US-FX-Retail Exodus hält an

[whipsaw]

GFT exits U.S. retail foreign exchange business

 

 

 

GFT has shut its foreign exchange retail brokerage business in the United States to focus on institutional business in both the United States and globally, the firm said on its website on Monday.

Terming it a "difficult business decision," the firm said all U.S. retail forex customers were placed on a "position closing-only basis" from 7 p.m. on Sunday.

 

"We understand that this is an inconvenience for you, so we are working to make arrangements with one of our high quality institutional partners to accept the GFT U.S. retail forex accounts," the firm said. "We expect that your forex account will return to its normal status soon so that you can continue trading forex markets normally."

 

http://www.reuters.com/article/2012/12/03/us-financial-forex-gft-idUSBRE8B20WG20121203

 

 

http://www.gftforex.com/