Author Archives: Michael Greenberg
Indonesia Commodity and Derivatives Exchange (ICDX) Launches 27 Currency Pair Contracts
20
2012
ICDX joins the likes of DGCX, GBOT, MCX and and SMX in offering currency contracts which are becoming quite popular with some traders. Jakarta (June 20, 2012) – Indonesia Commodity and Derivatives Exchange (ICDX), the leading futures exchange in Indonesia, has successfully …
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Japanese FSA just issued a public statement about FXCM Japan’s trading platform and business conduct and is considering whether to take an action against the company. The action can be stoppage of service for certain period of time or a …
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Major changes at Alpari: Andrey Vedikhin to focus on Group strategy, Daniel Skowronski to take over as UK CEO
19
2012
Alpari is undergoing major restructuring consolidating different business units and subsidiaries under one centralized roof. As part of these changes we are hearing that Andrey Vedikhin, Alpari’s co-founder and UK CEO, will focus on the Group’s strategy while Daniel Skowronski, the …
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Credit Suisse teams up with FXCM in launching FastMatch the new ECN forex platform
19
2012
FXCM and CS partner in co-developing a new institutional platform for forex traders. FastMatch ECN utilizes Credit Suisse’s equities matching engine and FXCM’s forex institutional contacts and experience and strives to deliver a technological advantage for forex traders including brokers, banks and …
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Gain Capital releases investors presentation, mobile usage on the rise – 11% of total retail volume
18
2012
Gain Capital published a presentation for investors on Friday and revealed several interesting facts such as: Mobile: 330% increase in mobile volume over last 12 months 51% of active customers trade on a mobile device 60% more trades 56% higher …
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Although forex industry is highly profitable for some reason most of the profits aren’t invested back in innovation. We don’t see many investments and M&As (except broker mergers) as you’d expect from an industry with such high turnover. The only …
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It seems brokers worldwide are very concerned with the outcome of the Greek elections taking place this coming Sunday, June 17th. Yesterday Saxo Bank announced that it’s doubling the required margin for the CHF currency. The concern is that Greek …
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The Group expects to report trading revenue of £366.8m excluding the discontinued Sport business (2011: £312.7m), representing growth of 17% over the comparative period. The UK had a strong quarter with revenue growth of 13%, primarily driven by growth in revenue …
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FXCM just made a huge move forward in its forray into the institutional forex market by acquiring Lucid Markets, the secretive institutional fx market maker. Lucid is considered to be one of the biggest market makers and feed providers in …
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ICANN (Internet Corporation for Assigned Names and Numbers) has opened up new Internet domain names allowing anyone to buy generic domains such as .forex and others. IG Group was the most active broker by applying for no less than 7 …
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