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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.
Wednesday, 19/10/2011 | 14:29 GMT by
Michael Greenberg
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.
Tuesday, 18/10/2011 | 13:25 GMT by
Michael Greenberg
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.
Tuesday, 18/10/2011 | 11:27 GMT by
Michael Greenberg
MF Global acquires Strategy Runner for $3.75m
- Strategy Runner is a combination of an advanced charting package and a strategy exchange where a retail trader can pick from hundreds of trading strategies - mainly for the futures industry. It's a very interesting deal for MF, especially given the announced price, the question is how will dozens of Strategy Runner clients react to these news. Having met the Strategy Runner team sometime ago I can only say that MF has invested here not only in technology but also in great people.
Monday, 17/10/2011 | 16:15 GMT by
Michael Greenberg
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.
Monday, 17/10/2011 | 15:41 GMT by
Michael Greenberg
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.
Monday, 17/10/2011 | 09:39 GMT by
Michael Greenberg
PayRetailers Supporting American Rugby Superleague in LATAM
- The partnership focuses on building a solid sports infrastructure in LATAM.
Monday, 14/03/2022 | 09:11 GMT by
PayRetailers
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.
Monday, 17/10/2011 | 08:29 GMT by
Michael Greenberg
China braces itself for Quant and High Frequency Traders
- China's financial capital will be hosting the first ever dedicated conference on Quantitative and High Frequency Trading. The event known as "Inaugural Quant Invest & HFT Summit APAC 2011" will be held at the renowned Crowne Plaza Hotel, Shanghai on the 7th till 9th December 2011.
Sunday, 16/10/2011 | 20:52 GMT by
Adil Siddiqui
Metaquotes launches the MQL5 Cloud Network for EAs testing
- This basically bridges EA developers and providers on one hand and owners of resources on the other allowing a more advanced and robust EA optimization process. You can download the Metatrader 5 Strategy Tester Agent here.
Friday, 14/10/2011 | 13:08 GMT by
Michael Greenberg
State Street faces class action suits over forex prices
- Two subsidiaries of State Street Corp. were hit Wednesday with a proposed class action on behalf of several retirement funds alleging the financial services company added an undisclosed mark-up in foreign exchange transactions.
Friday, 14/10/2011 | 08:34 GMT by
Michael Greenberg
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.
Friday, 14/10/2011 | 07:35 GMT by
Michael Greenberg
Interbank FX releases a Future of Algorithmic Trading infographic
- Interbank FX releases a Future of Algorithmic Trading infographic
Thursday, 13/10/2011 | 17:48 GMT by
Michael Greenberg
Will US Treasuries Role Change Forever Amid Ukraine?
- Can US Treasuries still be seen as “neutral money”?
Monday, 14/03/2022 | 09:00 GMT by
Activtrades
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.
Thursday, 13/10/2011 | 17:33 GMT by
Michael Greenberg
RBA beleives Forex is 'self regulated'
- The Reserve bank of Australia believes that Forex (asset class) is a self regulated financial instrument and is functioning effectively. This is in light of the recent BIS report on High Frequency Trading in Financial Markets.
Wednesday, 12/10/2011 | 11:09 GMT by
Adil Siddiqui
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.
Tuesday, 11/10/2011 | 22:25 GMT by
Michael Greenberg
Ray White and CRW Management to pay over $19 million in forex fraud case
- Washington, DC - The U.S. Commodity Futures Trading Commission (CFTC) obtained federal court consent orders resolving its remaining claims against defendants Ray M. White and CRW Management LP (CRW) and relief defendants Christopher R. White and Hurricane Motorsports, LLC, all of Mansfield, Texas.
Tuesday, 11/10/2011 | 22:01 GMT by
Michael Greenberg
CFTC Obtains Default Judgment against Barki LLC in a $38 Million Forex Ponzi Scheme
- Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that the U.S. District Court for the Western District of North Carolina entered an order of default judgment and permanent injunction against Barki, LLC of Mint Hill, N.C.
Tuesday, 11/10/2011 | 21:54 GMT by
Michael Greenberg
FSA enhances Client Protection to include Spot Forex
Tuesday, 11/10/2011 | 14:26 GMT by
Adil Siddiqui
Brokers Leveraging CeFi Products to Access DeFi Opportunities
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Friday, 11/03/2022 | 12:00 GMT by
Trustology
Capital Markets Board of Turkey threatens to sue 32 forex websites - but some of them are not even operational
- Capital Markets Board of Turkey, announced that they are going to file a criminal complaint for the 32 forex websites, which are still active after 31 August 2011 after they have released communiqué.
Monday, 10/10/2011 | 11:35 GMT by
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