brokers

FXCM and Boston Technologies parted ways some time ago after a lengthy and what seems an intense relationship. Reading between the lines of FXCM and BT's releases it seems the relationship didn't end well.

Tuesday, 24/01/2012 | 14:42 GMT by Michael Greenberg

Brokers

Ava FX receives ASIC approval, launches Australian office

Ava FX just announced that it was authorized by ASIC to start operating in Australia. Ava Capital Markets Australia will offer Ava's trading services to local and Asian traders. Australia has quickly become a major center for forex brokers trying to tap the Asian markets.

Tuesday, 24/01/2012 | 13:30 GMT by Michael Greenberg

Brokers

FXOptimax launches its own social network

FXOptimax, a small broker based in New Zealand, just announced the launch of several interesting features. Most interesting of them all is its own light version of a social network called Pipsbook.

Tuesday, 24/01/2012 | 08:33 GMT by Michael Greenberg

Brokers

Q4 2011 Forex Magnates Forex Industry Report is Available

Monday, 23/01/2012 | 12:37 GMT by Michael Greenberg

Analysis

Forex Magnates launches new design and a comprehensive Forex Directory

Monday, 23/01/2012 | 11:36 GMT by Michael Greenberg

Brokers

Forex Magnates is nominated in the FXStreet's person of the 2011 Year shortlist

Friday, 20/01/2012 | 09:33 GMT by Michael Greenberg

Brokers

IG shows positive growth 2011 (last 6 months)

IG Group a UK-based derivatives broker announced interim results for the latter end of 2011, results showed IG outperforming its peers with profit before tax up 28%.

Wednesday, 18/01/2012 | 21:02 GMT by Adil Siddiqui

Brokers

US forex brokers profitability report for Q4 2011 shows steep drop in number of US accounts amid increase in traders' profitability

US retail forex industry is now showing obvious signs of slow down with number of non-discretionary retail forex accounts held with US based reporting brokers down to record 97,206. This is the lowest count reported since Q3 2010 when first such report was released.

Wednesday, 18/01/2012 | 18:53 GMT by Michael Greenberg

Brokers

BNY Mellon reaches partial settlement in its civil suit

As was reported only a week ago BNY Mellon which was expected to settle has indeed partially settled the civil lawsuit launched against it by the NY States Attorney. As part of the settlement agreement BNY agrees to actually disclose how it executes transactions, refrain from certain representations and provide a comparison mechanism for pricing.

Wednesday, 18/01/2012 | 12:18 GMT by Michael Greenberg

Brokers

FXCM reports December 2011 monthly metrics

FXCM just reported its December 2011 metrics and also metrics for the full 2011 year. As expected volume in December was substantially lower than in November. The reason for this is both the holidays slowdown and relatively low volatility in the currency markets. December 2011 was more than 20% higher than December 2010 which shows FXCM's year on year growth.

Tuesday, 17/01/2012 | 21:38 GMT by Michael Greenberg

Brokers

FXPro shows strong volumes in 2011

2011 saw record volumes traded with the likes of Hotspot and EBS, volatility helped volumes grow however the credit crunch put pressure on brokerages and we saw US based Interbank FX get taken over by Monex. None the less brokers like FXCM, IG and FXPro have been continuing to show strong results.

Tuesday, 17/01/2012 | 13:58 GMT by Adil Siddiqui

Brokers

US retail forex capital grew by $3 million in November 2011

US retail forex capital held by FCMs, RFEDs and FCMRFDs - per CFTC's definitions - grew by most $3 million in November. These deposits describe the amount of retail forex funds held by American brokers - this may include funds not only from American clients.

Friday, 13/01/2012 | 11:59 GMT by Michael Greenberg

Brokers

CFTC issues an injunction against InstaTrade Corporation and ZTRADEFX LLC

Instatrade Corporation, aka Insta Forex, and Ztradefx LLC were two of the 14 firms sued by the CFTC early last year. Ever since most firms didn't bother to settle with the CFTC but some did. Last week we saw that FXOpen settled the case with the CFTC paying $140,000 fine.

Thursday, 12/01/2012 | 13:59 GMT by Michael Greenberg

Brokers

BNY Mellon may settle as part of the Federal Forex suit

After months of controversy surrounding issues over foreign exchange transactions, BNY Mellon, the world's largest custody bank, is continuing to work toward a settlement as part of a lawsuit filed by federal prosecutors.

Thursday, 12/01/2012 | 13:37 GMT by Michael Greenberg

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