U.S. lenders may soon roll out retail foreign exchange trading, The Wall Street Journal reports. Banks, which have deposits insured by the Federal Deposit Insurance Corporation, will be able to offer currency trading to individuals
The new Dodd-Frank rules will generate more business providing the technology and trade execution for banks, known as white labeling. The new financial law requires various regulatory agencies to issue their own rules.
Click here for the story from The Wall Street Journal.