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Post by Forextrader on Mar 26, 2015 6:12:32 GMT
fight, have you got link for this interview?
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fight
New Member
Posts: 29
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Post by fight on Mar 28, 2015 12:20:50 GMT
@ forextrader the interview is not In a webside can You give me your e mail adress please, than i will give you the content / interview I also wuold be interested in your " green pricing" order, that was also reqoted by Saxo do you speak German?
Best Regards Fight
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Post by Forextrader on Mar 28, 2015 23:11:47 GMT
@ forextrader the interview is not In a webside can You give me your e mail adress please, than i will give you the content / interview I also wuold be interested in your " green pricing" order, that was also reqoted by Saxo do you speak German? Best Regards Fight
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Post by Forextrader on Mar 28, 2015 23:13:33 GMT
forextrader20155@gmail.com
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Post by Reynolds on Mar 30, 2015 9:01:14 GMT
From the major central banks not just BoE: www.bankofengland.co.uk/publications/Pages/news/2015/046.aspxNews Release - Global Preamble: Codes of best market practice and shared global principles 30 March 2015 Available as: PDF The eight foreign exchange committees in the major financial centres are releasing today a revised “Global Preamble: Codes of best market practice and shared global principles” document, which was approved and endorsed by the eight committees at the annual global foreign exchange committees meeting, held in Tokyo on 23 March 2015, and which updates the original version published in 2013. This publication reflects our shared commitment to developing and promoting clear, robust, and implementable best practice guidance. Such guidance, accompanied by high standards of ethical behaviour, is critically important to a well-functioning global foreign exchange market. These eight committees have worked together closely since the 2014 global foreign exchange committee meeting in Sydney to draft this revised document, which features more detailed, globally harmonised guidance. The document covers topics such as personal conduct, confidentiality and market conduct, and policies for execution practices and reflects a number of the Financial Stability Board’s Foreign Exchange Benchmark recommendations. The committees expect foreign exchange market participants to incorporate this guidance into their processes and control frameworks in a timely manner. The committees will continue to build on this global collaboration as they seek to promote adherence to best market practices and to help facilitate implementation of the Financial Stability Board’s Foreign Exchange Benchmark recommendations. The committees listed below collaborated in the drafting of the Global Preamble and in this statement. Australian Foreign Exchange Committee Canadian Foreign Exchange Committee ECB’s Foreign Exchange Contact Group Hong Kong Treasury Markets Association London Foreign Exchange Joint Standing Committee New York Foreign Exchange Committee Singapore Foreign Exchange Market Committee Tokyo Foreign Exchange Market Committee
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Post by IGUser on Apr 2, 2015 14:08:40 GMT
This doesn't really say much about our situation does it?
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Post by markus on May 28, 2015 18:22:53 GMT
am Freitag, den 05.06.2015, wird es ein gemeinsames Gespräch mit dem anwaltlichen Vertreter der Saxo Bank, Herrn Rechtsanwalt Leda, geben, in dem sämtliche gegenwärtig angeblich bestehende Forderungen verhandelt werden. Daumen drücken das alles gut für uns kommt. Ich sag dann sofort Bescheid wenn ich die Neuigkeiten vorliegen hab.
gruss Markus
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Post by aaa on Jun 9, 2015 17:20:35 GMT
Markus,
Could you make step forward on 05.06.2015? Share any information pls.
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Post by saxobank report on Aug 21, 2015 22:36:31 GMT
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Post by Thereishope on Oct 7, 2015 6:55:15 GMT
IG takes extra franc sting after ombudsman ruling
Online spreadbetter IG Group is adding an extra £1m to the hit it incurred from January's shocking rally in the Swiss franc, after the UK's financial ombudsman ruled that the broker should have given a client a better rate on the day - a victory for a clutch of clients who felt they were handled unfairly
Like many smaller brokers, IG was caught on the hop when the Swiss National Bank unexpectedly scrapped its upper limit on the franc on January 15th. To avoid shouldering the full effects of the shock, it left some clients nursing heavy losses.
The ombudsman "agreed that IG acted in accordance with the terms and conditions of its Client Agreement and that it complied with its duties of best execution and acted fairly in the way it processed client orders," the broker says in a statement.
But it also said:
that a different contract fill level, beneficial to the client in this case, would have been more reflective of the underlying market liquidity.
To draw a line under the affair, which led to a string of customer complaints, IG has decided to adjust the client account that applies in this case, and "to apply the same beneficial finding to all other affected client accounts."
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Post by Thereishope on Oct 12, 2015 7:32:56 GMT
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Post by Milipita on Oct 19, 2015 15:28:17 GMT
Does anyone have details of the IG trades that the UK FOS ruled warranted repricing back in the client's favour to reflect market rates? If so, please share as that would help if Saxo clients are in a similar position. IG takes extra franc sting after ombudsman ruling Online spreadbetter IG Group is adding an extra £1m to the hit it incurred from January's shocking rally in the Swiss franc, after the UK's financial ombudsman ruled that the broker should have given a client a better rate on the day - a victory for a clutch of clients who felt they were handled unfairly Like many smaller brokers, IG was caught on the hop when the Swiss National Bank unexpectedly scrapped its upper limit on the franc on January 15th. To avoid shouldering the full effects of the shock, it left some clients nursing heavy losses. The ombudsman "agreed that IG acted in accordance with the terms and conditions of its Client Agreement and that it complied with its duties of best execution and acted fairly in the way it processed client orders," the broker says in a statement. But it also said: that a different contract fill level, beneficial to the client in this case, would have been more reflective of the underlying market liquidity. To draw a line under the affair, which led to a string of customer complaints, IG has decided to adjust the client account that applies in this case, and "to apply the same beneficial finding to all other affected client accounts."
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Post by Forextrader on Oct 21, 2015 12:13:00 GMT
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Post by Forextrader on Oct 21, 2015 20:30:23 GMT
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Post by Forextrader on Oct 21, 2015 20:32:11 GMT
news.forexlive.com/!/cmc-markets-told-to-refund-thousands-on-snb-trades-20151021 UK regulators side with clients in complaint against CMC Markets Exclusive Several clients of CMC Markets were informed they will be refunded after requotes in the period after the Swiss National Bank eliminated the floor in EUR/CHF on Jan 15, 2015. A group that's handling complaints showed us documents dated yesterday that inform clients that the UK financial ombudsman has ruled in their favour and against CMC Markets. "The crux of this complaint is whether or not CMC was right to make the retrospective adjustments to the price," one letter reads. "...I think that the business hasn't acted fairly... "My conclusion therefore is that the complaint should be upheld." It goes onto say that cash adjustments should be reversed, any interest on paying negative balances should be refunded along with various compensatory payments for the people stuck in this 10 month saga. There was liquidity CMC Markets claimed: "Our platform published incorrect prices by failing to represent the complete absence of liquidity in the underlying financial market." The Ombudsman ruled against this and showed that ample trading took place in the minute after the announcement -- up to 9:31 am. As a result, the Ombudsman ruled that CMC "has not provided any evidence to support this assertion" of a lack of liquidity. "Anecdotal evidence as well as the information we have received in respect of similar complaints makes it very clear that trading in the various Swiss Franc currency pairs did take place and in very substantial volumes. I accept that liquidity may have been drastically reduced from typical levels and trading was difficult. I do not accept CMC's assertion that there was a 'complete absence of liquidity'," it says. They believe about 400m CHF equivalent of client trades took place between 9:30 am and 10 am BST. Timing is everything The Ombudsman believes there was ample liquidity and electronic platforms and liquidity providers were operating somewhat correctly at least until 9:32 am. This is an important precedent for those who made trades in the two minutes after the floor was lifted. During that time, the ombudsman ruled that CMC's platform was working properly and generating prices reflective of the underlying market. What's next? We understand that the decisions are binding so CMC Markets will be refunding payments or cancelling debts. Similar complaints are outstanding against IG, ETX and Alpari. We understand that IG has modified client prices in EUR/CHF due to similar complaints but they are still way off the mark at 1.0249 (compared to the 1.20 floor). If you're looking for a forex broker, check our listing and remember the importance of regulation. If you have any further information about SNB trades and regulator decisions, please contact us. We've been working hard to make sure retail clients get the best result possible.
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