Discount brokerage ignored regulator’s warning on client margin rates
Staff notice sets out investor protection concerns
Smaller contract size and proportionally reduced margins aimed to attract retail participation
Gmarkets Inc. and Velocity Trade released of Velocity Trade’s Accelerator Foreign Exchange Trading Platform through Gmarkets Pilot Financial GPS, the two companies announced Tuesday.Effective immediately, Gmarkets subscribers will have access to executable prices and liquidity provided by Velocity Trade.“Gmarkets was founded to enable transparency and liquidity in the capital markets by providing superior content required […]
The U.S. Commodity Futures Trading Commission today announced the formation of a special task force charged with investigating and litigating fraud in the off-exchange retail foreign currency market.The creation of the task force within the CFTC’s Division of Enforcement comes following Congress passing legislation that clarified and strengthened the CFTC’s jurisdiction over this market. The […]
Deal will expand FX services offered to the clients of Equity Transfer & Trust Co.
Banks, investment managers increasing presence in global FX markets
In a report published today by the Committee on Payment and Settlement Systems, central bankers highlight the need for further action to reduce foreign exchange settlement risk.The report presents the results of a major survey of how over 100 banks and other institutions active in the FX market manage the risks that can arise when […]
Bank of Canada release survey on foreign currency hedging
Gavsie to lead effort to build new European FX capabilities