FXCM Inc. today announced that the Business Improvement Order issued by the Kanto Financial Bureau in July 2012 has been lifted for its Japan entity, FXCM Japan Securities Co. Ltd.
FXCMJ has worked extensively over the past year and a half to enhance and strengthen its internal control systems including its risk management system. FXCMJ has also improved the customer protection system throughout
“We will continue reinforcing our internal control system,” said Kazunori Iida, President, FXCMJ. “We recognize that regaining our customers’ trust is our top priority and strive to meet customers’ needs.” Iida added, “We always look to offer our customers our best service, to support their trading experience with FXCMJ and to contribute to further development of the Japanese financial market.”
“Again we express our sincere apology to our customers and related parties for the great concern and inconvenience that this may have caused,” said Drew Niv, CEO and president of FXCM Inc. “We appreciate your continued support,” he added.
FXCM recently deployed a global matching engine in one of Equinix’s IBX data centers in Tokyo to further expand its business and provide high-speed and reliable online trading for customers in the Asia Pacific region.