The Russian National Association of Forex Dealers (NAFD) was previously known for its activity in the field of over-the-counter activity, but now it does not intend to give up positions and has applied for a license from a specialized forex SRO. Previously, the organization could not do this, and only now, after its second member, Forex Club received the status of an official forex dealer, the organization was able to apply for appropriate solutions.
If everything goes well, then there will be two organizations of forex dealers in Russia. So far, the first organization of forex dealers that can officially carry out its activities on the territory of the Russian Federation has become the AFD, the Association of Forex Dealers. To date, it already has four members – forex dealers, including VTB 24, which is immediately part of both the AFD and NAFD. According to the head of VTB 24, the company is not going to withdraw from NAFD. Thus, the company will remain a member of two SROs at once.
