Forex Crunch » forex industry

MahiFX Launches in London – Open for Business From February 20th

Yohay — Wed, 08 Feb 2012 17:07:56 +0000

New Zealand based MahiFX showed its new trading platform in an event held in London. David and Susan Cooney which head the new forex broker, aim to provide institutional quality to forex retail traders.

After unveiling the technology at a shiny event held on February 2nd, the browser based platform will open its gates for forex investors on February 20th.

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FXCM Announces Faster MT4 Offering

Yohay — Tue, 24 Jan 2012 14:47:50 +0000

US forex broker FXCM launches a new version of its MetaTrader 4 offering. The new version eliminates third party bridge software, thus enabling faster execution and it claims that traders coming from other brokers will see a big difference.

The new offering came after FXCM saw the high demand for this platform. FXCM enables EAs, including scalping ones with this version.

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US Forex Traders More Profitable in Q4 2011, Yet Their Numbers Shrink

Yohay — Fri, 20 Jan 2012 08:20:15 +0000

The last quarter of 2011 saw improved profitability for forex traders in the United States.

On the other hand, the number of active traders dropped by 10% during the quarter. Did the losers give up on forex trading?

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CySEC License Obtained by PIM Prime Investments (Leverate)

Yohay — Tue, 17 Jan 2012 13:13:56 +0000

PIM Prime Investments Ltd. a subsidiary of Leverate rerceived an official licence from CySEC, the regulatory body in Cyprus. Leverate provides software solutions for brokers.

The move continues the expansion of Leverate, which is partially owned by Saxo Bank. The firm recently opened datacenters in London.

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Archer International Consultants Introduces Corporate Solutions For Start Up Forex Brokers

Yohay — Wed, 11 Jan 2012 08:13:10 +0000

Archer International Consultants announces a product for start up forex brokers. The company specializes in forex company formations, opening of bank accounts and more.

It now enables an easier way to open companies in various countries, and with different regulations.

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Scalper Protection for Forex Brokers Announced by Leverate

Yohay — Mon, 09 Jan 2012 08:27:11 +0000

Leverate, which provides software solutions for forex brokers, announced a new version of its Feed Manager Server. This includes a feature that defends against spikes, which are unfortunately common and painful.

FMS 2.5 offers protection from arbitragers and scalpers that sometimes bite into brokers’ profits.

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Forex Crunch Key Metrics December 2011 and 2011 Roundup

Yohay — Mon, 02 Jan 2012 10:18:21 +0000

The last month of 2011 was slower than previous months as markets slowed down towards the holiday season and despite the break lower of the euro.

Looking at the whole of 2011, it was certainly a good year, with a total rise of 75% in page views from 2010.

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FXCM Receives a $75 Million Credit Line from Bank of America

Yohay — Tue, 20 Dec 2011 22:54:34 +0000

US Forex broker FXCM announces a credit line of $75 million from Bank of America (BAC). This credit line could be doubled in the future, and will enable the company to expand its operations and perform further mergers and acquisitions.

FXCM already had some M&A action following its IPO around a year ago and continues growing in terms of tradeable accounts and also other parameters.

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FXCM Saw More Tradeable Accounts, Higher Retail Volume, Lower Institutional Volume

Yohay — Fri, 16 Dec 2011 09:49:25 +0000

US forex broker FXCM released its trading metrics for the month of November 2011. This includes separate figures for retail and institutional clients.

The number of retail tradeable accounts continued rising and reached 192,772. Also trading volume among retail customers continued rising and reached $345 billion.

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CPattern Delivers Guardian Angel to Leverage Clients

Yohay — Fri, 16 Dec 2011 09:01:29 +0000

CPattern, which develops a trading analytics platform based on models of behavioral science, has partnered with Leverate, a provider of forex broker solutions. CPattern will provide its Guardian Angel product to Private Label clients.

Traders using Leverate’s platform with this addition by CPattern, will get guidance regarding their trades and this aims to make them better traders.

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