NFA Specifies Effective Date for Amended Forex Transaction Requirements

The National Futures Association ("NFA") notified member firms that the CFTC approved an amendment to NFA Compliance Rule 2-36 that requires forex dealer members ("FDMs") to provide a customer with certain transaction execution data (e.g., the execution date, quantity, and execution price) within 30 minutes of the customer's request.

Under the amendment, an FDM must present the customers who request it with specified transaction data for 15 transactions in the same currency pair that occurred within 15 minutes before and after the customer's transaction.

The final amendment will become effective on March 31, 2017.