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Analysis
Global FX Volumes Jump 30%, Latest BIS FX Triennial Survey
2013-09-05T18:53:27.000+02:00
The Bank of International Settlements has published the first phase of its triennial findings for its three yearly global FX survey. Markets are up 30%, average daily volume at $5.3 trillion.
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Monex Group YoY Volumes Up 33% in August
2013-09-05T08:46:18.000+02:00
Global FX giant Monex Group has announced trading metrics for August 2013. The firm saw a 33% increase in monthly volumes from 2012 figures. Month on month volumes dipped less than 1%.
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Gain Capital's Share Price Skyrockets, Crosses the $9 a Share Level
2013-09-04T22:18:00.000+02:00
Gain Capital's share price exceeds its previous 52 week by passing the formidable $9 mark. The NYSE listed broker saw its share price rise as much as 21% hitting a new high.
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FXCM Independent Director James Brown Disposes of Stock, Reduces Stakeholding
2013-09-04T11:07:51.000+02:00
Independent FXCM Director James Brown has filed a notice with the Securities and Exchange Commission that he has disposed of a substantial amount of company stock, reducing his shareholding down to 100,000 shares.
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Liga Forex Social Trading Network To Be Launched - China on the Agenda
2013-09-04T09:58:12.000+02:00
E-Global Trade and Finance Group today announced the forthcoming Launch of Liga Forex, its new social trading network, which will be unveiled at the CIOT Expo in China on September 13.
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Bforex Launches TradeNetworks Technology Division as Independent Unit
2013-09-04T08:07:13.000+02:00
Bforex Holding Group, the operator of the Bforex, FXGM, and numerous other forex brokerage brands has become the latest firm to introduce its technology division, Tradenetworks, as an independent unit.
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Interactive Brokers Volumes and Net Deposits Spike in August YoY
2013-09-04T01:14:10.000+02:00
US based multi asset broker, Interactive Brokers, has announced positive trading figures for the month of August. Both average daily trades and customer equity were up, exceeding 30% from figures reported in 2012.
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GMO Click August Volumes Back Below $1 Trillion
2013-09-03T17:26:27.000+02:00
Following back to back months of record breaking monthly volumes above $1 trillion, GMO Click, the world’s largest retail broker by volume has reported a 25% decline in its August activity.
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Forex Magnates To Host its Annual London Executive Summit In November
2013-09-03T15:00:46.000+02:00
Forex Magnates is pleased to announce the 2013 London Summit, which will be held in November at the St Pauls Grange Hotel, in London's financial district, furthering the success of last year's fixture.
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TradeSmarter Takes Stock of Future With Offer of $3 Million in Funding
2013-09-03T12:25:22.000+02:00
After 3 and a half years without investment, TradeSmarter has spoken to Forex Magnates in order to detail its means of moving forward, including potential investment of $3 million from a major FX firm and new corporate direction.
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Alpari Adds Binary Options To Its Offering Via Two Platforms Depending On Region
2013-09-03T11:48:40.000+02:00
Alpari today announces the introduction of binary options trading facilities to its clients. In Russia and the CIS region, the MarketsPulse platform will be offered, whereas in the United Kingdom, SpotOption provides the platform.
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August Forex Industry Review: Month of MetaQuotes
2013-09-02T14:23:29.000+02:00
MetaQuotes led the headlines during August as it announced broker partnerships and the upcoming release of new products and initiatives. Elsewhere, CySec made headlines with a proposed rule that was ultimately shelved.
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Saxo Bank Launching Transparency Page With Monthly Volumes and Deposits
2013-09-02T11:56:33.000+02:00
In anticipation of issuing its August volume figures, Saxo Bank has announced the launch of a new ‘Transparency Page’, by stating its “commitment to increased transparency within the financial industry”,
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Executive Interview: Paul Belogour, CEO and Founder, BMFN Ltd
2013-08-30T09:28:56.000+02:00
BMFN Ltd has garnered a client base in the Far East by offering a turnkey solution. The company's founding Director Paul Belogour speaks to Forex Magnates with regard to providing solutions in new markets.
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Market Are Buyers, But Insiders Are Sellers of GAIN Capital Stock
2013-08-29T15:51:49.000+02:00
Traders have been buyers of GAIN Capital stock following its second quarter earnings report earlier this month. On the other hand, taking advantage of the rally, GAIN insiders have been sellers, as shares hit a 52 week high.
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Pepperstone Launching Sirix HTML Webtrader
2013-08-29T11:25:46.000+02:00
Australian broker, Pepperstone, has announced the launching of a new HTML5 webtrader. For the endeavor, the company has partnered with technology provider, Leverate, to license their newly updated Sirix webtrader.
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Finam and WhoTrades – New Arrivals to Social and Forex Trading
2013-08-29T11:21:11.000+02:00
Russian Finam is hardly a new entrant to the brokerage world. The firm is one of the largest retail brokers in Russia. New to the company is its forex division, FinamFX, as well as social trading venture, WhoTrades.
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Caveat Emptor! New Zealand FMA Warns About Attempt To Dupe Clients
2013-08-29T11:04:38.000+02:00
New Zealand's FMA has today issued a warning concerning what it considers to be unrealistic and misrepresenting claims regarding the potential attainable returns from investing in Phoenix Forex's Oak FX system.
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Exclusive: CySec Calling – 24option Gets Regulated
2013-08-29T10:06:06.000+02:00
CySec continues to prove itself as the ‘go to’ destination for binary options regulation. Following the trend, Forex Magnates has confirmed that 24option has finalized its application process and became regulated.
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Royal Bank of Scotland Announces Imminent Closure of marketindex CFD Division
2013-08-28T13:55:03.000+02:00
British multinational financial institution the Royal Bank of Scotland has today announced that it is to close its marketindex CFD division on November 8 this year at 4.00pm. Do CFDs have a future?
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Plus500 Posts First Financials After IPO; Revenues Rise 47%
2013-08-27T09:29:22.000+02:00
Fresh after raising $75 million on the London Stock Exchange’s AIM marketplace in July, the CFD and FX broker has released its first financial report, with revenues and net profit both seeing sharp gains.
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Takeaways From Saxo Bank Half Year Financials
2013-08-26T15:17:33.000+02:00
Following a weak 2012, Saxo Bank released encouraging first half 2013 financials last week. Today we take a look a three areas of focus that affected the firms earnings positively and mark their direction for the future.
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Dubai Based, MMA Forex Owner Detained on Allegations of Fraud
2013-08-26T13:11:19.000+02:00
In a story that began late last year, and escalated six months ago, investors of Dubai based MMA Forex have begun to take matters in their own hands after the broker has refused to pay back deposits.
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FXPRIMUS Looks East - Representative Office Opened In Shanghai
2013-08-23T16:11:57.000+02:00
The Far East continues to be a region of significant value to overseas brokers, with many opening representative offices in China. Today, FXPRIMUS announces the opening of its representative office in Shanghai,
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Swiss FX Brokers Report Profit in 2013 Half Year Results
2013-08-23T15:37:10.000+02:00
Switzerland’s FX brokers continue to display positive results amid volatile times. MIG Bank and Dukascopy Bank, two regulated FX brokers from Switzerland reported half yearly results for 2013, both in the green.
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