Retail brokers evolve to meet regulation
Alpari (US) said last week it has introduced an in-house developed netting plug-in, which addresses trading under the NFA's previously imposed first-in-first-out (Fifo) rule (FX Week, April 20, 2009). The rule prohibits forex brokers from carrying offsetting positions in a customer account and requires that they be offset on a first-in, first-out basis. The Alpari tool enables platforms to buy, sell and place opposite-side pending orders and net positions as one aggregated position, which has
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