Comment Text:
i0-001
COMMENT
CL-02941
From:
Sent:
To:
Subject:
j ager@united-traders <"j ager@united-traders">
Friday, January 22, 2010 6:21 PM
secretary
FW: new margin and rules
Van:
jager@united-traders [mailto:[email protected]]
Verzonden:
Friday, January 22, 2010 11:59 PM
Aa n: 'secreta [email protected]'
Onderwerp:
new marcjin and rules
Dear Madams, Sirs
I would like to express my concerns and the concerns of my fellow traders on our trading firms and communities
that implementation of the new margin rules could be end of our trading activity and money flow into the
economy of the US
Without a decent leverage of 1:100, normal daytrading on the cash markets for a decent profit which can cover
our wages and company costs will cease to exist. As the liquidity of the US is big in this market and many
companies are living from it, less participants could cause heavy fluctuations and destabilization of the whole
cash market and its related Futures. Furthermore there are no arguments for a deleveraging of Forex trading
which would benefit the financial system. Nobody is unhappy with the current cash market. Therefore I would
like the CFTC to reconsider such regulation.
With best regards,
JW Jager
CEO United-Traders
Netherlands.
