FXCM UK Fined $140,000 by the CFTC
Last October we wondered what steps the CFTC would be able to take to enforce the new forex trading regulations that had just come into force, particularly when it came to pursuing offshore brokers in...
View ArticleFXCM Fined $2 million by the NFA
Fresh from having their UK subsidiary fined by the CFTC earlier this month, FXCM have now been fined $2 million by the National Futures Association. Once again the complaint against FXCM and their CEO...
View ArticleAre High Frequency Traders About to Destroy the City of London?
My attention has recently been drawn to an academic research paper entitled High Frequency Trading and The New-Market Makers. The author, who is from the VU University in Amsterdam, investigates the...
View ArticleCFTC Sues British Registered Broker
Fresh from agreeing a settlement with FXCM's UK subsidiary, the CFTC has stepped up its campaign in the courts against "unregistered" RFEDs by announcing that it is bringing civil actions against...
View ArticleUK Plc Sues the European Central Bank
Following on from last month's European attack on the City of London a new front has opened up in the war currently being waged to regulate away risk in the world's financial markets. However this time...
View ArticleFXCM Settles CFTC Charges For More Than $14.2 Million
At last we know the answer to the questions posed by FXCM themselves back in August following settlement of charges brought by the NFA, when they revealed that: FXCM has set aside a $16 million reserve...
View ArticleIs High Frequency Trading a Force for Good or Evil?
We've previously discussed a variety of academic and political views on the costs and/or benefits of high frequency trading here on the Trading Gurus blog. If that type of thing is of interest to you...
View ArticleCFTC Fines Interactive Brokers $225,000
It's all go today. I've only just finished blogging about connecting a new trading platform to one of my own brokers, and now I find said broker is in the news for a very different reason. The U.S....
View ArticleBoom, Boom, Out Go the Lights
Somewhat unusually for the Trading Gurus, here we reproduce in full today's statement by CFTC Commissioner Bart Chilton, without further comment: On September 30th, at the stroke of midnight, our...
View ArticleFXCM UK Fined £4 million by the Financial Conduct Authority
In a press release today FXCM have announced that: Its U.K. subsidiaries, Forex Capital Markets Limited and FXCM Securities Limited, [have] entered into a settlement with the Financial Conduct...
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Will New Regulations "Stabilise" the Financial Markets?
Regular readers of the Trading Gurus blog will be aware that we have been pondering the possible effects of additional regulation on markets on both sides of the Atlantic for some considerable time...
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