Lawsuit Against FXDD Dismissed With Prejudice on All Five Counts

NEW YORK, March 2, 2012 /PRNewswire/ -- FXDD, a leader in online Forex trading and education, today announced that the case against the firm was dismissed February 29, 2012 on all counts with prejudice. The United States District Court, Southern District of New York issued the ruling and directed the Clerk to enter judgment and terminate this case.  

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"At FXDD, we take these matters seriously and we protect our hard earned reputation for fairness, integrity and good practices. This lawsuit was without merit and as a matter of law was properly dismissed by Judge Crotty," said James E. Green, FXDD Managing Director and Chief Compliance Officer. "Given the tumultuous economy and its impact on the investment community, it is understandable that some traders may be frustrated with the markets. However, FXDD is not to blame."

The basis of the Plaintiff's claim against FXDD was for alleged unfair business practices impacting customers' profitability. All claims were dismissed with prejudice as of the February 29, 2012 ruling.

About FXDD

FXDD (www.fxdd.com), a Foreign Exchange Dealer registered with the CFTC and a member of the National Futures Association, is headquartered in New York City's 7 World Trade Center.  FXDD is a leader in online Forex trading dedicated to providing superior customer service, powerful trading technology, and reliable streaming liquidity.  FXDD provides services to individual and institutional traders, hedge funds, commercial entities, brokerage firms and money managers around the world.  FXDD offers 24-hour Forex trading by way of its trading platforms, which include: MetaTrader, FXDDTrader, PowerTrader and FXDDAuto.  The Company's services currently provide competitive interbank pricing, no-interest accounts, and fully-automated execution.  FXDD also provides 50:1 leverage in the US, as well as competitive bid-to-ask spreads.

Follow FXDD on Twitter at twitter.com/fxdd and on Facebook at facebook.com/FXDDForex.

SOURCE FXDD

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