Tag Archives: ibfx
With the Forex Magnates Tokyo Summit coming up soon, Japanese brokers are solidifying their hold as the top destination for FX trading. Last week we saw record volumes being reported in April from GMO Click, the world’s largest retail forex …
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Paxton Powers, VP Technology at Interbank FX, leaves the company to join former CIO
2
2013
Paxton Powers is moving to company called Domo (not forex related) to join former Interbank FX CIO Daren Thayne who is now Domo’s CTO.
If there is a way to cheat clients, they’ll figure it out in the forex industry! The CFTC announced yesterday that the Federal Court of Massachusetts imposed a $600,000 on Jeffrey Liskov and his company EagleEye Asset Management for committing …
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FX trade volumes witnessed a dismal summer with the largest players such as EBS and Reuter’s experiencing trade downfalls of 49% and 30% respectively. FCM figures for August show Retail Assets have increased from a month earlier thus giving positive …
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In July we reported about the increase of forex firms applying for Canadian Investment Industry Regulatory Organization (Canada the Next Destination for FX). As the 11th biggest economy in the world, and average salaries of $41,000, forex brokers have been …
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IBFX rings the changes: consolidates fx under IBFX brand, launches institutional platform and more
17
2012
IBFX was acquired by Tradestation in November 2011 while TradeStation itself was acquired by Monex Group in June 2011. TradeStation launched its own forex unit TradeStation Forex in April 2011. Now we see all this consolidation shaping up: Gary Weiss, …
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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 announcement of the Tradestation – IBFX acquisition deal obviously generated much interest and discussions in the industry. Main question was whether indeed the price was a mere $17 million. Several of my sources mentioned that Gain may have eventually withdrawn from the deal I announced 2 months ago because there is a pending NFA fine against Interbank FX. Apparently IBFX may be soon fined for some execution flaws – however this has not been announced by the NFA yet so we have no way of knowing whether this will eventually happen.
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Couple of months ago I published that Gain Capital is about to acquire Interbank FX after several rounds of discussions with potential investors. In that round Gain remained as the last bidder. This deal however failed at the last moment for reasons not known to me – but not hard to guess that it was a disagreement over final price.
IBFX didn’t give up on trying to be sold and today finally succeeded – TradeStation (which itself was acquired by Japense Monex Group few months back) just announced that it reached an acquisition agreement with IBFX.
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Interbank FX releases a Future of Algorithmic Trading infographic
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