Author Archives: Michael Greenberg
Alpari US announces the launch of the JForex PAMM system powered by Dukascopy. Alpari US licensed Dukascopy JForex platform last year as due to Dodd-Frank rules Dukascopy was required to stop accepting US clients. Dukascopy had to decide what to …
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Saxo Bank, the online trading and investment specialist, announced today, after its board meeting, the Bank’s new Chairman of the Board. Dennis Malamatinas, currently Deputy Chairman of the Board, takes over from Kurt K. Larsen who has been chairman since …
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We discussed this few weeks ago with Sameer Bhopale FXCM’s CMO. FXCM’s app store intends to provide traders with the most useful and popular applications as well as allowing and helping developers create their own apps and distribute them. The …
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Preliminary statement for the year ended 31 March 2012 Review of operations For the year ended 31 March 2012, the Group reported revenue of £1,681 million, 3% below the prior year. Uncertainty in the Eurozone and constraints on market liquidity …
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In a case submitted to the United States district court for the eastern district of Tennessee the group of 12 Plaintiffs claims that it was defrauded by IBFX (now subsidiary of TradeStation) and a money manager named Luis H. Rivas for about $25 million. The Plaintiffs claim two things – that …
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The decline in institutional forex volumes continued in April as all major brokers reported a further decline. Volumes hit historic lows in December 2011 and haven’t recovered since except what now seems a short-term spike in March 2012. HotSpot weathers …
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Canada recently started requiring forex brokers to register with its local agencies. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. Even Canadian based powerhouse OANDA had to recently …
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Total amount of retail forex obligations for all reporting US brokers (except Citi, IB, etc) grew by more than $22 million. Despite the unprecedented low volatility this growth is not surprising: client assets pile up because clients are not trading and not …
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Following its Q1 2012 Report yesterday Gain Capital released its quarterly earnings presentation and as usual we can find few interesting facts there: Retail Trading Revenue per Million dropped almost 50% in 2 years from $144.4 in Q1 2010 to …
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