Fund Management

Small retail FX firms face extinction

Felix Shipkevich, general counsel, and Anna Vidiaev, staff attorney, at online foreign exchange trading company Capital Market Services in New York say a proposed rise in capital requirements for retail brokers will result in an anticompetitive market

Small US retail forex firms set to "suffer"

NEW YORK - New legislation passing through the US government is likely to consolidate the retail foreign exchange industry, as proposals to dramatically increase minimum adjusted net capital requirements squeeze small operators from the market.

Mifid compliance: a matter of principles

Since the EU's Markets in Financial Instruments Directive (Mifid) went into effect on November 1, 2007, financial firms have been racing to implement principles-based regulation to remain compliant and competitive. With various EU members in different…

Commerce FX storms US retail market

BOSTON – Commerce FX, a subsidiary of Boston-based Commerce Bank & Trust, is reaping the rewards of its entrance into the retail margin trading market last year, an official told FX Week .