fxcm
London's City Keeps Attracting Forex and CFD Brokers to the UK
- The global nature of trading OTC products, along with sound regulation and an esteemed reputation, makes London a natural hub for the industry, as overseas participants continue to eye the City's many perks.
Saturday, 21/02/2015 | 15:30 GMT by
Adil Siddiqui
CFTC Data Shows FXCM Inc. Retail Forex Funds Shed 12% in December
- The Futures Commission Merchant of KCG Holdings, KCG Americas LLC, has been removed from the list due to its sale to Wedbush Securities. Institutional Liquidity LLC has been officially delisted as an FCM.
Wednesday, 18/02/2015 | 18:23 GMT by
Victor Golovtchenko
Boston Prime Exposed as Alpari UK Clients Still in the Dark
- Last week saw a bevy of allegations levelled at FXDD, KPMG keeping tight-lipped on Alpari UK's customer accounts, FXCM taking some safety measures FxPro's CEO sharing his vision for the future of the industry.
Sunday, 15/02/2015 | 11:01 GMT by
Kenny Mariasin
US Regulators Look at Tightening Leverage Ratios for Overseas Customers
- CFTC Chairman Timothy Massad on Wednesday told lawmakers at a House hearing that the regulatory commission is considering how much firms can expose themselves to highly-leveraged trades made by clients outside the US.
Thursday, 12/02/2015 | 08:47 GMT by
Kenny Mariasin
FXCM’s Retail Business Reports January Metrics in the Green - up MoM & YoY
- Listed broker-dealer FXCM benefited from volatility in global financial markets in the month of January. The firm saw retail trading volumes rise. However, institutional volumes were lower than figures reported in December.
Wednesday, 11/02/2015 | 21:35 GMT by
Adil Siddiqui
FXCM Adds More Real-Time Volume Indicators, Upgrades Its Trading Station Platform
- The brokerage has announced a set of real-time volume indicators alongside a variety of performance enhancements to its own desktop, web and mobile platform, to deliver some new analytics capabilities to clients.
Monday, 09/02/2015 | 16:35 GMT by
Victor Golovtchenko
Will FastMatch Volumes Decline Since Black Thursday's Effect on FXCM?
- With FXCM stating that it will look to sell non-core assets, it shines light on what their stake in FastMatch is worth and how the post-Black Thursday decline in volumes affects the valuation of the FX platform.
Thursday, 05/02/2015 | 14:31 GMT by
Ron Finberg
FXCM’s Major Shareholder William Blair & Co. Ups the Ante - Increases Stake to 11.69%
- Leading hedge fund William Blair & Co. sends out a strong message in support of broker-dealer FXCM as it increases its majority holding as an institutional investors in the firm, its investment tops 5.5 million shares.
Thursday, 05/02/2015 | 01:05 GMT by
Adil Siddiqui
Exclusive: FXCM Inc. CEO Drew Niv Discusses Firm's Future after the CHF Crisis
- Mr. Niv sheds light on Black Thursday's unfolding at FXCM: how did the systems react, what caused the $225 million loss and how many clients held long Swiss franc positions for a total market exposure of over $1 billion?
Wednesday, 04/02/2015 | 11:41 GMT by
Victor Golovtchenko
Falling FXCM Share Prices Trigger Margin Call for Company Co-Founder
- FXCM's Managing Director and Global Head of Dealing Eduard Yusupov sold just over a million shares last week, after shares he had pledged as margin at a separate broker were foreclosed.
Monday, 02/02/2015 | 13:00 GMT by
Ron Finberg
CHF Crisis Is Unfolding with New Developments at FXCM, Alpari and BT Prime
- Forex Magnates spotlights the industry’s top news from the past week. From the $10M loss at Boston Technologies to Alpari UK going after clients with negative balances, the aftermath of Black Thursday is here.
Sunday, 01/02/2015 | 12:24 GMT by
Avi Mizrahi
Breaking: FXCM Inc Takes a 'Poison Pill' to Prevent Hostile Takeover Attempts
- The issuance goes effective on February 9, 2015 to stockholders who purchase one one-thousandth of a share of preferred stock from the company, with par value of $0.01 per share at a price of $11.20.
Friday, 30/01/2015 | 12:09 GMT by
Victor Golovtchenko
Breaking: FXCM Inc to Forgive 90% of Negative Client Balances
- FXCM has waived the negative balances of 90% of its clients, but its going after 10% of them, representing "institutional, high net worth, and experienced traders" seeking 60% of the total negative equity the firm lost.
Wednesday, 28/01/2015 | 14:05 GMT by
Victor Golovtchenko
FXCM Inc Unveils Revised Terms of Leucadia Agreement, Client Funds Down 25%
- Details about the company’s dealings, reveal $332 mln fewer client funds in custody and an increased interest rate cap on the Leucadia rescue loan now at 20.5%, while FXCM can prepay its loan without penalty.
Tuesday, 27/01/2015 | 14:14 GMT by
Victor Golovtchenko
Critical Lists Detail the CHF Effects as the Alpari UK Insolvency Saga Unfolds
- Forex Magnates spotlights the past week's top news from around the world at one of the most challenging times for the industry. From compulsory leverage changes to the latest acquisition offers for struggling firms.
Sunday, 25/01/2015 | 11:01 GMT by
Avi Mizrahi
FXCM Confirms Plans to Sell Non-Core Assets Plus Record FX Volumes Amid Volatility
- Trading activity was in the green at listed broker FXCM as volatility supports trading volumes. The broker also confirmed that it plans to release certain non-core business units in order to cover its rescue loan.
Saturday, 24/01/2015 | 00:04 GMT by
Adil Siddiqui
FXCM Board Draws Additional Investigation from Kirby McInerney Law Firm
- In what constitutes standard industry practice, a number of law firms are filing shareholder lawsuits against companies whose value drops massively in a short amount of time, as happened with FXCM.
Friday, 23/01/2015 | 14:51 GMT by
Jeff Patterson
Exclusive: Q4 2014 US Forex Profitability Report, Accounts Fall and So Do Profits
- US active retail accounts fell below 90,000 for the first time since Forex Magnates began to track these statistics in 2011 as part of our US Forex Profitability Account, while trader profitability declined.
Thursday, 22/01/2015 | 11:57 GMT by
Ron Finberg
IronFX and Pepperstone Enter Race to Take Over Alpari UK's Business
- All these reports might be true but they are also a great way for international brokers to get media exposure in the UK as the demise of the local Alpari branch, a sponsor of West Ham, is making headlines in the press.
Thursday, 22/01/2015 | 10:08 GMT by
Avi Mizrahi
How Is the Forex Leverage Landscape Changing? Full List of Brokers Forced to Hike Margin
- Forex Magnates brings you the complete look at the harshening margin requirements after the industry was shocked by the CHF black swan and regulators started to tighten the screws on maximum leverage.
Thursday, 22/01/2015 | 08:18 GMT by
Avi Mizrahi
US Attorneys Plan Investigations into FXCM & Possible Breaches of Equities Rules
- Two US law firm have issued press releases informing the public that they are investigating possible violation of securities rules that occurred when FXCM's share price plummeted 90% in the midst of the CHF problems.
Wednesday, 21/01/2015 | 21:48 GMT by
Adil Siddiqui
Exclusive: FXCM Inc to Increase Margin Requirements in Two Steps to 2%
- Exclusive information obtained by Forex Magnates' reporters confirms that the brokerage is about to increase margin requirements on open positions just before a series of potentially volatile market events.
Wednesday, 21/01/2015 | 18:30 GMT by
Victor Golovtchenko
FXCM Inc. Shares Trading Higher by Almost 50% as Negative Account Balances Pending
- Following its worst trading day in history, when the company lost close to 90% of its value at one point, shares of the US listed brokerage FXCM Inc. are trading almost 50% higher on the New York Stock Exchange.
Wednesday, 21/01/2015 | 17:40 GMT by
Victor Golovtchenko
Citi Analyst: FXCM Financing Terms Reveal a Lifeline for April Sale as Stock Plummets
- At $1.62, shares of FXCM are down nearly 90% after they re-opened today following Friday’s trading halt. So far, traders are giving the thumbs down to the broker's $279 million financing terms.
Tuesday, 20/01/2015 | 20:20 GMT by
Ron Finberg
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