Monday, August 30, 2010 8:36:27 PM
(US) CFTC announces final retail foreign exchange market rules: Backs away from controversial 10:1 leverage proposal; Lays out capital standards and reporting requirements
- To allow NFA to impose its own leverage rules with minimum security deposit of 2% (50:1) on trades involving major currencies and 5% (20:1) on the notional value of the trade for all other currencies.
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