The prospect of lighter regulations has revived interest in the country among foreign exchange brokers such as UFX and Alpari, which cater to small and individual investors. It has also brightened the outlook for an industry that has struggled and lost market share to places with looser regulations in Asia and Europe. He declined to identify those retail FX players. A return to the United States could mean physically setting up an office in the country as a U. Signed into law in in response to the global financial crisis, the Dodd-Frank financial reform legislation aims to overhaul business practices on Wall Street and protect consumers.
But its passage caused the demise of many U. In , there were 40 companies operating in the United States offering FX trading to retail customers.
Cyprus, with many FX brokers under its jurisdiction, has become popular with market participants because its European Union membership allows companies based in that country to provide FX services to other EU members.
Trevisani was a partner at currency broker FX Solutions, which exited the U. Russian currency broker Alpari, which left the United States in due to onerous regulations, is keen to see what happens with the new Trump administration.
Everybody is looking at the U. If the costs of reporting could be eased somewhat, then this would help, he added. In , the U. Prior to Dodd-Frank or in , the U. All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Answers On Innovation Thomson Reuters. Forex brokers eye U. Wooden dams and river jams: Exxon climate-change probe goes to Massachusetts top court. Designer Rachel Roy learned to bend so she will not break.
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