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NFA proposes to eliminate board seat allocated to retail forex dealers
Forex dealers see declining influence in the US, as their numbers continue to fall The structure of the Board of Directors of the NFA is facing imminent changes, and those might eliminate the board membership of retail forex dealers. Yesterday, the NFA has issued a press release detailing a proposal for structural changes to the Board. Back in August 2012 NFA’s Special Committee has recommended that Retail Foreign Exchange Dealers (RFEDs) get a Board representative. Things looked quite differently at the time – there was a total of 18 Forex Dealer Members (FDMs) comprised from eleven RFED/FCMs (Futures Commission ... (full story)
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