Comments on: Does your US broker comply with the upcoming FIFO (Rule 2-43) Regulation? http://forexmagnates.com/does-your-us-broker-comply-with-the-upcoming-fifo-rule-2-43-regulation/ Forex Magnates is the home of the Forex Elite providing up to date industry news coverage, commentary and scoops Sun, 12 Feb 2012 11:10:14 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Forex Crunch http://forexmagnates.com/does-your-us-broker-comply-with-the-upcoming-fifo-rule-2-43-regulation/#comment-4998 Forex Crunch Fri, 31 Jul 2009 11:05:23 +0000 http://forexmagnates.com/?p=1661#comment-4998 Regarding the backoffice solution implemented by IBFX, they could have possibly open each position on a new clone account, thus officially not linking the positions, and detaching the client from the orders. Such a solution requires very careful programming and testing. Its legality is also questioned. I also wonder how they did it.... Regarding the backoffice solution implemented by IBFX, they could have possibly open each position on a new clone account, thus officially not linking the positions, and detaching the client from the orders. Such a solution requires very careful programming and testing. Its legality is also questioned.
I also wonder how they did it….

]]> By: George http://forexmagnates.com/does-your-us-broker-comply-with-the-upcoming-fifo-rule-2-43-regulation/#comment-4997 George Wed, 29 Jul 2009 15:34:40 +0000 http://forexmagnates.com/?p=1661#comment-4997 IMO Oanda does not comply with NFA regs. Sure trades are closed out in a FIFO manner when you enter opposite deals (i.e. hedge positions are not created). This had always need the case with Oanda. However it is still possible to place two trades in EURUSD and close the second trade prior to the first. Equally you can continue to link TP and SL orders to open trades. These are not executed in a FIFO basis but instead close out the trade to which they are linked... IMO Oanda does not comply with NFA regs. Sure trades are closed out in a FIFO manner when you enter opposite deals (i.e. hedge positions are not created). This had always need the case with Oanda.

However it is still possible to place two trades in EURUSD and close the second trade prior to the first. Equally you can continue to link TP and SL orders to open trades. These are not executed in a FIFO basis but instead close out the trade to which they are linked…

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