Dror Niv abandons Director role at the company that has significant control over Lucid Markets Trading Limited.
The final role to be relinquished by William Ahdout is that of a partner at Lucid Markets LLP.
Although the US regulators did not punish all of FXCM’s principals, the ban on the broker has affected at least a dozen of individuals, including Robert Lande and Eduard Yusupov.
Effective March 10, 2017, Forex Capital Markets LLC is no longer a member of the NFA.
The NFA database shows that Drew Niv and William Ahdout have No Current Status, effective today.
FXCM Inc is changing its name and unveils board reshuffle, but will this be enough to rewrite history and turn the tables?
The NFA decision that bars FXCM Inc, as well as Drew Niv, Ornit Niv and William Ahdout from membership, becomes effective today.
Industry executive with 59 years of institutional experience appalled by FXCM situation details all to FinanceFeeds
“I was told many moons ago that Mr Niv had an ‘in house’ price provider, but I discounted the ‘rumor’ telling those who told me, that no person could be that stupid to believe they could do such a thing without being caught out.”
FastMatch: Leucadia’s sensible, profitable and institutional savior. The rest of FXCM is fire-sale material Op Ed
If it is to save itself from shareholder litigation and massive corporate embarrassment, Leucadia could pick up FXCM’s 32% share in FastMatch for pretty much nothing. Bearing in mind ICE tried to buy FastMatch just over a year ago for $200-$250 million, this would put Leucadia in a good position and remove any whiff of association with FXCM from the ECN’s copybook. A detailed analysis by FinanceFeeds
GAIN Capital confirms that it has entered into a definitive agreement to take over the client base of FXCM in the US.
Brian Friedman, President, and Jimmy Hallac, Managing Director, of Leucadia, join FastMatch’s board of directors
We analyze the entire situation that FXCM and its directors and shareholders now find themselves in, and why it looks like there is no way back from the brink as one of America’s largest and most highly respected electronic trading firms goes down the pan
FXCM and CEO Drew Niv banned from US: Full details of FXCM’s several years of trading against customers
FXCM always told customers that they traded on FXCM’s no dealing desk platform, however the firm had an undisclosed interest in market maker that consistently ‘won’ FXCM trading volume and was therefore taking the opposite positions FXCM’s retail customers