The Financial Ombudsman said IG Group complied with the terms of the Client Agreement and duties of best execution. However, the FOS found a more beneficial fill contract level.
Read MoreDanish FSA review of Saxo Bank’s handling of CHF incident: Only two specific criticisms
The Danish FSA concludes that the method applied by Saxo Bank contributes to an equal treatment of clients in accordance with its internal procedures and the regulation on investor protection, with the exception of two reprimands which Saxo Bank acknowledges
Read MoreSwiss National Bank action on January 15 cost it CHF 41 billion
The SNB’s just-released Q1 report shows an overall loss of CHF 30 billion ($31 billion), almost all due to foreign currency action.
Read MoreCHF spike led to sixfold jump in trading volumes on SIX Swiss Exchange
The volume of trading on the marketplace on January 15, 2015, surged to record CHF 27.7 billion.
Read MoreFXCM Inc details institutional FX market dysfunction on January 15 around SNB action
FXCM has made a commercial statement, affirming that on January 15, 2015, the Swiss National Bank (SNB) caused a flash crash that lead to historic dysfunction never seen before in the FX markets when it announced that it was completely removing the 1.20 floor
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