10.10.2010, 11:28
10.10.2010, 11:28
10.10.2010, 11:58
10.10.2010, 12:11
10.10.2010, 12:16
10.10.2010, 12:25
10.10.2010, 12:30
10.10.2010, 19:29
10.10.2010, 19:34
11.10.2010, 06:36
OCTOBER 10, 2010
Dear Introducing Broker/Money Manager,
After almost 6 years of servicing retail forex traders worldwide, CMS International has decided to leave the direct retail marketplace as a counterparty to retail trades to focus on servicing its Institutional client base. In an effort to provide the highest quality of services to our existing customers, we have made arrangements to transfer the custody and clearing of our accounts to GAIN Capital - Forex.com UK Ltd on October 15th, 2010. Despite the transfer, CMS International will continue to operate in a non-direct manner in the retail space by offering the services of Gain Capital.
You are receiving this email, because your working relationship with CMS International involves retail traders. Over the past 5 years, you have been a critical factor in the significant growth and success of our company. We hope we have met your needs providing tight pricing, and good execution coupled with prompt and professional service. While we are leaving the retail market as your liquidity provider, we will continue to be available to answer any and all questions you may have during the transfer to Gain Capital and thereafter.
Please be aware that your Introducing Broker and Money Manager Agreements with CMS Forex will be assumed by Gain Capital on the transfer date. Your client accounts will officially be moved on Friday, October 15th after the market closes. You will receive corresponding statements and payments from CMS International for all your client trading activity through the close of business on the 15th and payments and reports from Gain Capital –Forex.com Ltd thereafter. A notification communicating these changes will be emailed to all retail customers of CMS International in the coming days.
Your client accounts and IB Agreement will be transferred to Gain Capital’s UK regulated entity. Any and all open positions will be marked to market on CMS Forex’s platforms. The corresponding positions will be re-opened on either Gain Capital UK’s Metatrader or ForexTrader platforms. However, if you are a money manager, all open positions will be closed at the market rate as of 5:00 pm EST on October 15, 2010.
Please note the maximum available margin is 0.5 % (200:1 leverage) for mini accounts and 1 % (100:1 leverage) for standard accounts. Metals will be offered at 100:1. Please note that pending orders will not be reinstated after the transfer. We encourage clients to log into their accounts to setup new orders at their discretion. Further, micro positions will be rounded down to the nearest ten thousand. (ex. a 47,000 EURUSD BUY position will be converted to a 40,000 EURUSD BUY post transfer, a 4,000 AUDUSD SELL position will be closed out and no position will exist.)
We are confident you will find this transition process to be smooth. Additionally, Gain Capital will aptly provide you and your clients with the pricing and technology for continued success. We wish to thank you again for choosing CMS International as your trading solution in the over-the-counter retail foreign exchange market. We wish you and your clients the best of luck trading moving forward with Gain Capital, and we look forward to continuing to service you in our new capacity.
A Gain Capital-FOREX.com Ltd. representative will be contacting you within the next couple of days to provide you with more details on how this change will impact you. Should you have any questions in the meantime, please contact Tom Levine, SVP Institutional Sales at 908.731.0737 or tlevine@gaincapital.com.
Thank you,
The CMS International Team
11.10.2010, 08:14
Bei iphpbb3.com bekommen Sie ein kostenloses Forum mit vielen tollen Extras
Forum kostenlos einrichten - Hot Topics - Tags
Beliebteste Themen: Action, NES, Erde, USA, Air
Impressum | Datenschutz