forex
Australian Retail Forex Boom Part I
- Forex Magnates recently did an article in their Q2 2011 Report covering the state of Forex in Australia. Through the research for this article, we discovered that FX is booming in Australia not only with existing brokerages but new shops are coming into play. One notable company is Synergy FX who recently opened for business, we sat down and interviewed Piers Cracknell of Synergy to get an inside look into why Forex is making waves down under. Second part of the overview will be an interview with an Go Markets's COO Chris Reynolds.
Wednesday, 03/08/2011 | 13:51 GMT by
Michael Greenberg
$30 Million Forex Ponzi Scheme unveiled
- Another one gets caught. The rise in Forex Ponzi schemes has been remarkable over the last two years. Culprits are misuing FX trading as a front, promising returns of over 10%. David R. Lewalski, formerly of Gainesville, Fla., pleaded guilty today to mail fraud in connection with his operation of a $30 million investment fraud scheme,
Tuesday, 02/08/2011 | 14:37 GMT by
Adil Siddiqui
Forex Magnates Global Industry Popularity Demonstrated through Boston Technologies’ Lead-generation Campaign
- I don't like to boast the advantages of advertising on Forex Magnates but Boston Technologies's show-case demonstrating three-fold increase in leads was something I think all advertisers interested in advertising on Forex Magnates (and asking me how effective I think it would be) should care to read.
Tuesday, 02/08/2011 | 13:55 GMT by
Michael Greenberg
DGCX's Indian Rupee trading volume grows 1382% year on year
Tuesday, 02/08/2011 | 07:43 GMT by
Michael Greenberg
Swissquote publishes H1 2011 results, forex volume slightly up
- Swissquote, the Swiss Bank which recently acquired ACM, has just published its financial results for the first half year of 2011. The Bank improved in almost all metrics and its forex (what they call eForex) volume is up 5% from the first quarter. Swissquote's average monthly volume is now 35 billion CHF - equal to $42.4 Billion.
Friday, 29/07/2011 | 11:10 GMT by
Michael Greenberg
PFGBEST Enters China
- It is no surprise to us that PFGBEST is focusing on China. Just to give you an idea on the potential for currency trading in China: Industry leader FXCM announced that Chinese residents accounted for $418 Billion in volume for the fiscal year 2010.
Friday, 29/07/2011 | 10:56 GMT by
FMAdmin Someone
FX Options given a major boost as States Street takes stake in Digital Vega
- FX Options have long been the sophisticated traders tools and volume was limited to bank trading desks, hedge funds and professional traders. However with the benefits of how options can be used in bull and most importantly bear markets (post Credit Crisis 2008) the FX options market is ready for a make over.
Friday, 29/07/2011 | 05:36 GMT by
Adil Siddiqui
CFTC Charges Susan G. Davis, David E. Howard II, Joseph Burgos, and their Companies with Fraud in Forex Scheme
Friday, 29/07/2011 | 05:26 GMT by
Michael Greenberg
Gain Capital reports Q2 2011 quarterly results - Net Revenue up 38%
Thursday, 28/07/2011 | 20:48 GMT by
Michael Greenberg
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
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 $4 Trillion transacted on the platform.
Thursday, 21/07/2011 | 09:22 GMT by
Michael Greenberg
IG Group publishes 2011 results - Net Revenue up 7%, Clients up 11%
- IG Group just reported its results for the 2011 fiscal year (for IG it ends on May 31st). Bottom line is that IG's Net Revenue is up 7% to £320.4 million. Number of clients grew 11% year on year (13% if excluding Japan).
Wednesday, 20/07/2011 | 12:43 GMT by
Michael Greenberg
The Greek Tragedy: Greece's Economic Crisis, by OANDA
Wednesday, 20/07/2011 | 12:28 GMT by
FMAdmin Someone
CitiFX Pro Named Best Retail Platform by FX Week
- New York and London – CitiFX Pro has been named “Best Retail Platform” by FX Week at their 2011 e-FX awards. The award recognizes industry excellence in a bank or vendor platform designed for electronic foreign exchange trading by individuals and small institutions.
Tuesday, 19/07/2011 | 16:28 GMT by
Michael Greenberg
Industry Updates: City Index, FXAll, Getco
- Industry Updates: City Index, FXAll, Getco
Tuesday, 19/07/2011 | 13:05 GMT by
Michael Greenberg
ISDA concerned about Netting in OTC markets
- ISDA a global association working to increase efficiency in OTC derivatives markets highlights the need for greater efficiency in Netting. Netting is a risk management tool used to reduce settlement and credit risk in OTC FX trading between counterparties.
Tuesday, 19/07/2011 | 12:02 GMT by
FMAdmin Someone
Alpari to sponsor West Ham United
- Looks like our article about Forex and Sports (in the Q2 2011 report which will become available tomorrow evening) was spot on as the trend of Forex broker sponsoring various sport teams continues. Alpari just announced that it'll sponsor West Ham United during the next three years. West Ham was relegated to the Championship league from the Premier league last season but it has a large supporters base in London.
Tuesday, 19/07/2011 | 07:13 GMT by
Michael Greenberg
!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}