News/Retail
FXCM hit by two class action complaints
At least 14 law firms start investigating FXCM; CFTC order provides backbone for lawsuits
Law firm starts recruiting clients for case against FXCM
Securities law firm calls for shareholders and those with information to get in touch
FXCM’s US story ends: no-dealing desk claims false
FXCM, Niv and Ahdout banned from CFTC registration, and also by the NFA, effectively closing the broker in the US
UK watchdog proposes tougher rules on CFDs
Leverage limit of 25 times for inexperienced retail clients and a cap of 50 times for all clients are among the suggestions
Retail brokers tighten margins ahead of US election
FXCM, IG Group and Saxo Bank take steps to reduce risk for their clients, while others stand ready to act
Saxo ups margin requirements ahead of US election
Margin requirements for most major FX pairs will go up to 2–3%, with RUB and MXN rising to 10% and 15%, respectively
Oanda rolls out its fastest trading engine
The improved v20 packs an execution speed of 1.3 milliseconds
Interactive Brokers to leave US retail FX
Move will see the number of firms in the space dwindle to four
FXTM expands to South Africa after regulatory approval
Cyprus-based retail broker sees potential for new customers
Retail brokers tighten margins ahead of EU referendum
Saxo, FXCM and IG Group have already taken the first steps to reduce risks for their clients, while others stand ready to act
Record submissions for this year's awards
Shortlist of the 13th FX Week e-FX awards announced
Monex closes Tradable platform
The retail-trading platform will be discontinued in July, only two years after launch
Saxo boosts China presence with partnership
Danish bank signs tri-party agreement with Wallstreet CN and LeanWork
Retail FX hots up in Australia as traders' risk appetite grows
Volatility in 2015 boosts retail activity, but traders prove fickle with platforms
FXCM set for name change after new deal with Leucadia
Retail broker extends credit agreement with bail-out investor
FXCM to stop offering Hong Kong dollar on February 26
Mindful of last year's SNB shock, the US broker decides to stop quoting HKD amid fears over peg
FXCM study underlines segregated pricing advantages
Retail clients gain better or equal prices than on interbank and futures platforms more than 90% of the time
Saxo Bank opens Shanghai office
The multi-asset broker sets up shop in China's premier financial centre to take advantage of the increasing demand for services
PBoC sets daily renminbi fix at four-year low
The Central bank's move comes two days after China's premier said the currency was at an ‘equilibrium'; one analyst expects ‘more depreciation down the road'
Retail brokers take action amid concerns over Greece
Greek failure to make IMF payment sparks retail reaction on margin requirements
Z.com Trade launches UK consumer drive
Japanese trading giant seeks to expand its retail client base
FXCM sells $36 million stake in business
The US firm sells its third non-core asset as it looks to pay back its $300 million loan by the end of the year
Saxo Bank live streams trade ideas
The Danish bank wants to break down the barriers between institutional and retail clients
US regulator renews call for exchange trading
Exchange trading for retail FX would be positive, the NFA's Roth tells FX Focus