Following our report yesterday that FXCM Inc (NYSE:FXCM) had closed the sale of its regulated UK CFD arm FXCM Securities to Latvia's AS Expobank - which had been exclusively reported on LeapRate back in July - LeapRate has learned that Expobank has plans for its new FCA regulated arm, including a name change to Walbrook Capital Markets.…
Read moreUS Forex broker FXCM Inc (NYSE:FXCM) today announced the completion of the sale of FXCM Securities Limited to AS Expobank. The report comes several months after LeapRate exclusively reported of FXCM's plans to sell this business to Expobank. FXCM Securities was FXCM's brokerage specializing in exchange traded equities, futures, and options, which was acquired in 2010,…
Read moreFXCM just can't seem to buy a break. Despite posting some fairly decent financial and operating results lately, shares of retail forex broker FXCM continue to weaken. On an otherwise positive day for the stock market, and with no 'new news' out there, FXCM saw its shares drop 13% on Tuesday to hit its lowest…
Read moreThe Sanctions Commission of AMF – France's financial markets regulator, today published its decision on sanctions against FXCM Ltd, a subsidiary of US retail Forex giant FXCM Inc (NYSE:FXCM). The company is being sanctioned over violations of French regulations dating back to 2013, when the AMF decided to check whether the broker was meeting its…
Read moreLeapRate Exclusive... Continuing our exclusive coverage of a series of (seemingly unconnected) outages and hacks hitting the Forex trading world of late, LeapRate has learned that leading Australian retail forex broker AxiTrader experienced an outage lasting several hours on Tuesday October 27. AxiTrader clients were apparently unable to log into their accounts during the latter…
Read moreRetail forex broker FXCM Inc (NYSE:FXCM) has announced an upgraded version of its Index CFD market making technology. FXCM has implemented a new high frequency market making technology on its backend system for indices. As a result, FXCM will be able to manage index order flow and positions, prices and risk with greater accuracy and more…
Read moreRetail Forex giant FXCM Inc (NYSE:FXCM) has encountered some problems in France, which boasts having one of the strictest Forex regulators – the AMF. According to a L'AGEFI report, the Forex firm is facing hefty financial sanctions in France for not checking the regulatory status of its partners in the country. The report says that…
Read moreFXCM retail volumes remain very strong, despite the jettisoning on most of its institutional business.
Read moreFXCM also discloses that it still owes Leucadia $203 million, even after $148 million was repaid so far.
Read moreOnline trading and banking giant Scottrade has admitted that hackers successfully accessed their systems, gaining access to certain information on up to 4.6 million clients. The information accessed apparently includes just client names and street addresses. More sensitive data such as Social Security numbers and email addresses were not compromised. Scottrade is one of the US's largest…
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