PipStop

Yesterday I touched on evolving NFA regulations and how they are affecting the Forex broker landscape. I then put in a quick request to Karen Wuertz, who is the SVP of Strategic Planning and Marketing at the National Futures Association, and she responded to me with the following list.

It's important to note that sometimes there is a little more behind a name. For example, Hamilton Williams LLC ran Velocity4X. Many of the smaller Forex companies that have relied on trade commissions from smaller brokers will as a result also go out of business.

While many of you may see this as "less competition" making it a marketplace for a select few, I see it as cleaning up the industry where the inference that a quick buck can be made is rampant.

One point I've got to make to Trading Post Clients is that we have always strived to forge strong relationships with solid brokers which are well capitalized. Of course the process isn't perfect, as we see what happened to Refco a number of years back, but we're definitely looking at things with eyes wide open.

I sent the list from Ms. Wuertz to Francesc Riverola at FXstreet.com, and he responded back saying he just got the list, also. Francesc is the CEO and Founder of FXstreet.com and authors a great blog where he posted this information, also. Keep up the the great work!

Without further ado, and so there is no mistake and to put an end to the rumors of who's in and out, here is the list of registered FDM's.

Registered Forex Dealer Members

(as of December 21, 2007)

Advanced Markets Inc.

Bacera Corporation

Capital Market Services

CMC Markets US LLC

E FX Options LLC

Easy Forex US Ltd.

Forex Capital Markets

Forex Club Financial Company LLC

Friedberg Mercantile Group, Inc.

FX Solutions LLC

Gain Capital Group Inc.

GFS Securities and Futures, Inc.

Global Futures & Forex Ltd.

Hotspot FXr, Inc.

I Trade FX LLC

IFSCL USA, Inc.

IFX Markets, Inc.

Interbank FX, LLC

MB Trading Futures

Money Garden Corporation

Oanda Corporation

ODL Securities Inc.

Peregrine Financial Group, Inc.

RJ O'Brien Associates Inc.

Forex Dealer Members Who Have Ceased Operations Since September 1, 2007

American National Trading Corp.

Direct Forex FX

Farr Financial Group

Forex Liquidity

Hamilton Williams LLC

One World Capital Group LLC

Royal Forex Trading LLC (Freedom FX LLC)

SNC Investments, Inc.

Solid Gold Financial Services, Inc.

XpressTrade LLC