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Foreign currency futures contract

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Foreign currency futures contract
Standardized and easily transferable obligation between two parties to exchange currencies at a specified rate during a specified delivery month; standardized contract on specified underlying currencies, in multiples of standard amounts. Purchased and traded on a regulated exchange on which margins are posted.
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78 million in restitution and a civil penalty of $400,000, for fraudulent solicitation and offering illegal foreign currency futures contracts in violation of the California Commodities Law and federal law.
San Francisco Foreign Currency Firms and Three Account Executives to ... by Business Wire
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