Interbank FX risk disclosure update
Looks like IBFX rushed into publishing its new risk disclosure and by assuming all clients need to approve it prior to CFTC CFTC The 1974 Commodity Exchange Act (CEA) in the United States created the Commodity Futures Trading Commission (CFTC). The Commission protects and regulates market activities against manipulation, fraud, and abuse trade practices and promotes fairness in futures contracts. The CEA also included the Sad-Johnson Agreement, which defined the authority and responsibilities for the monitoring of financial contracts between the Commodity Futures Trading Commission and the Securities and Exchange Commiss The 1974 Commodity Exchange Act (CEA) in the United States created the Commodity Futures Trading Commission (CFTC). The Commission protects and regulates market activities against manipulation, fraud, and abuse trade practices and promotes fairness in futures contracts. The CEA also included the Sad-Johnson Agreement, which defined the authority and responsibilities for the monitoring of financial contracts between the Commodity Futures Trading Commission and the Securities and Exchange Commiss Read this Term's official deadline of October 18th:
We would like to inform you that the CFTC has officially revised their ruling regarding the new risk disclosure. As of October 12, 2010, the CFTC will not require existing customers to acknowledge the new risk disclosure in order to continue trading with Interbank FX. No action is needed from you.
For reference, you may review the risk disclosure on our website. Feel free to contact our friendly customer service friendly team if you have any questions.
We apologize for any inconvenience.
The Interbank FX Team
Looks like IBFX rushed into publishing its new risk disclosure and by assuming all clients need to approve it prior to CFTC CFTC The 1974 Commodity Exchange Act (CEA) in the United States created the Commodity Futures Trading Commission (CFTC). The Commission protects and regulates market activities against manipulation, fraud, and abuse trade practices and promotes fairness in futures contracts. The CEA also included the Sad-Johnson Agreement, which defined the authority and responsibilities for the monitoring of financial contracts between the Commodity Futures Trading Commission and the Securities and Exchange Commiss The 1974 Commodity Exchange Act (CEA) in the United States created the Commodity Futures Trading Commission (CFTC). The Commission protects and regulates market activities against manipulation, fraud, and abuse trade practices and promotes fairness in futures contracts. The CEA also included the Sad-Johnson Agreement, which defined the authority and responsibilities for the monitoring of financial contracts between the Commodity Futures Trading Commission and the Securities and Exchange Commiss Read this Term's official deadline of October 18th:
We would like to inform you that the CFTC has officially revised their ruling regarding the new risk disclosure. As of October 12, 2010, the CFTC will not require existing customers to acknowledge the new risk disclosure in order to continue trading with Interbank FX. No action is needed from you.
For reference, you may review the risk disclosure on our website. Feel free to contact our friendly customer service friendly team if you have any questions.
We apologize for any inconvenience.
The Interbank FX Team