Relief follows announcements allowing foreign entities to trade directly with US
The Commodity Futures
Trading Commission has granted unlimited no-action relief to
foreign introducing brokers (IBs) regarding net capital and
financial reporting requirements.
The relief permits
foreign domiciled IBs to file audited and unaudited accounts
using local accounting standards in lieu of US accounting
principles or international financial reporting
An introducing broker
is a futures broker that works directly with a client but
delegates trade execution to another firm.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.