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Forex Magnates Q3 2011 Retail Forex Industry Report is now available - FXCM is now world's largest retail forex broker
- The Q3 2011 Report includes: Market overview, key developments, volume and forecast Media Forex Websites Traffic Survey Articles: Forex in the Middle East FX Margin business in Korea
GFT launches FX Options in addition to CFDs and Binaries
- GFT is making some serious additions to its DealBook platform and now offers FX Options (in Europe) in addition to CFDs and Binaries which were launched just day before. This turns GFT's DealBook platform into a truly multi-asset trading one - which is a great advantage as clients can trade any type of instrument using single access and same interface.
HotSpot September 2011 volume is up 101% year on year
- Forex volumes in Q3 2011 are at peak (excluding Japan where they dropped a little due to reduce leverage requirement) as evident in the Q3 2011 Forex Magnates Industry Report that has become available to existing clients this morning and will become publicly available on Friday.
GFT now offers CFDs and Spread Betting Binaries
- In another sign that binary option trading is one of the more interesting products out there GFT, one of world's largest forex brokers, now announced that it will start offering CFDs and spread betting binaries. GFT is now the second major forex broker to start offering binary trading after Saxo Bank has introduced its Touch Options back in August. Just like Saxo Bank GFT here is using its own technology and not third party's.
Conversion Pros partners with Leverate to provide marketing services to its clients
- Established by top marketing and search forex executives in Cyprus Conversion Pros is the rising power in forex marketing agencies.Conversion Pros recently partnered with SpotOption - the largest binary software provider. Leverate is one of the largest MT4 service providers and recently struck a deal with Saxo Bank to enhance its financial strength and liquidity.
US Forex brokers profitability report for Q3 2011 - OANDA back on top, profitability up
- Finally all US retail forex brokers have updated their profitability stats and the result is surprising - overall profitability is up. This is despite the very volatile quarter forex markets have experienced which typically leads to high losses to forex traders. Apparently forex traders coped with this volatility better than I had expected.
FXstat and Myfxbook update their platforms with emphasis on personalization
- Though it's hard to classify what forex social network is (or what a social network in general is) we can all agree that sites like FXstat, Currensee, myfxbook, FxJunction and others do bring traders closer together. We've discussed this issue and presented an extensive overview of the 'social' forex market in the Q2 2011 Forex Magnates Retail Industry Report.
FXCM Debuts Currency Rates on the NYSE Trading Floor
- It seems that FXCM marked a new frontier - to become world's premier currency rates supplier. FXCM just announced that it will stream rates on the NYSE floor and back in May 2011 it launched the Dow Jones FXCM Dollar Index (interview with CEO Drew Niv here). This would mean of course that FXCM steps into the territory of larger and more established currency players like Reuters and ICAP.
FXCM Reports Monthly Metrics for September 2011 - retail volume at peak, acquires Foreland for $17 million
- FXCM Inc. (NYSE: FXCM) today announced certain key operating metrics for September 2011 for its retail and institutional foreign exchange business. FXCM also announced that it completed the acquisition of the Japanese broker Foreland for $17 million. I estimated the deal to be at the region of $10-12 million.
FxPro releases Q3 2011 forex metrics - volume is slightly up
- FxPro Financial Services Ltd (FxPro) a leading global forex broker today announced its operating metrics for the third quarter of 2011. FxPro started releasing its opearting metrics (even though it's not a public company) in the previous quarter. FxPro has since shown that it improved in any possible metric since the IPO data which was released by Forex Magnates back December 2010.
CFTC releases August 2011 financial data - total US forex deposits up $19 million
- Every month or so CFTC releases financial data for its members. In the past year or so CFTC also releases the total amount of retail forex obligations for retail forex brokers (under FCMRFD and RFED statuses) which shows us how much 'retail money' is held by US forex brokers.
New fx broker MahiFX launching - an interesting teaser
- A new FX brokers looking to launch fx trading is always concerned with how to attract new clients. Most wait till they are fully ready and then splash the cash on Google and banners. Others decide to invest in a pre-launch teaser strategy such as what MahiFX did below
Forex Brokers on YouTube
- This article is part of a series of in-depth discussions of Social Marketing in the FX Broker Industry by Media Group London, a full-service marketing agency specializing in the online trading industry. Previous articles include discussions of FX Brokers on Facebook and Twitter.
LMAX to launch MultiCharts - a charting and autotrading platform
- LMAX, the first FSA authorised CFDs trading MTF (multilateral trading facility), has posted a short message on its blog that it is about to soon launch MultiCharts - a charting and autotrading platform that uses the TradeStation EasyLanguage.
FXCM ordered to pay $6 million more by the CFTC to settle allegations of failure to monitor and maintain its trading systems
- In total FXCM will pay over $16.2 million to settle NFA and CFTC's charges. This is the continuation of the NFA's fine back in August which charged FXCM with retaining gains derived from positive price slippage; failing to adopt or carry out adequate procedures to ensure the efficient execution of all customer orders; failing to treat all customers equally when giving price adjustments; and failing to adequately investigate suspicious activity in all customers’ accounts. The Complaint charged FXCM and Niv with failing to supervise.
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