另一個交易所暫停程序槓桿場外交易

Another Exchange Halts Levered OTC Gold And Silver Trading

另一個交易所暫停程序槓桿場外交易黃金和白銀交易

Submitted by Tyler Durden on 06/22/2011 23:49 -0400

http://www.zerohedge.com/article/another-exchange-halts-levered-otc-gold-and-silver-trading

Last week it was Forex.com, now it is Oanda. As a reminder "Forex.com, a large retail foreign-exchange operation, on Friday told clients it will discontinue its gold and silver over-the-counter products marketed to retail investors who are U.S. residents. It asked investors to close their positions by July 15." This was first reported on Zero Hedge. "Trading gold and silver over the counter -- bypassing a futures exchange -- offered investors a chance to enter a highly speculative, leveraged market that also left many investors at risk of fraud, according to one trade group. “In order to trade, it needs to be done in a exchange, or it can’t be done at all,” said Dan Driscoll, a vice president with the National Futures Association. The industry group asked Congress for such changes, due to numerous cases of fraud in such contracts. Doing business with a futures exchange offers retail investors more protections and transparency, he said." There you go: it's the extensive fraud that did it. And just as we predicted, this is only the beginning to heard all PM investors into the waiting clutches of the CME's margin demands.

And now more and more are protecting from "fraud exposure."Starting with Oanda.