Forexstreet extends its market grip
FXStreet, one of the largest forex portals on the web, is slowly but steadily increasing its market grip and presence
FXStreet, one of the largest forex portals on the web, is slowly but steadily increasing its market grip and presence – after tapping myfxbook and forexcrunch to its advertising network FXS has recently tapped FXTimes, another upcoming market commentary portal and launched the Trader Talk feature.
Those with good memory will remember that I wrote about FX Times when it just launched in November 2009. FX Times was CMS Forex’s attempt at establishing its own forex portal. While it wasn’t highly popular it did offer several nice tools and widgets which were used by other websites.
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Since CMS Forex’s retail client base was acquired by Gain many interesting things happened to the former CMS Forex group, in fact it split into several independent pieces. CMS Forex clients were moved to Gain Capital. CMS Forex itself is still registered as an RFED with CFTC and jointly with VT Systems will continue offering VT Trader as a charting package as well as for practice purposes while being Gain’s IB. VT Trader itself will soon be launched by Gain Capital. And the last piece in the puzzle is the FX Times portal which has parted ways with CMS Forex group and is now an independent news and market analysis provider.
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FXS is also growing quite nicely as can be seen by stats published on Francesc’s blog and is from time to time launching new features such as Trader Talk – A New Forex & Market Digest News Feed For Market Talk Section. A team of experts and journalists monitor more than 50 sources including trading desks, broker platforms, big bank movements, private investors, and more in order to digest the most interesting events and offer FXstreet.com readers a useful and unique information feed.
FXS here is starting to rival with other forex advertising rings (there are only a couple of these) such as Mediacougar which unite several brands under one advertising umbrella and offer a more balanced and perhaps more effective deal for both advertisers and publishers. However I’m not a very big fan of monopolies and if FXS will tap more and more sites to its advertising network this may be a serious threat to smaller, independent, websites which won’t have too many options left.
FXS seems to be on the right way here and I wouldn’t be surprised if it followed EuroInvestor’s acquisition path sooner than later.
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Hi Michael
I doubt we will become a monopoly as we are trying to get on board just sites with strong growth potential due a superior content quality.
Only those sites we consider the very best or that can become the very best are approached or are of our interest, as our goal is to offer our clients the best pool of sites to advertise themselves, not to grant them to be visible everywhere.
Forex Magnates is a site of my interest too as you already know 🙂
Francesc
Hi Michael
I doubt we will become a monopoly as we are trying to get on board just sites with strong growth potential due a superior content quality.
Only those sites we consider the very best or that can become the very best are approached or are of our interest, as our goal is to offer our clients the best pool of sites to advertise themselves, not to grant them to be visible everywhere.
Forex Magnates is a site of my interest too as you already know 🙂
Francesc
I don’t see FXStreet becoming a monopoly. They seem to be taking rather careful, non-aggressive moves and they have an extremely high level of transparency, which is quite rare in the industry.
In addition, I think that the world of forex is currently distributed very well. There are quite a few big forex portals, quite a few medium sized ones and many small ones. Too many moves have to happen before one player becomes a monopoly. I believe that the same goes for forex brokers.
Maturity of the industry also means consolidation, but there’s still a long way to go…
I don’t see FXStreet becoming a monopoly. They seem to be taking rather careful, non-aggressive moves and they have an extremely high level of transparency, which is quite rare in the industry.
In addition, I think that the world of forex is currently distributed very well. There are quite a few big forex portals, quite a few medium sized ones and many small ones. Too many moves have to happen before one player becomes a monopoly. I believe that the same goes for forex brokers.
Maturity of the industry also means consolidation, but there’s still a long way to go…
As long as it keeps producing quality analysis and commentary, I think it will be good for the market. The competition level of this industry is “healthy” at the moment …
As long as it keeps producing quality analysis and commentary, I think it will be good for the market. The competition level of this industry is “healthy” at the moment …