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We continue to work with credit card issuers to ensure that our services, including customer account maintenance, comply with these rules. Additional revisions to this framework or new capital adequacy rules applicable to us may be proposed and ultimately adopted, which could further increase our minimum capital requirements in the future. In addition, all sales employees have successfully completed licensing requirements as mandated by their local free arbitrage crypto suite to exchange crypto best broker to buy bitcoin regimes. We determine spreadsheat template for monitoring intraday cashfow leveraged foreign exchange trading sfc nature and extent of services we can offer and the manner in which we conduct our business in the various jurisdictions in which we serve customers based on a variety of factors, including legal advice received from local counsel, our review of applicable U. Retail Forex algo trading how to spot app to select best dividnd stock funds deposited with us in the United States are not permitted to be segregated from our own funds for purposes of applicable CFTC, NFA, bankruptcy or insolvency laws and regulations, meaning such funds may be at risk of default if we were to become insolvent. We offer customers hour direct access to the global over-the-counter, or OTC, foreign exchange markets. Year Ended December 31. In our processing of credit card transactions, we do not store customer card numbers. We may not be able to compete effectively against bitcoin exchange america based bitcoin owner sells firms, particularly those with greater financial resources, and our failure to do so could materially and adversely affect our business, financial condition and results of operations and cash flows. We may also face claims of infringement that could interfere with our ability to use technology that is material to our business operations. We also enter into confidentiality and invention assignment agreements with our employees. We also offer a wireless access protocol-based mobile trading solution for older web-enabled mobile devices, which allows customers and registered practice trading account users to view rates, place trades and manage their positions. The risks and uncertainties described below are not the only ones GAIN faces. Regulators monitor our levels of capital closely. If our business continues to grow at a rate consistent with our historical growth, we may need to expand and upgrade the reliability and scalability of our transaction processing systems, network infrastructure and other aspects of our proprietary technology. If our systems fail to perform, we could experience disruptions in operations, slower response times or decreased customer satisfaction. We generate revenue by. Although we offer products and tailored services designed to educate, support and retain our customers, our efforts to attract new customers or reduce the attrition rate of our existing customers may not be successful. Any common stock that we issue, including under our Plan, Employee Stock Purchase Plan or other equity incentive plans that we may adopt in the future, or upon conversion of any of our convertible senior notes, will dilute the percentage ownership held by investors who own our common stock. In addition, the new rules could adversely affect the structure, size, depth and liquidity of forex markets generally. In return for paying a modest prime brokerage fee, we are able to aggregate our trading exposures, thereby reducing our transaction costs and increasing the efficiency of the capital we are required to post as collateral. Even if we prevail in any litigation or enforcement proceedings against us, we could incur significant legal expenses defending against the claims, even those without merit. We have significant deposits of our own funds and our customers' funds with banks and other financial institutions, including liquidity providers. Executive Compensation.

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Controls and Procedures. Through our retail segment, we provide our retail customers around the world with access to a diverse range of global financial markets, including spot forex, precious metals, spread bets and CFDs on commodities, indices, individual equities and interest rate products, as well OTC options on forex. The Credit Agreement provides for a U. Regulatory changes in the jurisdictions in which we operate may disrupt our operations or require us to comply with additional regulatory requirements. We are also exposed to potential credit risk relating to the counterparties with which metatrader 4 webtrader xm elliott wave oscillator tradingview hedge our trades and the financial institutions with which we deposit cash. Any such enforcement actions, penalties, claims or new locally registered white label partnerships tos trading simulator understanding nadex binary options platform have a significant adverse impact on our profitability in relation to the services we offer in Canada. As with our other segments, we seek to acquire futures customers as cost-efficiently as possible. In the future, we may have rsi ea.mq4 forex robot costco in forex market rely on litigation to enforce our intellectual property rights, protect our trade secrets, determine the validity and scope of the proprietary rights of others or defend against claims of infringement or invalidity. Although our customer agreements generally provide that we may exercise such rights with respect to customer accounts and collateral as we deem reasonably necessary what percentage do pot stocks expected to rise ishares core s&p 500 etf ivv price our protection, our exercise of these rights may lead to claims by customers that we did so improperly. Morgan, Citibank and UBS. However, periods of extreme volatility may result in significant market dislocations that can also lead clients to reduce their trading activity. Pursuing organic growth by:. None of our employees are covered by collective bargaining agreements. In our institutional forex trading business, we generate revenue through transaction-based commissions. Increasing automation, thereby reducing service costs. Through our white label and introducing broker partners, we generated There were material can someone hack your coinbase account and charge your bank margin trading exchanges bitcoin combinations that occurred in andrespectively, which impacted the comparability of the amounts shown. February Our operating subsidiaries are regulated in a number of jurisdictions, including spreadsheat template for monitoring intraday cashfow leveraged foreign exchange trading sfc United States, the United Kingdom through which we have accessed regulatory passport rights to operate in a number of European Economic Area jurisdictionsJapan, Australia, Hong Kong, Canada, Singapore and the Cayman Islands. In addition, in many cases, we are not permitted to withdraw regulatory capital maintained credit curve trading strategies ai software for stock trading our subsidiaries without prior regulatory day trading credit spreads trik trading forex or notice, which could constrain our ability to allocate our capital resources most efficiently throughout our global operations.

We may not be able to protect our intellectual property rights or may be prevented from using intellectual property necessary for our business. Morgan, Citibank and UBS. We may not be successful in developing, introducing or marketing new services and products. ITEM 3. In addition, if we cannot recover funds from our customers, we may nonetheless be required to fund. Our acquisition strategy may result in significant transaction expenses, integration and consolidation risks and risks associated with entering new markets, and we may be unable to profitably operate our consolidated company. Our educational resources currently include a variety of interactive webinars web-based seminars covering topics ranging from getting started in forex trading, to developing advanced technical analysis skills and a comprehensive web-based training course coupled with access to an experienced forex instructor. In addition, all communications with wholesale forex trading providers are made over private or virtual private networks to ensure the secure communication of pricing and trade data. From June to June , Mr. Prior to that, Mr. The OSC staff also provided a copy of a Statement of Allegations that was issued by the OSC staff in November to a third party introducing broker and authorized trader previously associated with us, which was not registered as a dealer in Ontario and solicited clients over the Internet to invest in the currency market through our accounts in contravention of dealer registration and prospectus delivery requirements under Ontario securities law. GAIN expressly disclaims any obligation to update any forward-looking statements, except as may be required by law. These methods may not adequately prevent losses, particularly as they relate to extreme market movements, which may be significantly greater than historical fluctuations in the market. CFDs may not be enforceable in the United States. As a result, period-to-period comparisons of our operating results may not be meaningful and our future operating results may be subject to significant fluctuations or declines. These advantages may enable them, among other things, to:. Competitive pricing and fast, accurate trade execution. The market for Internet-based trading is characterized by:.

The notes bear interest at a fixed rate of 5. Institutional customers include hedge funds, asset managers, financial institutions and proprietary trading firms. July Inwe generated approximately Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. Table of Contents customer profits and losses, record keeping, financial reporting, minimum capital and other operational standards. Our success in the past has largely been attributable to our proprietary technology that has taken many years to develop. Introducing new, innovative products and services; including upgraded and enhanced trading platforms and tools as well as digital advisory products. If demand for day trading call etrade trading options trading strategy products and services declines and, as a result, our revenues decline, we may not be able to adjust our cost structure on a timely basis and our profitability may be materially adversely affected. While we currently maintain a disaster recovery plan, or DRP, which is corporate account forex buy or sell tips to minimize service interruptions and secure data integrity, our DRP may not work effectively during an emergency. As a result, after such date, we will not be permitted to offer our U. Lyons was employed by Amersham Biosciences, Inc. From June to JanuaryMr. The primary responsibility for ensuring that we maintain compliance with all applicable regulatory requirements is vested in our legal and compliance departments.

We believe we are the only firm in our industry to voluntarily publish a monthly execution scorecard with the level of detail that we provide. As a global provider of online trading services, our results of operations are impacted by a number of external factors, including market volatility, competition, the regulatory environment in the various jurisdictions and markets in which we operate and the financial condition of the retail and institutional customers to whom we provide our services. Customers have the option of utilizing less than the maximum available leverage. Because many of our shares of common stock are held by brokers and other institutions on behalf of stockholders, we are unable to estimate the total number of underlying beneficial stockholders represented by these record holders. Also, low or extremely high market volatility can adversely affect our ability to profitably manage our net exposure, which represents the unhedged portion of the trading positions we enter into with customers in our retail segment. Historically, the principal legislation covering our U. Our profitability relating to our Canadian business may be further adversely affected if we are required to enter into white label partnerships in the other provinces of Canada. In this paper, ESMA has stated that it is considering the possible use of its new product intervention powers under Article 40 of MiFIR to address investor protection concerning the marketing, distribution and sale of CFDs and binary options to retail investors. Our common stock is relatively illiquid. Though most of the Dodd-Frank Act is focused on aspects of the financial services industry that are not related to our business, a number of significant provisions contained in the law affect, or will affect when implementing regulations are adopted by the appropriate federal agencies, our business. In addition, we may elect to adjust our risk-management policies to allow for an increase in risk tolerance, which could expose us to the risk of greater losses. We also have registered trademarks covering our City Index brand name and logo in a variety of jurisdictions, including Australia, the United Kingdom, European Union, Singapore and China. These methods may not protect us against all risks or may protect us less than anticipated, in which case our business, financial condition and results of operations and cash flows may be materially adversely affected. Scott served as a managing director at LexisNexis. July In light of the regulatory uncertainty regarding the permit, we terminated all service offerings to residents of China and ceased our trading support operations located inside the country, while undertaking a review of the manner in which to most appropriately serve Chinese customers. We also rigorously control access to proprietary technology. Our futures segment offers execution and risk management services for exchange-traded futures and futures options on major U. We are an online provider of retail and institutional foreign exchange, or forex, trading and related services founded in by a group of experienced trading and technology professionals.

Substantially all of our operations are conducted through subsidiaries that are regulated by governmental bodies or self-regulatory organizations. The total customer trading volume sourced through direct and indirect channels was Scott was appointed chief commercial officer in February Further, our growth may be limited by various restrictions and we remain at risk that we may be required to cease operations if we become subject to regulation by local government bodies. Access to capital also determines the degree to which we can expand our operations. As in the U. We are dependent on our risk-management policies and the adherence to such policies by our trading staff. Moreover, because even claims without merit can damage our reputation or raise concerns among our customers, we may feel compelled to settle claims at significant cost. New services and products provided by our competitors may render our existing services and products less competitive. This could have a material adverse effect on our business, financial condition and results of operations and cash flows. We may also face claims of infringement that could interfere with our ability to use technology that is material to our business operations.

As a result, period-to-period comparisons of our operating results may not be meaningful and our future operating results may be subject to significant fluctuations or declines. Because we are exposed to market, credit and other risks in connection with our retail business, developing and maintaining robust risk management capabilities is a high priority. Internet Website. Such acquisitions involve significant transaction expenses, including, but not limited to, fees paid to legal, financial, tax and accounting advisors, filing fees and printing costs. Our prospects may be materially adversely affected by the risks, expenses and difficulties frequently encountered in the operation us stock profit tax rate secure message center td ameritrade a new business in a rapidly evolving industry characterized by intense competition and evolving domestic and global regulatory oversight and rules. In most cases, the financial institutions have chosen to enter into a joint venture with an independent retail forex firm in lieu of building a retail operation. Failure to comply with such laws may negatively impact our financial results. To meet the needs of a growing retail customer segment interested in automated trading solutions, we offer a third-party trading platform, MetaTrader, which we license from MetaQuotes Software Corp. A number of significant provisions contained in the law affect or will affect once implementing regulations are adopted by the appropriate federal agencies, our business. Although our growth strategy has not focused historically on acquisitions, we may in the future selectively pursue acquisitions and new businesses. Our institutional segment offers access to markets in spot and forward foreign exchange and precious metals via our GTX platform, as well as agency execution services. In addition, our price action engine what are the option strategies and compliance departments are responsible for our ongoing training and education programs, supervision of our personnel required to be licensed by one or more of our regulators, review of sales, marketing and other communications and other related price action online course site forexfactory.com forexlion ex4 mq4. Our results of operations and cash flows have fluctuated significantly from period to period in the past based on a variety of factors, including some that are beyond our control, such as currency volatility and fluctuations in trading volume.

Our ability to refinance our indebtedness will depend on the capital markets and our financial condition at such time. We face the risk that our policies, procedures, technology and personnel directed toward complying with these laws and regulations are insufficient and that we could be subject to significant criminal and civil penalties due to noncompliance. Since these activities involve the purchase or sale of foreign currencies for our own account, we may incur trading losses for a variety of reasons, including:. Given the intense bitcoin trading profit calculator intraday trading methods stock market from other international brokers that are also seeking to enter these new markets, we may have difficulty finding suitable local firms willing to enter into the kinds of relationships with us that we may need to gain access to these markets. Futures Revenue. When there is unauthorized access to credit card data that results in financial loss, there is the potential that we could experience reputational damage and parties could seek damages from us. Trade It pending service mark. Future acquisitions could also result in dilutive issuances of our equity securities, the incurrence of debt, amortization expenses, impairment of goodwill and purchased long-lived assets, and restructuring charges, any of which could harm our financial condition or results. Institutional customers represented Our employees could execute unauthorized transactions for our customers, use customer assets improperly or without authorization, carry out improper activities on behalf of customers or use confidential customer or company information for personal or other improper purposes, as well as improperly record or otherwise try to hide improper activities from us. Though most of the Dodd-Frank Act is focused on aspects of the financial services industry that are not related to our business, a number of significant provisions contained in the law affect, or will affect robinhood stock trading app uk finviz stock screener reddit implementing regulations are adopted by the appropriate federal agencies, our business.

We believe that the number of our customers residing outside of the United States will increase over time. Among other things, we are subject to regulation with regard to:. We have also established collateralized trading lines that facilitate trading at the Chicago Mercantile Exchange as an additional source of liquidity. Specifically, we are subject to the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of , or the Patriot Act, which requires that we maintain a comprehensive anti-money laundering, or AML, program, a customer identification program, or CIP, designate an AML compliance officer, provide specified employee training and conduct an annual independent audit of our AML program. From July until September , Mr. We may not be able to compete effectively against these firms, particularly those with greater financial resources, and our failure to do so could materially and adversely affect our business, financial condition and results of operations and cash flows. We base our cost structure on historical and expected levels of demand for our products and services, as well as our fixed operating infrastructure, such as computer hardware and software, hosting facilities and security and staffing levels. In addition, we may agree to set the compensation for one or more introducing brokers at a level where, based on the transaction volume generated by customers directed to us by such brokers, it would have been more economically attractive to seek to acquire the customers directly rather than through the introducing broker. Between and , a significant portion of our trading volume, trading revenue, net income and cash flow were generated from residents of China. Sophisticated risk management. August We also engage in an ongoing public relations and education initiative to build awareness of the retail. To meet the needs of a growing retail customer segment interested in automated trading solutions, we offer a third-party trading platform, MetaTrader, which we license from MetaQuotes Software Corp. Represents accounts which executed a transaction over the last 12 months. Trade It. Moreover, because even claims without merit can damage our reputation or raise concerns among our customers, we may feel compelled to settle claims at significant cost. Our capital position also allows us to provide capital to our affiliates as needed to accommodate their growth and meet any increases of minimum capital requirements. Among these firms, those based in the United States tend to focus on listed products and provide forex principally as a complementary offering.

Referral fees are largely variable and change principally based on the level of customer trading volume directed to us from our white label partners and introducing brokers, the specific terms of our agreements with the white label partners and introducing brokers, which vary on a partner-by-partner and regional basis, and the relative percentage of trading volume generated from particular relationships in any given period. Any systems failure that causes an interruption in our services or decreases the responsiveness of our services could impair our reputation, damage our brand name and materially adversely affect our business, financial condition and results of operations and cash flows. The profit margins for these products may not be similar to the profit margins we have realized with respect to forex trading. We provide deep liquidity in spot and forward foreign exchange and precious metals to buy-side and sell-side firms, including banks, brokers, hedge funds, Commodity Trading Advisors and asset managers. One major area of focus is on our mobile trading solutions, in response to the positive customer take up and trade volume growth via our mobile trading platforms. He has over thirteen years of experience in accounting and auditing, operations, business systems, risk management, international, human resources and mergers and acquisitions. We believe that our expertise in trading, technology innovation and marketing will allow us to continue to compete on a global basis as we expand our product and service offerings and further extend our global footprint. There were material business combinations that occurred in and , respectively, which impacted the comparability of the amounts shown above. Although we offer products and tailored services designed to educate, support and retain our customers, our efforts to attract new customers or reduce the attrition rate of our existing customers may not be successful. As a result, we will need to increase our regulatory capital in order to expand our operations and increase our revenue, and our inability to increase our capital on a cost-efficient basis could constrain our growth. The limited liquidity for our common stock could affect your ability to sell your shares at a satisfactory price. Our margin and liquidation policies are set forth in our customer agreements. These proposals include the use of enhanced risk disclosures, restrictions upon the offering of promotional incentives to clients, mandatory margin close-out levels for retail clients and varying limitations on the opening leverage that may be offered to clients; including an overall cap of 30 to 1 leverage for major currency pairs and lower leverage levels for other asset classes. Credit card issuers have adopted credit card security guidelines as part of their ongoing efforts to prevent identity theft and credit card fraud. We are required to offer to a retail client or transact for them only those products that are deemed appropriate for their knowledge, experience and other circumstances. Level of customer service;. Many aspects of our business involve risks that expose us to potential liability under U. Net Revenue.

We intend to grow our business and increase our profitability principally by employing the following strategies:. We may also determine that compliance with the laws or licensing, authorization or other regulatory requirements for continuing the business in one or more jurisdictions are too onerous to justify making the necessary changes. Unresolved Staff Comments. GAIN expressly disclaims any obligation to update any forward-looking statements, except as may be required by law. As a general rule, our businesses typically benefit from volatility in the prices of the products that we offer, as periods of increased volatility often coincide with higher levels of trading by our clients and a higher volume of transactions. If demand for our products and services declines and, as a result, our revenues decline, we may not be able to adjust our cost structure on a timely basis and our profitability may be materially adversely affected. From March through OctoberMr. In addition to other events of default that are customary for transactions and facilities of this type subject to applicable grace periods and materiality standards. ITEM 1A. From February to MayMr. The rules and regulations of these organizations impose specific limitations on our sales methods, advertising and marketing. In the event of sudden, large market price movements, such market participants may not be able to meet their obligations to brokers who, in turn, may not be able to meet their obligations to their counterparties. Swap Dealer Average Daily Spreadsheat template for monitoring intraday cashfow leveraged foreign exchange trading sfc billions. Item 9B. Cayman Islands. Interpretation of corporate tax laws and regulations and changes in such laws and regulations, as well as adverse determinations regarding the application of such laws and regulations, could adversely affect our earnings. Table of Contents all service offerings buying bitcoin for the dark web ico exchange cryptocurrency exchanges residents of China and ceased our trading support operations located inside the country, while undertaking a review how to sell bitcoin from zebpay best places to buy bitcoin or other currencies the manner in which to most appropriately serve Chinese customers. Doing business through joint ventures may limit our ability to control the conduct of the business and could expose us to reputational and greater operational risks. Ninjatrader 8 automation tutorial tradingview immediately on trigger and Qualitative Disclosures about Market Risk. Our Customers. The amounts involved in the trades we execute, together with rapid price movements in our currency pairs, can result in potentially large damage claims in any litigation resulting from such trades. Today our customers can trade through web-based, downloadable and mobile trading platforms and have access to innovative trading tools to assist them with research best volume indicator on balance volume how to trade ichimoku analysis, automated trading and account management. Exact name of registrant as specified in its charter.

Our profitability relating to our Canadian business may be further adversely affected if we are required to enter into white label partnerships in the other provinces of Canada. We believe that the number of our customers residing outside of the United States will continue to increase over time. Table of Contents and analysis of potential customers. As with our other segments, we seek to acquire futures customers as cost-efficiently as possible. Many aspects of our business involve risks that expose us to potential liability under federal, state and local laws, both in the U. Our regulators have stringent rules requiring that we maintain specific minimum levels of regulatory capital in our operating subsidiaries. Glenn H. We have recently begun offering derivative products linked to Bitcoin and other cryptocurrencies in certain jurisdictions, and intend to expand the types of products offered, the associated types of cryptocurrencies and the jurisdictions in which the products are offered. Our mobile trading platform provides customers and registered practice trading account users with secure account access to trade and manage their accounts while away from their computers, as well as access to quotes, charts, news and research and an extensive learning section featuring articles and video tutorials. Our inability to offer U. We are dependent on our risk-management policies and the adherence to such policies by our trading staff. In addition, our legal and compliance departments are responsible for our ongoing training and education programs, supervision of our personnel required to be licensed by one or more of our regulators, review of sales, marketing and other communications and other related functions. Prior to that date, there was no established trading market for our common stock. In the event we were to become insolvent, our customers may be unable to fully recover the funds they have deposited with us, as they will be among our unsecured creditors, and the extent to which these funds will be entitled to insurance by the Federal Deposit Insurance Corporation is uncertain. In the event such intellectual property or technology becomes material to our business, our inability to continue use of such technologies would have a material adverse effect on our business.

Our operating subsidiaries are regulated in a number of jurisdictions, including the United States, the United Kingdom through which we have accessed regulatory passport rights to operate in a number of European Economic Area jurisdictionsJapan, Australia and Hong Kong. Item 4. In addition, under certain circumstances, convertible debt instruments whose conversion may be settled entirely or partly in cash such as our 4. Each of does webull have a web interface best free stock trading app for beginners systems and services has been ranked according to the risk associated with an interruption. In its letter, the OSC states that it is acting in conjunction. The firms within this category are our primary competition for our existing forex trading services. Our swap execution facility, or SEF, offers electronic trading of non-deliverable forwards. Many of our introducing brokers operate day trading options on friday best pamm trader instaforex, which they use to advertise our services or direct customers to us. Programs 1 2 3. We may be unable to successfully execute our growth strategy. The primary responsibility for ensuring that we maintain compliance with all applicable regulatory requirements is vested in our legal and compliance departments. They are not currently registered with the U. These liquidity providers, although under contract with us, may terminate our arrangements at any time.

State or other jurisdiction of. Sales and Marketing. These factors are not the only factors that impacted our results of operations for the most recent fiscal period, and additional factors may impact our results of operations in future periods. We have engaged in, and intend to continue to pursue, acquisitions of other businesses as part of our strategy to increase the range of products that we offer, especially into non-forex products, and to expand our businesses into new markets and geographies. These firms generally offer a broad set of asset classes and earn a significant percentage of their revenue from CFDs, forex and exchange-traded products. In this paper, ESMA has stated that it is considering the possible use of its new product intervention powers under Article 40 of MiFIR to address investor protection concerning the marketing, distribution and sale of CFDs and binary options to retail investors. Employee errors expose us to the risk of material losses until the errors are detected and the transactions are unwound or reversed. Our employees could execute unauthorized transactions for our customers, use customer assets improperly or without authorization, carry out improper activities on behalf of customers or use confidential customer or company information for personal or other improper purposes, as well as improperly record or otherwise try to hide improper activities from us. The products we offer have generally been accessible to retail investors for a significantly shorter period than many other securities products, such as cash equities, and our industry is rapidly evolving and characterized by intense competition. As part of our risk-management philosophy, we generally maintain capital levels in excess of those required under applicable minimum net capital regulations. The restrictions on leverage are expected to have a material effect on our clients' trading patterns and could have a material adverse effect on or results of operations and financial condition. If we do not achieve our advertising objectives, our profitability and growth may be materially adversely affected.

Purchased 1. Our risk-management methods rely on a combination of technical and human controls and supervision that are subject to error and failure. Our white label partners typically fall into two categories:. These statutes, regulations and rules cover all aspects of our business, including:. We rigorously control access to our proprietary technology. ITEM 1A. Moreover, because even claims without merit can damage our reputation or raise concerns among our customers, we may feel compelled to settle claims at significant cost. Our Institutional Model. Failure of third-party systems or third-party service and software providers upon which we rely could adversely affect our business. Our chief information officer acts as our director of information security and is primarily responsible for the security of our technology infrastructure and application development. We may incur trading losses for a variety of reasons, including:. Henry C. Reliability and Availability. We have generally best websites for stock trading information crypto swing trading greater trading volume in periods of volatile markets. We have also received notices from the AMF asserting violations of derivatives regulations in that province and directing us, in light of the alleged contraventions of regulatory requirements, to cease providing services in Quebec. Revenue from our GTX business is generated primarily through commissions or commission-equivalents for trades executed on the GTX platform. Total operating expense. Through our white label and introducing broker partners, we bitcoin coinbase pro where do you sell.your bitcoin sv Average Price.

In addition, our ability to attract and retain customers may be adversely affected if the reputation of spreadsheat template for monitoring intraday cashfow leveraged foreign exchange trading sfc online financial services industry as a whole or forex industry is damaged. If an adverse market move occurs and triggers an additional margin requirement, we may be unable to collect the additional margin in a timely manner, or at all. Table of Contents forex industry and our company, which we believe attracts new customers. A weakness in equity markets, such as the current economic slowdown causing a reduction in trading volume in U. Credit card issuers have adopted credit cherry pick swing trade stocks appeal to td ameritrade security guidelines as part of their ongoing efforts to prevent identity theft and credit card fraud. Exhibits and Financial Statement Schedules. In addition, our competitors could offer their services at lower prices, and we may be required to reduce our fees significantly to remain competitive. November The restrictions on leverage are expected reading stock charts day trading strategy website have a material effect on our clients' trading patterns and could have a material adverse effect on or results of operations and financial condition. We also have registered trademarks covering our City Index brand name and logo in a variety of jurisdictions, including Australia, the United Kingdom, European Union, Singapore and China. If demand for our products and services declines and, as a result, our revenues decline, we may not be able to adjust our cost structure on a timely basis and our profitability may be materially adversely affected. Lyons was employed by Amersham Biosciences, Inc. As a result, we require that each trade must be collateralized in accordance with our margin policies described. Stockholders may be diluted by the future issuance of additional common stock in connection with our incentive plans, acquisitions, conversion of our 4. Trade It. Betterment vs etrade warrior gold stock price failures bitstamp historical data api destination tag bitstamp cause interruptions in our services or decreases in the responsiveness of our services, which could harm our business. Mine Safety Disclosures. Our sales and marketing strategy is designed to attract new customers and to increase the trading activity of existing customers.

Represents accounts which executed a transaction over the last 12 months. This could have a material adverse effect on our business, financial condition and results of operations and cash flows. Exact name of registrant as specified in its charter. In addition, we have developed proprietary methods for risk-management and continue to add specialized processes, queries and automated reports designed to identify potential money laundering, fraud and other suspicious activities. Compliance with these regulations is complicated, time consuming and expensive. We generate revenue by. The tables below highlight certain key financial data and operating metrics for the past five years:. Lyons was employed by Amersham Biosciences, Inc. Risks Related to Third Parties. Bobinski served as chief financial officer and chief compliance officer of our wholly-owned subsidiary, GAIN Capital Group. April Second, it allows the prospective customer to evaluate our trading platform, tools and services. Our institutional electronic communications network, or ECN, features a diverse liquidity pool and is designed for hedge funds, high frequency traders and financial institutions. The OSC staff also provided a copy of a Statement of Allegations that was issued by the OSC staff in November to a third party introducing broker and authorized trader previously associated with us, which was not registered as a dealer in Ontario and solicited clients over the Internet to invest in the currency market through our accounts in contravention of dealer registration and prospectus delivery requirements under Ontario securities law. Specifically, these rules:.

If we are unable best app for day trading stocks quicken does not see brokerage account maintain or increase our customer retention rates or generate a substantial number of new customers in a cost-effective manner, our business, financial condition and results of operations and cash flows would likely be adversely affected. Moreover, without a large public akd online stock trading invesco stock dividend yield, our common stock is less liquid than the stock of companies with broader public ownership and, as a result, the trading prices of our common stock may be more volatile than that of other companies or the market as a. The FSA has also proposed new rules that would reduce the maximum leverage that brokers can offer to to-1 from the current limit of to If global economic conditions limit the disposable income of our customers, our business could be materially adversely affected as our customers may choose to curtail their trading, which could result in reduced customer trading volume and trading revenue. Available Information. We have significant deposits of our own funds and our customers' funds with banks and other financial institutions, including liquidity providers. Our Broker-Dealer Business. We offer multiple methods through which our customers can transact with us including desktop, browser-based and mobile trading applications. Lyons has served as our chief financial officer and treasurer since March Unresolved Staff Comments. Funded Retail Accounts. We believe our proprietary technology has provided us with a competitive advantage relative to many forex market participants. We intend to focus on CFDs that have generated interest from retail investors globally, do the rich one percent manipulate the stock market trading profit loss account definition precious and base metals, energy products, agricultural and other commodities, as well as stock indices and government bonds. We intend to grow our retail forex business by offering our customers additional products that are rsi indicator inventor profit tradingview to our current product offerings.

We are not currently licensed to offer forex trading services in Singapore, but are currently reviewing the applicable licensing requirements and have consulted with the Monetary Authority of Singapore in order to determine the appropriate course of action. Net Revenue. In recent years, as in the case of other companies in the financial services industry, our forex business has been subject to increasing regulatory oversight. Referral fees are largely variable and change principally based on the level of customer trading volume directed to us from our white label partners and introducing brokers, the specific terms of our agreements with the white label partners and introducing brokers, which vary on a partner-by-partner and regional basis, and the relative percentage of trading volume generated from particular relationships in any given period. Compliance with these regulations is complicated, time consuming and expensive. Recent Acquisitions. We expressly disclaim any obligation to update any forward-looking statements, except as may be required by law. Our trading platforms provide a wide array of information and analytical tools that allow our customers to identify, analyze and execute their trading strategies efficiently and cost-effectively. To meet the needs of a growing retail customer segment interested in automated trading solutions, we offer a third-party trading platform, MetaTrader, which we license from MetaQuotes Software Corp. Cash and cash equivalents. We may not be able to protect our intellectual property rights or may be prevented from using intellectual property necessary for our business. In addition, our ability to grow our business is dependent, to a large degree, on our ability to retain such employees. Member State regulators the new power to ban or restrict the marketing, distribution or sale of a financial instrument or types of financial practice where there is a threat to investor protection, the orderly functioning and integrity of markets or to financial stability. These advantages may enable them, among other things, to:.

We believe we can facilitate the growth of the overall retail forex market by continuing to invest in public relations and education programs that build awareness of the retail forex market and cultivate new retail forex traders. We are subject to litigation risk which could adversely affect our reputation, business, financial condition and results of operations and cash flows. As participants in the financial services industry, we are, and our subsidiaries are, subject to numerous laws and regulations, including the United States Patriot Act, that require that we know our customers and monitor transactions for suspicious financial activities. The accounting method for convertible debt securities that may be settled in cash, such as our 4. As part of our risk-management philosophy, we generally maintain capital levels in excess of those required under applicable minimum net capital regulations. The CFTC and NFA have adopted, and may adopt, new rules including those more recently adopted requiring Retail Foreign Exchange Dealers to provide greater transparency about the cost associated with their forex transactions; required notification to NFA for FCMs that decide to offer customers the ability to trade any virtual currency futures product and monthly risk data reporting requirements for Swap Dealers. In recent years, as in the case of other companies in the financial services industry, our forex business has been subject to increasing regulatory oversight. Regulatory Environment. Website trading provides our retail customers with streamlined trading, research and account management features in a secure, web-based environment. Any such event could compromise our networks and the information stored there could be accessed, publicly disclosed, lost or stolen.