Retail Foreign Exchange Transactions

Rule 15b12-1, by its terms, will expire and no longer be effective on July 31, 2016. Interested persons should be aware that as of that date, any broker or dealer, including a broker or dealer that is also dually registered as a futures commission merchant ("BD/ FCM'), shall be prohibited under the Commodity Exchange Act ("CEA') from offering or entering into a transaction described in the CEA with a person who is not an eligible contract participant ("retail forex transaction').