Excerpt from:  Forex News
.
July 02, 2009

New National Futures Association (NFA) Rule Will be Effective August 1, 2009

GFT traders not affected by rule

The NFA has enacted a new rule that will eliminate the ability of traders to hedge open trades. Many traders are nervous that they will no longer be able to place stop-loss or limit orders. As GFT has already been following this rule and will experience no changes. Customers with GFT will be able to continue to place stop-loss and limit orders.

 

There will be more information posted on FX360 shortly.  

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