The Weekend Read: FXCM, IBFX, ACM, Interactive Brokers and more

by Michael Greenberg
The Weekend Read: FXCM, IBFX, ACM, Interactive Brokers and more
  • French, Swedish bloggers: FXCM got a job for YOU!

FXCM has several positions open for FX Analysts / Bloggers and is searching for candidates based out of the following countries: 1)France 2)Sweden

Primary responsibilities include (not limited to):

Media Relations: Establish relationships with the local financial press (TV, online, print, and radio). Provide market analysis several times a week through traditional media venues and actively contribute to local trading forums/chat rooms. Become the local “go to” person for coverage of Forex and international economics.

FX Analysis: Write an exclusive article once per day for FXCM on either trading education or analysis.

Live Events: Provide on a regular basis educational seminars to FXCM clients.

https://jobs.efinancialcareers.se/job-4000000000595054.htm

  • Interbank FX and the CFTC proposal

As many of you are aware, the U.S. Commodity Futures Trading Commission (CFTC) announced on January 13, 2010 that it is seeking public comment on proposed regulations concerning retail Forex trading. As part of the proposed regulations, it is stated: "leverage in retail forex customer accounts would be subject to a 10-to-1 limitation," which means 10:1 leverage would be the maximum amount allowed for all Forex traders in the U.S.

An example of how the proposed regulatory restrictions would affect a major currency pair appears below:

Maximum Leverage under Current Regulations

USD/CHF

100:1 leverage (one percent)

1 lot (100,000)

Margin requirement: $1,000

Maximum Leverage under Proposed CFTC Changes

USD/CHF

10:1 leverage (10 percent)

1 lot (100,000)

Margin requirement: $10,000

We stand behind the belief that you should be given the freedom and right to choose the amount of leverage that is appropriate for your individual desired risk, and that this basic principle of 'choice' is in jeopardy by the proposed CFTC regulations.

If you feel strongly about the proposal, we encourage you to help determine the outcome of these proposed regulations. You can help make an impact by sending comments directly to the CFTC at: secretary@cftc.gov. Please include 'Regulation of Retail Forex' in the subject line of your message and the identification number RIN 3038-AC61 in the body of the message.

You can also submit your comments by any of the following methods (include above ID number):

Fax: (202) 418-5521, Mail: David Stawick, Secretary Commodity, Futures Trading Commision 1155 21st Street, N.W., Washington, DC 20581, Courier: Use the same as mail above.

In the upcoming days, Interbank FX and the rest of the U.S. Forex Dealer Coalition will be releasing a more formal opinion about the proposed changes. Please feel free to read further details about the regulation on the CFTC website by clicking here. In the interim, we encourage you to voice your opinions to the CFTC and your local U.S. representative. As always, we want the best for our traders. We hope you’ll join forces with us to prohibit the proposed leverage requirements.

The Interbank FX Team

https://www.fxstreet.com/news/forex-news/article.aspx?StoryId=0b0c6e25-22f2-4515-9540-7045f54a2e81

  • Interactive Brokers Group Announces 2009 Results. Huge drop in Net Profit, yet very healthy results amid the financial crisis.

Interactive Brokers Group, Inc. (NASDAQ GS: IBKR) an automated global electronic market maker and broker, today reported diluted earnings per share of $0.87 for the year ended December 31, 2009, compared to diluted earnings per share of $2.24 in 2008. Net revenues were $1,100 million and income before income taxes was $545 million for the year, compared to net revenues of $1,850 million and income before income taxes of $1,250 million in 2008.

Business Highlights

-- 50% pre-tax profit margin for 2009.

-- 49% Electronic Brokerage pre-tax margin for 2009.

-- Customer equity grew by 71%, to $15.2 billion from prior year and customer accounts grew by 21%.

-- Cleared DARTs were 316,000 in 2009, even with the prior year.

-- Market Making pre-tax income decreased 68% from the prior year.

-- 53% Market Making pre-tax profit margin for 2009.

https://www.tradingmarkets.com/news/press-release/ibkr_ibkr_interactive-brokers-group-announces-2009-results-719009.html

  • Forex Club with new promotion: Forex traders no longer have to pay spread or commission costs on unprofitable trades.

Forex Club Financial Company, an NFA regulated forex broker located in New York City, has recently announced that starting from January 24th 2010 they will be instantly returning commissions for trades placed on the forex broker’s ExpressFX Trading Platform .

Forex Club has tried to separate themselves from other forex brokers by offering a revolutionary concept of “zero spread trading” and instead charging a simple commission cost per trade. The idea was initially created as a means to lower barriers for prospective traders who weren’t clear as to what a forex broker’s spread charges were and to give them a better understanding as to how much money they were being charged per trade.

As other forex brokers began to lower their spreads cost (or lowering the price traders paid to enter or exit a trade), Forex Club conceived the idea of a commission refund. Under this rule, all traders who use this forex broker’s ExpressFX trading platform will have their commission costs refunded instantly the moment a trade begins to yield negative profits.

https://www.prlog.org/10498398-forex-broker-offers-new-instant-commission-return-feature.html

  • ACM: New Kiwi Crosses Available

ACM (ac-markets.com) launches tradable New Zealand Dollar pairs with the Euro, Swiss Franc and Canadian Dollar. The company regularly updates its software and introduces new tradable assets to satisfy its ever-growing and diverse client base. “Commodity currencies like the NZD, are often correlated with global commodity prices and offer an alternative and enticing vista to FX speculation” said Peter Rosenstreich, Chief Market Analyst. These new crosses enlarge ACM’s offering to a total of 57 dealable assets

https://www.fxstreet.com/news/forex-news/article.aspx?StoryId=50ea1580-903a-4dfb-96ae-1d4c5917d542

  • anyoption™ launches online affiliate program – anyoption™ Partners (it's about time!)

anyoption™, the leading binary option trading platform of its kind, has launched anyoption™ Partners. This new affiliate program is a gateway for affiliates wishing to enter the growing and profitable world of binary options trading. The program offers lucrative commission plans with a celebratory special launch offer available for a short time only.

In only a short space of time since their inception, binary options have quickly become a top investment product. The launch of the affiliate program anyoption™ Partners opens up the binary options industry to affiliates, allowing them to benefit from the high value customers who are joining the anyoption™ site.

https://www.pr-inside.com/anyoption-launches-online-affiliate-program-r1680640.htm

  • French, Swedish bloggers: FXCM got a job for YOU!

FXCM has several positions open for FX Analysts / Bloggers and is searching for candidates based out of the following countries: 1)France 2)Sweden

Primary responsibilities include (not limited to):

Media Relations: Establish relationships with the local financial press (TV, online, print, and radio). Provide market analysis several times a week through traditional media venues and actively contribute to local trading forums/chat rooms. Become the local “go to” person for coverage of Forex and international economics.

FX Analysis: Write an exclusive article once per day for FXCM on either trading education or analysis.

Live Events: Provide on a regular basis educational seminars to FXCM clients.

https://jobs.efinancialcareers.se/job-4000000000595054.htm

  • Interbank FX and the CFTC proposal

As many of you are aware, the U.S. Commodity Futures Trading Commission (CFTC) announced on January 13, 2010 that it is seeking public comment on proposed regulations concerning retail Forex trading. As part of the proposed regulations, it is stated: "leverage in retail forex customer accounts would be subject to a 10-to-1 limitation," which means 10:1 leverage would be the maximum amount allowed for all Forex traders in the U.S.

An example of how the proposed regulatory restrictions would affect a major currency pair appears below:

Maximum Leverage under Current Regulations

USD/CHF

100:1 leverage (one percent)

1 lot (100,000)

Margin requirement: $1,000

Maximum Leverage under Proposed CFTC Changes

USD/CHF

10:1 leverage (10 percent)

1 lot (100,000)

Margin requirement: $10,000

We stand behind the belief that you should be given the freedom and right to choose the amount of leverage that is appropriate for your individual desired risk, and that this basic principle of 'choice' is in jeopardy by the proposed CFTC regulations.

If you feel strongly about the proposal, we encourage you to help determine the outcome of these proposed regulations. You can help make an impact by sending comments directly to the CFTC at: secretary@cftc.gov. Please include 'Regulation of Retail Forex' in the subject line of your message and the identification number RIN 3038-AC61 in the body of the message.

You can also submit your comments by any of the following methods (include above ID number):

Fax: (202) 418-5521, Mail: David Stawick, Secretary Commodity, Futures Trading Commision 1155 21st Street, N.W., Washington, DC 20581, Courier: Use the same as mail above.

In the upcoming days, Interbank FX and the rest of the U.S. Forex Dealer Coalition will be releasing a more formal opinion about the proposed changes. Please feel free to read further details about the regulation on the CFTC website by clicking here. In the interim, we encourage you to voice your opinions to the CFTC and your local U.S. representative. As always, we want the best for our traders. We hope you’ll join forces with us to prohibit the proposed leverage requirements.

The Interbank FX Team

https://www.fxstreet.com/news/forex-news/article.aspx?StoryId=0b0c6e25-22f2-4515-9540-7045f54a2e81

  • Interactive Brokers Group Announces 2009 Results. Huge drop in Net Profit, yet very healthy results amid the financial crisis.

Interactive Brokers Group, Inc. (NASDAQ GS: IBKR) an automated global electronic market maker and broker, today reported diluted earnings per share of $0.87 for the year ended December 31, 2009, compared to diluted earnings per share of $2.24 in 2008. Net revenues were $1,100 million and income before income taxes was $545 million for the year, compared to net revenues of $1,850 million and income before income taxes of $1,250 million in 2008.

Business Highlights

-- 50% pre-tax profit margin for 2009.

-- 49% Electronic Brokerage pre-tax margin for 2009.

-- Customer equity grew by 71%, to $15.2 billion from prior year and customer accounts grew by 21%.

-- Cleared DARTs were 316,000 in 2009, even with the prior year.

-- Market Making pre-tax income decreased 68% from the prior year.

-- 53% Market Making pre-tax profit margin for 2009.

https://www.tradingmarkets.com/news/press-release/ibkr_ibkr_interactive-brokers-group-announces-2009-results-719009.html

  • Forex Club with new promotion: Forex traders no longer have to pay spread or commission costs on unprofitable trades.

Forex Club Financial Company, an NFA regulated forex broker located in New York City, has recently announced that starting from January 24th 2010 they will be instantly returning commissions for trades placed on the forex broker’s ExpressFX Trading Platform .

Forex Club has tried to separate themselves from other forex brokers by offering a revolutionary concept of “zero spread trading” and instead charging a simple commission cost per trade. The idea was initially created as a means to lower barriers for prospective traders who weren’t clear as to what a forex broker’s spread charges were and to give them a better understanding as to how much money they were being charged per trade.

As other forex brokers began to lower their spreads cost (or lowering the price traders paid to enter or exit a trade), Forex Club conceived the idea of a commission refund. Under this rule, all traders who use this forex broker’s ExpressFX trading platform will have their commission costs refunded instantly the moment a trade begins to yield negative profits.

https://www.prlog.org/10498398-forex-broker-offers-new-instant-commission-return-feature.html

  • ACM: New Kiwi Crosses Available

ACM (ac-markets.com) launches tradable New Zealand Dollar pairs with the Euro, Swiss Franc and Canadian Dollar. The company regularly updates its software and introduces new tradable assets to satisfy its ever-growing and diverse client base. “Commodity currencies like the NZD, are often correlated with global commodity prices and offer an alternative and enticing vista to FX speculation” said Peter Rosenstreich, Chief Market Analyst. These new crosses enlarge ACM’s offering to a total of 57 dealable assets

https://www.fxstreet.com/news/forex-news/article.aspx?StoryId=50ea1580-903a-4dfb-96ae-1d4c5917d542

  • anyoption™ launches online affiliate program – anyoption™ Partners (it's about time!)

anyoption™, the leading binary option trading platform of its kind, has launched anyoption™ Partners. This new affiliate program is a gateway for affiliates wishing to enter the growing and profitable world of binary options trading. The program offers lucrative commission plans with a celebratory special launch offer available for a short time only.

In only a short space of time since their inception, binary options have quickly become a top investment product. The launch of the affiliate program anyoption™ Partners opens up the binary options industry to affiliates, allowing them to benefit from the high value customers who are joining the anyoption™ site.

https://www.pr-inside.com/anyoption-launches-online-affiliate-program-r1680640.htm

About the Author: Michael Greenberg
Michael Greenberg
  • 1439 Articles
  • 56 Followers
About the Author: Michael Greenberg
  • 1439 Articles
  • 56 Followers

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Retail FX

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