Comment Text:
i0-001
COIMMENT
CL-06566
From:
Sent:
To:
Subject:
Carl Johan T0rnell
Monday, March 8, 2010 4:31 PM
secretary
Regulation of Retail Forex
Dear Mr Stawick,
Please allow me to express my sincere worries concerning the proposed cap on leverage for Forex
traders of 10:1. The capacity to leverage currency positions offers an invaluable flexibility in hedging
currency risks. A cap as low as 10:1 would seriously hamper the power of deal making. Apart from the
negative effect it would have on my ability to strike deals, it would put a much more serious cap on the
overall capacity of the economy to grow.
Sincerely Yours,
Carl J Tornell
Mr. Carl Johan T0rnell
GSMBE +32 485 53 02 65
GSM SE +46 76 782 19 16
Facsimile +44 7092 29 00 94
E-mail
[email protected]
111, avenue Moli~re
BE-1190 Bruxelles
BELGIUM
Telephone +32 2 344 4865
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