fxcm

FXCM and Boston Technologies parted ways some time ago after a lengthy and what seems an intense relationship. Reading between the lines of FXCM and BT's releases it seems the relationship didn't end well.

Tuesday, 24/01/2012 | 14:42 GMT by Michael Greenberg

Brokers

FXCM reports December 2011 monthly metrics

FXCM just reported its December 2011 metrics and also metrics for the full 2011 year. As expected volume in December was substantially lower than in November. The reason for this is both the holidays slowdown and relatively low volatility in the currency markets. December 2011 was more than 20% higher than December 2010 which shows FXCM's year on year growth.

Tuesday, 17/01/2012 | 21:38 GMT by Michael Greenberg

Brokers

FXCM launches Canadian offering through Friedberg Direct

Wednesday, 11/01/2012 | 21:50 GMT by Michael Greenberg

Brokers

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

Brokers

FXCM Reports Monthly Metrics for November 2011 - active accounts at peak, volume steady

FXCM just reported its numbers for November 2011 - while total number of active accounts is at peak (162,166), retail forex volume is a little bit higher than in October 2011 (probably because in October there were 22 trading days and not 21 like in November). Institutional forex volume however is FXCM's second best ever.

Wednesday, 14/12/2011 | 21:52 GMT by Michael Greenberg

Brokers

FXCM moves retail MT4 support in-house, keeps institutional business with Boston Technologies

FXCM and BT have certainly had one of the biggest broker-software provider relationships in the past years. BT for about three years now was supplying and supporting all aspects of FXCM's MT4 business - retail and institutional.

Monday, 05/12/2011 | 16:24 GMT by Michael Greenberg

Brokers

FXCM releases browser based version of its Trading Station platform and more robust dailyfx signals

FXCM introduces it web based version of the award winning FXCM Trading Station platform. FXCM Trading Station Web provides easier access to the forex market, combining uncomplicated trader functionality with an advanced GUI. This advanced web-based platform is fast, robust and exactly what FXCM clients have been asking for.

Thursday, 01/12/2011 | 12:03 GMT by Michael Greenberg

Analysis

Overview of Forex in the Middle East

The oil rich Middle East has been a market most FX brokers want to capture, with stong economic growth, per capita incomes and cash to play with! The region has a very diverse uptake in financial markets; some countries have been pioneers in the field since the 70's whereas other nations are finally entering electronic trading.

Wednesday, 23/11/2011 | 19:40 GMT by Adil Siddiqui

Brokers

FXCM Announces Third Quarter 2011 Results and October Operating Metrics - Revenues are up

FXCM's Q3 2011 numbers are out and show outstanding growth in revenues. October retail forex volumes are down 8% but institutional ones are up by 35%. For the first time FXCM also shows average number of institutional trades a day - which is 90% higher in October comparing to September. All in all solid results that might help FXCM's stock, which suffered from several downgrades lately, to rebound.

Thursday, 10/11/2011 | 11:41 GMT by Michael Greenberg

Brokers

NFA issues a Notice about MF Global; Canadian forex clients have another option now

All the MF Global saga has left us wandering what will happen to accounts of many forex traders. According to the latest Forex Magnates survey MF Global has $20 Billion monthly retail forex volume meaning there are quite a few retail forex trading customers out there. MF Global Canada is using FXCM's Trading Station II and MT4 platforms in a semi White Label way. This allows MF Canada clients to jump ship and move to same platform but with a different broker (that is if they are able to extract their funds).

Tuesday, 08/11/2011 | 13:50 GMT by Michael Greenberg

Brokers

FXCM Debuts Currency Rates on the NYSE Trading Floor

It seems that FXCM marked a new frontier - to become world's premier currency rates supplier. FXCM just announced that it will stream rates on the NYSE floor and back in May 2011 it launched the Dow Jones FXCM Dollar Index (interview with CEO Drew Niv here). This would mean of course that FXCM steps into the territory of larger and more established currency players like Reuters and ICAP.

Monday, 17/10/2011 | 08:29 GMT by Michael Greenberg

Brokers

FXCM Reports Monthly Metrics for September 2011 - retail volume at peak, acquires Foreland for $17 million

FXCM Inc. (NYSE: FXCM) today announced certain key operating metrics for September 2011 for its retail and institutional foreign exchange business. FXCM also announced that it completed the acquisition of the Japanese broker Foreland for $17 million. I estimated the deal to be at the region of $10-12 million.

Friday, 14/10/2011 | 07:35 GMT by Michael Greenberg

Brokers

CFTC releases August 2011 financial data - total US forex deposits up $19 million

Every month or so CFTC releases financial data for its members. In the past year or so CFTC also releases the total amount of retail forex obligations for retail forex brokers (under FCMRFD and RFED statuses) which shows us how much 'retail money' is held by US forex brokers.

Tuesday, 11/10/2011 | 22:25 GMT by Michael Greenberg

Brokers

FXCM ordered to pay $6 million more by the CFTC to settle allegations of failure to monitor and maintain its trading systems

In total FXCM will pay over $16.2 million to settle NFA and CFTC's charges. This is the continuation of the NFA's fine back in August which charged FXCM with retaining gains derived from positive price slippage; failing to adopt or carry out adequate procedures to ensure the efficient execution of all customer orders; failing to treat all customers equally when giving price adjustments; and failing to adequately investigate suspicious activity in all customers’ accounts. The Complaint charged FXCM and Niv with failing to supervise.

Monday, 03/10/2011 | 18:04 GMT by Michael Greenberg

Brokers

Hotspot FX volume jumps 130% year on year but only 1.5% month on month

Unlike FXCM who yesterday reported double digit volumes growth month-on-month and year-on-year Hotspot FX posted only a moderate month on month growth for August but more than impressive year on year growth.

Friday, 16/09/2011 | 10:04 GMT by Michael Greenberg

Brokers

FXCM's August 2011 Monthly Metrics - Crazy August means volumes are up!

As we already know August was one crazy (volatile) month. This means two things - brokers will report volumes higher than the average and many traders will have lost money. We'll see this reflected both in the public brokers' data, such as FXCM below, and in this quarter's profitability report (due in October). Not surprisingly FXCM shows a very strong growth in volumes, especially institutional ones, amid slow growth in number of accounts.

Thursday, 15/09/2011 | 21:11 GMT by Michael Greenberg

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