BarroMetrics Views: NFA Rule 2-43 (b): “first-in, first-out” (FIFO) II
The story so far:
The NFA wanted to abolish the practice of hedging.
It did so using the ‘First-in, first-out’ rule.But this had an intended consequence for brokers using a position-based system of accounting.
Faced with their clients being unable to place stops, limit orders etc, the affected brokers […]
