Monex, GMO Click Volumes Slide, Saxo Bank’s, Michel André, Checks In

Several developments continued to unfold in the industry, including downtrodden volumes by Japanese brokers and a revamped MT5 platform.

Amid a short holiday week in the United States following the observance of Independence Day, several developments continued to unfold in the Forex Nation, including downtrodden volumes by Japanese brokers and a revamped MT5 platform.

The Experts platform welcomed its newest contributor, Asaf Yigal, VP at OANDA, and responsible for the Trade Leaders Program, a leading copy-trading product that was developed by Currensee. Mr. Yigal will be serving as a Social Trading expert and is available for any questions on the “Meet The Experts” platform.

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This week was also highlighted by some exclusive interviews across the industry, including Saxo Bank’s CTO, Michel André, who discussed the next big development in the Forex industry. Furthermore, FX Streets’ CEO, Carolina May, outlined the role of information websites in the Forex realm.

Key Executive Moves

Interbank prime of prime solutions provider, CFH Clearing, has appointed Paul Jackson to the newly created position of Head of Sales, where he will manage an experienced international sales team. Read More Here

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Norbert Lukasiewicz has left Integral Development Corporation according to Forex Magnates, the move comes during a period where the firm is currently undergoing major personnel changes and restructuring. Read More Here

Mansoor Mohi-uddin, the Chief Currency Strategist and current Managing Director at UBS AG, has left the Swiss banking giant as part of an initiative to trim costs and help streamline overall operations. Read More Here

Following reports of a restructuring at Integral’s London office, the company issued a statement announcing the appointments of Jon Barker to Managing Director and Richard K. Farrell to Global Head of Sales. Read More Here

In Case You Missed It: Japanese June Volumes in the Red

June proved to be another weak month for Japanese Forex brokers, including GMO Click, Monex Group and DMM Markets all finishing in the red for monthly volumes. The news is particularly concerning given consecutive months in the red, which has failed to rebound despite other regions performing marginally better in recent months.

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