brokers
Alpari to sponsor NBA's New Jersey Nets
- This adds to Alpari's ongoing sponsorship of the New York Knicks, New York Rangers and the Madison Square Garden. It seems Alpari are step by step increasing their presence and advertising in United States. It also seems that some brokers have a preference for certain types of sports and they invest most of their marketing budget in the same vertical
Monday, 09/01/2012 | 09:54 GMT by
Michael Greenberg
Fidessa launches FX trading for the Buy Side
- Fidessa a leading technology solutions provider to buy side financial management firms has launched FX trading execution services.
Monday, 09/01/2012 | 08:32 GMT by
Adil Siddiqui
CFTC halts NADEX's political binaries
- Trust CFTC (and NFA) to kill any interesting initiative in the financial markets. Because if anything these political binaries are responsible for all the global financial problems, flash crash and greedy banks taking tax payers' money to pay fat bonuses...
Thursday, 05/01/2012 | 20:30 GMT by
Michael Greenberg
FXOpen settles with the CFTC for accepting US clients
- This was one of the biggest news last year - CFTC sued 14 forex firms (and then 11 more) for various infringements of its laws including accepting US clients. Some firms (offshore ones) decided to ignore this all together and keep accepting American clients, some stopped accepting them but didn't settle and some managed to settle the case.
Thursday, 05/01/2012 | 19:25 GMT by
Michael Greenberg
GFT launched iPad version of its DealBook platform, rebrands as GFT Markets
- GFT just launched its iPad version of its trading platform and visually it looks great. As a matter of fact most of platforms look great on iPad simply because it has a much bigger screen than a smartphone allowing more flexibility and better design.
Thursday, 05/01/2012 | 12:24 GMT by
Michael Greenberg
DGCX 2011 Annual Volumes Rise 110% to Record Over 4 Million Contracts
- Annual volumes for 2011 on the Dubai Gold and Commodities Exchange (DGCX) registered a substantial growth of 110% from 2010 to reach 4,044,138 contracts, the highest ever annual volumes achieved by the Exchange since inception. The annual volumes represent a value of $185.13 billion.
Wednesday, 04/01/2012 | 09:26 GMT by
Michael Greenberg
InovaTrade may very well be the next forex brokerage scam
- Although there were quite a few red flags about this brokerage available all over the internet (forexpeacearmy for instance and others) and even CFTC suing them for accepting American clients I didn't take much notice. This is because I don't think that CFTC should be allowed to impose its requirements on foreign brokers and also that there are bad reviews (sometimes very bad) about the most decent brokers - it's just the nature of this business.
Monday, 26/12/2011 | 16:42 GMT by
Michael Greenberg
FXCM takes $75 million credit facility
- FXCM just took a revolving credit facility - much similar to Gain who took $50 million back in October. It's interesting why FXCM is doing that as it according to its Q3 2011 report it has over $177 million in cash and cash equivalents. This may be because FXCM is rolling its existing debt (if it has any), planning a big acquisition or more likely - realized that it is can arbitrage the value of its stock (interest, dividends, etc) and the cost of this credit facility.
Wednesday, 21/12/2011 | 08:52 GMT by
Michael Greenberg
Singapores CFD Market grows 4% according to research
- Singapore has a well established financial services industry and margin products have been popular amongst retail investors. New research according to Investment Trends (Australian based research consultancy) found that the CFD market has grown 4%, with 4000 new traders entering the market and 3000 returning back.
Monday, 19/12/2011 | 17:33 GMT by
Adil Siddiqui
Nadex to launch Political binary options
- Nadex is the only authorized binary options provider in the US although many foreign binary option brokers market to American clients. Nadex is an exchange and in order to trade binaries you need to become a member. Political binaries will allow traders to basically trade on the outcome of the coming political elections. You could basically bet who's going to be the next President.
Monday, 19/12/2011 | 13:42 GMT by
Michael Greenberg
CFTC orders Gain Capital to pay a client $10,000 for lost profits
- CFTC just published its decision in a case of Robert West vs. Gain Capital and Glenn Stevens ordering Gain to pay West $10,000 for lost profits. The whole case is a fascinating read of how a regulated forex broker handles a complete novice in the forex market and how this can sometime backfire
Monday, 19/12/2011 | 08:51 GMT by
Michael Greenberg
CFTC's Statement Regarding MF Global funds - We are still looking for them
- CFTC just released a statement about the final location of the missing MF Global customer funds - basically they say they are making good progress at tracking them but still cannot confirm that all funds are accounted for.
Thursday, 15/12/2011 | 15:34 GMT by
Michael Greenberg
HotSpot posts lower trading volumes in November 2011 - $55.8 billion a day
- Hotspot FX posted an average daily volume (ADV) figure of $55.8 billion with a total volume of $1,226.5 billion transacted for the month of November 2011. The platform accounted for 8.64% of spot electronic foreign exchange volumes, in relation to publicly reported venues.
Thursday, 15/12/2011 | 08:35 GMT by
Michael Greenberg
FXCM Reports Monthly Metrics for November 2011 - active accounts at peak, volume steady
- FXCM just reported its numbers for November 2011 - while total number of active accounts is at peak (162,166), retail forex volume is a little bit higher than in October 2011 (probably because in October there were 22 trading days and not 21 like in November). Institutional forex volume however is FXCM's second best ever.
Wednesday, 14/12/2011 | 21:52 GMT by
Michael Greenberg
US retail forex capital grew by $30 million in October 2011
- Conversely to the September 2011 where US retail forex deposits shrank by $20 million, in October total amount of retail forex obligations by American FCMs and RFEDs grew by $30 million. It seems there's quite a volatility month on month in terms of how much money retail forex traders (not only American ones) are holding at the American retail forex brokers. This may be due to variety of reasons such as more aggressive marketing, traders' profitability, acquisitions, etc.
Monday, 12/12/2011 | 11:54 GMT by
Michael Greenberg
Russian newspaper publishes estimates of the local forex industry - research has never been as misleading
- I was actually going to ignore this 'research' but since just about everybody who speaks Russian sent it to me I decided to highlight it here. The research was conducted by a pretty known and respectable (until now) Russian newspaper called Interfax. The research itself is impressive in volume (91 pages) and is presented in an easy to read format.
Wednesday, 07/12/2011 | 17:15 GMT by
Michael Greenberg
End of year effect - ICAP's forex volumes down 11%
- Marking the usual end of year slow down in trading volumes, as many traders eliminate positions, which was already felt in October since the summer's peak - ICAP's fx volumes were down 11% year on year. Below you'll find ICAP's daily FX volumes averages month by month for the past 2 years. Excluding this summer's peak - overall trend is not positive.
Tuesday, 06/12/2011 | 19:50 GMT by
Michael Greenberg
DGCX November volumes rise 121 % year-on-year, currency futures represent 90% of total volume, Alpari gets license to trade for clients
- DGCX currency futures were the main driver of the growth in trading volumes in November accounting for almost 90% of total volumes. Currency futures volumes increased 200 % on last year to touch 396,740 contracts in November 2011. Indian Rupee futures volumes in November reached 379,811 contracts, a substantial increase of 310% from last year’s November volumes.
Tuesday, 06/12/2011 | 10:35 GMT by
Michael Greenberg
FXCM moves retail MT4 support in-house, keeps institutional business with Boston Technologies
- FXCM and BT have certainly had one of the biggest broker-software provider relationships in the past years. BT for about three years now was supplying and supporting all aspects of FXCM's MT4 business - retail and institutional.
Monday, 05/12/2011 | 16:24 GMT by
Michael Greenberg
F for Forex, F for Finland - a discussion with FinFX
- The world of Forex has been finding its place in every part of the globe, each country can boast at least one Forex trader and now brokers are propping up from all over. FinFX an FX broker based in Finland seems to be pushing the right buttons as they have been successfully positioning themselves as an alternative for FX and in particular EA trading.
Thursday, 01/12/2011 | 22:47 GMT by
Adil Siddiqui
eToro soft launches MT4
- Without any official announcement or promotions eToro have recently soft launched the MT4 platform. While to some it may sounds trivial as it's another broker adding the popular MT4 to the list of its platforms - in case of eToro it's not trivial at all.
Thursday, 01/12/2011 | 13:41 GMT by
Michael Greenberg
FXCM releases browser based version of its Trading Station platform and more robust dailyfx signals
- FXCM introduces it web based version of the award winning FXCM Trading Station platform. FXCM Trading Station Web provides easier access to the forex market, combining uncomplicated trader functionality with an advanced GUI. This advanced web-based platform is fast, robust and exactly what FXCM clients have been asking for.
Thursday, 01/12/2011 | 12:03 GMT by
Michael Greenberg
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