Tag: FXCM

FXCM

US Court Dismisses Fraud Claims Against FXCM

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 model. The complaint, directed at FXCM, its CEO, Drew Niv and its CFO, Robert Lande, […]

And Finally…

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 we at the point where the worm (in the form of the banks and other service providers) […]

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 […]

CFTC Piles in on FXCM over January 15

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 immediate aftermath of the Swiss National Bank removing its EUR/CHF peg on January 15, 2015. […]

More Platforms Report July Volume Decline

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% lower from June and 4% down from July 2015. Other volume was $262 […]