In the aftermath of FXCM’s and Gain Capital’s successful IPOs last December, a number of other Forex firms (and their shareholders) have begun to look more closely at going public as well. While we understand that a number of other firms would like to go public soon – and are looking at stock markets including…
Read moreOanda promotes head of Asia-Pacific K Duker to CEO.
Read moreDetails and analysis from one of the busiest weeks for major corporate activity in the online Forex industry:1) The Gain Capital (Forex.com) / dbFX / FXCM triangle. First, some background. Of the major Forex firms, FXCM is the one which relies the least on White Label clients (less than 3% of overall volumes) – possibly…
Read more...and 70% of mobile trading was on its iPhone app.
Read moreIn its recently-announced results for the fourth quarter of 2010, Gain Capital (Forex.com) announced a healthy 29% increase in average monthly trading volume, at $157 billion per month in Q4 versus $122 billion in the first three quarters of the year.With such growth one would expect a nice rise in revenues. However, Gain Capital’s Q4…
Read moreFirst Derivatives' Delta Flow to connect Forex Club to 12 liquidity providers.
Read moreAn interesting news item surfaced on Bloomberg yesterday, quoting an article in Danish newspaper Borsen, that unnamed US private equity firms were close to buying a 33% stake in Saxo Bank for 5 billion DKK (approximately $975 million) – valuing Saxo Bank at nearly $3 billion!Specifically, the Borsen article reports that Saxo Bank shareholder General…
Read moreContinues a global trend of healthy May FX volumes.
Read moreAnd the figures are much lower than previously estimated With the recent issuing of its 2010 Annual Report, Saxo Bank has, for the first time, given us a glimpse at its monthly trading volume figures. Saxo reported that its average monthly trading volume in the second half of 2010 was $232 billion (DKK 1.3 trillion),…
Read moreRetail volume up 23%, Institutional up 34%.
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