I just received an email from FXDD announcing that they are not going to make any changes to any of their platforms with regard to CFTC's new anti-hedging regulation. The email read:
"In our effort to provide the best solution for your trading regardingthe NFA's new rule on hedging, please know that we have been in contactwith the NFA and have offered several solutions which we believe willaccommodate almost all types of trading strategies and comply with theNFA rules. Our discussions with the NFA are ongoing and we will keepyou advised. In the mean time, know that FXDD is making no immediatechanges to any platforms and that you will be fully advised prior toany proposed changes."
This is getting better than the soaps. First, FXCM tells all their U.S. customers to transfer their money to FXCM UK to avoid the hedging regulation. Now FXDD is dragging its feet on modifying their platforms to comply with the new regulation. Sounds like there's a rebellion afoot.
Anybody having fun yet?