Exclusive: NFA Charged FXCM for Using Own LP for No Dealing Desk Execution

[kreslik.news]

FXCM, the largest foreign exchange brokerage in the US by market share, has settled with US authorities to cease its operations in the country. The brokerage reached a $7 million settlement with the US Commodity Futures Trading Commission.


Further to the settlement announcement, FXCM published a statement that details that the brokerage is selling its US client accounts to GAIN Capital. The deal is subject to regulatory approval and a final agreement between the firms.

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Official documentation sheds light on the detailed ... (read more)