But poor planning left GFT's clients unable to trade for several days. If this story sounds like a poorly scripted one to you, then you're probably right. Just three days after GFT dropped the surprise that it is abandoning the U.S. retail FX market -- thereby putting its clients in a position-closing-only basis -- now comes…
Read moreICAP's EBS taking drastic steps to bring back clients. ICAP's Forex ECN unit, EBS, may be losing market share to competitors such as Thomson Reuters and FXall (which recently passed EBS to take the #2 slot in the market), but EBS management is not taking it lying down. After last week announcing that it was…
Read moreHotspot FX would likely fetch $150-200 million. In comments made to reporters on the sidelines of a Security Traders Association conference on Friday, and reported by Reuters, Knight Capital CEO Tom Joyce said that the company is unlikely to shed any of its major business units -- which include Forex ECN Hotspot FX -- as Knight looks…
Read morePoland-based XTB looks to continue geographic expansion.
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