Thread: backtesting
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Old 06-22-2008, 02:14 PM
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David Waring David Waring is offline
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Hi Houssam,

I think I missed the second part of your question in my original response.

To start a brokerage firm like FX Sol or FXCM you have to have $20 Million in liquid assets and meet the financial reporting and regulatory requirements as set out by the CFTC which is the regulatory body that oversees forex in the US.

Then you must either buy a third party trading platform and backoffice system or build one yourself.

Lastly you must obtain clearing relationships with whoever you plan to offset client trades with wether it be a bank or another brokerage firm.

Those are the major steps.

Best Regards,
Dave
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