FXDD announced today its successful registration with the
Commodity Futures Trading Commission (CFTC) and its newly enacted
status as an official member of National Futures Association (NFA).
Going forward, FXDD will operate as a fully registered Forex Dealer
Member (FDM) in accordance with the rules and regulations of CFTC and
NFA.
“We
have always focused on compliance and made sure we were up to speed on
new changes in the applicable rules and regulations. Throughout the
registration process we worked closely with the NFA and came to
appreciate the hard work and effort the NFA staff puts in to manage a
firm through the registration process. Needless to say, I am glad that
we’ve finally obtained member status. This is a very important and long
awaited moment in the life of our company,” said James E. Green, Chief
Legal Counsel and Head of Compliance for FXDD.
FXDD, headquartered in New York City, is a leading online foreign
exchange trading firm dedicated to providing superior customer service,
powerful trading technology, and reliable streaming liquidity. We
provide our services to individual and institutional traders, hedge
funds, commercial entities, brokerage firms and money managers around
the world. FXDD offers 24-hour Forex trading by way of its trading
platforms, which include: MetaTrader, MTXtreme, FXDDTrader, PowerTrader
and FXDDAuto. The Company’s services currently provide competitive
interbank pricing, no-interest accounts, and fully automated execution.
FXDD also provides competitive bid-to-ask spreads (2-3-wide on most
majors for retail platforms and 0-2 pips on most majors for
institutional platforms).