I guess it’s one of the perks of being a public company. FXCM and Gain – both public retail forex brokers – have simultaneously announced the sponsoring of the show. It is another step in going mainstream.
FXCM has partnered with CNBC to co-sponsor CNBC’s new show “Money in Motion Currency Trading.” Beginning February 25, “Money in Motion Currency Trading” will air on Fridays at 5:30pm. In addition there will be two short business segment updates each week on Wednesdays and Fridays during CNBC’s Business Day programming. The program will air on CNBC in the U.S., CNBC Europe, Middle East and Africa and CNBC Australia.
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Forex has become one of the fastest growing and largest markets in the world. “This is a perfect fit for FXCM. With our recent IPO and the growth of retail forex trading, our partnership with CNBC to sponsor the new forex TV show will bring retail forex trading more mainstream, especially in the United States,” said Drew Niv, CEO of FXCM. “As retail traders become more active in currency trading it only makes sense that they will be looking to the top business network to bring them relevant news, education, and research on just that.”
GAIN Capital (GCAP), a global provider of online trading services, announced today that its retail division, FOREX.com®, will be co-sponsoring a new 30-minute CNBC program focusing on the global currency market.
Premiering February 25, 2011 at 5:30 p.m. ET, “Money in Motion Currency Trading” will be hosted by CNBC’s Melissa Lee, also host of CNBC’s “Fast Money” and “Options Action.” The weekly half-hour program will feature professional currency traders and analysts as they share insights and trading opportunities in the $4 trillion per day forex market. The show will be recorded live from the NASDAQ’s MarketSite and will air on CNBC in the U.S. as well as on CNBC Europe, Middle East and Africa and CNBC Australia. Beginning Friday, February 25th, the program will air in the U.S. on Fridays at 5:30 p.m. ET (in EMEA at 23:30 CET) and re-air on Saturdays at 7:00 p.m. ET.