Will other UK brokers face similar action for asymmetric slippage? As we reported earlier, the UK arm of FXCM (NYSE:FXCM) has entered into a settlement agreement with UK's Financial Conduct Authority (FCA). The agreement is concluding and old issue for the company related to order execution practices (asymmetric slippage) between August 2006 and December 2010.…
Read morePress release follows. Full details and background coming soon at LeapRate.... The Financial Conduct Authority fines FXCM UK £4 million for making 'unfair profits' and not being open with the FCA The Financial Conduct Authority (FCA) has fined Forex Capital Markets Ltd and FXCM Securities Ltd ("FXCM UK") £4,000,000 for allowing the US based FXCM…
Read moreMt Gox closure sent prices on other exchanges down 25% to low $400's, now back around $600 Recent developments in the crypto currencies world have been of a substantially disruptive nature and there is no doubt that confidence has been shattered all over the place as the formerly leading Japanese exchange Mt Gox has finally…
Read moreOMF also recently launched the cTrader ECN platform for FX trading FX transaction processing software provider TwoFour has announced in a press release that New Zealand based OM Financial Limited (OMF) has selected the company to provide it with its TwoFour Foreign Exchange software to manage the whole spectrum of FX payments and margin transactions.…
Read moreThe newest educational website related to financial markets is FuturesFundamentals.com One of the world's leading exchange traded and over-the-counter derivatives exchanges has launched a new website that is aiming to educate its readers on the role of futures markets in the real economy. The CME Group achieves two important goals with its launch - it's…
Read moreTraders interested in speculating on the crypto-currency market are not put off by Mt Gox's closure LeapRate Exclusive: Sources close to various forex brokers in the industry have confirmed that as the debacle of the former leading Bitcoin exchange Mt Gox unfolds, interest amongst customers to trade the digital currency has been increasing. In fact the…
Read moreIt was about time to have a single framework to access EU wide information through a single resource It's been a long time coming - finally the European authority in charge of financial markets, the ESMA (European Securities and Markets Authority), has issued a press release that details the introduction of a single, consolidated register for…
Read morePlus500 co-founder Shimon Sofer sells, but Plus500 shares set another all-time high News that one of the founders of publicly listed CFDs broker Plus500 (LON:PLUS) has sold an overwhelming majority of his shares didn't manage to put a dent to investors' mood about the company. According to a notification letter published on the company's website,…
Read moreThe company (unknowingly) engaged in offering managed discretionary accounts The Australian regulator ASIC has issued a press release that details an enforceable action against online forex broker Forex Financial Services Ltd (Forex FS). An investigation which was carried out by Australian authorities has found that between March 2010 and October 2011 the brokerage has been…
Read moreIn the meantime UBS is seeking lenience in FX manipulation investigation (again) Recent weeks will most certainly remain in history for most professional FX traders, as the number of suspended/fired traders has been ever growing and the FX manipulation investigation is on the minds of worldwide regulators. There is one more angle that hasn't been touched…
Read more