All News | Finance Magnates

CFTC requires all its members to submit their own capital reports and for members (RFEDs and FCMs) the amount of retail forex obligations. For some reason this report wasn't made public since April and now CFTC made available the monthly reports for May, June and July. This allows us to track the amount of retail forex obligations for all US retail forex brokers.

Thursday, 11/08/2011 | 07:29 GMT by Michael Greenberg

Exchanges

CLS Bank witnesses drop in FX Settlement - July 2011

CLS Bank, a multi currency cash settlement system saw the average number of daily foreign exchange payment instructions fall by 2 percent in July from the previous month, while the average value also dropped.

Wednesday, 10/08/2011 | 10:45 GMT by Adil Siddiqui

Brokers

Australian Retail Forex Boom Part II

Continuing our coverage of the emerging retail forex markets below is the 2nd part of our Australia retail forex market coverage. This time we interview Chris Reynolds the COO of Go Markets - one of Australia's larges retail forex brokers.

Wednesday, 10/08/2011 | 09:40 GMT by Michael Greenberg

Analysis

Invesco sees profits up 65%, increase in FX AUM $3.2 billion

Invesco one of the largest mutual fund companies announced Q2 profits; an increase by 65%. Investors found confidence in Invesco's funds as earnings increased to $201.1 million form $125.4 million a year earlier.

Wednesday, 10/08/2011 | 05:46 GMT by Adil Siddiqui

Regulation

Federal Court Finds that Gary and Brenda Martin and Queen Shoals Consultants Defrauded Customers in Forex Scheme

Tuesday, 09/08/2011 | 13:05 GMT by Michael Greenberg

Brokers

Forexpros Launches Broker Comparison Tools

Last year I wrote about the rise of spread comparison tools. The first and probably still the most popular was FX Intelligence. However since then popularity of these sites hasn't really grown much, in fact new traders are not obsessed with how low spreads are and experienced traders prefer execution over spreads or already know where to go.

Tuesday, 09/08/2011 | 07:34 GMT by Michael Greenberg

Analysis

Better hedging tools for Chinese corporates - FX Options and swaps to be traded onshore

China's FX markets have been growing since the world's second largest economy has been exposed to FX risk with a massive rise in global exports in the last 20 years. The renminbi has been controlled by the central bank and had very little fluctuation. The Peoples Bank of China made minor changes in 2005 when it allowed the Chinese Yuan to float against the US dollar within a certain range.

Tuesday, 09/08/2011 | 06:56 GMT by Adil Siddiqui

Analysis

Saxo Bank launches Forex Binary Options

In our recent interview Claus Nielsen, Global Head of trading, hinted that Saxo would launch binary options soon. This didn't take long and Saxo announced that they will be offering Binary Touch options in six currency pairs.

Monday, 08/08/2011 | 19:55 GMT by Guest Contributors

Regulation

Suspended FX Broker - iForex gets Green Light to Trade

Monday, 08/08/2011 | 05:56 GMT by Adil Siddiqui

Regulation

Turkish Lira takes a dive on the back of central bank cuts

Friday, 05/08/2011 | 14:36 GMT by Adil Siddiqui

Analysis

India geared for Algorithmic Trading

India's automated trading environment is growing rapidly. The bulk of volumes have been in top 50 stocks including Bharti Airtel, Reliance and Tata Consultancy Services. Volumes are estimated at around 18% with large institutional investors making up most of he transactions. India's markets are gradually developing infrastructure to compete with major financial hubs like Singapore where algorithmic trading makes up around 60% of daily volumes in equity markets.

Friday, 05/08/2011 | 09:05 GMT by Adil Siddiqui

Analysis

Japanese government intervenes to weaken Yen 3% price spike

Thursday, 04/08/2011 | 14:50 GMT by Adil Siddiqui

Brokers

Retail Forex Market Volume is $237 Billion/day - Latest Forex Magnates Quarterly Report

What is found below is the most complete retail forex volumes survey and estimation that has been compiled in recent years. This survey is the result of discussions and surveys made with hundreds of brokers, liquidity and software providers and other market participants. Although this figure is not perfect it is as accurate as a survey of this very private market can get. This survey humbly started in Q2 2009 and two years later it encompasses almost all significant brokers out of a list of several hundred that operate in this market.

Thursday, 04/08/2011 | 12:15 GMT by Michael Greenberg

Analysis

SocGen FX increases market share on FXALL Q2 2011

SGIB is keen to strengthen its FX trading arm. Over the last couple of years they have hired industry specialist from leading competitors like DB and BOAML. SocGen posted its Q2 figures earlier this week and they showed a 0.7% increae in FXALL's market share since Q1 2011.

Thursday, 04/08/2011 | 11:06 GMT by Adil Siddiqui

Technology

High Frequency Low Latency Traders boosted by Chronos and CFN tie up

High frequency traders using Chronos's Zardoz platform can now take advantage ulatr low latency trading with the offering of CFN's Alpha platform. The partnership means Chronos' sub-five microsecond tick-to-trade algorithmic trading suite, Zardoz, is hosted on CFN’s Alpha Platform™.

Thursday, 04/08/2011 | 08:57 GMT by Adil Siddiqui

Analysis

Interbank FX volumes up - July 2011

Daily volumes in FX are on the increase as reported by veterans of the industry. Average daily spot volume on Thomson Reuters' platforms reached $152 billion in July, up 23% from $124 billion in July 2010.

Thursday, 04/08/2011 | 08:38 GMT by Adil Siddiqui

Brokers

CFTC fines FXCM UK $140,000 for acting as a counterparty to US retail forex clients

Update: FXCM published a statement which explains why this happened - basically FXCM was caught between CFTC's and FSA's rules whereas CFTC required FXCM to shut down US accounts, FSA required FXCM to provide sufficient notice.

Wednesday, 03/08/2011 | 22:14 GMT by Adil Siddiqui

Technology

Uncertainty in Gold price triggers more central bank buying

Wednesday, 03/08/2011 | 16:50 GMT by Adil Siddiqui

Analysis

CME boasts 6% increase in FX volumes YOY

More positive news for FX volumes on the back of The Foreign Exchange Committee's summary since the last quarter. CME Group, the world's leading and most diverse derivatives marketplace, announced July volume averaged 12.7 million contracts per day, up 17 percent from July 2010.

Wednesday, 03/08/2011 | 15:57 GMT by Adil Siddiqui

Brokers

Australian Retail Forex Boom Part I

Forex Magnates recently did an article in their Q2 2011 Report covering the state of Forex in Australia. Through the research for this article, we discovered that FX is booming in Australia not only with existing brokerages but new shops are coming into play. One notable company is Synergy FX who recently opened for business, we sat down and interviewed Piers Cracknell of Synergy to get an inside look into why Forex is making waves down under. Second part of the overview will be an interview with an Go Markets's COO Chris Reynolds.

Wednesday, 03/08/2011 | 13:51 GMT by Michael Greenberg

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