The retail forex trading industry has come a long way over the past two decades. One of the pioneering firms that has observed the evolution first hand, participated in it, and influenced it was Forex Capital Markets, known more familiarly as FXCM. The brokerage has endured both good and bad times, had to exit the…
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Retail forex broker FXCM Group, LLC has today released execution data for December 2018. The company has recently added three new CFD products, including Commodity CFDs and the Index CFD US2000 and has finished 2018 with steady volumes MoM. The company has also teamed up with DGCX Exchange and APEX Exchange in December. December 2018 All Instruments Highlights:…
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LeapRate Exclusive Interview... We often begin interviews with leading FX industry figures with a lengthy "setting the stage" intro. But not here. Following this weekend's news of the Chapter 11 reorganization filing by Global Brokerage Inc (NASDAQ:GLBR), we're just as curious as our readers to hear directly the people leading FXCM Group, in which GLBR owns…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that the FCA regulated UK arm of retail forex broker FXCM, Forex Capital Markets Limited, does not expect regulatory action to be taken against the company, similar to what happened in the US. In the US, of course, FXCM and its then-CEO Drew Niv were fined $7…
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FXCM Group LLC, the operating company now running the FXCM retail forex brand, has announced that it has named Brendan Callan as its CEO. Mr. Callan was named interim CEO of FXCM back in February, following the abrupt resignation of FXCM co-founder Drew Niv from the operations of FXCM globally, after Mr. Niv (and FXCM) were…
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Not too surprising. Distancing itself from its recent troubles including being banned from its home US forex market, retail forex broker FXCM Inc (NASDAQ:FXCM) has announced some major changes including: the resignation of co-founder Drew Niv (pictured above), who has been the CEO of FXCM and its public face since the company's inception in the…
Read moreFXCM senior executives David Sassoon, Nicola Santoro Jr, Brendan Callan and Robert Lande have acquired class A stock in the firm at zero cost
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