FXCM takes over all US based ODL Broker Funds
Well, breaking news. You hear it first. Just as we were talking about ODL might be closing shop as it cannot meet the new capital requirements by NFA, it is now official that all of their US based brokerage accounts will be taken over by FXCM. All open positions will also be liquidated by a [...]
Is your ODL broker going bust?
Hi Folks,
At these times of uncertainty, it is good to be safe than to be sorry. Many of the brokers are losing money and with the new NFA regulation increasing net capital requirements from $10m to $20m, many of them are closing shop.
If you have monies with them, it is best to pull out until [...]
Financial Data for Futures Commission Merchants
Financial Data for Futures Commission Merchants
The financial standing of most Futures Commission Merchants, or atleast those regulated by NFA, has been released. This is for the month of November standing and has been released by CFTC. You can view the full report here
You should be most interested in the column which shows Excess Net Capital, [...]
Spread Increased on GBP/JPY
I just noticed that though all pairs’ spread remain somewhat consistent, spread on GBP/JPY has gone up on all brokers that i can refer offhand.
I took a quick glance at;
E/U
G/U
U/Y
E/Y
G/Y
U/C
and noticed that only G/Y has been given the coveted award of increased spreads.
Alpari UK – From 8 to 10 pips
FXDD – From 8 to 9 [...]
Interbank FX-Crazy Christmas Spreads
Well Folks, Interbank FX, or better known as IBFX, has done it again. Earlier this year, when the market was going absolutely crazy and downwards i should add, with Vix indicator hitting high up in the 90s region, they slapped double digit figures on swap rates and both on the negative side as well. As [...]
Seeni J G
