"What Really Matters? Executives Talk," Preview of Forex Magnates QIR1 2014 Research

As part of our update for the last quarter, and amid recent developments relevant to the retail foreign exchange industry, 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 investigated what the number one priority for several U.S headquartered brokers that operate globally.

We met with senior executives at online retail FX companies and visited the New York offices of FXCM, FXDD and OANDA Corporation.

Forex Magnates met with OANDA’s recently appointed Chief Strategy Officer (CSO), Vatsa Narasimha, who has also taken on the responsibilities of the role as Chief Financial Officer (CFO) for the firm, as explained to our reporters during the interview.

We interviewed Drew Niv, Chief Executive Officer of FXCM, who co-founded what is now one of the top-ten largest retail FX brokerages by volume, and a nearly $700 million worth public company with around 850 staff as of December 2013. After meeting with FXCM, Forex Magnates met with Joseph Botkier, Chief Executive Officer of FXDD, at the company's head office in New York. Mr. Botkier has a distinguished background in FX, having managed trading desks for major dealers over the last few decades, prior to joining FXDD as CEO, and he provided views to our main research question as part of the meeting.

We posed the same research question to all three executives, a question that all managers should be asking themselves: What is the most important factor that drives my business forward? Interestingly, a common thread could be found in the answers given by different executives, in individual interviews.

The full article and many more articles containing exclusive interviews, research and data compiled during Q1 2014 is available from the Forex Magnates' website via electronic delivery, and parties interested in purchasing the full report can contact us directly.