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Author Archives: Michael Greenberg

China Union Pay processing is available for forex again

Feb
11
2012
Posted by Michael Greenberg in Brokers
2 Comments

FXOpen just announced that China Union Pay is once again available for forex processing. China Union Pay, one of the only available methods of processing forex deposits from China, unexpectedly suspended processing of forex deposits on October 2011. The official announcement mentioned …
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LCH.Clearnet repots healthy growth in its 2011 results

Feb
10
2012
Posted by Michael Greenberg in Electronic Trading
0 Comments

LCH.Clearnet Group Limited (LCH.Clearnet) today announces its results for the year ended 31 December 2011. Financial highlights Underlying net revenues up 16% to €387.2 million (2010: €335.0 million) Underlying operating profit up 81% to €106.9 million (2010: €58.9 million) Clearing …
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InterForex – Another foreign forex broker settles with the CFTC

Feb
10
2012
Posted by Michael Greenberg in Regulation
0 Comments

Similar to FXOpen which settled similar case in January 2012 and unlike InstaTrade and ZTrade who didn’t settle but were penalized, InterForex settled the case with CFTC for accepting US forex traders. InterForex through its lawyer Felix Shipkevich entered into …
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FXall successfully completes IPO, priced well below the range, rises 14.5%

Feb
9
2012
Posted by Michael Greenberg in Brokers
1 Comments

FX Alliance (or FXall in short) successfully completed its anticipated IPO today. FXall trades on NYSE under the FX ticker. FXall had to slash its offered price to $12.00 from the originally expected range of $13.50-$15.50 to be able to …
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Metaquotes announces integration of its Metatrader 5 platform and CitiFX Pro’s liquidity

Feb
9
2012
Posted by Michael Greenberg in Executing Venue,Software Developers
4 Comments

This is interesting piece of news. This is probably the first time Metaquotes performs an integration with a broker. Up until now Metaquotes only actively integrated with exchanges and Metatrader platforms had to be integrated with broker systems by brokers …
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Go Markets acquired by AIP Global Holdings

Feb
9
2012
Posted by Michael Greenberg in Brokers
1 Comments

Another sign for the boiling Australian forex market: first major broker to be acquired is also Australia’s largest – Go Markets. According to our survey Go Markets had about $25 billion monthly average in trading volume. The Board of AIP …
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MB Trading to charge for High Frequency Message Fee

Feb
9
2012
Posted by Michael Greenberg in Brokers
0 Comments

This was just sent to MB Trading clients. The fee actually makes sense as what they describe here is a ‘toxic’ retail trading flow where traders (especially high-frequency and users of EAs) are sending myriads of orders which clutter the feed …
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NFA fines PFG $700,000; bars it from accepting new IBs for two years for deficient IB practices

Feb
9
2012
Posted by Michael Greenberg in Brokers
2 Comments

Now this is a business killer. NFA just settled with PFG by fining it $700,000 and requiring it not enter into guarantee agreements with IBs for two years subject to an opportunity to request modification of this restriction. Peregrine, Wasendorf, O’Meara …
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MahiFX to launch with its own proprietary platform

Feb
8
2012
Posted by Michael Greenberg in Brokers
0 Comments

MahiFX, a new fx broker operating out of New Zealand, is continuing its interesting pre-launch strategy by ‘leaking’ new details every other month or so. This time its PR unveils some information about its new trading platform and its founders. …
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Media Forex Websites Traffic Survey: Q4 2011

Feb
8
2012
Posted by Michael Greenberg in Traders
5 Comments

As every quarter part of the Forex Magnates Quarterly Report is the survey of top forex media websites for Q4 2011. More detailed information is found inside the report. Media forex traffic growth trend experienced in Q3 2011 continued well …
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Bitcoin

Executive Moves

Startups & New products
btc.uy

Living in the Future Today: BTC Global & BTC.UY

For BTC Global, bitcoins aren’t viewed as a new currency, but the technology of the future. In their world, digital currencies are swapped, goods are...

eToro Hosts First Israeli Bitcoin Hackathon

The first Israelie Bitcoin hackathon to be held later this month gets an interesting venue, as the event will be held at the Israel offices...

bitpay

Want a Plane? Do You Have Bitcoins? BitPremier & BitPay Raising the Bar

After bringing to the bitcoin marketplace million dollar apartments and sports cars, luxury bitcoin retailer, BitPremier is offering what is most likely the first airplane...

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jason

Jason Gibson Joins Tradenext as Head of Trading

FCA regulated forex broker Tradenext appoints Jason Gibson as Head of Trading, a senior management position in which Mr Gibson will be responsible for the...

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Saxo Bank Launches Saxo TV – Hires Anchorman Owen Thomas

Saxo Bank has announced today the launch of Saxo TV. Led by former Bloomberg News Anchor Owen Thomas, Saxo TV will be providing on-demand trading...

Rod Drown Moves to Cantor Exchange

Rod Drown, former CEO of IG Markets US and most recently Principal, Managing Director at OANDA has moved to Cantor Exchange, where he is leading...

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New Product Spotlight

btc.uySteven Morell, Co-Founder & CPO, BTC Global

Living in the Future Today: BTC Global & BTC.UY

For BTC Global, bitcoins aren’t viewed as a new currency, but the technology of the future. In their world, digital currencies are swapped, goods are sent in the form of emails, and printed by the buyer with a 3D printer.
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ipad protraderprotrader android

New Product Spotlight: PFSOFT Protrader Mobile Platform

In this edition of ‘New Product Spotlight’ we take a look at PFSOFT’s newly launched iOS and Android apps released for it Protrader platform. As a multi-asset platform how does it look on a small screen?
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