FXCM Inc is changing its name and unveils board reshuffle, but will this be enough to rewrite history and turn the tables?
Whereas FX broker Rakuten Securities HK had to explain the effects of developments around FXCM US on the trades via Trading Station platform, it is now planning to enhance the Rakuten FX platform.
The new account is in tune with the company’s efforts to comply with new rules included in the Sapin 2 law.
The NFA decision that bars FXCM Inc, as well as Drew Niv, Ornit Niv and William Ahdout from membership, becomes effective today.
The consultation is open until April 3, 2017.
The new rules come into effect on February 27, 2017.
The entity which was identified for sale by FXCM, had a turnover of $37.16m in FY 2015, had transactions and balances with FXCM Inc and V3 Markets, amid others.
FinanceFeeds takes a look back at the top five stories from the past week, offering you a chance to catch up in case you missed anything.
The requirements must apply to websites targeting Russian investors.
The collective mind consisted of 863 individuals whose forecasts were used by a robot to model trades.
The final distribution to clients from the CMP is expected before July 24, 2017.
MEPs call for rules concerning the fast-developing robotics industry.
The Register update confirms that the former CEO of FXCM US has left FXCM UK and Lucid.
The Belgian regulator urges investors to contact the now-defunct company.
“Those 600 traders, there is a lot of space where they used to sit,” says Marty Chavez, Goldman Sachs’ deputy CFO.
The founders of Start-Invest deny their guilt and insist that investors’ money was actually traded in the FX market.
The regulator says it will monitor how these products are sold and will consider future action.
GAIN Capital’s Forex.com instructs former clients and IBs of FXCM US on the pending transfer.
FXCM UK and Saxo Capital Markets UK are no longer on the directors’ list as companies.