Note that this is a company press release "fxcm Group Reports Monthly Metrics". Patterson, Jeff (July 18, 2017). Vantage FX, acquires, atom8, London Based FCA Regulated Forex Broker, Limassol, Cyprus. Former customers contend that they were defrauded by the claim that they were trading on a "no dealing desk" system. 36 Swiss franc jump On January 15, 2015 following a large increase in the price of Swiss francs, the company lost 225 million and was in breach of regulatory capital requirements.
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Pepperstone, launches FX News and Education Site m, Sydney, Australia. 61 62 Ken Grossman was CEO of Global Brokerage. 66 67 At least three sets of lawsuits were filed against the parent firm, Global Brokerage, Inc. Fxcm said that the trades were cancelled because the prices they"d were changed more slowly than actual market prices, and that Shurbanova was trading to take advantage of the price discrepancies. "fxcm names interim CEO, changes name to Global Brokerage". On February 6, 2017, the cftc imposed a penalty of 7 million on fxcm for defrauding its retail customers. 47 fxcm no longer advertises the "no dealing desk" system on its main website, but continues to advertise it on its UK website. Retrieved April 16, 2018. Commodity Futures Trading Commission. Retrieved May 18, 2017.