CFTC Commish Eyes Retail Forex Regs After Swiss Shock
By Cara Salvatore (January 21, 2015, 8:17 PM EST) -- Days after the surprise uncapping of the Swiss franc's exchange rate sent shock waves through the retail forex industry, a U.S. Commodity Futures Trading Commission official has called for new guardrails in the sector, CME Group Inc. has taken emergency action by suspending normal rules, and the National Futures Association has raised the currency's forex deposit requirement by 150 percent indefinitely.
All three actions were spurred by Swiss National Bank's stunning Jan. 15 decision not to cap the Swiss franc's exchange rate against the euro any longer. The move continued to roil global markets Friday as large U.S. retail forex dealer...
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