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Stock Market & Financial Investment News

News Breaks
February 26, 2014
05:49 EDTFXCMFXCM announces setttlement with Financial Conduct Authority
FXCM announces that its U.K. subsidiaries have entered into a settlement with the Financial Conduct Authority. The settlement addresses trade execution practices concerning the handling of price improvements on FXCM UKs offsetting orders from August 2006 December 2010. Under the terms of the settlement, FXCM UK has agreed to pay fines totaling 4M pounds to the FCA and to provide approximately $10M in restitution to the affected clients. FXCM recorded a reserve $15M in Q3 for this matter and will record an additional $1.9M in Q4 to reflect the terms of the settlement and related expenses.
News For FXCM From The Last 14 Days
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April 20, 2015
08:16 EDTFXCMFXCM Pro to focus on wholesale business
FXCM announced the future direction of FXCM's Institutional business. Separate from the institutional non-core assets the firm has announced plans to sell, FXCM will continue various institutional services. FXCM's Institutional department, FXCM Pro, will focus heavily on its wholesale business, which will continue catering to retail brokers, small hedge funds and emerging market banks while FXCM's Prime of Prime business, FXCM Prime, will focus on high frequency trading customers.

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