NFA Enhances Monitoring of FCMs, Amends FX Capital Requirements
The NFA Board of Directors announced that it has approved two measures which will further enhance customer protection safeguards.
- The first measure will enable NFA to make better use of technology in order to better monitor FCM segregation compliance.
- Secondly, NFA's Board approved rule amendments to increase the capital requirement, for FCMs acting as counterparties in off-exchange FX transactions with eligible contract participants ("ECP"), to $20 million in adjusted net capital.
Click here to view notice in full (links externally to NFA website).See also related news story: NFA Proposed Amendments Regarding Use of Technology to Monitor FCM Segregation Compliance.