Regulation of Retail Forex'
in the subject line of your message and the following
identification number in the body of the message: RIN 3038-AC61.
You can also submit your comments by any of the following methods (include above ID number):
Fax:
Courier:
(202)418-5521
David Stawick, Secretary
Commodity Futures Trading Commission
1155 21st Street, N.W., Washington, DC 20581
Use the same address as mail above.
**All of your comments, no matter how short, will have an impact on the outcome of the
proposed rule change so do not hesitate to send a brief email objecting to the reduction in
leverage.**
An example of how the proposed regulatory restrictions would affect a major currency pair
appears below:
Maximum Leverage
u nder
Current
Reg ulations
USD/JPY
1 lot (100,000)
100:1 leverage (one percent)
Margin requirement: $1,000
Maximum Leverage
under
Proposed
Regulations
USD/JPY
1 lot (100,000)
10:1 leverage (10 percent)
Margin requirement: $10,000
Learn more about the CFTC's proposed leverage changes and how they may affect your trading
by clicking here.
In the meantime, we encourage you to voice your opinions to the CFTC and
your local U.S. representative.
Best Regards,
FXDD Team
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understand how the spot market operates, how FXDD is compensated, understand FXDD's trading policy and rules andi0-001
COMMENT
CL-07479
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Best Regards
Matin
