Comment for Proposed Rule 75 FR 3281
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From:
Andrew B House
Organization(s):
Comment No:
2649
Date:
1/22/2010
Comment Text:
io-ooi
COMMENT
CL-02649
From:
Sent:
To:
Subject:
Andrew House
Friday, January 22, 2010 11:24 AM
secretary
Regulation of Retail Forex
Dear David Stanwick
Secretary CFTC,
As an individual commodity producer I sometimes use Forex pairs to hedge against outside
influences affecting the commodities that I produce. A maj or reason is the unparalleled liquidity the
Forex market provides.
It is my opinion that changing leverage requirements from 100:1 to 10:1 would damage the retail
forex market. I believe the move adversely affects liquidity and dicourages small scale U.S. traders from
using the Forex markets as a hedging tool.
Oppressed,
Andrew B House
[email protected]
