fx
Metatrader5 receives Singapore Mercantile Exchange certification
- Metaquotes launches Metatrader5 as its big hope in breaking into the exchanges market. Metatrader5 in general wasn't supposed to replace Metatrader4 but help Metaquotes tap the exchanges market while in parallel continuing to control the retail forex one. Metatrader5 is still a buggy product and is more than a year in beta without any significant forex broker launching it live. It is available for live trading at couple of small brokers.
Friday, 13/01/2012 | 12:14 GMT by
Michael Greenberg
US retail forex capital grew by $3 million in November 2011
- US retail forex capital held by FCMs, RFEDs and FCMRFDs - per CFTC's definitions - grew by most $3 million in November. These deposits describe the amount of retail forex funds held by American brokers - this may include funds not only from American clients.
Friday, 13/01/2012 | 11:59 GMT by
Michael Greenberg
CFTC issues an injunction against InstaTrade Corporation and ZTRADEFX LLC
- Instatrade Corporation, aka Insta Forex, and Ztradefx LLC were two of the 14 firms sued by the CFTC early last year. Ever since most firms didn't bother to settle with the CFTC but some did. Last week we saw that FXOpen settled the case with the CFTC paying $140,000 fine.
Thursday, 12/01/2012 | 13:59 GMT by
Michael Greenberg
BNY Mellon may settle as part of the Federal Forex suit
- After months of controversy surrounding issues over foreign exchange transactions, BNY Mellon, the world's largest custody bank, is continuing to work toward a settlement as part of a lawsuit filed by federal prosecutors.
Thursday, 12/01/2012 | 13:37 GMT by
Michael Greenberg
FXCM launches Canadian offering through Friedberg Direct
Wednesday, 11/01/2012 | 21:50 GMT by
Michael Greenberg
myfxbook launches a spreads comparison engine
- We reported about this trend almost two years ago here as we've noticed an influx of sites with various spread comparison engines. One of the first to enter the market was FX Intelligence which managed to place itself on several broker websites like MB Trading's and others. The conclusion two years ago was this:
Tuesday, 10/01/2012 | 14:11 GMT by
Michael Greenberg
BT Prime Receives FSA Authorization and Announces Name Change to Boston Prime
- This is the official announcement by BT regarding what was announced here last week: Boston Technologies prime brokerage arm BT Prime received an FSA license. BT is also renaming BT Prime to Boston Prime - definitely a more attractive name. The new license will allow BT to start accepting more established clients who'll want to tap into its liquidity and thus increase its volume.
Tuesday, 10/01/2012 | 10:37 GMT by
Michael Greenberg
Traiana first to be certified by CME Group for OTC FX Client Clearing
- CME is still very much focused on taking over the retail forex market (with the generous help of the CFTC) in the US and adding Traiana's in due time may appeal to large forex trading clients and retail brokers like FXCM.
Monday, 09/01/2012 | 10:28 GMT by
Michael Greenberg
Alpari to sponsor NBA's New Jersey Nets
- This adds to Alpari's ongoing sponsorship of the New York Knicks, New York Rangers and the Madison Square Garden. It seems Alpari are step by step increasing their presence and advertising in United States. It also seems that some brokers have a preference for certain types of sports and they invest most of their marketing budget in the same vertical
Monday, 09/01/2012 | 09:54 GMT by
Michael Greenberg
CFTC halts NADEX's political binaries
- Trust CFTC (and NFA) to kill any interesting initiative in the financial markets. Because if anything these political binaries are responsible for all the global financial problems, flash crash and greedy banks taking tax payers' money to pay fat bonuses...
Thursday, 05/01/2012 | 20:30 GMT by
Michael Greenberg
FXOpen settles with the CFTC for accepting US clients
- This was one of the biggest news last year - CFTC sued 14 forex firms (and then 11 more) for various infringements of its laws including accepting US clients. Some firms (offshore ones) decided to ignore this all together and keep accepting American clients, some stopped accepting them but didn't settle and some managed to settle the case.
Thursday, 05/01/2012 | 19:25 GMT by
Michael Greenberg
GFT launched iPad version of its DealBook platform, rebrands as GFT Markets
- GFT just launched its iPad version of its trading platform and visually it looks great. As a matter of fact most of platforms look great on iPad simply because it has a much bigger screen than a smartphone allowing more flexibility and better design.
Thursday, 05/01/2012 | 12:24 GMT by
Michael Greenberg
ActForex adds FC Stone to the list of its clients
- FC Stone is one of the largest forex liquidity providers in the market and already entered the forex market through a collaboration with Integral in creating the StoneX platform. FC Stone is also Currenex's white label. Now FC Stone seems to be making its steps into the retail forex market by offering its liquidity natively through ActForex's platform which is used by many retail brokers.
Thursday, 05/01/2012 | 11:55 GMT by
Michael Greenberg
Boston Technologies attains FSA license for its prime brokerage Boston Prime
- Boston Technologies were just granted an official FSA license to its prime brokerage venture - Boston Prime. Boston's BT Prime serves as a prime brokerage for its clients plugging them to liquidity of a dozen or so banks. This also is used as a feed to those brokers who require it.
Wednesday, 04/01/2012 | 14:59 GMT by
Michael Greenberg
DGCX 2011 Annual Volumes Rise 110% to Record Over 4 Million Contracts
- Annual volumes for 2011 on the Dubai Gold and Commodities Exchange (DGCX) registered a substantial growth of 110% from 2010 to reach 4,044,138 contracts, the highest ever annual volumes achieved by the Exchange since inception. The annual volumes represent a value of $185.13 billion.
Wednesday, 04/01/2012 | 09:26 GMT by
Michael Greenberg
FX Junction launches AutoCopy - the latest social network to do so
- FX Junction is a relatively fresh entrant into the forex social space but it already made an impact by white labeling its service to Interbank FX - the first forex broker who leased this technology from a third part provider (unlike eToro for instance who indeed was the first broker with such technology, though its own). Social networks for now haven't lived up to high expectations some had - they haven't become the mass aggregators of forex traders.
Tuesday, 03/01/2012 | 10:41 GMT by
Michael Greenberg
BNY Mellon case shows ill practices
- Santa's visit to BNY Mellon this year hasn't been so rewarding. New data from the investigation reveals how the bank was overcharging FX transactions and the case shows many 'ill practices' committed by the banking giant.
Wednesday, 28/12/2011 | 13:43 GMT by
Adil Siddiqui
SpotOption is first binary provider to launch mobile app
- Binary Options market which really kicked off about a year ago is undergoing rapid development. Binaries are forex on speed - everything in this industry is happening faster but emulates the forex industry quite a bit. Mobile trading became popular in the forex market only couple of years ago.
Tuesday, 27/12/2011 | 13:44 GMT by
Michael Greenberg
InovaTrade may very well be the next forex brokerage scam
- Although there were quite a few red flags about this brokerage available all over the internet (forexpeacearmy for instance and others) and even CFTC suing them for accepting American clients I didn't take much notice. This is because I don't think that CFTC should be allowed to impose its requirements on foreign brokers and also that there are bad reviews (sometimes very bad) about the most decent brokers - it's just the nature of this business.
Monday, 26/12/2011 | 16:42 GMT by
Michael Greenberg
FXCM takes $75 million credit facility
- FXCM just took a revolving credit facility - much similar to Gain who took $50 million back in October. It's interesting why FXCM is doing that as it according to its Q3 2011 report it has over $177 million in cash and cash equivalents. This may be because FXCM is rolling its existing debt (if it has any), planning a big acquisition or more likely - realized that it is can arbitrage the value of its stock (interest, dividends, etc) and the cost of this credit facility.
Wednesday, 21/12/2011 | 08:52 GMT by
Michael Greenberg
Nadex to launch Political binary options
- Nadex is the only authorized binary options provider in the US although many foreign binary option brokers market to American clients. Nadex is an exchange and in order to trade binaries you need to become a member. Political binaries will allow traders to basically trade on the outcome of the coming political elections. You could basically bet who's going to be the next President.
Monday, 19/12/2011 | 13:42 GMT by
Michael Greenberg
CFTC orders Gain Capital to pay a client $10,000 for lost profits
- CFTC just published its decision in a case of Robert West vs. Gain Capital and Glenn Stevens ordering Gain to pay West $10,000 for lost profits. The whole case is a fascinating read of how a regulated forex broker handles a complete novice in the forex market and how this can sometime backfire
Monday, 19/12/2011 | 08:51 GMT by
Michael Greenberg
Leverate to offer Guardian Angel by CPattern to its clients
- Guardian Angel is a nice little tool launched a year ago. Guardian Angel is an automated guidance system which gives traders the analysis and support they need to develop. By directing the trader’s attention to the strengths and weaknesses in their trading style it helps traders grow: extending their lifespan as active customers. In short, the software acts as a guide, informing traders concerning their risk. That’s at the heart of the software.
Friday, 16/12/2011 | 08:23 GMT by
Michael Greenberg
CFTC's Statement Regarding MF Global funds - We are still looking for them
- CFTC just released a statement about the final location of the missing MF Global customer funds - basically they say they are making good progress at tracking them but still cannot confirm that all funds are accounted for.
Thursday, 15/12/2011 | 15:34 GMT by
Michael Greenberg
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