Comment Text:
10-002
COMMENT
CL-07855
From:
Sent:
To:
Subject:
Attach:
IBcoalition.org
Wednesday, March 10, 2010 3:49 PM
secretary
Regulation of Retail Forex RIN 3038-AC61
Joint Comment Letter on CFTC 1-signed.pdf
Mr. David Stawick
Secretary
Commodity Futures Trading Commission
1155 21st Street, N.W.
Washington, DC 20581
Re: RIN 3038-AC61
Dear Mr. Stawick:
The undersigned firms appreciate the opportunity to provide our joint comments to the Commodity
Futures Trading Commission ([]CFTC[] or []Commf$$fon[]) on its proposed rules for []Regulation
of Off-Exchange Retail Foreign Exchange Transactions and Intermediaries,[] 75 FR 3282 (Jan. 20,
2010). Each of the undersigned firms is in the business of providing intermediation services as
introducing brokers to a growing class of active, sophisticated traders [] many of whom consider
themselves professionals [] who trade foreign exchange ([]forex[]) on an over-the-counter basis
with forex dealers. We provide traders with valuable trading support products to assist them in
developing their trading skills, enable them to analyze their trading performance on a real-time
basis and promote their understanding of the off-exchange forex markets. Importantly, we assist
our trader clients in deciding which dealers suit their needs, helping them evaluate a confusing
array of dealer trading platforms, services and fee structures from which to choose. For that part of
our businesses, we each have referral relationships with multiple forex dealers.
Please see the attached PDF for the full letter and signatures.
Please confirm your receipt
of this message. We will follow up with a faxedversion.
