NFA postpones the new anti-hedging rule..

I just got word that the NFA has succumbed to a serious influx in complaints and has decided to hold off on the new anti-hedging policy until July 3rd, 2009...

I will have more information shortly and will keep everyone updated.




*Please note that just because the NFA postpones the effective date of this rule does NOT mean that your FCM has also decided to push their respective effective date back as well. Check with your broker.

Yes I believe they are postponing the changes in order to let brokers attempt to adjust their systems in time.

Notice I-09-12
May 05, 2009
Revised Effective Date for Portions of NFA Compliance Rule 2-43(b)

Notice I-09-10, issued on April 13, 2009, stated that new NFA Compliance Rule 2-43(b) would be effective for any positions established after May 15, 2009. Rule 2-43(b) prohibits Forex Dealer Members (FDMs) from carrying offsetting positions in a customer account and requires that they be offset on a first-in, first-out (FIFO) basis.


NFA has received several requests to extend the effective date due to the complexity of the programming changes required to comply with the FIFO requirement. After considering those requests, NFA has decided to extend the effective date for the FIFO part of the rule until July 31, 2009.


Therefore, FDMs may not carry offsetting positions in the same account if either of those positions was established after May 15, 2009, but FDMs may offset positions on some basis other than FIFO through July 31, 2009.