US based forex broker Oanda recently introduced currency baskets through its new social initiative called fxUnity. This is an interesting new tool that allows trading one currency, as such the US dollar or the euro against a group of currencies. This enables going long or short on one specific currency, without having to take into … “Currency Baskets: Trading One Currency’s Fate Instead of Two”
Category: Forex industry
FXCM Sees 23% Rise in Retail Customer Volume in May
US Forex Broker FXCM published a few metrics for the month of May. The higher volatiltiy in markets is reflected in trading volume which leaped from April. The picture is most likely similar for other brokers. Also the number of retail tradeable accounts rose in May. However, May 2011 was also quite exciting, so this … “FXCM Sees 23% Rise in Retail Customer Volume in May”
June Monthly Outlook Released
The monthly forex outlook has been released. This follows the previous reports for May and quarterly reports beforehand. After a dramatic month in Europe, as expected, we will probably see another one in Europe and elsewhere. Apart from the worsening situation in Spain, a second round of Greek elections, the Fed’s “Operation Twist” ends in … “June Monthly Outlook Released”
Forex Crunch Key Metrics May 2012
Market turmoil in May certainly had a positive impact on traffic, with higher page views, unique visitors, newsletter subscriptions and more. The market action that began with the Greek elections on May 6th continued as also Spain made many negative headlines. Excluding the one time leap in January 2012, this is the best month so … “Forex Crunch Key Metrics May 2012”
FxPro Expands UK Operations after Received Increased FSA Authorization
Cyprus based broker FxPro has received an approval to offer more financial products by the British Financial Services Authority (FSA) and now offers a third regulatory option for its customers in addition to to its Cypriot and Australian subsidiaries. FxPro received the initial authorization to operate in the UK back in October 2010. This is another … “FxPro Expands UK Operations after Received Increased FSA Authorization”
Tradeo Introduces Cloud Trader – Trade Following Social Platform
Trade following is gaining traction with yet another launch of a social initiative: Tradeo. The new Cloud Trader platform allows forex traders to automatically follow and execute trades of their fellows in the Tradeo community. Copying includes not only the positions but also the strategies of the followed traders. Tradeo promises low latency to avoid … “Tradeo Introduces Cloud Trader – Trade Following Social Platform”
FX Solutions Awarded 3 Times at Middle Eastern Expos
Forex broker FX Solutions received 3 significant awards in two separate Middle Eastern events. Two awards were won in Jordan and one in Saudi Arabia. In the interview I had with Michael Cairns, CEO of FX Solutions, he mentioned growth in Middle East operations. The titles are “Best Forex Broker of the Year”, “Best Trading … “FX Solutions Awarded 3 Times at Middle Eastern Expos”
OANDA has a New CEO: K Duker
The largest forex broker in the US, Oanda, has a new CEO: K. Duker. He replaces long running CEO Michael Stumm after 14 years in this position. Stumm remains on the board. The move is effective immediately. Duker’s expertise is in the Asia-Pacific region, where he worked as a managing director for OANDA and beforehand has the … “OANDA has a New CEO: K Duker”
FX Solutions CEO: Volatility is Cyclical – Trading Opportunities
I had the chance to speak with Michael Cairns, CEO of FX Solutions. In the interview below he speaks about the company, fixed spreads, plans for the future and how markets and regulation impacts brokers and more. Regarding market volatility, Cairns stated that it is cyclical, and that there are always opportunities. I spoke with … “FX Solutions CEO: Volatility is Cyclical – Trading Opportunities”
FXCM Announces an App Store for Forex Traders
US Forex Broker FXCM launches an application store for forex traders. The idea is that traders can customize their trading experience through various applications related to indicators, charts, social sharing and more. In addition, FXCM calls software developers to join its community and suggest their applications to the store. FXCM recently launched Android and iPhone apps and … “FXCM Announces an App Store for Forex Traders”