Forex Broker News
Forex Broker News
FXCM Inc. (NYSE:FXCM) today announced that the Business Improvement Order issued by the Kanto Financial Bureau in July 2012 has been lifted for its Japan entity, FXCM Japan Securities Co., Ltd. ("FXCMJ").
FXCMJ has worked extensively over the past year and a half to enhance and strengthen its internal control systems including its risk management system. FXCMJ has also improved the customer protection system throughout the company.
"We will continue reinforcing our internal control system," said Kazunori Iida, President, FXCMJ. "We recognize that regaining our customers' trust is our top priority and strive to meet customers' needs." Iida added, "We always look to offer our customers our best service, to support their trading experience with FXCMJ and to contribute to further development of the Japanese financial market."
"Again we express our sincere apology to our customers and related parties for the great concern and inconvenience that this may have caused," said Drew Niv, CEO and president of FXCM Inc. "We appreciate your continued support," he added.
FXCM recently deployed a global matching engine in one of Equinix's IBX data centers in Tokyo to further expand its business and provide high-speed and reliable online trading for customers in the Asia Pacific region.
About FXCM Inc.
FXCM Inc. (NYSE:FXCM) is a global online provider of foreign exchange (forex) trading and related services to retail and institutional customers world-wide.
At the heart of FXCM's client offering is No Dealing Desk forex trading. Clients benefit from FXCM's large network of forex liquidity providers enabling FXCM to offer competitive spreads on major currency pairs. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. FXCM's U.K. subsidiary, Forex Capital Markets Limited, also offers CFD products with no re-quote trading and allows clients to trade oil, gold, silver and stock indices along with forex on one platform. In addition, FXCM offers educational courses on forex trading and provides free news and market research through DailyFX.com.