On March 28, the Commodity Futures Trading Commission approved the National Futures Association’s proposed Interpretive Notice to its Compliance Rule 2-36(e), which sets out guidelines for the supervision of electronic trading systems by forex dealer members (FDMs). The Notice provides guidance to FDMs in creating required written procedures reasonably designed to protect customer information, to efficiently deliver customer orders and report executions, to establish appropriate credit and risk-management controls and to protect the integrity of trades. The Notice also sets out details regarding FDM recordkeeping obligations and related procedures, including the information that an FDM’s electronic system should record and maintain.