News/Retail
Saxo's Fournais sees major paradigm shift
Retail industry landscape rapidly changing, says Saxo Bank co-founder
FXCM to sell Japanese business for $62m
Broker progresses with paying down its $300 million loan from Leucadia, aiming to wipe out the debt by the year end
FX will be half of our revenue in two years, says LCG's Sabet
Broker aims to boost its share of FX revenues through global expansion and a focus on core retail customers
IG under fire from clients with huge negative balances
Customers log complaint with Financial Conduct Authority and hire legal counsel in EUR/CHF case
FXCM discloses data for global market failure event
Retail broker blasts SNB and liquidity providers, highlighting lack of circuit breakers
FXCM issues not a US problem, says Massad
The US regulator points the finger of blame at affiliates outside US jurisdiction for making the retail broker's Swiss franc losses worse than they could have been
FXCM's Niv blames banks for extreme Swiss move and losses
The January 15 drop in EUR/CHF was a 'global market function failure' as banks failed to provide prices, Niv says
114 jobs go from bankrupt Alpari UK
The FX retail broker has struggled to sell its assets since the appointment of KPMG as its administrator
Tension intensifies between banks and brokers as SNB fallout continues
Banks and FX retail brokers are at a stand-off as they fail to agree new terms on repricing trades in the wake of the EUR/CHF collapse on January 15
FXCM to forgive 90% of negative balances
US broker will not seek to recover client losses, but will look to recoup money from 10% of customers
CFTC wants Dodd-Frank regulation for retail FX
The US regulator has taken a tough stance on retail FX following the fallout from the SNB's currency floor removal on January 15
Saxo Bank raises CHF margin to 15%
The Danish broker is preparing for significant FX volatility as the market looks to decisions from the European Central Bank and elections in Greece
Traders battle it out in final days of Saxo Trade Challenge
The bank's social trading portal has accumulated 300,000 unique users
Gain Capital to buy City Index
The purchase, expected to be completed in Q1 2015, will supplement Gain's GFT Markets buy from last year
New FXCM pricing model to publish ‘raw’ FX spreads
Spreads and commission costs to be separated for clients as FCA reviews brokerage pricing
SNB stands pat on EUR/CHF floor, despite market jitters
Swiss central bank ready to buy FX in unlimited quantities to preserve 1.20 currency floor
FXCM scraps dealing desk following FCA review
Lack of demand and a recent FCA review into best execution has led FXCM to move away from its principal business since August 30
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