Gain Capital attains IIROC registration in Canada

Canada recently started requiring 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 brokers to register with its local agencies. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. Even Canadian based powerhouse OANDA had to recently register in Canada though most of its clients are based in the US. Its US competitor FXCM chose not to register in Canada directly but through a white label partnership with Friedberg Direct.

It seems the trend is on regional regulations as regulators worldwide understand both the need and the economic benefit in requiring brokers to register locally. Turkey is just one such recent example. The long awaited Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term in Israel (home to some 25 prospering brokers) is making slow but steady progress and may soon be enacted.

GAIN Capital – FOREX.com Canada Ltd.

GAIN Capital – FOREX.com Canada Ltd. is admitted to membership in the Investment Industry Regulatory Organization of Canada, effective May 10, 2012.

The head office is located at Bedminster One 135 US Hwy 202/206, Suite 11, Bedminster, New Jersey 07921. Telephone: 908-731-0700 Facsimile: 908-731-0701.

The directors and executives are:

• Maria Concepcion Arena, Industry Director
• Alexander Robert Bobinski, Industry Direct, Non-Trading Executive, Chief Compliance Officer and Supervisor
• Meaghan Einav, Non-Industry Director
• Kenneth O’Brien, Industry Director, Non-Trading Executive, Chief Executive Officer and Ultimate Designated Person
• Steven Somodi, Non-Trading Executive, Chief Financial Officer