Thursday, March 8, 2012

FXall announces 2011 as profitable

FXall announces 2011 as profitable

FXall announces 2011 as profitable

Posted: 08 Mar 2012 04:20 PM PST

FX brokers are piling in positive results for trading in 2011. FX Alliance Inc. a leading independent global provider of electronic foreign exchange trading solutions, today reported financial results for the fourth quarter and full year ended December 31, 2011.

For the fourth quarter of 2011, total revenues increased 15.8% to $29.6 million from $25.5 million for … [visit site to read more]

Saxo Bank reports 2011 results, revenues up but volumes are down

Posted: 08 Mar 2012 07:46 AM PST

Saxo Bank showed continuance of its impressive results from 2010. Although net profit was down by 4% and volume decreased by 14% (comparing H2 2011 to same period in 2010) its overall revenue was 6% higher and client assets have grown over 26%. Saxo’s staff increased by over 40% which may explain the drop in profitability however the drop in volume is alarming and may have continued into 2012 as reported by other large players such as ICAP and Reuters.

The founders and CEOs of Saxo Bank, Kim … [visit site to read more]

Goldman ditches LMAX

Posted: 08 Mar 2012 04:29 AM PST

LMAX the latest broker to offer the award-winning MT4 has been disembarked by Goldman Sachs. The leading investment bank had a 12.5% stake in LMAX, a MTF developed by Betfair, however recently GS sold it back to Betfair.

Betfair the leading betting exchange has one of the most sophisticated matching engines in the markets and the same technology is applied to LMAX’s back-end offering traders advanced trade execution and pricing.

LMAX has been developing its brand and product range by … [visit site to read more]

Alpari FS celebrates the opening of new office in Alpari Tower

Posted: 08 Mar 2012 02:41 AM PST

Alpari FS, the Cyprus based subsidiary of the Alpari Group, threw a large party last week celebrating the expansion into Cyprus and the opening of its new eponymous office building  - Alpari Tower.

Alpari were kind enough to invite me to the event held in the new offices. The event was a great chance to meet several Alpari’s shareholders and managers as well as other representatives of the financial … [visit site to read more]

Forex Magnates launches Latin America forex industry report

Posted: 08 Mar 2012 02:07 AM PST

Forex Magnates just officially launched its Latin America forex industry report. The report is 160 pages of information of everything you need to know about the Latin America forex market broken down by countries. The report includes:

Latin America Region Overview:

  • General overview
  • Primary active brokers with local offices
  • Regional forex volume
  • Regulation, brand promotion & growth
  • Focus on mobile usage and PR
  • Banks as … [visit site to read more]

Middle East FX gets Arabic Language News Feed

Posted: 08 Mar 2012 12:38 AM PST

With FX maturing as a tradeable asset class across the Middle East, Market News International, a subsidiary of Deutsche Börse Group has launched a real-time Arabic-language foreign exchange news feed broadening its reach to include Arabic-speaking investors, traders, and other financial services professionals worldwide. The service will be produced in cooperation with AFNews.com, marking MNI’s official expansion into the Middle East.

“We’ve been looking to … [visit site to read more]

BNP Paribas launches CORTEX FX platform

Posted: 08 Mar 2012 12:33 AM PST

France’s leading bank BNP Paribas has announced the launch of its electronic trading platform for Foreign Exchange Trading. The bank has launched the much awaited CORTEX FX platform, enabling consumers to use multi-product solution for corporate and financial institutional clients to manage their foreign exchange requirements.

BNP Paribas electronic markets global head Thomas Soede said CORTEX FX is an electronic application that is fully integrated in terms of product … [visit site to read more]
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