BT Prime, Boston Prime Face Injunction, Bassam Maalouf Talks FX

Despite a usually tranquil summer, the 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 nation has been marked by a number of executive moves, while elsewhere, familiar names in prime brokerage face a critical injunction amid an ownership dilution.

WorldWideMarkets’ Exec VP, Bassam Maalouf, Weighs FX Broker’s Entry and Future in the Middle East

“Meet The Experts” reached out to one of the most distinguished FX specialists in the Middle East, Bassam Maalouf, Executive Vice President of WorldWideMarkets, for his exclusive perspective on the region’s FX prospects and future. Read More Here

Peter Tatarnikov Reveals the Benefits for Brokers Via the Financial Commission

Peter Tatarnikov, Chairman of the Board at the Financial Commission, checked in with “Meet The Experts” to weigh the mutual benefits for both traders and brokers in relying on the Financial Commission for mediation. Read More Here

Key Executive Moves

FX Powerhouse Reshuffles as It Looks to Weather the Institutional FX Storm - See more

Leading FX trading venue, EBS, looks to address challenges in the FX trading landscape as it reports on a number of key personnel changes, two senior people have left the firm and two others have been promoted. Read More Here

ICAP’s Last Remaining Co-Head John Schoen, Reveals Plan to Leave EBS Markets

The shakeup at ICAP appears to have taken another turn on Thursday, as John Schoen, the firm’s last remaining co-head announced his intent to leave EBS Markets, just days after Nichola Hunter’s departure. Read More Here

Vatican Appoints Veteran Execs from Goldman Sachs, Deutsche Bank

Drawing upon a pool of qualified financial personnel, Pope Francis has turned to veteran specialists from Goldman Sachs, Deutsche Bank AG and Invesco to help curb rampant corruption and effectively overhaul the Vatican Bank. Read More Here

Former Alpari Exec, Iskandar Najjar Joins ADS Securities as Managing Director

ADS Securities, an FX solutions company specializing in the Middle East, has announced the appointment of ex-Alpari CEO, Iskandar Najjar as Managing Director of ADS Securities. Read More Here

In Case You Missed It

BT Prime & Boston Prime Face Injunction Order in Alleged Ownership Dilute

According to court filings obtained by Forex Magnates’ reporters, an injunction order has been filed against the Belize-based entity behind BT Prime and Boston Prime, BT Trading Ltd. Read More Here

Saxo Bank Reports Delayed May Volume Metrics, Lackluster Trend Continues in June

Saxo Bank has just reported its June 2014 metrics, stabilizing its monthly volumes after revealing a marginal decline MoM (-2.5%) from May after a well-documented struggle earlier this year. Read More Here