I think it's the Futures industry and the liquidity providers seeing that it's the CFTC that's picking on FXCM this time while being fully aware of FXCM's situation after that exceptional event (that quite honestly was caused by all the liquidity providers shutting down the market really). Futures industry has everything to gain seeing that some of the retail fx traders would have no choice but to move over to trade futures as they are the closest alternative and they are the ones who's contributing to NFA/CFTC. After all NFA stands for National Futures Association. Retail FX was just a tag-along that CFTC/NFA just decided to scoop into its jurisdiction to oversee as part of Dodd-Frank crap. But Futures was never able to compete with Retail FX due to its high margin requirement, high commissions and low volume. Ever since retail FX went under CFTC/NFA, CFTC/NFA has never stopped making Retail FX to be more like Futures; they lowered leverage cap twice, insisted on FIFO, banned hedging all to make retail FX to be less competitive vs. Futures. Now Futures just couldn't wait for retail FX to be gone. If you think it's the bucket shops that's lobbying to get rid of the retail FX, you are not too far from the truth but it's not Oanda or forex.com. It's the banks, the liquidity providers. They are the ULTIMATE bucket shops. Just because they are big in size doesn't mean they don't operate in bucket shop mode. Everything we see those market makers at retail level do, they do it 10X worse at the bank level and the regulators, just to be fair to them, DID try to investigate and stop them but as of right now, I haven't heard any confirmation of results. Now if those liquidity providers can directly deal with us as market makers requoting, stop-hunting and freeze prices on us, basically everything that a market maker does and let me tell you EVERY SINGLE of those banks like Citi, Deutch and etc. operate as market maker when you deal with them directly, WHY would they want middle-men brokers like FXCM to be the in the middle getting a share of the profit?원래에 의해 게시 됨 ;
Forex 변동성의 붕괴로 인해 주식을 거래하고 있습니다. 따라서 소매업이 파산한다면 덜 관심을 가질 수 없습니다. 이제 저는 Forex 소매 상인에 대한 마녀 사냥에 매우 당황합니다.
Who benefits from it? Who is profiting or will profit ? If you look close it does not seem their problem is against retail itself but more against ECNs. Are bucketshops ( Oanda and Forex.com) lobbying hard to get rid of ECNs? It has to be the bucketshops !! I don't think banks are behind it, because if they were they could just stop providing liquidity. There...
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