Ed Ponsi and Joseph Trevisani spoke on Forex TV about the successful FXCM IPO. Ponsi says that FXCM moved to the agency model rather than the principal (market maker) model, and that more forex brokers will go this way. In the interview with Julie Sinha, Ponsi also states that this IPO will bring more attention to forex which is already everywhere. Forex is interconnected with stocks, commodities, everything – it cannot be avoided. Everything is interconnected. Enjoy!
Will FXCM be the Goldman Sachs of the forex industry? Ponsi goes on to talk about Trichet’s moves, Non-Farm Payrolls and trading patterns in December, which usually sees higher equity prices.
Joseph Trevisani also gives his take on the FXCM IPO. He sees the forex industry becoming more legitimate and that it will receive recognition to the importance of this industry.
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