CFTC Chairman Massad Addressing International Problems In Wake of FXCM

CFTC Chairman testifies in Congress as protecting markets and investors appears the top priority
In the wake of significant losses at currency brokerage firm FXCM, the U.S. Commodity Futures Trading Commission (CFTC) is looking to implement additional safeguards. But is the real risk management issue – a flash crash – the one issue most difficult to address?

FXCM is a retail-focused derivatives brokerage firm that imploded when Swiss central bankers announced a . . .


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