Fear is not good for the forex trader, but it is good for the industry. Various reports have shown that November, that began with QE2 and continued by daily headlines from the Irish crisis, was an excellent month. Will the newcomers stay in forex? The listing of FXCM as a public company enables us an … “Fear Good for Forex?”
Category: Forex industry
Gain IPO At $9 Per Share – 35% Lower Than Midpoint
The IPO of Gain Capital was priced at $9 per share – significantly lower than the $13 to $15 price range expected, so it’s around 35% lower than the $14 midpoint. Gain Capital, which holds the lucrative forex.com domain name, sold only around 407,000 shares in the IPO, with the rest of the 9 million … “Gain IPO At $9 Per Share – 35% Lower Than Midpoint”
Gain IPO Only to Cover Expenses?
Fresh reports about the initial public offering of Gain point to a very modest IPO – the company is expected to sell only around 400K of shares, not 11 million as reported earlier. At midpoint, $14 a share, Gain Capital Holding will only raise $5 million – just covering the expenses of the IPO, led … “Gain IPO Only to Cover Expenses?”
Askobid and Currensee Partner in Europe
Currensee, the forex social network, expands its presence in Europe with a significant partnership with Askobid – a fast growing European broker. Askobid will allow its clients to join Currensee’s trade leader program – enabling following of trade leaders and automatically executing trades. Askobid is based in Cyprus and has clients in Europe and also in Asia. … “Askobid and Currensee Partner in Europe”
Crown Directors Detained in Britain
The British police raided the homes of Peter Benstead and Edward James, in the wake of dawn. These two directors of Crown Currency are suspected of deceiving thousands of forex traders, leaving them penniless. Here’s a report from the Telegraph: Detective Inspector Bean from Devon and Cornwall Police Serious and Organised Crime Branch said: “It is … “Crown Directors Detained in Britain”
FXStreet Rolls Out Improved Design
FXStreet, one of the largest forex portals has a new and improved design which makes the site easier to navigate. In addition, another important change has been made – the site loads very fast now. The navigation bar on the top of the page looks much better now. Despite the many options available, it doesn’t … “FXStreet Rolls Out Improved Design”
Currensee Trade Leaders On Varengold Bank FX
Varengold Bank FX, a German investment bank, now enables its clients to access Currensee’s trade leaders. Forex traders will be able to allocate money and automatically follow the trade leaders, riding on their success. It will be interesting to see other brokers make this kind of cooperation with Currensee – enabling traders to tap into … “Currensee Trade Leaders On Varengold Bank FX”
FXCM IPO Successfully Completed – Worth $1 Billion
FXCM was indeed completed late on Wednesday in New York – one FXCM share is was priced at $14, the midpoint between the $13-$15 dollar range. All in all, the US broker raised almost $211 million before expenses. The FXCM stock will begin trading on Wall Street from December 2nd under the obvious symbol FXCM, … “FXCM IPO Successfully Completed – Worth $1 Billion”
FXCM IPO May Happen Today – Net Income Expected $197
The IPO of FXCM might happen today, December 1st after all. There have been contradictory reports on different news sites – some say it will happen today, and some tomorrow. The latest report by Globesfrom 13:00 GMT today, says that the IPO will happen today, and that FXCM will receive a net income of 197.1 … “FXCM IPO May Happen Today – Net Income Expected $197”
FXCM IPO Will Boost Forex, Price Reasonable
The IPO of FXCM will probably be held on Thursday, December 2nd, and the general notion about it is good. Towards the IPO, we hear voices that see the FXCM IPO as a good thing. The mid price of one FXCM share is $14 – between $13 and $15. Recent IPOs led by Credit Suisse … “FXCM IPO Will Boost Forex, Price Reasonable”