PipStop

There will be more on this later, but for all those who read the blog, and subscribe, I just wanted to let you know that Trading Post has taken the long awaited next step by becoming officially registered with the National Futures Association.

An official news release will be sent out, and I will provide some additional thoughts, and what implications this has for us, later.

This isn't unexpected. Perhaps we should expect more of it, actually. It was announced today that FX Solutions has been acquired by City Index Group of the UK. 

With the National Futures Association's (NFA) raising of the adjusted net capital for Forex Dealer Members to $5 million in December, and statement of support to raise that to $20 million, it's going to further drive the independent retail Forex brokers to seek refuge under a larger umbrella.

Of course it isn't just adjusted net capital and the potential for it to rise that this happened and similar things will happen, but it's the ability to scale up and become a truly global company. Money for one - was not a problem at FX Solutions.

Just as some traders diversify by trading different currency pairs, and not sticking to one for life, independent Forex Dealer Members will seek to partner up.

Looking at the landscape I wouldn't be surprised to see brokers such as GFT and Interbank FX do something similar. Not to say this would happen of course - don't get too excited - I'm just saying I wouldn't be surprised.