2009-07-28: Forex Magnates Daily Updates

Currensee Inc. (www.currensee.com), the first Forex trading social network where traders collaborate based on real trades, today announced the appointment

Currensee Inc. (www.currensee.com), the first Forex trading social network where traders collaborate based on real trades, today announced the appointment of David Lemont (http://www.currensee.com/about-us/management-team#dave), successful CEO and go-to-market strategist, as full-time CEO for the company
http://news.prnewswire.com/DisplayReleaseContent.aspx?ACCT=104&STORY=/www/story/07-27-2009/0005066320&EDATE=
Alpari (US), a regulated Foreign Exchange company and global provider of online Forex trading, announced today that it will be maintaining full compliance with the new NFA Rule 2-43 (b), which requires orders be executed on a First In, First Out (FIFO) basis when multiple positions are held in the same currency pair. This means that the position which was first opened will be the first to be closed, but stop-loss and limit orders will still be able to be placed on Alpari (US) accounts.

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http://www.prweb.com/releases/2009/07/prweb2682724.htm
GAIN Capital, a global provider of online foreign exchange (forex) trading services, is opening an office in Seoul, allowing GAIN to explore new business development opportunities in Korea’s fast-growing margin forex trading industry. The strategic South Korea location will also further expand GAIN’s footprint in the region.
http://news.prnewswire.com/DisplayReleaseContent.aspx?ACCT=104&STORY=/www/story/07-27-2009/0005066820&EDATE=
Philippines ease forex rules
http://www.iflr.com/Article/2117393/Foreign-exchange-transactions.html
Barclays Capital, the investment banking arm of Barclays PLC (BARC.L), has appointed former Royal Bank of Scotland (RBS.L) banker Ivan Ferraroni as the head of Asia Pacific foreign exchange bank sales.
http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSSIN46613020090728
Overview and interview with Zecco – Gain’s white Label
http://www.examiner.com/x-4836-SF-Personal-Finance-Examiner~y2009m7d27-Zecco-Youre-in-the-money
The Securities and Exchange Commission on Monday said it was examining “flash” orders – trades made at lightning speeds on electronic systems – after calls by a US senator to ban the practice.
http://www.ft.com/cms/s/0/039fc8f6-7a11-11de-b86f-00144feabdc0.html?nclick_check=1
  • Currensee Inc., the first Forex trading social network where traders collaborate based on real trades, today announced the appointment of David Lemont, successful CEO and go-to-market strategist, as full-time CEO for the company
  • Alpari (US), which already announced this on the pages of this blog last Thursday, yesterday announced that it will be maintaining full compliance with the new NFA Rule 2-43 (b), which requires orders be executed on a First In, First Out (FIFO) basis when multiple positions are held in the same currency pair. This means that the position which was first opened will be the first to be closed, but stop-loss and limit orders will still be able to be placed on Alpari (US) accounts.
  • GAIN Capital, a global provider of online foreign exchange (forex) trading services, is opening an office in Seoul, allowing GAIN to explore new business development opportunities in Korea’s fast-growing margin forex trading industry. The strategic South Korea location will also further expand GAIN’s footprint in the region.
  • Looks like GAIN works in blasts: it was quiet in the past few weeks but then it announced a new White Label in New Zealand and Australia and now this. I hope they read this post about South Korea cracking down on Forex.
  • Barclays Capital, the investment banking arm of Barclays PLC (BARC.L), has appointed former Royal Bank of Scotland (RBS.L) banker Ivan Ferraroni as the head of Asia Pacific foreign exchange bank sales.
  • Overview and interview with Zecco – Gain’s white Label
  • The Securities and Exchange Commission on Monday said it was examining “flash” orders – trades made at lightning speeds on electronic systems – after calls by a US senator to ban the practice. Forex scalpers are next?
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