Retail Forex
FXCM Inc. Announces Second Quarter 2011 Results and July Operating Metrics – Revenues up, Volume down
11
2011
Highlights: Second quarter 2011 revenues of $103.4 million, up 9% from first quarter 2011 and 7% versus the same period in 2010 Adjusted Pro Forma EBITDA of $28.5 million, up 12 % from first quarter 2011 and down 19% versus …
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CFTC releases Q2 2011 financial data – overall retail forex deposits are $9 million lower
11
2011
CFTC requires all its members to submit their own capital reports and for members (RFEDs and FCMs) the amount of retail forex obligations. For some reason this report wasn’t made public since April and now CFTC made available the monthly reports for May, June and July. This allows us to track the amount of retail forex obligations for all US retail forex brokers.
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Continuing our coverage of the emerging retail forex markets below is the 2nd part of our Australia retail forex market coverage. This time we interview Chris Reynolds the COO of Go Markets – one of Australia’s larges retail forex brokers.
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Federal Court Finds that Gary and Brenda Martin and Queen Shoals Consultants Defrauded Customers in Forex Scheme
9
2011
Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) announced that it obtained a federal court consent order finding that defendants Gary D. Martin and Brenda K. Martin (the Martins) of St. Augustine, Fla., and their company, Queen Shoals …
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Last year I wrote about the rise of spread comparison tools. The first and probably still the most popular was FX Intelligence.
However since then popularity of these sites hasn’t really grown much, in fact new traders are not obsessed with how low spreads are and experienced traders prefer execution over spreads or already know where to go.
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iFOREX Brokerage, a financial service provider was given a suspension order mid July 2011 by the Hungarian Financial Supervisory Authority (FSA). It was also issued a fine of $100,000 for not having proper risk management for clients in place. Since …
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The Turkish Lira had a major downturn as the central bank reduced interest rates. The Lira dropped 2% against the dollar as the benchmark rate was lowered by 50 bps to 5.75%. Turkey’s economy has been flourishing as it saw …
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India’s automated trading environment is growing rapidly. The bulk of volumes have been in top 50 stocks including Bharti Airtel, Reliance and Tata Consultancy Services. Volumes are estimated at around 18% with large institutional investors making up most of he transactions. India’s markets are gradually developing infrastructure to compete with major financial hubs like Singapore where algorithmic trading makes up around 60% of daily volumes in equity markets.
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The Greenback trading against the Yen saw a 3% spike today on the back of the central banks decision to sell Yen and buy government bonds to weaken the yen. Japans central bank has been toiling with the currency and …
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