No more hedging orders NFA – delaying FIFO implementation

In my previous entries, I have mentioned that the First-In-First-Out (FIFO) processing of orders is part of the new NFA Rule 2-43b requirement. And looking at how some brokers have implemented the new rule, it seems that the FIFO requirement is not required.

Well, the truth is NFA has agreed to delay the this FIFO requirement until 31 Jul 2009! Read their notice here.

So there is no running away from it. Time to recode a number of routines.