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Client Money Protections CASS

As an FCA regulated entity, Caxton must comply with the Client Assets Sourcebook (CASS) which sets out rules for the treatment, segregation, safeguarding, and strict record keeping of Client Money and Assets. Eligible funds are deposited directly into a segregated account and will be held on trust with a recognised credit institution or qualifying money market fund, separate from Caxton’s corporate funds.

Is my money safe?

These credit institutions and money market funds have specifically acknowledged that the money in these designated accounts belongs to our clients and that they have no right of set-off with any of the firm's balances. In the unlikely event of Caxton getting into financial difficulties, client funds will be excluded from the assets available to our creditors.

It is important to note that spot and forward foreign exchange transactions are not regulated activities. This means that, during the actual settlement process for your FX transaction, your funds are not held in segregated Client Money accounts and is not deemed to be Client Money at that time.