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FXCM UK Reaches Settlement with FCA for Trade Execution Practices

From marketwatch.com

FXCM Inc., a leading online provider of foreign exchange (forex) trading and related services to retail and institutional customers worldwide, announces that its U.K. subsidiaries, Forex Capital Markets Limited (“FXCM Ltd”) and FXCM Securities Limited (“FXCM Securities”) (together “FXCM UK”), has entered into a settlement with the Financial Conduct Authority (“FCA”). The settlement addresses trade execution practices concerning the handling of price improvements on FXCM UK’s offsetting orders from August 2006 – December 2010. Under the terms of the settlement, FXCM UK has agreed to pay fines totaling £4 million to ... (full story)

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