NFA Announcement: New Filing Requirements for FCMs that Act as a Counterparty to a Forex Transaction with an ECP

The NFA announced an amendment to the Financial Requirements Section 1(a) to set forth an additional alternative minimum adjusted net capital requirement, of at least $20 million, that applies to an FCM that acts as a counterparty to a forex transaction with an eligible contract participant (ECP). All FCMs will be required to address questions in the Supplemental Schedule that they must file for June as to their forex transactions.

See: NFA Announcement.