How Is Your Forex Broker Doing Two Weeks after the SNBomb?
- The FX industry is still feeling the aftershock of the debilitating surge of volatility triggered by the Swiss National Bank's landmark decision just two weeks ago - market participants and brokers are now in damage assessment mode.
The FX industry is still feeling the aftershock of the debilitating surge of volatility triggered by the Swiss National Bank's landmark decision just two weeks ago - market participants and brokers are now in damage assessment mode, following earlier shut downs and deployment of Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, .
While every market development within trading giants like Alpari UK, FXCM and Saxo Bank were scrutinized by both the public and the mass media, in the last couple of days we have witnessed additional market movements.
On the brokers' side, LQDMarkets has announced it is filing for bankruptcy, following losses and a drastic drop in clientbase incurred by the crisis. FXpro, on the other hand, has declared what it boasts to be a bold move of cutting spreads, trying to leverage the current market uncertainty to gain new clients.
In the prime brokerage space, the shutdown announcement by Boston Technologies has stirred competitors to target former clients, while other players such as Prime Fortress seek new opportunities in the rapidly changing industry landscape.
Two weeks after those dramatic hours of currency surge, 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 Magnates offers readers an updated table with all the latest developments announced by market participants. As always, if you find outdated or inaccurate information, please let us know.
The FX industry is still feeling the aftershock of the debilitating surge of volatility triggered by the Swiss National Bank's landmark decision just two weeks ago - market participants and brokers are now in damage assessment mode, following earlier shut downs and deployment of Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, .
While every market development within trading giants like Alpari UK, FXCM and Saxo Bank were scrutinized by both the public and the mass media, in the last couple of days we have witnessed additional market movements.
On the brokers' side, LQDMarkets has announced it is filing for bankruptcy, following losses and a drastic drop in clientbase incurred by the crisis. FXpro, on the other hand, has declared what it boasts to be a bold move of cutting spreads, trying to leverage the current market uncertainty to gain new clients.
In the prime brokerage space, the shutdown announcement by Boston Technologies has stirred competitors to target former clients, while other players such as Prime Fortress seek new opportunities in the rapidly changing industry landscape.
Two weeks after those dramatic hours of currency surge, 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 Magnates offers readers an updated table with all the latest developments announced by market participants. As always, if you find outdated or inaccurate information, please let us know.