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Technology brings a trading revolution
Financial institutions and large banks were the only ones able to conduct foreign exchange transactions before the advent of online technology. Individual investors rarely have the opportunity to participate in the market for transactions.
With the development and popularization of the Internet in the late 1990s, investment thresholds and costs were reduced, and individuals could participate in foreign exchange investments more easily.
It was necessary to perform certain trading behaviors in the bank to complete the transaction. Now as long as you turn on the phone or computer, the simple operation can be completed in a few seconds.
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Standardization of the market is integral to the rise of the foreign exchange market
In December 2000, the Clinton administration passed the Futures Modernization Act, which required foreign exchange futures brokers in the US to register with the American Futures Association (NFA) and accept regulation by the US Commodity and Futures Trading Commission (CFTC).
"Futures Modernization Act" provides strong legal protection for most foreign exchange investors, bringing the line foreign exchange margin transaction on the road to standardization. It not only applies to American investors, but also applicable By.