Tag Archives: trading
US retail forex capital held by FCMs, RFEDs and FCMRFDs – per CFTC’s definitions – grew by most $3 million in November. These deposits describe the amount of retail forex funds held by American brokers – this may include funds not only from American clients.
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Instatrade Corporation, aka Insta Forex, and Ztradefx LLC were two of the 14 firms sued by the CFTC early last year. Ever since most firms didn’t bother to settle with the CFTC but some did. Last week we saw that FXOpen settled the case with the CFTC paying $140,000 fine.
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After months of controversy surrounding issues over foreign exchange transactions, BNY Mellon, the world’s largest custody bank, is continuing to work toward a settlement as part of a lawsuit filed by federal prosecutors.
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FXCM moved fast to establish a Canadian offering to be able to attract former MF Global’s Canadian clients. FXCM which offered its Trading Station II platform through MF Global Canada now partnered with Friedberg Direct forming the FXCM Canada joint …
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We reported about this trend almost two years ago here as we’ve noticed an influx of sites with various spread comparison engines. One of the first to enter the market was FX Intelligence which managed to place itself on several broker websites like MB Trading’s and others. The conclusion two years ago was this:
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This is the official announcement by BT regarding what was announced here last week: Boston Technologies prime brokerage arm BT Prime received an FSA license. BT is also renaming BT Prime to Boston Prime – definitely a more attractive name. The new license will allow BT to start accepting more established clients who’ll want to tap into its liquidity and thus increase its volume.
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CME is still very much focused on taking over the retail forex market (with the generous help of the CFTC) in the US and adding Traiana’s in due time may appeal to large forex trading clients and retail brokers like FXCM.
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This adds to Alpari’s ongoing sponsorship of the New York Knicks, New York Rangers and the Madison Square Garden. It seems Alpari are step by step increasing their presence and advertising in United States. It also seems that some brokers have a preference for certain types of sports and they invest most of their marketing budget in the same vertical
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Trust CFTC (and NFA) to kill any interesting initiative in the financial markets. Because if anything these political binaries are responsible for all the global financial problems, flash crash and greedy banks taking tax payers’ money to pay fat bonuses…
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This was one of the biggest news last year – CFTC sued 14 forex firms (and then 11 more) for various infringements of its laws including accepting US clients. Some firms (offshore ones) decided to ignore this all together and keep accepting American clients, some stopped accepting them but didn’t settle and some managed to settle the case.
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