FM: GFT throws a bomb – pulls out of the US forex market

GFT throws a bomb – pulls out of the US forex market (Updated)
by Michael Greenberg at Forex Magnates
NFA did reveal that there’s an American broker (after Advanced Markets) who is going to leave the US market soon but we didn’t see this one coming. We did see GFT cutting down jobs in America on several occasions but only thought this was restructuring and adapting to current tough market similarly to other brokers. GFT however just now announced on its website that it is pulling out of the US market altogether.
Once again US brokers can thank the NFA for killing their market.

Views: 327

Tags: GFT, US Forex Broker GFT, US Retail FX, US Retail Forex Market

Comment by Dr. Sivaraman on December 3, 2012 at 3:10pm

Dear Francesc

Not only the brokers even the traders are given such hardship in the name of regulations .

Regards

Dr.Sivaraman

Comment by Lisa on December 3, 2012 at 4:35pm

Didn’t see that coming, did we (?)

As long as we have our Obamaphones, all is well :P

Over-regulation destroys business ~ every time.

The amount of companies that have gone out of business, ...

cut back employees hours or laid-off workers since Tuesday, November 6, 2012 is devastating.

"If you have ten thousand regulations, you destroy all respect for the law."

"You can always count on Americans to do the right thing—after they’ve tried everything else."

~ including Marxist Socialism / Bolshevik Communism, (?) ٩(͡๏̯͡๏)۶ ...

but CRPD being ratified tomorrow and losing our sovereignty to the UN is going too far.

We’ll never recover from that ٩(×̯×)۶ 

Fiscal Cliff ~ here we come !           aaaaaahhhhhhhhhhh

                                                                                  hhhhhhhhhhh

                                                                                                     hhhhhhhhh

                                                                                                                     hhhhh

                                                                                                                              hhhh

                                                                                                                                     hh

                                                                                                                                         

 

 

Comment by Sundaram on December 3, 2012 at 5:48pm

It's a blessing in disguise. Time to get rid of the fat cats. Either you pay the high tax for the "vulgar or obscene" gains or nothing at all. This would also cut the astronomical salary some executives draw out. It's a bitter pill for the rich and stingy!

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