FXall Provides Regulatory Updates through Website Webinar
FXall, an electronic foreign exchange (FX) platform, has launched a regulatory news section of its corporate website. The section highlights topics of interest regarding the impact of over-the-counter (OTC) derivatives legislation on FX execution and includes FXall’s comment letters to the Commodity Futures Trading Commission (CFTC) and the US Treasury regarding the Dodd-Frank Act, and media coverage about the pending regulations, including key articles and presentations.
FXall will host a webinar on 14 April, featuring Wayne Pestone, FXall’s chief regulatory officer (CRO), summarising the current state of regulations impacting FX execution.
Phil Weisberg, chief executive officer (CEO) at FXall, said: “The changing regulatory environment for OTC derivatives will have profound implications for the FX market and we believe it is important to have the views of all market participants represented. As the leading independent FX trading platform for over 1,000 institutions, we have made every effort to educate our clients and all members of the FX community in the implications for the industry so we can find solutions that enhance transparency in the market while still meeting the needs of market participants.”