Quote Originally Posted by ;
I've read most of the posts in this thread but not one of them ask the ideal question (except post #13),'' WHO BENEFITS FROM THOSE RULES, certainly NOT the trader.
”This measure was taken for customer protection and market transparency,” explained Larry Dyekman, the Treasury association's director of communiions. ”We feel that other ways of offsetting trades would deceive some customers into thinking that their accounts were more profitable than they really are. By employing this first-in, first-out method, which is how it's done on the futures exchanges, clients will have a much clearer perspective on where their account stands at the conclusion of the day.”

http://www.bloomberg.com/apps/news?p...d=agM.0z6yEfvI