FXCM Hits Back at CFTC Charges

FXCM has 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”.  The CFTC claims relate to when the Swiss National Bank (SNB) surprised financial markets by announcing in the middle of a trading day that it was discontinuing the […]
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The Lunatics are Running the Asylum

It has been regularly ventured in institutional FX circles that any retail trader looking to make money in FX is crazy – there is an information disadvantage that is not compensated for by the advanced technology available to these traders. Data has shown in the past that less than 30% of retail FX traders make […]
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Phillip Capital Forced to Shelve Retail FX Plans

Phillip Capital Inc (PCI) has been forced to shelve its nascent retail FX business after the Securities and Exchange Commission (SEC) prohibited any SEC registered broker-dealer from offering retail FX services to customers, effective July 31. Subsequently the firm, which is a Chicago-based subsidiary of the PhillipCapital Group, has ceased offering retail FX trading to […]
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Long and Wrong in the Bill and Ben

Retail punters, especially Japanese, are frequently contrarian traders in USD/JPY (aka Bill & Ben). So it is perhaps not too surprising that clients of UK spread better and CFD provider IG appear to be taking positions against the prevailing market trend in USD/JPY. According to the company, 77% of the more than 500 clients with a […]
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FXCM Claims Superior Retail FX Pricing

FXCM has released a study it conducted that claims that clients on its retail platforms are able to achieve better FX pricing than on either the futures or interbank markets. Using the CME, EBS BrokerTec and Thomson Reuters FX platforms as a benchmark, FXCM claims that pricing on its platform was equal or better than […]
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FXCM Partners with Trading Software Provider

Online FX broker FXCM says it is partnering with PF Soft, a developer of multi-user professional trading software, to provide trade execution and market data to the latter’s Protrader multi-asset solution through Fix API.  PFsoft has integrated FXCM’s Fix API, which offers both FX and CFD execution. As a result, every broker who uses the Protrader system will […]
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FXCM in German Link-Up

Online FX broker FXCM announces its new partnership with German broker FXFlat. The partnership gives FXFlat’s customers access to FXCM’s Trading Station and MetaTrader 4 platform, as well as the No Dealing Desk Forex and Enhanced CFD execution models. “FXCM is pleased to partner with FXFlat, a dominant player in Germany,” says Brandon Mulvihill, managing […]
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Phillip Capital Gets FINRA Membership

Phillip Capital Inc, a member of Singapore-based PhillipCapital Group, is now a member of Financial Industry Regulatory Authority (FINRA). As a result, the firm expands its product range from futures and FX to include self-clearing corporate equity and debt securities. The firm, which is in the process of completing final rounds of systems testing prior […]
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Saxo Bank’s 10 for 2016 – Drawing Attention to the Unfathomable

Saxo Bank has released its annual set of ‘Outrageous Predictions’ for the year ahead – 10 unlikely, yet perhaps underappreciated, events that could have significant consequences on the financial landscape as we head into 2016. The firm says the predictions are meant to spark debate by shedding light on possible but unlikely black swan events […]
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Oanda to Offer Algo Platform

Retail FX-broker Oanda says that it will offer clients an institutional algorithmic testing and execution platform through its partnership with Seer Trading Systems. Seer Trading offers algorithmic trading features that it claims are not currently available across retail focused platforms, including the ability to back-test multi-instrument strategies, back-test across multi-strategy algorithms, access to statistical computing, […]
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