News/Retail
Saxo's Fournais sees major paradigm shift
Retail landscape rapidly changing – Saxo co-founder
FXCM to sell Japanese business for $62m
Broker progresses with paying down $300 million loan
FX will be half of our revenue in two years, says LCG's Sabet
Broker aims to boost FX share via global expansion and focus on core retail
IG under fire from clients with huge negative balances
Customers log complaint with FCA
FXCM discloses data for global market failure event
Retail broker blasts SNB and liquidity providers
FXCM issues not a US problem, says Massad
US regulator points finger of blame at affiliates outside US jurisdiction
FXCM's Niv blames banks for extreme Swiss move and losses
Chief executive Drew Niv confirms company's plans
114 jobs go from bankrupt Alpari UK
52 employees will stay for now to work with KPMG
Tension intensifies between banks and brokers as SNB fallout continues
Banks and FX retail brokers at a stand-off on repricing
FXCM to forgive 90% of negative balances
Retail broker will pardon negative balances for some customers
CFTC wants Dodd-Frank regulation for retail FX
Commissioner Sharon Bowen wants more oversight
Saxo Bank raises CHF margin to 15%
Danish FX broker also doubles margin calls for other major currencies
Traders battle it out in final days of Saxo Trade Challenge
Top three traders will be awarded the $9,000 prize pool
Gain Capital to buy City Index
FX retail firm pays $118 million for company
New FXCM pricing model to publish ‘raw’ FX spreads
Brokerage firm promises client cost reductions
SNB stands pat on EUR/CHF floor, despite market jitters
EUR/CHF peg under pressure as participants raise margin
FXCM scraps dealing desk following FCA review
US broker goes back to core non-dealing desk business
Saxo Bank WLTM next Soros, GSOM an advantage
Saxo Bank ventures into social media trading, with relaunched TradingFloor
Inequality and deflation will be key trends in 2014, Saxo predicts
Danish bank publishes its 10 'outrageous' predictions for 2014, mooting the possibility that five fragile EM currencies could fall by as much as 25% against the dollar
Oanda acquires Currensee copy trading platform
FX copy trading platform will strengthen Oanda's product offering
Shadow of Cyprus crisis remains cast on retail FX
Some retail brokers in Cyprus claim the recent crisis has driven concentration of clients among larger firms, but others argue there is little data to support this
Royal Bank of Scotland to exit CFD trading
RBS informed customers this week that its marketindex CFD business will close in November
Retail brokers concerned about capital hit to CFDs
Brokers offering CFDs face the prospect of having to raise additional capital to hold against CFDs, leading them to question the product's future
Regulation deters currency managers from retail FX
Mifid requirements for enhanced transparency and due diligence for retail investors makes retail FX less attractive for some currency managers