FXCM Pro and Integral launch first cleared CFD platform
The first cleared contract for CFD users was executed with liquidity for the transaction provided by Jump Trading.
The first cleared contract for CFD users was executed with liquidity for the transaction provided by Jump Trading.
Given the length and complexity of the motion for summary judgment by FXCM Inc, investors seek additional time to respond.
The move follows FXCM’s launch of single share CFD trading in Australia with zero data fees and commissions earlier this year.
Jefferies estimates its maximum exposure to loss as a result of its involvement with FXCM is limited to $109.5 million.
What started as a copycat action, parroting the CFTC’s and NFA’s allegations of FXCM’s regulatory violations, has reached a dead end.
Global Brokerage, Inc. f/k/a FXCM Inc, Dror Niv, and William Ahdout intend to file a motion for summary judgment in a lawsuit brought by investors.
The announcement follows FXCM Australia Pty Limited’s recently launched, ‘Save Money, Sleep Better’ campaign
Global Brokerage Inc, formerly known as FXCM Inc, has reported a total stockholders’ deficit of $173.2 million for the second quarter of 2021.
FXCM UK administrative expenses fell by $8.2 million to $14.6 million in 2020 compared to 2019 ($22.9 million).
Jefferies estimates its maximum exposure to loss as a result of its involvement with FXCM at $123.3 million at May 31, 2021.