Former CEO of UCL resources Christopher Jordinson faces up to 10 years in prison
The first of four pillars for a more effective market surveillance system is now operational
Follows ASIC review of City Index Australia involving weaknesses in handling client money.
Australia's smaller FX brokers are scrambling to offload market-making, to avoid higher capital charges.
Focus to be on assisted and automated trading for retail clients.
Using the cTrader ECN platform, FxPro moves to be a complete NDD broker.
FxPro UK Ltd can now hold client money and act as principal.