FXCM Seniors Sign Severance Accord, Alpari UK Clients Receive Cash

A few familiar faces in the FX industry dominated the headlines this week with FXCM seniors signing a revised accord to provide a safety net – meanwhile, KPMG dispersed the first wave of account balances to Alpari UK clients.

Interviews

Saxo Bank’s Co-CEO Kim Fournais Talks Equity Trading Ascension

Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates’ reporters spoke to the co-CEO of Saxo Bank, Kim Fournais, about the performance of the company in 2014 and the challenges it faced in the aftermath of the Swiss National Bank’s decision to stop guarding the 1.2000 Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term rate floor in the EUR/CHF currency pair. Read More Here

Key Executive Moves

Stephen Leahy Appointed as Chief Operating Officer at FXPrimus

Stephen Leahy has parted ways with oneZero Financial Systems after nearly two years in a senior position, taking up the position of Chief Operating Officer (COO) at FXPrimus in an expanded global role. Read More Here

Shift Forex Co-Founder, Justin Gilmore Heads to Citadel Securities as eFX Head

Justin Gilmore, one of the co-Founders of Shift Forex, has parted ways with the consultancy and headed to Citadel Securities, where he will work as its newest Global Head of eFX Sales, based out of New York. Read More Here

Trending

FXCM Seniors Sign Revised Founder Severance Agreement

Senior executives at listed currency and CFD broker, FXCM, have signed an amended agreement that protects them in case their employment is terminated, with the four receiving a set remuneration in reference to their salary and bonus. Read More Here

KPMG Disburses First Wave of Account Balances to Alpari UK Clients

An ongoing saga between Alpari UK clients and creditors, as moderated by KPMG, has reached a new turn Tuesday, with the first tranche of clients with negative balances being covered. Read More Here