FX retail
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
FCA best execution review puts 40 firms under spotlight
The FCA's review into best execution practices is set to reveal further malpractice in the retail FX market, say participants
FXCM goes on offensive after £4 million FCA fine
The retail FX broker has criticised other firms in the industry for not passing on price improvements to clients in the week it was fined by the FCA
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
Saxo looks to capture the middle ground of hedge funds
Following a major restructure at the start of the year, the Danish bank is now looking at a new growth area - the delivery of multi-asset class support services, including capital raising, to emerging hedge funds
FXCM aims for 50:50 split between institutional and retail FX
The forex broker's push into the institutional market has accelerated with recent deals and chief executive Drew Niv eyes further growth to achieve targets
Oanda acquires Currensee copy trading platform
FX copy trading platform will strengthen Oanda's product offering
Host Capital taps Citi index for retail-focussed currency fund
New UK-regulated fund will invest in Citi's Carry & Value index to provide exposure to G-10 and emerging market currencies
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
Best retail platform: Spotware Systems' cTrader
Spotware Systems wins the retail award having successfully launched a platform that challenges the dominance of MetaTrader in the retail market
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
Rise in fraud prompts system upgrades for retail brokers
Brokers with weak anti-fraud protection in place risk a detrimental impact on the rest of the industry, participants warn
IG to roll out MetaTrader 4 alongside proprietary platform
New platform is to be implemented with a pilot group of clients next month and then rolled out fully in August, says chief executive Tim Howkins
Retail FX volume leverages the volatility boom
Growth in retail volume this year is not just a return from low volume in 2012, but a long-term trend, say market participants
Further consolidation looms in retail FX
Retail FX continues to grow at a faster pace than the broader market, but brokers face the tough challenge of dealing with strict regulations and remaining competitive in an environment of aggressive consolidation. Miriam Siers reports
FXCM hits record trading volumes
Return of volatility brings traders back to market
MIG Bank launches subsidiary in Hong Kong under MIG Capital Asia
Online broker targets rapid growth in foreign exchange trading in Asia with the establishment of a licensed office in Hong Kong
CFTC files complaint against Banc de Binary for breaching off-exchange options trading ban
Regulator gets tough on online brokers of off-exchange options brokers
GKFX backs Rising Sum
Retail broker expands into equity-linked contracts-for-differences with new trading tool
Volcker: Regulatory split creates ‘indecision and stalemate’
Division of financial supervision among US agencies is impeding Dodd-Frank reforms, says ex-Fed chairman