SEC investigates State Street FX pricing

State Street Corporation (company that owns Currenex) is being now investigated by the SEC with regards to its foreign exchange pricing. The issue at hand is the foreign exchange pricing that State Street used when providing custodial services to several government pension plans. State Street has…

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• SEC investigates State Street FX pricing

SEC investigates State Street FX pricing

State Street Corporation (company that owns Currenex) is being now investigated by the SEC with regards to its foreign exchange pricing. The issue at hand is the foreign exchange pricing that State Street used when providing custodial services to several government pension plans. State Street has…

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Oanda adds more currency pairs

Oanda is the latest broker to offer new FX products after the introduction of the USD/BRL at Saxo and the Dow Jones FXCM Dollar index. Demand for emerging currencies from retail traders tends to peak during times of uncertainty which we have seen a lot of in 2011. Traders want to take advantage of…

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• No Related forex online trading news

GAIN Capital Receives Regulatory Approval to Return to China

Now that’s a surprising turnaround, Gain Capital had a major issue with the China regulation back in 2008-2009 which severely affected its profitability – as a direct result of that Gain’s income in H1 2009 was $11 million less than in same period in 2008. Gain had to leave China completely, losing…

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The Best Brokers for Forex Traders

SmartMoney reviewed 16 brokerages that offer currency trading and found a motley crew. The smallest firm we surveyed had fewer than 5,000 clients, the biggest more than 139,000.In the interest of helping to clear up a still-murky picture, we spent dozens of hours reviewing educational materials and…

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FDIC new forex regulation proposal – highlights

Shipkevich Law Firm is a full service law firm focusing in foreign exchange and FX technology transactions, as well as credit and insolvency matters. (212) 252-3003.

Felix Shipkevich is a New York Attorney with an extensive background representing banks, broker-dealers, futures and forex firms. H…

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ASIC too seeks to tighten forex regulation

On the same day that FDIC announced its plan to restrict retail forex trading its Australian peer ASIC also announced plans to further tighten local forex regulations. ASIC still is considering the most flexbile regulator out there more dealing with fairness of players than with telling them what…

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FDIC Seeks Comment on Rule Governing Retail Forex Transactions

The Federal Deposit Insurance Corp. will seek comment on a measure that would govern banks’ off- exchange foreign currency transactions with retail customers, part of the agency’s rulemaking under the Dodd-Frank Act.

FDIC board members voted 5-0 at a meeting in Washington today to seek comment on…

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