Thomson Reuters, FX Spotstream and FXCM
have all reported a month-on-month decline in FX average daily volume (ADV),
however the latter two are up on a year-on-year basis.
Thomson Reuters says spot volumes across
its platforms was $97 billion per day, 8.5% ...
Even as FXCM continues to extricate it from
a punitive loan that saved the firm, its travails are increasing with news the
US Commodity Futures Trading Commission (CFTC) has charged the firm over events
surrounding its near collapse in the ...
issued a statement expressing severe disappointment at the charges leveled against the firm by the Commodity Futures Trading
Commission (CFTC), stating that they are “unprecedented and unwarranted”.
claims relate to when the Swiss National Bank (SNB) ...
This should be the
time to tiptoe (very gently) back into the murky twilight that exists between
the legal/regulatory profession and markets, but as this column rarely believes
in doing anything gently, we’ll just pile right in. Are ...
A US court has granted a motion to
dismiss the legal complaints aimed at FXCM, and certain members of its senior
staff, in which the plaintiff alleged that they were mislead about the risks
associated with the firms’ agency business ...
FXCM has agreed to sell DailyFX, its news and research website to IG Group for $40 million.
Subject to IG final approval and customary closing conditions, the transaction is expected to close by the end of October.
Upon completion, IG will receive the entire DailyFX business including all international and domestic web domains, source code and content.
The 34 employees currently working on DailyFX domains will also transfer to IG in the transaction. FXCM will continue to be an advertiser to US and Canadian residents on the DailyFX English version of the website.