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Boston Prime Exposed as Alpari UK Clients Still in the Dark
- Last week saw a bevy of allegations levelled at FXDD, KPMG keeping tight-lipped on Alpari UK's customer accounts, FXCM taking some safety measures FxPro's CEO sharing his vision for the future of the industry.
Sunday, 15/02/2015 | 11:01 GMT by
Kenny Mariasin
Exclusive: Boston Prime Bankruptcy Documentation Reveals More Client Funds Questions
- An affidavit by former CEO of Boston Technologies and director of BT Prime and Boston Prime alleges that a client funds gap has been identified, as BT Employees, led by George Popescu, blew the whistle to the FCA.
Thursday, 12/02/2015 | 06:20 GMT by
Victor Golovtchenko
Exclusive: Several BT Employees Laid off, Regulators Made Aware of Missing Client Funds
- Information gathered by Forex Magnates' reporters from a number of sources points to a big chunk of client funds that could be missing from Boston Prime and BT Prime, as regulators have been made aware of the situation.
Friday, 06/02/2015 | 21:15 GMT by
Victor Golovtchenko
FXDD US Applies for Withdrawal of Introducing Broker License with the NFA
- According to a corporate announcement made by FXDD Global, the firm’s US unit has applied to withdraw its IB license due to the firm's concentration of efforts on its globally operating FXDD Global.
Saturday, 31/01/2015 | 03:48 GMT by
Victor Golovtchenko
American Watchdog Hits FXDD with Another $500,000 Fine, Limits It to Operate Only as IB
- The company behind the U.S entity of FXDD, New York based FXDirectDealer LLC, has settled to pay another $500,000 for inadequate anti-money laundering program and failure to supervise operations and employees.
Wednesday, 10/12/2014 | 19:13 GMT by
Avi Mizrahi
FXDD Slapped with Another $600,000 Related to More Undercapitalization Discoveries
- Forex Magnates reported earlier this month about a National Futures Association (NFA) complaint which was served to the company and its CEO Joseph Botkier, which was related to more undercapitalization occurrences.
Wednesday, 24/09/2014 | 18:40 GMT by
Victor Golovtchenko
SafeCharge H1 Interim Results: Revenues and Profits Rose Almost 80% YoY
- The company’s board is expecting full year results for the company to be materially ahead of current market expectations with share prices trading at all time highs of 228 pence following the announcement.
Tuesday, 09/09/2014 | 07:15 GMT by
Victor Golovtchenko
Exclusive: NFA Issues a Complaint against FXDD, Raising Allegations on Five Counts
- According to information exclusively obtained by Forex Magnates the company is facing up to $1,250,000 in fines from the NFA, as charges are raised against FXDD and its CEO, Joseph Botkie.
Thursday, 04/09/2014 | 21:17 GMT by
Victor Golovtchenko
FXCM Reduces Its Credit Facility to $150 Million - Cites Strong Balance Sheet
- Despite a difficult quarter in operating metrics FXCM changes in the amount of credit it has, signalling favourable times for the broker, it also revealed the exact amount it paid for its recent acquisition of FXDD.
Friday, 08/08/2014 | 21:44 GMT by
Adil Siddiqui
Exclusive: Q2 2014 US Profitability Report, OANDA and FXCM Knock off IB
- OANDA has knocked off InteractiveBrokers as the most profitable broker for traders in the Q2 US forex broker profitability report. Overall, customer performance increased but total trader numbers declined.
Wednesday, 23/07/2014 | 14:05 GMT by
Ron Finberg
CFTC April FCM Financials Show Continued Contraction in US Forex Industry
- In what isn’t much of a surprise, the CFTC’s monthly report of April FCM financials is showing a decline in the size of the US forex industry, falling below $600m to $595.2m in US retail forex customer assets.
Tuesday, 17/06/2014 | 14:44 GMT by
Ron Finberg
Exclusive: BT Deal with Forexware Imminent amid Potential Ownership Irregularities, CFH Group Makes a Statement
- BT about to conclude a deal with FXDD rumoured since the beginning of May in a matter of days. CFH remains undeterred in its interest towards Boston Technologies, amid a possibility of additional ownership dispute.
Thursday, 12/06/2014 | 19:22 GMT by
Victor Golovtchenko
FXCM Reports Trading Metrics for May 2014, Retail Volume Up 5% MoM
- After a 14% drop in retail FX customer trading volumes the previous month, the small improvement in May 2014 is good news for FXCM but the retail volume is still 33% down from the same month last year.
Monday, 09/06/2014 | 20:59 GMT by
Avi Mizrahi
CFH Group Eying 50% of Boston Technologies, BT CEO Provides Surprising Insight
- Kevin Millien's stake in Boston Technologies is being acquired by the CFH Group through an all-cash transaction pending final due diligence, the move puts a lid on a potential deal with FXDD and Forexware.
Friday, 16/05/2014 | 07:33 GMT by
Victor Golovtchenko
FXCM's Q1 Analyst Presentation - $750 per FXDD Account and More M&A
- Last week FXCM posted its quarterly financial report. Today we take a look at their analyst presentation which included details on their acquisition of FXDD's business, potential launch of single share CFDs, and more.
Monday, 12/05/2014 | 08:19 GMT by
Ron Finberg
"What Really Matters? Executives Talk," Preview of Forex Magnates QIR1 2014 Research
- We met with several executives at their New York offices to talk about what really matters to them, this sneak-peek into Forex Magnates Quarterly Industry Report (QIR) for first quarter of 2014 reveals their views.
Friday, 09/05/2014 | 06:49 GMT by
Steven Hatzakis
It’s Now Official: FXCM Has Acquired FXDD’s US Client Base
- As Forex Magnates has already broken the news exclusively that FXCM will be taking over FXDD’s client base, we can now confirm that an official announcement has been sent out to clients of the company.
Wednesday, 07/05/2014 | 16:48 GMT by
Victor Golovtchenko
Exclusive: FXDD Close to Acquiring Boston Technologies
- Following the disposal of its US client base, FXDD is looking for some acquisitions to strengthen its position in the rest of the world, multiple sources confirm the company to be the most likely new owner of BT.
Monday, 05/05/2014 | 19:39 GMT by
Victor Golovtchenko
Exclusive: FXCM Emerges to Acquire FXDD US Retail Client Base
- Amidst recent speculation surrounding a possible deal between FXDirectDealer (FXDD) and one of two possible US online FX brokers, Forex Magnates has learned that FXCM has concluded a deal to absorb FXDD’s clients.
Sunday, 04/05/2014 | 07:47 GMT by
Jeff Patterson
Exclusive: FXDD Closing in on a Possible Sale to a Major US Broker
- Forex Magnates has learned from multiple independent industry sources familiar with the development, that FXDirectDealer may be "very close" to striking a deal with a large US retail broker, soon to be revealed.
Monday, 28/04/2014 | 20:51 GMT by
Steven Hatzakis
Compagnie Financière Tradition Revenues Drop 5.8%, Japanese Retail FX Slumps
- With the pace of revenues at the Swiss company dropping slower than a year ago, the company might have an opportunity to capitalise with its ParFX engine, which randomises high-frequency trading order flows.
Thursday, 24/04/2014 | 11:07 GMT by
Victor Golovtchenko
FCA Reviewing 40 Firms for Best Execution Compliance, in Wake of Asymmetrical Slippage
- The Financial Conduct Authority is analyzing practices around best-execution and the affects of introducer- fees from sample of firms, in wake of asymmetrical slippage that has come to light in foreign exchange markets.
Monday, 10/03/2014 | 22:09 GMT by
Steven Hatzakis
Tradency Continues to Form New Collaborations, Announces Joint Solution with Forexware
- The copy trading provider broadens its backend solutions by teaming up with ForexWare, whose technology is now integrated with Mirror Trader platform. FXDD will be the first broker to adopt the service.
Tuesday, 21/01/2014 | 10:32 GMT by
Avi Mizrahi
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