CFTC charges FXCM with undercapitalization related to the 2015 Swiss Franc spike

August 19, 2016 BY LeapRate Staff

CFTC charges FXCM with undercapitalization related to the 2015 Swiss Franc spike - but why now?

In a very bizarre filing, the U.S. Commodity Futures Trading Commission (CFTC) filed a civil enforcement action today against the Forex Capital Markets LLC unit of Retail Forex broker FXCM Inc (NYSE:FXCM), charging FXCM with undercapitalization, failure to timely report its undercapitalization violation, and guaranteeing against customer losses. What's bizarre about the CFTC filing? The filing…

June 24, 2016 BY LeapRate Staff

FXCM reports that systems and operations functioned without any material adversity during Brexit

Retail forex broker FXCM Inc (NYSE:FXCM) issued a note today that it was business as usual during the post Brexit vote market volatility today, although it plans to keep margin requirements high until markets settle down. Assuming that's it for FXCM, the company got through today's price shocks in the currency markets in a much more…

June 15, 2016 BY LeapRate Staff

FXCM is doing great... and is in big trouble

Retail forex broker FXCM Inc (NYSE:FXCM) continues to report some of the highest FX trading volumes in the industry month by month, with May 2016 coming in at $280 billion. After narrowly avoiding bankruptcy early last year in the immediate aftermath of the January 15, 2015 surprise Swiss Franc spike by securing (over the course of…

March 23, 2016 BY LeapRate Staff

FXCM CEO Drew Niv speaks on the company's results, loan from Leucadia, and what lies ahead - LeapRate Exclusive Interview

LeapRate Exclusive Interview.... It would be an understatement to say that the past 14 months have been topsy turvy for the people who run FXCM Inc (NYSE:FXCM), one of the world's leading retail forex brokers. After narrowly avoiding bankruptcy in the Swiss Franc spike of January 15, 2015 which left FXCM with more than $275 million…

December 14, 2015 BY LeapRate Staff

Tag: Drew Niv