When the stop anarchy in the Forex market?

Today
Forex Market -
the largest market in the world. daily
it traded around $ 5.3 trillion (according to the latest data).
At the same time, in spite of its huge
the scope and work 24/7, this market
It is not a single global regulatory
organization.

Unlike
foreign exchange transactions, trade options
Futures and Forex indirectly
It is governed by the Trade Commission
Futures in the US (CFTC).
For the most part the same currency trading
Forex meet the banks, which,
turn, are under strict
the control of the US Federal Reserve and the Treasury Department.
They pay close attention to the
international foreign exchange market and constantly
trying to keep track of evidence
manipulation, eliminating from the market
cheaters.

In light of all
this is clear:

supervision of the
the area still needs to keep
the integrity of the market and protect investors
(Both retail and institutional)
from players, unscrupulous and capable
distort the picture of the market, causing a wave
bankruptcies. Recent news about
It proposes to introduce legalized
Forex market rules intrigued
Trading Desk global community. but
before that, apparently, is still far:
Regulators around the world carefully
examine this question, but how and when
staged free
the foreign exchange market under the control of - is unknown.

The risk to the players

for retail
FX is the players
great risk from the lack of regulation
- a risk of being directly
fraud or illegal under the deal.
Thus, in the period from 2001 to 2007 in the United States almost
26,000 traders have lost a total of
460 million dollars in foreign exchange fraud.
Each case - it is a personal
financial disaster. growing level
fraud FX forced
CFTC in 2008
establish a special working group and
impose severe instruction (2010) to
little to protect individual traders. volumes
Forex trading is constantly on
increases, an increasing proportion of speculative
transactions profitable due
currency trading. some private
traders risk huge losses
due to the action, such as businesses,
engaged in high-frequency
algorithmic trading and
increased volatility in foreign exchange
market.

Malware lobby

Currency fluctuations in the forex market can
affect the purse of any country (think of George Soros, who had once fallen off the pound for some days by systematic fraud!).
Traditionally it is believed that the function
"Restore order" and the formation of
main cash pools Forex - it
the prerogative of the largest banks and
corporations. Of course, they are not very
I want to give his influence to any
Anyway regulatory authorities.
It is therefore very strong lobby work
Now against the creation of "regulatory
umbrella "on FX, and
This pattern of market regulation
It remains very mixed. Difference
As for many things, including,
for example, amount of leverage for
private traders: in Europe and the UK
it can not be higher than 1: 200, while Japan
recently lowered the maximum allowed with
1:50 to 1:25.
A crime that can not be punished

In 2013,
according to financial bodies
Britain (e.g., FCA) and
Swiss Supervisory Board
financial markets (FINMA),
have been proven cases
international manipulation in Forex,
which could be called a full-fledged
abuse. For all that, it is not clear
still, whether adjustments to punish
alleged fraud. While,
FINMA shows how,
how broad and deep the
coordination between the conspirators of
different countries (and literally at
authorities), FCA tries
announce plans for governing
"Tent" on the Forex and that the perpetrators
They should be punished. But how
they may be punished according to what
legislation which countries -
It can be a long debate. For example,
difficulty for the British financial
the regulator is that the area
Forex contracts do not fall under the
of the Financial Services and Markets Act,
therefore, under the regime abuse
this law is simply not covered.

What will happen with the Forex market?

Still
regulators and representatives of the largest
economists in the world are in doubt
as to what form should
take the Forex market regulation and
whether it is possible to carry out effective
on a global scale. It is clear that
retail private trade - is only
Forex tip of the iceberg,
Only 5% of the global
turnover. Any control acts
and organs are absent in the global
scale, and controls the largest
economies in the world have to work all
increasingly in concert with each other,
so that traders' community
dispelled the impression that
central banks pulling rubber for the sake of
Transnational Corporations and
the world's largest banks.