1913-The US Congress creates the Federal Reserve System.

1933-To deal with the consequences of the Great Crisis of 1929, Congress passes the Securities Act of 1933.

1934-The Securities Trading Act of 1934 creates the beginnings of the Securities and Exchange Commission.

1936-As a direct response to the manipulation of grain and futures markets, the Law on Commodity Exchanges was adopted.

1944-In order to help stabilize the world economy after the Second World War, the Bretton Woods Agreement is established.

1971-The Smithsonian Agreement is established to ensure wide floating exchange rates.

1972 - Due to the fact that the European community is trying to move away from its dependence on the US dollar, the European Agreement on a joint floating exchange rate is established.

1972-The International Currency Market is created as a structural division of the Chicago Mercantile Exchange.

1973-The Smithsonian Agreement and the European Agreement on a joint floating rate go down in history, meaning the official transition to a free-floating system.

1974-Congress creates the Commodity Futures Trading Commission, which regulates the futures and options markets.

1978-In order to try to gain independence from the US dollar, the European free-floating exchange rate currency system is re-introduced.

1978-The International Monetary Fund officially provides for a free-floating system.

1993-The European monetary system is not able to move away from the world currency system of a freely floating exchange rate.

1994-The online currency trading debuts.

2000 - The Law on the Modernization of Commodity Futures establishes new rules for derivatives of securities, including currency futures or forward forms.

2002-From January 1, the euro becomes the official currency of 12 European countries.

2009 – The CFTC and the NFA implement the Departmental Rule NFA 2-43.

2009-The NFA sets minimum margin requirements for retail trading in the FOREX market.

Until the late 1960s, foreign exchange markets were extremely stable and very closed clubs. Things are starting to change quickly! Currency trading is probably the second oldest profession in the world!

The euro, introduced in 2002, becomes the official currency of 22 European countries (Austria, Andorra, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Kosovo, Luxembourg, Malta, Monaco, Montenegro, the Netherlands, Portugal, San Marino, Slovakia, Slovenia, Spain and the Vatican).

In 2010, Lithuania switched to the euro, and in 2011 – Estonia.

The NFA 2-43 departmental rule has largely changed the rules of the game at the retail level.