NFA Changes Margin Requirements on Forex Trades
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NFA Changes Margin Requirements on Forex Trades
The US National Futures Association (NFA), the agency responsible for policing the futures industry in the United States, said it would temporarily raise margin requirements on the forex futures involving the Mexican peso, Japanese yen, and New Zealand dollar, effective December 5, 2016.
NFA has required traders to increase the minimum security deposits collected and maintained by the Futures Commission Merchant (FDMs) to 8 percent for the Mexican peso and 4 percent for the Japanese yen. The self-regulator also said that investors who enter into FX trades involving the New Zealand dollar would have to post a minimum margin of 3 ... (read more)
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