http://forexmagnates.com/nfa-prefers-market-makers-over-ecnstp-brokers/ 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 http://forexmagnates.com/nfa-prefers-market-makers-over-ecnstp-brokers/#comment-5111 jadoel Fri, 18 Dec 2009 02:35:27 +0000 http://forexmagnates.com/?p=2704#comment-5111 WTF is this? Oh well, business is business... WTF is this? Oh well, business is business…

]]> http://forexmagnates.com/nfa-prefers-market-makers-over-ecnstp-brokers/#comment-5110 Forex Crunch Tue, 15 Dec 2009 17:14:19 +0000 http://forexmagnates.com/?p=2704#comment-5110 Thanks for this important analysis. This doesn't help the forex industry to become more mainstream. Thanks for this important analysis. This doesn’t help the forex industry to become more mainstream.

]]> http://forexmagnates.com/nfa-prefers-market-makers-over-ecnstp-brokers/#comment-5109 Michael Greenberg Tue, 15 Dec 2009 16:45:57 +0000 http://forexmagnates.com/?p=2704#comment-5109 That's true Stephen, but larger capital is one thing and hefty membership fees is another... That’s true Stephen, but larger capital is one thing and hefty membership fees is another…

]]> http://forexmagnates.com/nfa-prefers-market-makers-over-ecnstp-brokers/#comment-5108 Stephen Leahy Tue, 15 Dec 2009 15:36:13 +0000 http://forexmagnates.com/?p=2704#comment-5108 i agree with your analysis, Michael. But remember that those firms taking on risk (and not a STP/ECN broker) have larger capital requirements from the NFA. So while the STP/ECN clearing firms pay more annually, the dealing desk firms need to hold more capital. It comes down to a math question for the owners of any NFA-based clearing firm.....more equity invested and less expense? Or less equity invested and higher expenses? i agree with your analysis, Michael. But remember that those firms taking on risk (and not a STP/ECN broker) have larger capital requirements from the NFA. So while the STP/ECN clearing firms pay more annually, the dealing desk firms need to hold more capital. It comes down to a math question for the owners of any NFA-based clearing firm…..more equity invested and less expense? Or less equity invested and higher expenses?

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