Users of C-NEX platform told to settle trades by October 18th

Maria Nikolova

YJFX’s “C-NEX” service will be discontinued at New York close on November 8, 2019.

In line with previous announcements about the pending termination of the offering of “C-NEX”, powered by Currenex, an update for the platform users was published earlier today.

As previously reported, the offering of the “C-NEX” service by Japanese retail FX broker YJFX will be discontinued at New York close on November 8, 2019. Today, “C-NEX” informed its users of the deadlines regarding settling their trades.

Traders are advised to settle their trades by Friday, October 18, 2019. After that, the company will have to “force settle” any open positions. The requirement applies to all orders, such as limit, stop loss order, IFD order, OCO order, etc.

There was no detailed explanation about the reasons for the termination of the service. The brokerage, however, provided elaborate guidance to users of the service on how it will proceed with the termination and what the traders need to do to get back their funds.

The brokerage also noted that it had made the decision after gauging a variety of factors. It said that it was difficult to continue to provide “C-NEX” but added that it would use the accumulated know-how to further improve the quality of the services offered.

Read this next

blockdag

Top 5 ICOs that are Likely to Explode in the Current Bull Run 2024

Explore top upcoming ICOs: BlockDAG, GBTC, TUK, SCOTTY, and SPONGE. Learn about their potential high returns and unique features.

blockdag

BlockDAG’s Revolutionary Dev Release 36: Off-Chain PoW and a $30 Projection by 2030

Explore BlockDAG’s latest off-chain PoW innovation and its $32M presale success. Projected to reach $30 by 2030.

blockdag

30,000x ROI Potential: BlockDAG Secures $33.5M in Presale, Outruns Retik Finance’s Bitmart Performance

Uncover how BlockDAG’s impressive $33.5M presale and its innovative platform draw investors away from Retik Finance following the Bitmart listing.

blockdag

IT Professional Switches to Lucrative Crypto Mining Entrepreneur with BlockDAG’s Advanced Mining Technology

Learn how an IT pro turned Litecoin mining into a fortune. See if BlockDAG can match this with advanced mining tech and 30,000X ROI potential.

blockdag

May 2024 Crypto Spotlight: Why Whales Are Choosing BlockDAG Over Retik Finance, Will CoinW & P2B Listing Save $RETIK?

Uncover why BlockDAG is winning over smart investors in May 2024, and surpassing Retik Finance’s performance on exchanges like CoinW and P2B.

blockdag

Ethereum Leads Altcoins Toward a Huge Rally: Expert Top Picks for Altseson Unveiled

A fresh surge in alternative cryptocurrencies is building momentum as Ethereum leads the charge.

Chainwire

BEVM Unveils Groundbreaking Taproot Consensus for Decentralized Bitcoin Layer 2 Solution

On May 20, 2024, the Bitcoin Layer2 development team BEVM released the technical yellow paper titled “Taproot Consensus: A Decentralized BTC Layer2 Solution.”

blockdag

AI Cryptos to Pump Hard After NVIDIA’s Q1 Earnings 📊

The recent earnings from a tech giant have hinted at a significant upswing for AI-focused cryptocurrencies.

Retail FX

Weekly Roundup: Republican to end Fed, Bankman-Fried moves to California

Let’s take a look back at top stories that dominated the financial markets in our Weekly Round coverage. This week’s digest takes a deep dive into the most recent events and trends within the Forex, Fintech, and cryptocurrency.

<