Forex Dealers Coalition Launches Website

The Forex Dealers Coalition (“FXDC”) launched its first ever website this evening at www.fxdc.org to combat the Commodity Futures Trading Commission’s “Proposal to Regulate Retail Over-the-Counter Foreign Currency Transactions”.  To learn more about the proposal please read TTP President James Bibbings’s article “CFTC Forex Proposal; US Retail Market to Disappear?” now to determine how these rule changes may affect you.   

Haven’t heard of the FXDC yet?  Here’s some more information about them taken from their site:

“The Foreign Exchange Dealers Coalition is an alliance of the largest U.S. foreign exchange dealers. It was created to pool together industry resources to create awareness and recognition that forex dealers are a powerful choice for individuals who choose to speculate in financial markets.

 The FXDC partnership was formed in the fall of 2007 to demonstrate the viability of the forex industry and to ensure fair regulation and oversight that does not hamper freedom of choice, innovation or job creation.

 The global forex industry has boosted the national economy by training and employing a domestic workforce of thousands. In a global marketplace where Americans struggle to compete for high-tech jobs, American forex dealers lead the world in this fast-growing industry, outpacing other firms based in Europe, Japan and Australia.

 The American firms are regarded as the leaders in the industry, hiring highly-coveted, knowledge-based workers who contribute to the economy’s bottom line.”

 If you have further questions about the FXDC, the CFTC’s current proposal, or about any of TTP’s compliance solutions contact us today!  You can fill out our contact form here, or may call us at any time by dialing (312) 324-0040.