terryhe 发表于 2009-6-26 15:09:53

7.31以后,美国外汇商将取消止损和限价功能,对MBT有什么影响?

由 2009 年 7 月 31 日起,全国期货协会(NFA)将规定所有美国受监管外汇交易成员(FDM)根据合规规则第2-43(b)条以先进先出基准(FIFO)执行交易。

先进先出规定,当您就同一货币对持有多个持仓时,最先建立的持仓便会首先被平掉。

因此,外汇交易者将不能再选择性地就个别交易建立止损或限价,亦不能在“开仓部位”窗口更改或平掉交易。

NFA的立场是,先进先出为客户提供更高的透明度,与查看个别持仓的结果相比,能提供多个持仓的更准确损益状况。这亦令外汇市场与期货及股票市场的常规更趋一致。

请问以上规定,对MBT有什么影响,希望大家解答一下,谢谢。。

coollyw 发表于 2009-6-26 15:22:54

哪里有你讲的东西??
Price Adjustments
Offsetting Transactions
FIFO针对的应该也就是Offsetting Transactions而已

RULE 2-43.FOREX ORDERS.(a)Price Adjustments

(1) A Forex Dealer Member may not cancel an executed customerorder or adjust a customer account in a manner that would have thedirect or indirect effect of changing the price of an executed orderexcept when:
(i) the cancellation or adjustment is favorable to the customer and is done as part of a settlement of a customer complaint; or(ii) if a Forex Dealer Member's platform exclusively usesstraight-through processing such that the Forex Dealer Memberautomatically (without human intervention and without exception) entersinto the identical but opposite transaction with another counterparty(creating an offsetting position in its own name) and that counterpartycancels or adjusts the price at which the position was executed.

        (2) With regard to cancellations or adjustments made pursuant to section (a)(1)(ii), a Forex Dealer Member must:
(i)provide written notification to the customer within fifteen (15)minutes of the customer order having been executed that it is seekingto cancel the executed order or adjust the customer's account toreflect the adjusted price provided by the Forex Dealer Member'scounterparty, as applicable, and the written notification must includedocumentation of the cancellation or adjustment from the Forex DealerMember's counterparty; and (ii) either cancel or adjust all executedcustomer orders executed during the same time period and in the samecurrency pair or option regardless of whether they were buy or sellorders.

(3) Notwithstanding section (a)(2)(ii), a Forex Dealer Member maychoose to honor transactions in which customer orders resulted inprofits for the customers but must do so with regard to all similarlysituated customers.(4) Cancellations and adjustments to executed customer orders must bereviewed and approved by a listed principal that is also an NFAAssociate. Such review and approval must be documented by a writtenrecord, must include any supporting documentation, and must be providedto NFA in the manner requested by NFA.
(5) A customer order is considered executed upon the earlier of thecustomer receiving notification of the execution price from the ForexDealer Member or when the position established by such order isidentified in the customer's account, whether electronically orotherwise.
(6) If a Forex Dealer Member may cancel or adjust an executed orderunder the circumstances provided for in section (a)(1)(ii), the FDMmust provide customers with written notice that the Forex Dealer Membermay cancel or adjust executed customer orders based upon liquidityprovider price changes prior to the time they first engage in forextransactions with the Forex Dealer Member. The notice may be includedin a customer agreement.
(7) Any provision in a customer agreement or any contract between aForex Dealer Member and a customer that reserves to the Forex DealerMember the right to make price or equity adjustments to a customeraccount except as allowed by this Rule is prohibited.

(b)Offsetting Transactions
Forex Dealer Members may not carry offsetting positions in acustomer account but must offset them on a first-in, first-out basis.At the customer's request, an FDM may offset same-size transactionseven if there are older transactions of a different size but mustoffset the transaction against the oldest transaction of that size.

redstart 发表于 2009-6-26 15:23:56

???

这又是转载的哪个脑残人士翻译的文章?

NFA这条规定的作用是禁止“锁仓”,当然“锁仓”也是脑残人士才能想出来的赚钱方式。

于是脑残人士只有跑到英国去开公司骗钱。

charlies 发表于 2009-6-26 15:27:01

这个好玩的猫猫又出来活动了。:lol
原帖由 redstart 于 2009-6-26 15:23 发表 http://www.forex-town.com/images/common/back.gif
???

这又是转载的哪个脑残人士翻译的文章?

NFA这条规定的作用是禁止“锁仓”,当然“锁仓”也是脑残人士才能想出来的赚钱方式。

于是脑残人士只有跑到英国去开公司骗钱。

redstart 发表于 2009-6-26 15:28:58

想辩论的尽管来

哥今天很空

NFA官僚是很官僚但最近这些举动我是举双手双脚赞成

coollyw 发表于 2009-6-26 15:34:42

原帖由 redstart 于 2009-6-26 15:28 发表 http://forex-town.com/images/common/back.gif
想辩论的尽管来

哥今天很空

NFA官僚是很官僚但最近这些举动我是举双手双脚赞成

这亦令外汇市场与期货及股票市场的常规更趋一致。
NFA的这个观点我很赞同。

KK999 发表于 2009-6-26 19:02:01

拿FXCM的公告的来MBT问
真是傻呼呼

MBT 的TTO是另外设立的订单, 本来等于就是先进先出

而FXCM止损止盈是连接个别仓位, 因为禁止对冲,
没办法作成先进先出,当然要取消,
这些MM是要让止盈止损各挂, 其中一个成立, 另一要自己手动取消, 否则后果自负.

MM为啥不要把止盈止损合成一个订单, 一样可达成先进先出啊!!
不就是为了逼迫你转去英国.
美国不久更会将低杠杆, MM希望客户多用高杠杆才会容易赔钱.
司马昭之心,路人皆知.

[ 本帖最后由 KK999 于 2009-6-26 19:03 编辑 ]

terryhe 发表于 2009-6-26 22:28:43

这样的话我就放心了,谢谢大家的解答。。

QYFX 发表于 2009-6-27 09:32:55

锁仓当然有用,短线有短线趋势,波段有波段趋势,长期还有长期趋势。何况现在期货软件还有秒K线,比如15秒k,和一分钟给出的交易信号都有可能相反的,光日内交易超短和日内趋势方向不一样的时候那更多了。
金融交易的门派多了,天天自以为是的家伙真不少,估计书看多了,看傻了,教条啊。

[ 本帖最后由 QYFX 于 2009-6-27 10:01 编辑 ]

QYFX 发表于 2009-6-27 09:48:01

禁止锁仓,才是标准的脑残,禁的住吗?两个账户解决问题。
何况还有FXCM英国也有分公司,还是独立账户。

[ 本帖最后由 QYFX 于 2009-6-27 09:51 编辑 ]
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