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Update1 NFA Not allowing stop and limit orders - FIFO delayed to July 31st

Posted on May 5, 2009 at 12:13 in Forex, NFA new requirements by Francesc

Hi everyone

On April 30th I published here that the NFA will not be allowing stop and limit orders on open positions as this conflicts with their FIFO - first-in, first-out - new policy.
This had to go into effect may 17th along the announced prohibition of hedging.

At this time, the only update I’ve got so far is that due to the strong opposition of forex brokers, FIFO is being delayed to July 31st.

Francesc

Tags: limit orders and stop orders, National Futures Association, NFA

One Response to “Update1 NFA Not allowing stop and limit orders - FIFO delayed to July 31st”

on 08 Jun 2009 at 1:53 pm1Chidi Ogbonna

This is madness!! Something need to be done about these people telling us how to trade and how to invest our money. Whatever happened to free market

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