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Australian Retail Forex Boom Part II
- Continuing our coverage of the emerging retail forex markets below is the 2nd part of our Australia retail forex market coverage. This time we interview Chris Reynolds the COO of Go Markets - one of Australia's larges retail forex brokers.
Wednesday, 10/08/2011 | 09:40 GMT by
Michael Greenberg
Invesco sees profits up 65%, increase in FX AUM $3.2 billion
- Invesco one of the largest mutual fund companies announced Q2 profits; an increase by 65%. Investors found confidence in Invesco's funds as earnings increased to $201.1 million form $125.4 million a year earlier.
Wednesday, 10/08/2011 | 05:46 GMT by
Adil Siddiqui
Federal Court Finds that Gary and Brenda Martin and Queen Shoals Consultants Defrauded Customers in Forex Scheme
Tuesday, 09/08/2011 | 13:05 GMT by
Michael Greenberg
Forexpros Launches Broker Comparison Tools
- Last year I wrote about the rise of spread comparison tools. The first and probably still the most popular was FX Intelligence. However since then popularity of these sites hasn't really grown much, in fact new traders are not obsessed with how low spreads are and experienced traders prefer execution over spreads or already know where to go.
Tuesday, 09/08/2011 | 07:34 GMT by
Michael Greenberg
Better hedging tools for Chinese corporates - FX Options and swaps to be traded onshore
- China's FX markets have been growing since the world's second largest economy has been exposed to FX risk with a massive rise in global exports in the last 20 years. The renminbi has been controlled by the central bank and had very little fluctuation. The Peoples Bank of China made minor changes in 2005 when it allowed the Chinese Yuan to float against the US dollar within a certain range.
Tuesday, 09/08/2011 | 06:56 GMT by
Adil Siddiqui
Saxo Bank launches Forex Binary Options
- In our recent interview Claus Nielsen, Global Head of trading, hinted that Saxo would launch binary options soon. This didn't take long and Saxo announced that they will be offering Binary Touch options in six currency pairs.
Monday, 08/08/2011 | 19:55 GMT by
Guest Contributors
Suspended FX Broker - iForex gets Green Light to Trade
Monday, 08/08/2011 | 05:56 GMT by
Adil Siddiqui
Turkish Lira takes a dive on the back of central bank cuts
Friday, 05/08/2011 | 14:36 GMT by
Adil Siddiqui
India geared for Algorithmic Trading
- India's automated trading environment is growing rapidly. The bulk of volumes have been in top 50 stocks including Bharti Airtel, Reliance and Tata Consultancy Services. Volumes are estimated at around 18% with large institutional investors making up most of he transactions. India's markets are gradually developing infrastructure to compete with major financial hubs like Singapore where algorithmic trading makes up around 60% of daily volumes in equity markets.
Friday, 05/08/2011 | 09:05 GMT by
Adil Siddiqui
Japanese government intervenes to weaken Yen 3% price spike
Thursday, 04/08/2011 | 14:50 GMT by
Adil Siddiqui
Retail Forex Market Volume is $237 Billion/day - Latest Forex Magnates Quarterly Report
- What is found below is the most complete retail forex volumes survey and estimation that has been compiled in recent years. This survey is the result of discussions and surveys made with hundreds of brokers, liquidity and software providers and other market participants. Although this figure is not perfect it is as accurate as a survey of this very private market can get. This survey humbly started in Q2 2009 and two years later it encompasses almost all significant brokers out of a list of several hundred that operate in this market.
Thursday, 04/08/2011 | 12:15 GMT by
Michael Greenberg
SocGen FX increases market share on FXALL Q2 2011
- SGIB is keen to strengthen its FX trading arm. Over the last couple of years they have hired industry specialist from leading competitors like DB and BOAML. SocGen posted its Q2 figures earlier this week and they showed a 0.7% increae in FXALL's market share since Q1 2011.
Thursday, 04/08/2011 | 11:06 GMT by
Adil Siddiqui
High Frequency Low Latency Traders boosted by Chronos and CFN tie up
- High frequency traders using Chronos's Zardoz platform can now take advantage ulatr low latency trading with the offering of CFN's Alpha platform. The partnership means Chronos' sub-five microsecond tick-to-trade algorithmic trading suite, Zardoz, is hosted on CFN’s Alpha Platform™.
Thursday, 04/08/2011 | 08:57 GMT by
Adil Siddiqui
CFTC fines FXCM UK $140,000 for acting as a counterparty to US retail forex clients
- Update: FXCM published a statement which explains why this happened - basically FXCM was caught between CFTC's and FSA's rules whereas CFTC required FXCM to shut down US accounts, FSA required FXCM to provide sufficient notice.
Wednesday, 03/08/2011 | 22:14 GMT by
Adil Siddiqui
CME boasts 6% increase in FX volumes YOY
- More positive news for FX volumes on the back of The Foreign Exchange Committee's summary since the last quarter. CME Group, the world's leading and most diverse derivatives marketplace, announced July volume averaged 12.7 million contracts per day, up 17 percent from July 2010.
Wednesday, 03/08/2011 | 15:57 GMT by
Adil Siddiqui
Australian Retail Forex Boom Part I
- Forex Magnates recently did an article in their Q2 2011 Report covering the state of Forex in Australia. Through the research for this article, we discovered that FX is booming in Australia not only with existing brokerages but new shops are coming into play. One notable company is Synergy FX who recently opened for business, we sat down and interviewed Piers Cracknell of Synergy to get an inside look into why Forex is making waves down under. Second part of the overview will be an interview with an Go Markets's COO Chris Reynolds.
Wednesday, 03/08/2011 | 13:51 GMT by
Michael Greenberg
Penson expands retail FX with MT4
- Metatrader 4 is still going strong as the leading platform for retail FX traders, Penson Futures, a member of the Penson Worldwide and clearing member, has expanded its retail FX trading solution with the launch of MetaTrader 4 (MT4).
Wednesday, 03/08/2011 | 11:55 GMT by
Adil Siddiqui
SocGen offers liquidity in Currency Options
- Currency Options have generally been instruments the more experienced trader uses, with complex pricing structures, trading strategies and general understanding of the product. They make up around 10% of FX volumes (USA) and are starting to find a whole new breed of traders ready to add them to their trading portfolios.
Tuesday, 02/08/2011 | 18:00 GMT by
Adil Siddiqui
$30 Million Forex Ponzi Scheme unveiled
- Another one gets caught. The rise in Forex Ponzi schemes has been remarkable over the last two years. Culprits are misuing FX trading as a front, promising returns of over 10%. David R. Lewalski, formerly of Gainesville, Fla., pleaded guilty today to mail fraud in connection with his operation of a $30 million investment fraud scheme,
Tuesday, 02/08/2011 | 14:37 GMT by
Adil Siddiqui
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