PolyU Library
Journal Call no.AP8.W56
AuthorLi, Sandy.
Article TitleLicensing delay harms holders' trading : applicants can offer lower deposits / Sandy Li.
Is Part OfWindow ; v.4, no.38, 29 Sep 1995, p.52-53, illus.
AbstractThe Leveraged Foreign Exchange Trading Bill has had a controversial first year. It has not only driven hundreds of small foreign exhcange traders out of business but also squeezed out the big players. Two of the first batch of leveraged foreign exchange traders to be licensed after the bill was introduced have closed their forex operations within the last year. Another seven companies have withdrawn their applications for a licence from the Securities and Futures Commission.