brokers
Executive Interview: Akram Majed - Integration Among Peers - Next Steps in a Fragmented Platform Market
- Trading platforms have been a pivotal component in the Retail FX market, however with providers hitting a glass ceiling in a congested marketplace, integration is the next course of action, says Akram Majed.
Friday, 06/06/2014 | 12:41 GMT by
Adil Siddiqui
Analysis: Can Abenomics Revive Japanese FX Brokers’ Declining Volumes?
- After GMO Click, DMM Securities and Monex Inc all saw low volumes in May, it seems that the only triggers for stimulating trade in the forex giant are monetary easing or the Abenomics’ promised structural reform.
Friday, 06/06/2014 | 00:01 GMT by
Victor Golovtchenko
K Duker Leaves OANDA's Executive Committee after Six Years at the Company
- The interim CEO of the firm who spent eighteen months at the helm, is leaving OANDA's Executive Committee after spending six years and steering the company's efforts to expand its presence in the Asia-Pacific region.
Thursday, 05/06/2014 | 23:09 GMT by
Victor Golovtchenko
Alpari UK Embraces Change with a Capital 'C'
- Key personnel changes at Alpari UK coupled with product displacements, highlights the difficulties a low-volatile, low-volume trading environment has on the retail arm of the most liquid asset class, FX trading.
Thursday, 05/06/2014 | 19:32 GMT by
Adil Siddiqui
FX Volumes at DMM.com Securities Shed Another 7.5% in May
- While the Euro volatility has picked up markedly throughout the month of May, the Japanese yen did mark new lows and has reaffirmed its range trading stance throughout the first half of 2014, affecting volumes out of Japan.
Wednesday, 04/06/2014 | 16:00 GMT by
Victor Golovtchenko
GMO Click May Volumes Down -12.6% MoM, Lower for Fourth Consecutive Month
- The industry-wide pandemic of waning monthly metrics by forex brokers continued today with the release of GMO Click’s May volumes, showing a -12.6% fall MoM in fx volumes to $530 billion (¥54.38 trillion).
Wednesday, 04/06/2014 | 07:10 GMT by
Jeff Patterson
Monex Group Reports May Metrics, Global FX Volume Declines to $32.8 Billion
- Monex Group Inc has just released its trading metrics in the month ending May 2014, yielding another monthly decline in Global FX Volume to $32.8 billion, from $33.3 billion in April (-1.5% MoM).
Wednesday, 04/06/2014 | 05:51 GMT by
Jeff Patterson
ThinkLiquidity Introduces Extended Risk Management Product Suite
- ThinkLiquidity, a leading risk management and technology firm, has announced an expansion of its technology and services portfolio, fortifying an already extensive risk management offering for brokers.
Tuesday, 03/06/2014 | 17:42 GMT by
Jeff Patterson
Interactive Brokers Reports May 2014 Trading Metrics, DARTs Decrease by 10% MoM
- The total client equity of Interactive Brokers reached $51 billion during the month of May 2014, just 3% higher than the April figure but an impressive 35% increase compared with the previous year.
Monday, 02/06/2014 | 16:58 GMT by
Avi Mizrahi
Binary Options from Dukascopy Group Go Live through Dukascopy Bank
- After several months of beta testing on the demo platform, the event makes the swiss company the first real bank to offer the relatively new financial tool to cater to the needs of retail investors.
Friday, 30/05/2014 | 19:06 GMT by
Victor Golovtchenko
Dukascopy Bank's Net Profits Increased by over 30% in 2013 According to Annual Report,
- The annual report additionally details that client deposits increased by over 13% which led to higher trading volumes and higher incomes in the financial year of 2013 compared to the previous year.
Thursday, 29/05/2014 | 12:08 GMT by
Avi Mizrahi
Exclusive: FXCM to Enter Prime Brokerage Space with Prime of Prime Solution
- Announced at the iFX Expo in Cyprus, Forex Magnates learns first-hand that FXCM is entering the Prime Brokerage space, with its latest launch expected to complement its existing business model of partners.
Wednesday, 28/05/2014 | 12:38 GMT by
Steven Hatzakis
OzForex FY2014 Net Profit after Tax $20.1M, 8.1% Ahead of Forecast, Revenues +40% YoY
- Australia-based publicly listed FX broker which operates its Travelex branded international payments platform, and Forex business lines, among other divisions, reported metrics for the 12 months ending March 31, 2014.
Wednesday, 28/05/2014 | 12:02 GMT by
Steven Hatzakis
Saxo Bank Opens Abu Dhabi Office, Headed by New Hire, Filippo De Rosa
- Earlier in the year it was reported that Saxo Bank was intending to expand its Middle East presence with the launch of an office in Abu Dhabi, UAE. Today, the broker has announced the official launch of the office.
Wednesday, 28/05/2014 | 11:02 GMT by
Ron Finberg
iFX Expo Cyprus 2014 Kicks Off, Full Capacity Reached for Day One
- The event has started off with a splash at the Grand Resort Limassol welcoming party, hosted by ConversionPros and attended by the vast majority of industry professionals under the sunny blue skies in Limassol.
Wednesday, 28/05/2014 | 07:15 GMT by
Victor Golovtchenko
Bitcoin Set to Take Center Stage at the IFX Expo Digital Currency Panel
- While people talked about them at last year's event, they mostly remained a curiosity. This year, bitcoinsare quickly becoming mainstream among forex brokers, leading to Thursday's digital currency panel discussion.
Tuesday, 27/05/2014 | 10:08 GMT by
Ron Finberg
Breaking: Citadel Securities Expands into FX Market-Making, Teams up with Shift Forex
- One of the leading equity and options market makers in the US, Citadel Securities LLC, has announced that it will add FX to its portfolio of liquidity offerings, teaming up with consultancy firm Shift Forex
Tuesday, 27/05/2014 | 05:00 GMT by
Victor Golovtchenko
X-Trade Brokers Dom Maklerski's 2013 Net Income Rebounds to USD 27M (80PLN)
- The group company operating the XTB brand as well as other subsidiaries under its umbrella, reports consolidated operating revenue of PLN 240 million for 2013, rebounding 41% from PLN 170 million reported for 2012.
Monday, 26/05/2014 | 18:57 GMT by
Steven Hatzakis
Alpari RU Expands Client Coverage with Yuan, Shekel, Lira and Rand Offering
- Increasing its slate of available trading instruments, Alpari RU has announced the launch of six new forex pairs. Heading the list are the USD/CNH and USD/ILS which are new currencies to appear at the RU unit.
Monday, 26/05/2014 | 14:26 GMT by
Ron Finberg
Exclusive: eToro Solidifies UK Operations with Appointment of Paul Chrimes as Director
- Since become licensed by the FCA in 2013, social trading broker eToro has been migrating its operation towards the UK. Solidifying their presence in the country, they have appointed Paul Chrime as UK Director.
Monday, 26/05/2014 | 11:20 GMT by
Ron Finberg
Executive Interview: "Thinking Purple" with David Kasper, CEO of Purple Technology
- In this week's Executive Interview, Forex Magnates spoke with David Kasper, CEO and Co-Founder of Purple Technology and Axiory to learn more about the two companies and their MultiTrader platform.
Friday, 23/05/2014 | 08:13 GMT by
Ron Finberg
April Volume Numbers at Alpari Russia Slump by 18% on a Monthly Basis
- The Russian arm of the brokerage is reporting its volumes have fallen back to just below February levels of $107.7 billion following a rebound in March which concluded a very volatile quarter for the company.
Thursday, 22/05/2014 | 14:23 GMT by
Victor Golovtchenko
IG Group to Miss FY2014 Revenue Expectations as FX Volumes Tumble Recently
- IG Group has issued what is expected to be its final Trading Update before it closes its 2014 Fiscal Year which ends on June 1st. Citing weakness in the FX market, IG Group expects revenues to fall below expectations
Thursday, 22/05/2014 | 06:53 GMT by
Ron Finberg
Exclusive: Nikos Antoniades Takes over at the Helm at easy-forex from Michael Konnaris
- The company's current CEO Michael Konnaris is to step down, following his 8 year career at the company, as ex-CFO Nikos Antoniades is getting promoted to lead the company after serving only 7 months as CFO.
Wednesday, 21/05/2014 | 16:00 GMT by
Victor Golovtchenko
New Product Spotlight: Addison Churchill and Their Growth Capital Model
- In today’s new product review we take a look at Addison Churchill. Different than previous New Product Spotlights, Addison differs as it isn’t per-se launching a new product, but a unique business model.
Wednesday, 21/05/2014 | 15:42 GMT by
Ron Finberg
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