Comment Text:
i0-001
COMMENT
CL-06558
From:
Sent:
To:
Subject:
A K
Monday, March 8, 2010 4:16 PM
secretary
leave the forex Current Margin Requirement at 100:1 Leverage
Hi,
I am a CFTC registered commodity trading advisor for over three years
now. I think the forex Current Margin Requirement at 100:1 leverage
should be left at this level. Forex market works on very small moves
unlike stocks and other instruments. Increasing the margin requirement
to 10:1 will have negative impact on market participants.
Small moves of less than a cent a day in most of the currency pairs
will not allow traders and market participants to trade effectively.
Thanks
Adnan Kaleemi CTA
