Foreign Exchange Dealers Coalition - FXDC

See: Foreign Exchange.

Foreign Exchange Dealers Coalition, or FXDC, was a short-lived alliance of the largest U.S. Forex (foreign exchange) dealers. Created in 2007, the FXDC was quietly closed after a few years.

The purpose of the FXDC was to share information and resources and to set fair regulations (“fair” in the eyes of investors, who want innovation and job creation to blossom like daisies in the spring).

The FXDC was likely created as a reaction against heavy-handed regulation of forex markets in the U.S. After the Commodity Futures Modernization Act of 2000 created a whole lot of regulatory and bureaucratic red tape (things like audits, higher capital requirements, and forex regulations), the FXDC popped up, with the nine biggest forex firms teaming up together to say “hey, wait a minute...let’s trim some of this red tape.”

What happened? Only those in the FXDC know. Let those conspiracy theories run wild.