FXCM US ban fallout: Leucadia executives replace Drew Niv and William Ahdout on FastMatch board LeapRate

February 08, 2017 BY LeapRate Staff

FXCM US ban fallout: Leucadia executives replace Drew Niv and William Ahdout on FastMatch board

Continued fallout from the ban of FXCM Inc (NASDAQ:FXCM) and its co-founders Drew Niv and William Ahdout from the US forex sector... Institutional Forex ECN FastMatch, in which FXCM holds an equity stake, announced that Mr. Niv and Mr. Ahdout have left the FastMatch board of directors, effective immediately. They have been replaced by two…

February 08, 2017 BY LeapRate Staff

Gain Capital finalizes acquisition of FXCM's US clients

Retail forex broker Gain Capital Holdings Inc (NYSE:GCAP) has announced that it has reached a definitive agreement to acquire the US clients of rival FXCM Inc (NASDAQ:FXCM). Gain declined to say how much it was paying for the FXCM US client base. However we believe that very little cash changed hands (more on that below). Gain…

February 07, 2017 BY LeapRate Staff

FXCM lays off 150 employees and redoes Leucadia agreement in wake of US market exit

Continuing the amazing drama in the wake of the ban of retail forex broker FXCM Inc (NASDAQ:FXCM) and its CEO Drew Niv from the US FX market, and the subsequent sale of FXCM's US clients to rival Gain Capital Holdings Inc (NYSE:GCAP), LeapRate has learned that FXCM has made filings with US regulators that it plans to…

February 07, 2017 BY LeapRate Staff

FXCM sells its US clients to Gain Capital as it exits US Forex market

Following our earlier report that New York based retail forex broker FXCM Inc (NASDAQ:FXCM) had been banned from the US market (alongside bans for CEO Drew Niv and co-founder William Adhout) after FXCM settled allegations of defrauding customers regarding its market making activities, FXCM has put out a statement confirming the settlement with US regulators CFTC…

February 06, 2017 BY LeapRate Staff

FXCM and CEO Drew Niv kicked out of US Forex market, fined $7 million for defrauding customers

In a fairly harsh and historic move, the US Commodity Futures Trading Commission (CFTC) has banned FXCM Inc (NASDAQ:FXCM) from its home US market, as well as a permanent registration ban for CEO Drew Niv (pictured above). More details follow. We expect the company to put out a formal statement within about an hour, formally announcing…

February 01, 2017 BY LeapRate Staff

FastMatch January Forex volumes up 23% MoM to $17.0 billion ADV

Forex ECN FastMatch is reporting that volumes in its system increased by 23% MoM from December, to average $17.0 billion ADV for the month of January. January clearly started off on the right foot for FastMatch and other leading institutional FX platforms, as volatility in key currency pairs remained high throughout most of the month.…

January 20, 2017 BY LeapRate Staff

How Forex Brokers Went Bankrupt Overnight amid EURCHF Flash Crash - Infographic

The following guest post is courtesy of Usman Ahmed at Investoo Group, which provides expert products for the financial trading industry. Jan 15, 2015 was the day when a Tsunami hit the financial markets. It was the day when millions of dollars were wiped out from global financial markets and many big players of the…

January 12, 2017 BY Valentina Kirilova

FXCM December forex volumes down seasonally 33% MoM to $235 billion

Retail forex broker FXCM Inc. (NASDAQ:FXCM) just announced certain key customer trading metrics for December 2016 for its retail and institutional foreign exchange business. Overall, FXCM had its slowest volumes month since February 2015. But it is hard to make any kind of volume conclusions based on December, which is often seasonally slow due to…

OANDA teams up with Fields Institute to offer tighter spreads to traders

January 11, 2017 BY LeapRate Staff

Ed Eger out, Vatsa Narasimha in as CEO of retail forex broker Oanda

Retail Forex broker Oanda has announced a change in its top management suite. Oanda has appointed Vatsa Narasimha, CFO of the company for the past 3 years, as its new CEO. And out as CEO is Ed Eger, who had joined Oanda in 2013 from PayPal, where he was SVP and General Manager for the…

January 06, 2017 BY LeapRate Staff

Walbrook Capital (formerly FXCM Securities) adds Hubwise CEO Angus Macdonald to its board

LeapRate Exclusive... LeapRate has learned that FCA regulated multi-asset broker Walbrook Capital Markets has added Angus Macdonald (pictured above) to its board of directors. Angus Macdonald is currently CEO of Hubwise Securities Limited, a financial services technology and trading platform solutions provider. We understand that Mr. Macdonald's appointment was meant mainly to bring depth of knowledge…

Tag: FXCM Inc (NASDAQ:FXCM)