FastMatch more than doubled its average daily volume for December in one day during the sharp changes in the market caused by the Swiss National Bank's removal of the 1.20 peg on EURCHF, whilst FXCM looks to offload its 32% share in the company
Read moreA look back at the most intriguing and popular Forex industry news stories from the past week at LeapRate. To make sure that you receive timely access to all LeapRate articles Sign up to our Daily Forex Industry Newsletter on the right. → Last week the Swiss Franc fallout continued as brokers scrambled to report capital…
Read moreWith effect from 5.00pm EST on Monday January 26, minimum security deposits of between 3% and 20% will apply to 5 currencies, which in accordance with NFA ruling, should be collected and maintained by Forex Dealer Members
Read moreAlpari UK's Special Administrator, KPMG, has issued an update to (former) clients and creditors of the company. Interestingly, KPMG points out that in its initial review of trades at Alpari UK on the fateful day of Thursday January 15 (after the SNB's surprise move removing the EURCHF 1.20 floor) it has found some 'inconsistencies' in…
Read moreCopenhagen based retail forex broker Saxo Bank has issued an update on Swiss Franc Black Thursday, and how trading that day may affect the company's financial reports. Saxo Bank reports that due mainly to negative client balances on which it may not be able to collect, the bank may be forced to take a loss…
Read moreThe CFTC now permits foreign-domiciled IBs to file audited and unaudited accouns, as applicable, using local accounting principles in effect where the IB is domiciled in lieu of U.S. Generally Accepted Accounting Principles or International Financial Reporting Standards.
Read moreThe Russia arm of the Alpari Group, which emerged unscathed from Swiss Franc Black Thursday, has continued a PR and marketing campaign to help distance itself from the fate of Alpari UK, which has entered insolvency. We had earlier reported that Alpari RU announced a zero minimum deposit requirement on all trading accounts. Now Alpari…
Read moreFinCCX is registered in Finland (registration number 2623301-3) and governed by Finnish law.
Read moreWhile other brokers play cautious, Dukascopy, which is right in the heart of Switzerland finance based out of Geneva responds: "EUR/CHF - welcome back to the family of majors!"
Read moreAmong a general business update provided today, FXCM CEO Drew Niv says firm plans sale of non-core assets to raise cash while also revealing daily volume for January is on pace for company record. Should investors still have cause for concern?
Read more