NFA Increases Forex Dealer Member Minimum Security Deposits

In response to recent volatility in the currency markets and increased margin requirements imposed on foreign currency futures by the Chicago Mercantile Exchange ("CME") and Intercontinental Exchange ("ICE"), the NFA Executive Committee increased the required minimum security deposits required to be collected and maintained by Forex Dealer Members ("FDMs") under NFA Financial Requirements Section 12. At the same time, given the recent margin decreases that CME and ICE have implemented with respect to foreign currency futures involving the Swiss franc, the NFA Executive Committee lowered the required minimum security deposit required for currency pairs involving the Swiss franc.

These adjustments become effective, for both new and existing positions, at 5:00 p.m. (CST) on December 5, 2016 and remain in effect until further notice.