Updating on two products we wrote about earlier in the year as part of our New Product spotlights.
Reported on in May, First Macro, is a new technical and fundamental analysis focused trading platform created by currency strategist, Joel Kruger. At the time, Kruger explained to Forex Magnates that, “First Macro is a solution that I wanted to create for traders, offering a comprehensive research and strategy platform, with full trading capabilities. The keys for me are the fact that this is high end research, commentary and strategy both on the technical and fundamental fronts.”
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Following the last few months of beta testing and finalizing the platform, First Macro has officially made its live launch this week. On launch, it is being offered as a standalone analysis-only product via monthly subscriptions, or combined with executions services with liquidity from London Capital Group. Speaking to Joel Kruger, he indicated that the company is also in discussions to connect with more brokers in the future.
Dealer-Insight was another firm we covered in January. Coming from the equity world, the product reminded me of the very successful Briefing.com offering, but for the FX market. At the time, the product was being made available through the tradable platform, and had what we thought was a high monthly subscription fee. Evolving its offering, Dealer-Insight has begun to be offered as a standalone product with users able to purchase subscriptions directly from the company, without connecting with tradable. The monthly fee was also more than halved, in order to alleviate concerns of it being priced beyond the means of typical retail traders.