LeapRate Exclusive: NFA slaps admin charges on FXDD prior to US exit LeapRate

September 05, 2014 BY Andrew Saks-McLeod

LeapRate Exclusive: NFA slaps admin charges on FXDD prior to US exit

LeapRate has learned that the National Futures Association (NFA) has this week brought a series of administrative charges against FXDD, which range from alleged inadequacies in investigating what the NFA regards as being suspicious activity in several customer accounts and violations relating to the requirement to implement an adequate anti money laundering (AML) plan, as…

August 08, 2014 BY Gerald Segal

FXCM acquisition of FXDD US clients - $4.4 million

LeapRate Exclusive... LeapRate has learned that the May acquisition by FXCM (NYSE:FXCM) of FXDD's US client assets was done for cash consideration of $4.4 million. It turns out that the assets acquired were a little less than previously advertised - FXCM ended up getting $23.4 million in client equity spread among 6,172 active accounts. FXCM's…

May 07, 2014 BY Gerald Segal

FXCM formal statement on acquisition of FXDD's US client base

FXCM has released a formal statement on its purchase of FXDD's US client base, which apparently included $27 million of client funds spread over 7,000 active trader accounts. The statement follows:

Tag: FXCM buys FXDD