... citizens The Financial Markets Association (FMA) has suggested international foreign exchange regulatory standards FMA’s model code currently has regulatory standing in Australia, Austria, Canada, ... Milquetoast to Magilla Gorilla The CFTC and NFA have acted quite proactively Appendix A, “How the FOREX Game Is Played,” outlines many of the issues for all parties that have prompted the fast-tracking ... each transaction In effect, they are acting as their own mini-exchange At one end market makers are tapped into the Interbank market—often indirectly—and at the other end are the retail customers...