Tag: capital requirements

capital requirements

CFTC Fines Oanda

The US Commodity Futures Trading Commission (CFTC) has issued an Order filing and settling charges against retail FX broker Oanda Corporation for violating certain capital, reporting, and supervision rules and invoked a fine of $500,000. The order finds that, in or around October 2018 and during the period April 2019 to August 2019, Oanda failed at […]

FSB Reports Further “Limited” Progress on Reform

The Financial Stability Board (FSB) has published its annual progress report on the implementation of the agreed G20 reforms to over-the-counter (OTC) derivatives markets. Overall it notes there has been “limited additional implementation of the reforms” since its last report this time last year but does note that 23 out of 24 member jurisdictions have comprehensive […]

And Another Thing…

As some one who has long argued we should not think in terms of ‘banks’ and ‘non-banks’ when it comes to liquidity providers in FX markets, it may come as a surprise to you that I think there is something fundamentally flawed in how we judge these two segments. There is not a level playing field in terms of compliance and capital requirements, and that was OK for a long while. Now though, the non-banks are hiring salespeople – and that gets my antenna twitching.

Is it Time to Re-Write How FX Infrastructure Works?

After a number of years having to take reactionary measures in response to new regulatory requirements, panellists at Profit & Loss’ Forex Network New York conference expressed enthusiasm for a new wave of innovation that has the potential to re-shape FX market infrastructure. “Perhaps for the first time in eight years, innovation is back on […]