Brokers

IMF Taps Cyprus on the Shoulder, More Structural Reforms & Fiscal Consolidation Needed

6 Comments

The IMF’s executive board, stated that while the country’s government has made progress with structural reforms it still needs more and the financial system remains vulnerable, with 54% non-performing loans.
Read more

TAGS: , , , ,

Compagnie Financière Tradition Reports Mild Fall in Inter-Dealer Revenues While Avalanche Hits Retail

0 Comments

Compagnie Financière Tradition (CFT) reports a mild 2.8% decline in Q3 inter-dealer broking business and a 29.6% YTD decline in consolidated revenue derived from its Japan-based retail FX business, Gaitame.com.
Read more

TAGS: , ,

Breaking: DMM FX Australia Adopts “Ultra-Low Fixed Spreads” on All Trading Pairs

2 Comments

The move raises the question: did FXCM start a new price war between brokers in Australia last week when it switched to a raw spreads model and how low can profits go if brokers will be forced to compete on spreads?
Read more

TAGS: , , , ,

LCG Q3 Interim Statement: 2014 Revenues down 29.5% as Broker Looks Ahead

0 Comments

Is the glass half empty or half full at London Capital Group? In their just issued Interim Management Statement, the broker reported poor revenues for 2014 but that restructuring has them fit for the future.
Read more

TAGS: , , , , ,

Breaking: Plus500 Ltd Reports Revenues Higher by 23% QoQ to $56.2m, Shares Soar 9%

0 Comments

While average acquisition costs per user remained flat at $1005 per customer, the average revenue per user increased by 15% during the quarter, as the number of new clients rose by 17% and revenues totaled
Read more

TAGS: , ,

FXTG Australia Relaunches with a Clean Slate and Streamlined Operations

1 Comments

After going through a deep restructuring process and relaunching under a new brand name, FXTG’s current CEO Stavro D’Amore spoke candidly with Forex Magnates in an extensive interview focusing on FXTG’s future.
Read more

TAGS: , , , , , ,

HKEx Plans to Launch RMB Denominated Aluminium, Zinc and Copper Futures

0 Comments

After one of its subsidiaries was named administrator for platinum and palladium benchmarking, the parent company HKEx announces new aluminium and zinc contracts that coincidentally relate to ongoing legal challenges in the US and UK.
Read more

TAGS: , , , , , , , ,

Strong Summer Trading Boosts Earnings at E*TRADE for Q3 Net Income at $86 Million

0 Comments

Listed financial services provider, E*Trade, reports positive operating metrics for the third quarter of 2014. The brokerage firm announed strong figures in its net income and net revenue.

Read more

TAGS: , ,

Interactive Brokers Suffers Comprehensive Loss in Q3 2014 Due to USD Appreciation of $211 MLN

3 Comments

The decrease in market making profits can also be attributed to lower average volatility, higher global M&A activity and a trading error that resulted in a loss of approximately $16 million during the quarter.
Read more

TAGS: , , , ,

Strong Rebound for Alpari Group in September as Trading Volumes Increase 31.5% MoM

0 Comments

Last year, the total trading volume for the month of September reached $260 billion for Alpari group, meaning that the group suffered about $43 billion drop compared to 2013, coming out at a yearly 16.5% decrease.
Read more

TAGS: , , , ,
 
 

Note: Copyright © 2014 Forex Magnates. All rights reserved.

All materials contained on this site are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of Forex Magnates. You may not alter or remove any trademark, copyright or other notice from copies of the content. All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at Forex Magnates are those of the individual authors and do not necessarily represent the opinion of Forex Magnates or its management. Forex Magnates has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur. Any opinions, news, research, analyses, prices or other information contained on this website, by Forex Magnates, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. Forex Magnates will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

©2014 "Forex Magnates Inc. - Home of the Forex Elite" All Rights Reserved.