Latest
EU regulator warns about unregulated Forex brokers
- The European Securities and Markets Authority (ESMA) has made a strong announcement warning retail investors to be wary of unregulated Forex brokers. The regulator, which is based in Paris, wrote a detailed paper on the subject after investors claimed huge losses in FX and CFD (OTC products).
Tuesday, 06/12/2011 | 12:29 GMT by
Adil Siddiqui
DGCX November volumes rise 121 % year-on-year, currency futures represent 90% of total volume, Alpari gets license to trade for clients
- DGCX currency futures were the main driver of the growth in trading volumes in November accounting for almost 90% of total volumes. Currency futures volumes increased 200 % on last year to touch 396,740 contracts in November 2011. Indian Rupee futures volumes in November reached 379,811 contracts, a substantial increase of 310% from last year’s November volumes.
Tuesday, 06/12/2011 | 10:35 GMT by
Michael Greenberg
CFTC to introduce a rule on investment of customer funds following MF Global's fiasco
- So it only takes half a billion dollars in customer funds to disappear before CFTC takes an action aimed at large FCMs. In the wake of MF Global's fiasco CFTC has finally decided to reintroduce a rule that will limit the investment of customer funds to many instruments thus 'enhancing customer protection'
Tuesday, 06/12/2011 | 10:23 GMT by
Michael Greenberg
FXCM moves retail MT4 support in-house, keeps institutional business with Boston Technologies
- FXCM and BT have certainly had one of the biggest broker-software provider relationships in the past years. BT for about three years now was supplying and supporting all aspects of FXCM's MT4 business - retail and institutional.
Monday, 05/12/2011 | 16:24 GMT by
Michael Greenberg
Metaquotes working on introducing iPhone trading for MT4
- Metaquotes finally started working on iPhone application for Metatrader 4. Metaquotes developed one for Metatrader 5 but since it's still not very popular it had to appease its existing clients and roll out its own version of MT4 iPhone mobile trader. Metaquotes also aims to introduce application for iPad and iPod.
Friday, 02/12/2011 | 11:38 GMT by
Michael Greenberg
F for Forex, F for Finland - a discussion with FinFX
- The world of Forex has been finding its place in every part of the globe, each country can boast at least one Forex trader and now brokers are propping up from all over. FinFX an FX broker based in Finland seems to be pushing the right buttons as they have been successfully positioning themselves as an alternative for FX and in particular EA trading.
Thursday, 01/12/2011 | 22:47 GMT by
Adil Siddiqui
Trading Screen gets FX liquidity boost
- TradingScreen the provider of multi-broker and multi-asset class execution management systems (EMS), has announced that it has added BNP Paribas and Merrill Lynch to its network of foreign exchange (FX) liquidity providers.
Thursday, 01/12/2011 | 15:56 GMT by
Adil Siddiqui
eToro soft launches MT4
- Without any official announcement or promotions eToro have recently soft launched the MT4 platform. While to some it may sounds trivial as it's another broker adding the popular MT4 to the list of its platforms - in case of eToro it's not trivial at all.
Thursday, 01/12/2011 | 13:41 GMT by
Michael Greenberg
FXCM releases browser based version of its Trading Station platform and more robust dailyfx signals
- FXCM introduces it web based version of the award winning FXCM Trading Station platform. FXCM Trading Station Web provides easier access to the forex market, combining uncomplicated trader functionality with an advanced GUI. This advanced web-based platform is fast, robust and exactly what FXCM clients have been asking for.
Thursday, 01/12/2011 | 12:03 GMT by
Michael Greenberg
TradoLogic launches CyberOptions - a Dominican based binary options broker
- It's a binaries day today: TradoLogic announces the launch of another binary options brand. This one, CyberOptions, is operating out of the Dominican Republic which is the first for me as I've never heard of a market there. This may be an interesting opportunity to tackle the Carribean market.
Wednesday, 30/11/2011 | 17:46 GMT by
Michael Greenberg
SpotOption opens an office in Japan where binary options market seems to be heating up
- SpotOption, the largest provider of binary options software according to the latest Forex Magnates Quarterly Report, just announced the opening of its Asian office in Tokyo. Japan is becoming quite the hub for binary option brokers lately as many of them report increasing demand from local traders.
Wednesday, 30/11/2011 | 12:35 GMT by
Michael Greenberg
ActForex launches FXApps - first platform integrated forex applications store
- ActForex one of the largest independent forex platform software providers has just released its FXApps store. FXApps store operates in a similar way to Apple's App Store and can be accessed from ActForex's platform. I caught up with Ilya Sorokin - ActForex's CEO:
Wednesday, 30/11/2011 | 06:32 GMT by
Michael Greenberg
Welcome to the world of NDF's, a catch up with FTechnics
- Spot FX has stolen the fame since the urn of the century - with technology, systems, brokers and traders finding their feet in the $4 trillion a day market. Amongst the midst lies an important component of this arena - NFD's. Non Deliverable Forwards are usually regarded as complex products for complex traders, however the limited growth opportunities in developed markets have opened up doors for FX brokers to explore emerging markets where NDF'S are commonly traded.
Tuesday, 29/11/2011 | 19:52 GMT by
Adil Siddiqui
NFA keeps choking the forex industry - aggressively raises member fees
- NFA is doing an amazingly effective job at spitting in the well it drinks from. In fact NFA behaves not as a regulator but as a controlling shareholder of its members - as it basically does whatever it wants when it comes to requirements and 'membership' fees. NFA just declared a new 'dividend' for itself by aggressively raising membership fees which for some strange reason will now be in the region of 2% of forex broker's gross (!) revenue instead of being a flat yearly fee like up until now. To the best of my knowledge NFA is the only forex dictator regulator charging percentage of volume and/or revenue instead of just charging same membership fee from everyone.
Tuesday, 29/11/2011 | 07:29 GMT by
Michael Greenberg
Tradency launches with Invast Securities in Japan
- Tradency just announced that they scored a major deal for their Mirror Trader platform and will launch it with Invast Securities in Japan. The whole concept of MT4 and algo-trading in forex is relatively fresh in Japan and just started to pick up. This puts Tradency and the more aggressive foreign MT4 brokers in pole position to take a nice cut of the local market share if this trend continues.
Monday, 28/11/2011 | 14:29 GMT by
Michael Greenberg
Low latency from execution to data - Reuters to add Markit's PMI news
Monday, 28/11/2011 | 13:48 GMT by
Adil Siddiqui
ICAP and other major institutions prepare themselves for Greek Drachma trading
- Apparently major banks and broker dealers are already preparing themselves for the Greek withdrawal from Eurozone and a return to Greek Drachma scenario as according to multiple reports ICAP and others are testing their electronic trading platforms.
Monday, 28/11/2011 | 09:04 GMT by
Michael Greenberg
Indias Central Bank liberalises swap transactions.
Saturday, 26/11/2011 | 02:51 GMT by
Adil Siddiqui
Saxo Bank releases an interesting infographic and video about the forex market
- It seems infographics are becoming very popular with forex brokers who'd like to enlighten traders about certain aspects of the forex market. We've had those from Pepperstone, IBFX and OANDA this year. Now comes Saxo Bank with a pretty cool infographic and accompanying video.
Friday, 25/11/2011 | 11:02 GMT by
Michael Greenberg
China extends trading with Yuan against AUD & CAD interbank market
Thursday, 24/11/2011 | 21:31 GMT by
Adil Siddiqui
Vietnam Central Bank fines FX & Gold Trading Companies
- Vietnam’s central bank has imposed stiff penalties on two companies and a university in Hanoi for violating regulations on U.S. dollar trading and illegally listing prices in the foreign currency.
Thursday, 24/11/2011 | 17:47 GMT by
Adil Siddiqui
360T acquires Finotec, rebrands it as FinBird Trading Systems; to enter retail forex
- 360T is an institutional multi-product platform provider. For Spot FX trading products 360T caters mostly to banks, broker dealers and others. For years 360T was just one of the several available fx institutional platforms competing for same clients and until now was only tracking other competitors like Currenex who were able to penetrate the retail forex market through its White Label offerings.
Thursday, 24/11/2011 | 16:03 GMT by
Michael Greenberg
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