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Interactive Brokers Reports Mixed Q2 2014 Metrics, Volumes Retreat -5% QoQ
2014-07-15T22:54:24.000+02:00
Interactive Brokers Group Inc. has just announced the release of its Q2 financial metrics ending June 30, 2014, which were highlighted by a notable decrease of trade volumes to the tune of -5% QoQ.
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FXCM's Retail Volume Dips 3% in June, as Institutional Figures Rocket Higher by 22%
2014-07-15T22:47:20.000+02:00
The company released volume numbers for the final month of the quarter with June marking $254 billion, which makes it one of the few brokerages to report their lowest figures on the retail side during in April.
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Mobile Advertising and the Quest for Cheaper Acquisition Costs and Quality Leads
2014-07-15T16:00:18.000+02:00
Over the last two years, much has been devoted to the importance of mobile trading for brokers. Covered much less has been mobile advertising, even as the medium may provide brokers with decreased acquisition costs.
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Leverate Strengthens Foothold in Australia as IC Markets Launches Sirix Platform
2014-07-15T14:06:52.000+02:00
After Pepperstone adopted the Sirix web platform in August 2013, Leverate now partners with another australian broker, IC Markets to offer the MetaTrader4-compatible trading solution to Australian clients.
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Brokers
Plus500 Shares Keep Falling on Overall Broker Weakness, Odey Asset Management a Buyer
2014-07-15T12:40:59.000+02:00
Shares of FCA regulated online forex and CFD broker, Plus500 (PLUS.L) continued to fall today following yesterday’s plunge. At a low of 345, shares fell 5% today, and have fallen over 100p since Friday’s high.
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Brokers
Mushegh Tovmasyan Parts Ways with Alpari to Become CEO at Divisa Capital
2014-07-15T04:57:56.000+02:00
Leaving the Russian Giant, Mushegh Tovmasyan is eyeing "aggressive growth" for his Divisa Capital Group LLC - "Big brokers intimidate b2b clients" - and takes pride at the newest recruit Norbert Lukasiewicz.
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Executive Moves
Credit Suisse Promotes Angie Ma to Newest Managing Director for Greater China
2014-07-14T19:37:05.000+02:00
Credit Suisse AG, the Switzerland-based financial services juggernaut has promoted company standout Angie Ma to the role of Managing Director and Sector Head for the entire Greater China region.
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Brokers
Myfxbook's Social Trading Platform AutoTrade Now Supporting Spotware's cTrader
2014-07-14T19:07:33.000+02:00
Australian IC Markets and Pepperstone are the first two brokerages supporting third party social trading on cTrader, as FxPro has already provided its SuperTrader copy trading service since last October.
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Brokers
FX Trading Volumes at Alpari Russia Lower by 5% in June to $88.5 bln
2014-07-14T16:44:49.000+02:00
During the second quarter of 2014 the Russian brokerage has reported FX trading volumes lower by 23.5% than in the first quarter, with activity on the local market not picking up materially after slumping in April.
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Brokers
New Product Spotlight: TopTradr Wants to Be the X-Factor of Trading
2014-07-14T15:18:05.000+02:00
In today’s New Product Spotlight, we take a look at mobile trading app, TopTradr. The app is a combination of emerging technologies in the forex industry, featuring part performance rankings and part social trading.
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Brokers
Ayondo Opens an Office in Singapore after Unifying Its Brand
2014-07-11T07:34:13.000+02:00
ayondo Holding AG is behind FCA regulated spread betting and CFD brokerage formerly known as Gekko Global Markets, renamed to ayondo markets Ltd and Frankfurt based social trading platform developer ayondo GmbH.
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Breaking News: BT Prime & Boston Prime Face Injunction Order in Alleged Ownership Dilute
2014-07-10T21:49:56.000+02:00
Forex Magnates reveals that Supreme Court of Belize grants injunctions against BT Trading, BT's CEO George Popescu and Alpha Services Limited, after a court filing by former Boston Technologies’ COO Kevin Millien.
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Brokers
Saxo Bank Reports Delayed May Volume Metrics, Lacklustre Trend Continues in June
2014-07-10T18:25:59.000+02:00
An increase by 9% during the month of May was followed by a modest decline in June by 2.5% marking a rebound from multiyear lows which Saxo reported in the month of April, average daily volumes totalled $10.8 billion.
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Brokers
June Retail Volumes at GAIN Capital down by 7%, as Institutional up by 5%
2014-07-10T14:12:17.000+02:00
Active retail trading accounts have dropped by 1% in June, as OTC trading volumes have dropped to $166 billion, while institutional investors have accounted for about $480 billion during the month, 30% higher over last year.
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Brokers
GO Markets Latest Broker to Launch Binary Options, Taps TradeToolsFX for Technology
2014-07-09T19:38:28.000+02:00
GO Markets became the latest retail forex broker to begin to launch binary options trading to its clients. Soft launched to some clients last month, the product has been fully rolled out to their customer base today.
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Executive Moves
ITRS Group Taps Guy Warren as CEO, Succeeding Kevin Covington
2014-07-09T18:13:56.000+02:00
ITRS Group Ltd, a global technology provider for investment banks, currency exchanges and brokers, has tapped Guy Warren as its newest Chief Executive Officer, succeeding Kevin Covington, who is slated to remain with the company.
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Brokers
Skrill appoints former Weve CEO David Sear as new CCO
2014-07-09T15:29:00.000+02:00
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Interviews
Peter Tatarnikov Reveals Benefits for Brokers Via the Financial Commission
2014-07-09T06:26:33.000+02:00
Peter Tatarnikov checked to weigh the mutual benefits for both traders and brokers in relying on the Financial Commission for mediation.
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Analysis
The Forex Magnates' Tel-Aviv Meet-Up Is Here!
2014-07-08T10:28:59.000+02:00
With lots of great food, free drinks for early comers and Brazil-Germany’s World Cup titans clash, everything is set for the biggest Forex industry’s event in Israel tonight at Gordon beach. See you there!
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Brokers
CFTC May FCM Financials - Client Funds Rise
2014-07-08T02:33:40.000+02:00
May FCM Financials reported by the CFTC show an increase in Retail Forex funds. The trend of brokers contracting continues however political tensions in the middle east bring back traders to the markets.
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Analysis
Forex Magnates' Tokyo Summit 2014 Is Just Three Weeks Away!
2014-07-08T00:12:11.000+02:00
Japan’s premier margin FX gathering takes place in less than a month. This is the time to Join the industry's executives at the prestigious Hotel Mandarin, a top notch venue for exploring exciting opportunities.
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Is the Largest Internet Conglomerate in China about to Launch a Binary Options Brand?
2014-07-07T11:02:20.000+02:00
Chinese tech giant, Tencent QQ has partnered with the leading financial data terminal in the Asian market to run a Binary Options trading contest which could be its first step to entering the FX field.
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Interviews
WorldWideMarkets’ Bassam Maalouf, Weighs FX Broker’s Entry in Middle East
2014-07-07T05:00:09.000+02:00
“Meet The Experts” reached out to one of the most distinguished fx specialists in the Middle East, Bassam Maalouf.
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Analysis
Chinese State TV Warns about FX Trading, Cites IFX and SFX as Culprits
2014-07-06T16:34:31.000+02:00
In a Chinese CCTV’s "FX speculation black platforms" story, traders who lost their money lamented suspicious brokers’ malfunction. Forex Magnates brings the translated transcript of the news report.
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Brokers
Global Futures Exchange and Trading Co Hit with NFA Complaint
2014-07-06T10:48:15.000+02:00
The National Futures Association (NFA) published last Friday six separate complaints it has issued against member firms which were filed on June 30th. Among those issued complaints was Global Futures and Trading.
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