Forex News | Finance Magnates

Basically NFA here extends its grip on more retail forex market participants than now. The Commodity Futures Trading Commission (CFTC) recently approved a number of amendments to NFA Requirements that govern the retail forex activities of NFA Members. These amendments to NFA Bylaws 301 and 306, NFA Compliance Rules 2-10, 2-36 and 2-39, Code of Arbitration Section 1 and Interpretive Notices 9053, 9058 and 9060 will become effective October 1, 2011.

Wednesday, 17/08/2011 | 10:59 GMT by Michael Greenberg

Analysis

Cantors sets eyes on Hedge Fund Industry

Wednesday, 17/08/2011 | 09:15 GMT by Adil Siddiqui

Thought Leaders

Celer’s cBridge on Track to Hit the $1 Billion Milestone in Total Volume

Celer Network has introduced a scalable and interoperable crypto ecosystem.

Friday, 19/11/2021 | 13:55 GMT by Finance Magnates Staff

Analysis

LMAX takes big hit - £13.2 million loss

Monday, 15/08/2011 | 18:25 GMT by Adil Siddiqui

Analysis

Interbank FX becomes first U.S. broker to offer social network to clients

I just received this press release from Interbank FX announcing the launch of IBFXConnect, their social trading network. I see forex social networks as the next battle ground for forex brokers to win over traders from other brokers. Congratulations to Interbank FX for recognizing this trend ahead of most other U.S. firms. I believe that we will see a shift in client profitability numbers to the upside as more and more traders start using the Copy Trade functionality (where new traders can copy the strategies of experienced traders).

Monday, 15/08/2011 | 06:10 GMT by FMAdmin Someone

Brokers

NFA fines FXCM $2 million for slippage malpractices, FXCM will credit clients back

Apparently Non Dealing Desk doesn't mean you get the best execution - NFA has just announced that it heavily fined FXCM for slippage malpractices. FXCM will pay $2 million directly to NFA and will compensate all customers who suffered from this practice since June 2008. The details of this case are not much different from the similar fine of $459k which NFA imposed on Gain Capital for using the Virtual Dealing plugin and similar slippage settings.

Saturday, 13/08/2011 | 17:14 GMT by Michael Greenberg

Analysis

Brazilian Government intervenes to protect Real from overvaluation

Friday, 12/08/2011 | 07:43 GMT by Adil Siddiqui

Regulation

US court sues Bank of New York FX - Misleading Pricing

Friday, 12/08/2011 | 06:50 GMT by Adil Siddiqui

Regulation

CFTC Charges Blue Sky Capital Management and Gregory Schneider with Making False Statements to the NFA

Friday, 12/08/2011 | 05:54 GMT by Michael Greenberg

Thought Leaders

FP Markets Recognized as Best FX Broker: Australia

FP Markets has a long history of being at the forefront of Australian brokers.

Friday, 19/11/2021 | 10:28 GMT by Finance Magnates Staff

Brokers

FXCM Inc. Announces Second Quarter 2011 Results and July Operating Metrics - Revenues up, Volume down

Thursday, 11/08/2011 | 10:50 GMT by Michael Greenberg

Brokers

CFTC releases Q2 2011 financial data - overall retail forex deposits are $9 million lower

CFTC requires all its members to submit their own capital reports and for members (RFEDs and FCMs) the amount of retail forex obligations. For some reason this report wasn't made public since April and now CFTC made available the monthly reports for May, June and July. This allows us to track the amount of retail forex obligations for all US retail forex brokers.

Thursday, 11/08/2011 | 07:29 GMT by Michael Greenberg

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