NEW YORK, May 8 /Xinhua-PRNewswire/ -- FXDD, a global leader in online foreign exchange trading, today announced its applications for becoming a National Futures Association (NFA) member and for registration as a Futures Commission Merchant (FCM) with the CFTC are pending approval. Clients may follow FXDD progress through the registration process by logging on to the NFA's website (http://www.nfa.futures.org ) and searching the BASIC system under its NFA ID number 0397435.
"The pending reauthorization legislation for the CFTC will fill the gaps left by previous legislation and narrow the playing field for entities in the Forex space. The value of companies as registered entities and non-registered entities is driven by many factors; registration is certainly one of those factors," commented James E. Green, FXDD's chief legal counsel. "FXDD is always interested in increasing its business under the appropriate circumstances by providing professional service and promoting certainty and clarity as to the government and private agencies responsible for regulating Forex dealers."
About FXDD
FXDD, headquartered in New York City, is a leading online foreign exchange trading firm dedicated to providing superior customer service and powerful technology to retail traders, hedge funds and money managers. FXDD is also a reliable liquidity provider for brokerage companies and institutional investors. The Company offers 24-hour forex trading via its trading platforms: FXDD Trader and Meta Trader (retail), Power Trader (institutional) and FXDD Auto (automated). FXDD provides true interbank pricing; no-interest accounts; fully-automated execution; 100:1 leverage for regular accounts and 200:1 leverage for mini accounts; and narrow bid-to-ask spreads (2-3-wide on most majors). For a free demo, please visit http://www.fxdd.com , or call toll-free in the U.S. at 1.866.FOR.FXDD or +1.212.791.3950.
