Opinion/Retail

In the public interest?

British Virgin Islands-based foreign exchange brokerage InterForex received a permanent injunction from the CFTC last month for soliciting business from US clients as an unregistered dealer. But the injunction was not in the public interest of preventing…

The rise and rise of retail FX

Questions were raised in July when the Bank of England’s FX joint standing committee revealed a jaw-dropping 23% increase in UK turnover between October 2010 and April 2011. Among a number of drivers contributing to the increase, the most notable is the…

The many faces of regulatory arbitrage

Happy new year (belated)! As we enter the new year the regulatory environment remains a key issue driving development, most recently in the form of the CFTC attempting to assert its authority on the US off-exchange retail forex market.

Regulatory arbitrage

Glenn Stevens, chief executive at Gain Capital in New York, looks at how tightening restrictions around the globe are creating unwelcome possibilities for regulatory arbitrage in retail FX

Chicago's wind of change

Felix Shipkevich, general counsel at CMS Forex in New York, highlights the difficulties of applying similar regulations to retail foreign exchange and the exchange-based commodities and futures markets

The murky side of retail forex

In these days of heightened regulatory scrutiny, Saxo Bank could take it upon itself as a pioneer of the retail foreign exchange market to more effectively monitor who is using its technology and how.

Watching the market in 3D

Chip Lowry, senior managing director of Currenex, and John Vause, managing director of State Street's Global Link business for Europe, the Middle East and Africa, evaluate the evolution of the FX market's structure

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

Retail forex traders will bounce back

Retail foreign exchange traders were among the hardest hit in the August turmoil, where risk aversion led to a sharp reversal in carry trades. But it looks like many market participants haven't been deterred from pursuing the potentially lucrative…

Margin trading platform race gathers pace

The race to launch a margin trading platform continues to gather pace, with at least two further banks in the process of signing deals with online trading companies to launch retail platforms.