trading
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
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
Retail Forex Market Volume is $237 Billion/day - Latest Forex Magnates Quarterly Report
- What is found below is the most complete retail forex volumes survey and estimation that has been compiled in recent years. This survey is the result of discussions and surveys made with hundreds of brokers, liquidity and software providers and other market participants. Although this figure is not perfect it is as accurate as a survey of this very private market can get. This survey humbly started in Q2 2009 and two years later it encompasses almost all significant brokers out of a list of several hundred that operate in this market.
Thursday, 04/08/2011 | 12:15 GMT by
Michael Greenberg
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
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
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
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