Foreign Exchange Dealers Coalition - FXDC


DEFINITION of 'Foreign Exchange Dealers Coalition - FXDC'

An alliance of the largest U.S. foreign exchange dealers formed in 2007. The Foreign Exchange Dealers Coalition's goal is to create awareness and recognition of forex dealers and their views regarding regulation implementation in the forex industry. Foreign exchange dealers that are part of the coalition attempt to use their collective power to influence the industry.

BREAKING DOWN 'Foreign Exchange Dealers Coalition - FXDC'

The FXDC has become involved with forex industry proposals that address major regulatory changes. For example, the FXDC became involved in 2007, when the Commodity Futures Trading Commission (CFTC) required mandatory registration through the National Futures Association (NFA) for retail foreign exchange dealers (RFEDs), futures commission merchants (FCMs), forex commodity pool operators (CPOs) and commodity trade advisors (CTAs).

  1. Forex Club

    A national association of wholesale foreign exchange professionals ...
  2. Broker-Dealer

    A person or firm in the business of buying and selling securities, ...
  3. Authorized Forex Dealer

    Any type of financial institution that has received authorization ...
  4. Foreign Exchange Dealers Association ...

    An association of banks specializing in the foreign exchange ...
  5. Commodity Futures Trading Commission ...

    An independent U.S. federal agency established by the Commodity ...
  6. Sales Tax

    A consumption tax imposed by the government on the sale of goods ...
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