Some noise from the CFTC about restricting margin to 10:1 (U.S.).
Another example of the financial crisis being used to eliminate competition for the big players and raise the barriers for entry.
What risk would small speculators pose in a trillion dollar market? Maybe the CFTC should focus on the OTC commodities markets, where big banks don't have any limit or transparency on multi-million dollar positions
which could affect key commodities such as oil.
http://ftalphaville.ft.com/blog/2010/01/15/127166/a-london-loophole-for-fx/
http://ftalphaville.ft.com/blog/2010/01/15/127586/save-our-fx-leverage/
Another example of the financial crisis being used to eliminate competition for the big players and raise the barriers for entry.
What risk would small speculators pose in a trillion dollar market? Maybe the CFTC should focus on the OTC commodities markets, where big banks don't have any limit or transparency on multi-million dollar positions
which could affect key commodities such as oil.
http://ftalphaville.ft.com/blog/2010/01/15/127166/a-london-loophole-for-fx/
http://ftalphaville.ft.com/blog/2010/01/15/127586/save-our-fx-leverage/
