Forex Forums |

Go Back   Forex Lasers Forum > COMMERCIAL CONTENT > Broker Representatives


Broker Representatives

LinkBack Thread Tools Search this Thread
Old 29-10-2010, 19:07
Level 1 Lasers Member
Join Date: Oct 2010
Location: Beijing,China
Posts: 1

IKON GM Inc., NFA ID: 0327622 Announces Strategic Shift

IKON GM Inc., NFA ID: 0327622 Announces Strategic Shift in the Retail Foreign Exchange Business.
Oct. 20, 2010 (GLOBE NEWSWIRE) -- Over the last year, IKON Global Markets, Inc. ("IKON GM") has formed a strategic alliance and joint venture with one of the world's largest exchanges to develop a suite of products tailored to the retail FX market. These products will offer the same user experience as traditional OTC FX, in conjunction with the all benefits of an exchange cleared financial product. There are many changes occurring in the global financial markets, most notably in the United States. The passing of the Dodd-Frank Financial Reform Act has brought on many new requirements and restrictions. These new policies enforced by the US CFTC and the NFA have affected the retail market as of the close of business Friday October 15th, 2010. Ultimately, as we consulted legislators, regulators and market participants over the past year, we came to the determination that the time has come for the Foreign Exchange market (particularly the retail market) to move to the customer protections and integrity of a regulated exchange. We at IKON have taken steps to create this possibility, and as a result of our strategic alliance, IKON GM has developed this new exchange based model. Given this glimpse into what we believe to be the future of retail FX, IKON GM has decided that we will no longer be acting as a traditional counterparty in the retail OTC FX market. Therefore, in order to prepare for this exchange based model, IKON GM has transferred or ceased trading with US based retail clients as of the close of business Friday October 15th, 2010. International clients have been transferred to IKON Capital, Ltd., an FSA registered firm. Although we will no longer be acting as a traditional counterparty in the retail OTC FX market, we will continue to service institutional clients, as well as make markets on exchange and ECN platforms. We look forward to bringing you further news of this new and innovative model in the coming weeks.

About IKON GM, Inc.
IKON Global Markets, Inc. NFA ID: 0327622[please visit the website:]is registered as a Futures Commission Merchant, is a member of the National Futures Association and is regulated by the U.S. Commodity Futures Trading Commission. IKON combines extensive market expertise with leading proprietary technology to provide a new level of excellence to the online marketplace of Foreign Exchange, Futures and Commodities.
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are Off
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

Similar Threads
Thread Thread Starter Forum Replies Last Post
IKON FX admin Broker Ratings & Reviews 11 21-07-2012 08:22
IKON ROYAL admin Broker Ratings & Reviews 0 21-02-2009 15:44

All times are GMT. The time now is 00:07.

Powered by vBulletin® Version 3.8.10
Copyright ©2000 - 2021, vBulletin Solutions, Inc.