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Gerald Segal is a Managing Director at LeapRate, which provides analysis of the Online Forex Trading world. Gerald's reports are a leading source of information on the size, growth and regulation of the Online Forex industry. Prior to founding LeapRate Gerald was an investment banker for 18... More
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LeapRate's Forex Industry News
  • E*Trade Takes The IB Route To FX. Why Not A Full RFED? 0 comments
    Feb 21, 2012 2:54 PM | about stocks: ETFC, FXCM, SCHW, AMTD, GCAP, FX, KCG, BGCP, STT, C

    Launches E*Trade FX as an IB of FXCM.

    ETrade logoFXCM logoOnline stockbroker E*Trade announced today that they have joined a number of their online brokerage brethren in getting into the retail FX business, with the launch of E*Trade FX as a White Label of FXCM's Trade Station platform.

    However, as pointed out by our friends at CMAP on their corporate blog, E*Trade FX is launching as an Introducing Broker ("IB") rather than a full Retail Foreign Exchange Dealer ("RFED"). What that means is that FXCM, and not E*Trade, will hold all the FX accounts and corresponding client funds, and FXCM will act as the counterparty to FX trades with clients, not E*Trade.

    Why is E*Trade becoming a IB, and not a full RFED? For more details see LeapRate's Forex Industry News at leaprate.com.

    Get the_LeapRate-DJ_FIR_today_ad_bb
    Themes: Forex White Label, E*Trade FX Stocks: ETFC, FXCM, SCHW, AMTD, GCAP, FX, KCG, BGCP, STT, C
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