Alpari UK Clients Compensated, Interactive Brokers CEO Hardens Stance

Alpari UK depositors achieved a minor victory this week following a statement from the UK Financial Services Compensation Scheme – meanwhile Interactive Brokers’ Thomas Peterffy stands ground on Negative Balance Negative Balance In its most basic form, a negative balance represents an account balance in which debits exceed credits. A negative balance indicates that the account holder owes money. A negative balance on a loan indicates that the loan has not been repaid in full, while a negative bank balance indicates that the account holder has overspent.In the retail brokerage space, this phenomenon occurs when a position’s losses in an account exceeds the available margin on hand from a given trader. When a trader place In its most basic form, a negative balance represents an account balance in which debits exceed credits. A negative balance indicates that the account holder owes money. A negative balance on a loan indicates that the loan has not been repaid in full, while a negative bank balance indicates that the account holder has overspent.In the retail brokerage space, this phenomenon occurs when a position’s losses in an account exceeds the available margin on hand from a given trader. When a trader place Read this Term relaxation.

Interviews

Interactive Brokers' CEO Thomas Peterffy Stands Ground on Negative Balances

Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates reached out to Thomas Peterffy, CEO of Interactive Brokers, for his analysis and opinions of negative account balances and broker oversight regarding the SNB shock. Read More Here

Key Executive Moves

R.J. O’Brien & Associates Promotes Jamal Oulhadj to COO

R.J. O’Brien & Associates (RJO), a US-based independent futures brokerage and clearing firm has promoted Senior Managing Director and Chief Risk Officer Jamal Oulhadj to the role of chief operating officer. Read More Here

FX Veteran Matthew Avery Joins INTL FCStone From Integral as Newest Head

Veteran FX specialist Matthew Avery has parted ways with Integral Development Corp. to join INTL FCStone Inc. as its newest head of eFX distribution at the company’s London branch. Read More Here

Trending

Build an A-Team That You Can Count On

When you are building a company you can follow standard management techniques and set up a hierarchy structure with operation plans, bringing experienced team members from successful businesses, then start doing the everyday work with a motto like “this is how it is done.” Read More Here

Alpari UK Depositors to Be Fully Compensated By FSCS for up to £50,000

The UK Financial Services Compensation Scheme has officially stated what has been known all along - clients of Alpari UK who have claims within the insured deposit amount will receive full compensation. Read More Here