Tag: US Forex

February 12, 2015 BY Maria Nikolova

ILQ officially exits US Forex market, all NFA licenses withdrawn

Institutional Liquidity LLC (ILQ) has officially exited the US market, data from the website of the National Futures Association (NFA) have shown. As of January 21, 2015, the company has had all of its licenses with the US regulators withdrawn, including: • RETAIL FOREIGN EXCHANGE DEALER • NFA MEMBER • FOREX FIRM • FOREX DEALER…

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January 16, 2015 BY Maria Nikolova

Leucadia extends $300m in financing to FXCM

Leucadia National Corp. (NYSE:LUK), the New York-based financial conglomerate, will provide $300m in financing to FXCM Inc (NYSE:FXCM), the retail FX giant, allowing it to stay afloat and keep operations. The investment is done in the form of a $300 million senior secured term loan with a two-year maturity and an initial coupon of 10%.…

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January 16, 2015 BY Maria Nikolova

MB Trading reports minimal impact from CHF volatility

MB Trading, the financial brand uniting Manhattan Beach Trading Financial Services, Inc. and MB Trading FX, announced today it had felt a minimal impact from the Swiss National Bank (SNB) surprise action on Thursday morning. There are no consequences for the group's capital and its ability to meet regulatory capital requirements, the US online trading…

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January 16, 2015 BY Maria Nikolova

Jefferies Group may provide $200m assistance to FXCM

According to a report by Bloomberg, quoting people with knowledge of the matter, Jefferies Group has entered discussions with FXCM Inc. (NYSE:FXCM) to provide the retail FX broker with $200 million in cash assistance. As LeapRate reported earlier, the US retail FX giant has suffered a $225 million hit due to the adverse trading of…

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