brokers
Gain Capital reports Q2 2011 quarterly results - Net Revenue up 38%
Thursday, 28/07/2011 | 20:48 GMT by
Michael Greenberg
BNP Paribas ready to launch its Global Prime Brokerage services
Thursday, 28/07/2011 | 08:53 GMT by
Adil Siddiqui
Forex and Sports - match made in heaven or vanity marketing?
- Forex broker/dealers have recently been sponsoring major sport teams to have their logo displayed in front of millions of fans. Their primary goal is to promote their brand as well as legitimize the industry as a whole. FXPro sponsors Fulham and Aston Villa, well-established English soccer teams, as well as AS Monace, one of France’s leading clubs. MIG is a sponsor of the Mercedes F1 team with Michael Schumacher as one of their
Wednesday, 27/07/2011 | 15:15 GMT by
Guest Contributors
Saxo Bank and Leverate publish official statement about the investment, launch www.saxoleverate.com
- This announcement today confirms what was already published yesterday on Forex Magnates. Forex Magnates was able to confirm that few days ago Saxo Bank acquired 25% of Leverate (as officially confirmed below) for an estimated $12.5 million (not confirmed by either company).
Wednesday, 27/07/2011 | 08:14 GMT by
Michael Greenberg
Decline of $10 billion in average daily volume in spot transactions - United States
Tuesday, 26/07/2011 | 10:21 GMT by
FMAdmin Someone
Saxo Bank acquires 25% of Leverate for $12.5 million
Tuesday, 26/07/2011 | 08:34 GMT by
Michael Greenberg
DGCX to launch Indian Rupee Options Contract in September
Monday, 25/07/2011 | 18:07 GMT by
Michael Greenberg
Saxo is expanding with average client deposit reaching 50K USD - Claus Nielsen, Global Head of Trading
Thursday, 21/07/2011 | 10:37 GMT by
FMAdmin Someone
HotSpot volume jumps 79% year on year
- June 2011 continued the strong performance trend experienced in May 2011, with volumes just below May’s record levels. Average daily volume was $66.6 billion and total volume was $1,464.9 billion. Q2 2011 was a record in all areas for Hotspot, exceeding the prior mark set in Q1 2011. . Hotspot also reached a new milestone in Q2, with over $4 Trillion transacted on the platform.
Thursday, 21/07/2011 | 09:22 GMT by
Michael Greenberg
IG Group publishes 2011 results - Net Revenue up 7%, Clients up 11%
- IG Group just reported its results for the 2011 fiscal year (for IG it ends on May 31st). Bottom line is that IG's Net Revenue is up 7% to £320.4 million. Number of clients grew 11% year on year (13% if excluding Japan).
Wednesday, 20/07/2011 | 12:43 GMT by
Michael Greenberg
CitiFX Pro Named Best Retail Platform by FX Week
- New York and London – CitiFX Pro has been named “Best Retail Platform” by FX Week at their 2011 e-FX awards. The award recognizes industry excellence in a bank or vendor platform designed for electronic foreign exchange trading by individuals and small institutions.
Tuesday, 19/07/2011 | 16:28 GMT by
Michael Greenberg
Industry Updates: City Index, FXAll, Getco
- Industry Updates: City Index, FXAll, Getco
Tuesday, 19/07/2011 | 13:05 GMT by
Michael Greenberg
ISDA concerned about Netting in OTC markets
- ISDA a global association working to increase efficiency in OTC derivatives markets highlights the need for greater efficiency in Netting. Netting is a risk management tool used to reduce settlement and credit risk in OTC FX trading between counterparties.
Tuesday, 19/07/2011 | 12:02 GMT by
FMAdmin Someone
Alpari to sponsor West Ham United
- Looks like our article about Forex and Sports (in the Q2 2011 report which will become available tomorrow evening) was spot on as the trend of Forex broker sponsoring various sport teams continues. Alpari just announced that it'll sponsor West Ham United during the next three years. West Ham was relegated to the Championship league from the Premier league last season but it has a large supporters base in London.
Tuesday, 19/07/2011 | 07:13 GMT by
Michael Greenberg
NFA sanctions Capital Market Services $75,000 mainly for multiple platform outages
- National Futures Association (NFA) has imposed a monetary sanction of $75,000 against Capital Market Services LLC (CMS), a Futures Commission Merchant located in New York, New York. The Decision, issued by NFA's Business Conduct Committee, is based on an NFA Complaint filed in May 2011 and a settlement offer submitted by CMS.
Friday, 15/07/2011 | 06:26 GMT by
Michael Greenberg
Alpari announces that it reached a $210 billion volume in May 2011
- This is pretty steep and shows a high growth for the company, well beyond industry averages. Forex Magnates latest retail forex market volumes report will show an average daily volume of $237 Billion and almost $5 trillion monthly. Most retail forex brokers grew in volume, but at a lower pace than what Alpari here claims.
Thursday, 14/07/2011 | 11:06 GMT by
Michael Greenberg
Gold-i Announces Partnership with Smart Live Markets and Swissrisk
- Recently Gold-i announced a partnership with Swissrisk Partners to offer a unique pricing index for Smart Live Markets. This announcement caught our attention for several reasons, so we reached out to Paul Hare, Director of Trading at Smart Live Markets and Tom Higgins, CEO of Gold-i. Smart Live Markets is one of the first MT4 brokers that offers spread betting. The spread betting status gives a tax advantage to traders in the UK. Financial spread betting is free from capital gains tax and stamp tax.
Wednesday, 13/07/2011 | 09:30 GMT by
FMAdmin Someone
FXDD is offering a deposit bonus to Dukascopy's clients moving their accounts
- FXDD recently sent this email to existing Dukascopy's clients who already moved over and is making this known to the wide public as well. Yesterday Alpari too published a promotion trying to attract as many Dukascopy's clients as possible.
Tuesday, 12/07/2011 | 09:38 GMT by
Michael Greenberg
CySec fine GIGFX and FXYard for showing operations out of Cyprus despite not being regulated
- CySec has just announced (it's in Greek) that it had fined both GIFX and FXYard for stating that they operate out of Cyprus despite not being registered with the commission. CySec fined GIGFX 5,000 euro because it intended to submit application to CIF.
Tuesday, 12/07/2011 | 09:27 GMT by
Michael Greenberg
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