National Futures Association (NFA) today announced increases in required minimum security deposits for Forex transactions.
The Association explains that, given the current margin requirements of CME and ICE with respect to foreign currency futures involving the British pound, Japanese yen and Turkish lira, the NFA Executive Committee has determined to increase the minimum security deposits required to be collected and maintained by forex dealer members (FDM) under NFA Financial Requirements Section 12 with respect to currency pairs involving the currencies below to the following:
Read More