fx
A new US retail forex broker is born - OptionsXpress registers as an RFED
- As expected OptionXpress has registered as an RFED with the CFTC and will soon become open for retail forex business. XPRESSTRADE, LLC (www.xtfx.com) is capitalized at $22,841,980 and already has $17,720 in retail forex customers obligations. OptionsXpress is the second 'traditional' broker to start offering retail foreign exchange after TradeStation.
Monday, 12/09/2011 | 12:43 GMT by
Michael Greenberg
CFTC Charges Jeffrey Liskov and EagleEye Asset Management with Committing a $3 Million Forex Fraud
Friday, 09/09/2011 | 04:07 GMT by
Michael Greenberg
CFTC sues 11 more firms for accepting US retail forex clients
Thursday, 08/09/2011 | 17:56 GMT by
Michael Greenberg
Tradency's Mirror Trader now allows users to share their trading results
- Stats publishing is certainly the latest trend sweeping the forex world: ever since myfxbook came out many other sites started offering stats publishing. eToro, Zulutrade and Currensee are the other trade following platforms that allow stats publishing.
Tuesday, 06/09/2011 | 17:44 GMT by
Michael Greenberg
SpotOption Adds New Feature to Portfolio - Trading from charts
- SpotOption Ltd. announces the latest addition to their portfolio of offerings – "ProTrader." SpotOption recognized the demand of professional traders for a platform that allows the simple trading of Binary Options in a graph format. Trading straight on the graph itself enables professionals to utilize their expertise in market trends. The enlarged graph is interactive, and allows an extended view of the asset history.
Monday, 05/09/2011 | 06:55 GMT by
Michael Greenberg
TradoLogic Proud to Announce Launch of New Brand XPmarkets
- XPmarkets is the newest brand launched by TradoLogic, the world's leading binary options platform provider. The new trading platform will primarily target the French market, aiming to teach end-users to become professional traders.
Wednesday, 31/08/2011 | 14:00 GMT by
Michael Greenberg
ActForex will now offer integrated Binary Options in its platform
- Binary Options market is developing quite nicely lately with about 50-60 brands using software solutions from 5-6 development firms now live and looking to make a quick buck in this relatively new and unexploited market. For now new operators would have to turn to binary options software development firms who provided a complete solution for binaries, but not for forex. If they also wanted to offer forex they'd have to do quite a lot of customization for their offering and CRMs.
Tuesday, 30/08/2011 | 11:22 GMT by
Michael Greenberg
TPG Capital buys 30% of Saxo Bank valuing it at $1.87 Billion
- TPG Capital, the private equity firm started by David Bonderman, bought a 30 percent stake in Denmark’s Saxo Bank A/S, and plans to expand the asset manager and online trader in emerging markets, Bloomberg reports.
Friday, 26/08/2011 | 08:23 GMT by
Michael Greenberg
CFTC Charges Douglas Elsworth Wilson in Multi-Million Dollar Commodity Futures and Forex Scheme
- Washington, DC - The U.S. Commodity Futures Trading Commission (CFTC) today announced that on August 18, 2011 a federal court in California entered an order freezing the assets of defendants Douglas Elsworth Wilson of Poway, Calif., and three California companies that he controls and manages, Elsworth Berg Capital Management LLC (EBCM), Elsworth Berg Inc., and Elsworth Berg FX LLC (collectively, Elsworth Berg). The order also prohibits the destruction of their books and records.
Tuesday, 23/08/2011 | 06:37 GMT by
Michael Greenberg
OANDA acquires a Japanese broker and establishes OANDA Japan
Monday, 22/08/2011 | 09:00 GMT by
Michael Greenberg
Gain Capital launches new pricing comparison for enhanced accuracy
Friday, 19/08/2011 | 11:11 GMT by
Adil Siddiqui
Saxo Bank announces H1 2011 results - revenue steady, average monthly volume $232 Billion
Thursday, 18/08/2011 | 12:28 GMT by
Michael Greenberg
Amendments to NFA's Forex Requirements Including NFA's Jurisdiction Over Members Engaging in Forex Activities
- Basically NFA here extends its grip on more retail forex market participants than now. The Commodity Futures Trading Commission (CFTC) recently approved a number of amendments to NFA Requirements that govern the retail forex activities of NFA Members. These amendments to NFA Bylaws 301 and 306, NFA Compliance Rules 2-10, 2-36 and 2-39, Code of Arbitration Section 1 and Interpretive Notices 9053, 9058 and 9060 will become effective October 1, 2011.
Wednesday, 17/08/2011 | 10:59 GMT by
Michael Greenberg
HotSpot reports record trading day in July and growth of 88% from same month last year
- It seems this summer's volatility is going to bring overall forex trading volume to record heights. Up until now most major brokers and liquidity providers/venues have reported higher volume than usual and we haven't seen the August data yet. HotSpot too is reporting a record month in July which saw its volumes up almost 100% from the same month last year.
Monday, 15/08/2011 | 07:37 GMT by
Michael Greenberg
NFA fines FXCM $2 million for slippage malpractices, FXCM will credit clients back
- Apparently Non Dealing Desk doesn't mean you get the best execution - NFA has just announced that it heavily fined FXCM for slippage malpractices. FXCM will pay $2 million directly to NFA and will compensate all customers who suffered from this practice since June 2008. The details of this case are not much different from the similar fine of $459k which NFA imposed on Gain Capital for using the Virtual Dealing plugin and similar slippage settings.
Saturday, 13/08/2011 | 17:14 GMT by
Michael Greenberg
CFTC Charges Blue Sky Capital Management and Gregory Schneider with Making False Statements to the NFA
Friday, 12/08/2011 | 05:54 GMT by
Michael Greenberg
FXCM Inc. Announces Second Quarter 2011 Results and July Operating Metrics - Revenues up, Volume down
Thursday, 11/08/2011 | 10:50 GMT by
Michael Greenberg
CFTC releases Q2 2011 financial data - overall retail forex deposits are $9 million lower
- CFTC requires all its members to submit their own capital reports and for members (RFEDs and FCMs) the amount of retail forex obligations. For some reason this report wasn't made public since April and now CFTC made available the monthly reports for May, June and July. This allows us to track the amount of retail forex obligations for all US retail forex brokers.
Thursday, 11/08/2011 | 07:29 GMT by
Michael Greenberg
CLS Bank witnesses drop in FX Settlement - July 2011
- CLS Bank, a multi currency cash settlement system saw the average number of daily foreign exchange payment instructions fall by 2 percent in July from the previous month, while the average value also dropped.
Wednesday, 10/08/2011 | 10:45 GMT by
Adil Siddiqui
Australian Retail Forex Boom Part II
- Continuing our coverage of the emerging retail forex markets below is the 2nd part of our Australia retail forex market coverage. This time we interview Chris Reynolds the COO of Go Markets - one of Australia's larges retail forex brokers.
Wednesday, 10/08/2011 | 09:40 GMT by
Michael Greenberg
Federal Court Finds that Gary and Brenda Martin and Queen Shoals Consultants Defrauded Customers in Forex Scheme
Tuesday, 09/08/2011 | 13:05 GMT by
Michael Greenberg
Forexpros Launches Broker Comparison Tools
- Last year I wrote about the rise of spread comparison tools. The first and probably still the most popular was FX Intelligence. However since then popularity of these sites hasn't really grown much, in fact new traders are not obsessed with how low spreads are and experienced traders prefer execution over spreads or already know where to go.
Tuesday, 09/08/2011 | 07:34 GMT by
Michael Greenberg
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