What is the typical leverage on futures? And do you know a good source of historical 1-min data on such instruments, going back at least 5 years? I guess it may be time to diversify from straight Forex.
--- In [email protected], "sidhartha70" <sidharth...@...> wrote: > > Trade futures on FX instead > > --- In [email protected], "ozzyapeman" <zoopfree@> wrote: > > > > Seems that FINRA is serious about reducing leverage for retail forex > > brokers all the way down to 1.5:1! > > > > In January they proposed the rule, and received 108 comments (107 of which > > were AGAINST the proposal). Now they have filed the rule and are awaiting > > approval: > > > > http://www.finra.org/Industry/Regul...gs/2009/P118864 > > > > Under this proposed rule, you would need to put up $66,666 to trade a > > single $100k lot! > > > > Unfortunately, my broker of choice IB, for which I spent the whole of last > > year developing my autotrading platform, is regulated by FINRA. I just hope > > that if this rule is actually approved, that IB is able to quickly spin off > > their Forex biz into another entity that comes under NFA regulation, > > instead of FINRA regulation. > > > > And I would appeal to Tomasz to make IBC controller compatible with other, > > non FINRA, Forex brokers as well - FXCM, HotSpot, Oanda. We need more > > choices. > > > > Moving autotrading from IB would be a pain in the neck, with a whole new > > API to code around. > > >
