IronFX Draws Ire of Chinese, Forex Nation Lauds Transparency

Despite the observance of Labor Day in the US, financial markets returned to full force with the reporting of key broker metrics – meanwhile, IronFX found itself in an uphill battle against 1.4 billion Chinese.

Weekly Interviews

Soft-FX’s Max Faust Talks Next Generation FX Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term Solutions

Max Faust, Chief Executive of Soft-FX, provides an in-depth look into technologically-driven FX brokerage solutions that are taking the industry by storm. Read More Here

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’s Danielle Lehrer on Financial Markets: Greed Is Dead

Danielle Lehrer, Founder of Forex Nation, explains the company’s unique and transparent business model as well as its charitable structure for worldwide traders. Read More Here

Key Executive Moves

Standard Chartered Names Karin Flinspach as Head of Currency Products

Standard Chartered Plc has continued its summer hiring spree, naming Karin Flinspach to the role of Head of Currency Products in its international Transaction Banking division, effective immediately. Read More Here

George Popescu Lands at Currency Mountain Holdings as Head of Strategy

George Popescu has been named the Head of Strategy at Currency Mountain Holdings’ NY base of operations, on the heels of the recent situation surrounding BT Prime and Boston Technologies earlier this year. Read More Here

Torben Kaaber Parts Ways with Saxo Bank, Successor Chosen

Longtime CEO and executive, Torben Kaaber, has parted ways with Saxo Bank, ending a lengthy tenure of over 16 years – the vacancy was immediately filled in a recent announcement, culminating in the succession of Mateo Cassina. Read More Here

In Case You Missed It

NFA Issues a Complaint against FXDD, Raising Allegations on Five Counts

The National Futures Association (NFA) has served a complaint to FXDirectDealer LLC (FXDD) and Joseph Botkier, CEO of the company, as he was serving as principal of FXDD, during the times relevant to the complaint Read More Here

IronFX Grilled on Chinese TV by Affiliates, Criminal Fraud Investigation Filed on Air

In a 20-minute report, a journalist went undercover to experience the deposit process and track the money. A Chinese official called for a “severe punishment” in the event that IronFX operates illegally. Read More Here