July FX Metrics Retreat, Forex Magnates' Tokyo Summit Concludes

A late week swell of metrics of several brokers and exchanges has been released, highlighting an ongoing lack of unity among FX volumes – meanwhile, summer continues to witness a variety of executive moves and shuffles at leading institutions and brokers.

Weekly Interviews

NAX Trader’s Artem Kushneryk Discusses the Firm’s Versatile Modules

Artem Kushneryk, CTO at NAX Trader, provides an exclusive perspective on the platform’s unique multi-asset modules, as well as the impetus and innovation behind its versatile design Read More Here

Velocity Trade’s Ben Brown Reflects on the Changing World of FXPB

Ben Brown, Head of FX at Velocity Trade, a London regulated FX provider, shares his insight on the formidable topic of PBs and their young brother, the Prime of Prime (PoP) segment. Read More Here

Key Executive Moves

UK Chief Executive Mark Yollop to Part Ways with UBS

UBS AG has a key vacancy to fill, following a recent announcement from Mark Yollop, the current Chief Executive of UK operations for the Swiss bank, revealing he will be parting ways in September. Read More Here

UBS Poaches Algo Trading Algo Trading Algo trading sometimes referred to as algo, may be defined as computerized trading that employs proprietary algorithms or pre-programmed commands that are tailored to take into consideration variables like price, volume, and timing. First introduced in American financial markets in the 1970s, algo-trading is generally utilized in trading scenarios such as arbitrage, trend trading strategies, and order execution while approximately 60% of all trades were executed by computers in 2010. Today, algo Algo trading sometimes referred to as algo, may be defined as computerized trading that employs proprietary algorithms or pre-programmed commands that are tailored to take into consideration variables like price, volume, and timing. First introduced in American financial markets in the 1970s, algo-trading is generally utilized in trading scenarios such as arbitrage, trend trading strategies, and order execution while approximately 60% of all trades were executed by computers in 2010. Today, algo Read this Term Specialist, Pierre Vermaak from Barclays

Former Barclays 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 and commodities specialist Pierre Vermaak is headed to UBS to head its newly-revamped FRC division, replacing the outgoing Thomas Klocker who left for Bank of America Merrill Lynch back in June. Read More Here

Standard Chartered Names Paul Denslow as Head of FX Sales in US

Standard Chartered Bank has appointed Paul Denslow as its newest Head of FX Sales for American operations in a bid to rekindle the group’s lackluster FX volumes amidst a period of historically tranquil volatilities. Read More Here

In Case You Missed It

Monex Q1 Fiscal 2015: Global FX Revenue Halved, Total Revenue down 43% YoY

Monex Group has released its results for the first quarter of fiscal 2015, stating that total income has dropped by 43%, while net income numbers have shed a whopping 89% as reported in the preliminary figures released by the company more than a week ago. Read More Here

FX Volumes at KCG Hotspot Slide by Almost 13% in July, down 16% YoY

After two consecutive months of increasing trading activity, according to daily FX volumes data published by the KCG Group’s website, the company’s KCG Hotspot ECN platform has averaged just a notch below $24 billion daily. The figure is lower by 12.7% when compared to June and about 16% lower than last year’s number. Read More Here

YJFX Named Best Japanese Broker in Forex Magnates’ Tokyo Summit 2014 Awards

As the Forex Magnates’ Tokyo Summit drew to a close this evening, delegates reflected on the second day of senior level dialog among the industry’s key professionals after having focused on the FX and binary options industry’s largest market. Read More Here