Where I am employed I have to get pre trade clearance from my compliance before putting a trade on. If I do a forex conversion (for example sell some aussie buy some yen) in my Interactive Brokers USD account would that be an example of a 'security trade' according to this definition of a security from the securites act: Reportable Securities includes: note, stock, treasury stock, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, pre-organization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, any put, call, straddle, option, or privilege on any security (including a certificate of deposit) or on any group or index of securities (including any interest therein or based on the value thereof), or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency; units in a collective investment scheme; units in an investment trust; shares in an exchange traded fund registered under the Company Act either as an open-end management company or as a unit investment trust (âETFsâ); shares, units or interests in private investment pools; and, in general, any interest or instrument commonly known as a âsecurityâ, or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or Purchase, any of the foregoing. <O></O> I think not but I am not sure what 'privelege entered into on a national securities exchange relating to foreign currency' means... I mean IB is not a national securities exchange right?