New Compliance Rule

The National Futures Association (NFA) has implemented a new rule, Compliance Rule 2-43, which takes effect May 15 and affects all FCMs. This rule prohibits Force Open positions, or the practice of customers carrying offsetting positions in the same currency pair.

Beginning May 15, IG Markets Inc., along with all other FCMs, will no longer be able to offer the Force Open feature on any new positions. Positions that were established prior to May 15 do not have to be liquidated; however, once either position is closed out on or after May 15, it may not be re-established as a Force Open.

Read more about NFA Compliance Rule 2-43.

If you have questions or comments, please call us at 866 748 1341, or email us at clientservices@igmarkets.com Sunday through Friday.