Shift Forex’s FXIC NYC review, stricter rules to hit the FX industry – Forex Weekly Look Back

Last week the BOE’s ‘Fair and Effective Market Review’ Final Report was released, the consequences of which will lead to a toughened rules and regulation environment for FX market participants. Most of the final report’s recommendations will look to be implemented by April 2016.

Meanwhile, the fines to hit the FX bank sector within South Africa for rand manipulation are set to be the largest in the country’s history. What do regulators and market participants have to do to create the so called “fair and effective” market?

Also last week, LeapRate Managing Editor Andrew Saks-McCleod spent the week in NYC among North American and global FX industry leaders. All of his diverse reports from the 3rd annual FXIC New York City event you can read below:


Russia sets no limits on compensations to clients of bankrupt FX brokers |
Big fines on the way in South Africa’s Forex probe? |
CySec looking to strengthen visits to brokerages in Cyprus |
US retail Forex assets slide 2.9%  |
BOE ‘Fair and Effective Markets Review’ releases final report |
IG Group targeting Plus500 employees, looking to open Israel office |
Citi’s bill for FX manipulation outweighs its revenues from illicit activity |
The future of blockchain is not Bitcoin! – Live report from New York City |

Weekly Forex Industry Rundown for June 8th – June 14th




Warnings/Fines/Fraud Watch



Executive Moves



Shift Forex’s FXIC NYC review, stricter rules to hit the FX industry – Forex Weekly Look Back


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