DislikedHi,
Just thought we would expand on why we believe the CFTC rules affect ASIC OTC forex providers as a few clients have asked us and would like us to expand on the memorandum of understanding.
the CFTC and ASIC entered into a Memorandum of Understanding concerning consultation and co-operation in the administration of Futures laws ( Bilateral MOU )
At first one might argue that it doesnt affect Spot Forex at this stage but it goes on.
CFTC and ASIC are also party to the IOSCO Multilateral Memorandum of Understanding concerning the consultation...Ignored
Thanks for clarifying this.