Big banks can get it wrong too, low institutional volumes might be a reason
Steady retail margins, growth is in Asia, big White Labels coming...
FSA unable to sell WorldSpreads, will return cash to clients.
FSA and KPMG have teams in on the weekend.
FXCM also reported healthy February volumes.
Continues trend of increasing FX volumes seen at ICAP and FXCM.
Gil Mandelzis replaces David Rutter as head of FX (ICAP EBS).
All the money is put in by existing investors, led by VC Spark Capital.