07-10-2004, 21:18
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#23
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level 3
Join Date: Jun 2003
Posts: 214
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Cable
from FXCM
Quote:
Thank you for your interest in FXCM. As a result of our increased trading
activity in overseas markets, namely our Hong Kong office, we are being required
to post more-and-more of our own money in secured deposits to meet SFC
regulatory requirements.
FXCM total adjusted net capital worldwide exceeds $40,000,000+ USD, and this
has not changed in recent history. The CFTC report only shows US deposits, and
FXCM is a global company with offices in New York, London, Hong Kong and Tokyo.
The fact of the matter is, that we are regulated in 3 continents, unlike other,
much smaller FX market makers. As a result of our meeting multiple regulatory
standards, we must comply with three times the regulatory demands of smaller,
less regulated market makers. FXCM US funds that are monitered by the CFTC,
shall return to normal as of next month. To view a copy of the FXCM balance
sheet, you may do so here:
http://www.fxcm.com/balance-sheet.html
balance sheet
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