Forex Industry Week Review – Mark Preston joins ETX board, Tradency launches RoboX, and lots more

It was a week of some old faces in new places in Forex Industry News this past week on LeapRate. As well as platform launches focusing on automation – trading automation, conversion and retention automation…

Some of the most popular, shared and commented-on posts this week on LeapRate included:

Mark Preston

Mark Preston

Former City Index CEO Mark Preston joins ETX Capital board – LeapRate Exclusive. LeapRate has learned that former City Index CEO Mark Preston is joining the board of FCA-regulated Monecor (London) Ltd, parent company of retail Forex, CFDs and spreadbetting broker ETX Capital. What exactly will be Mark Preston’s role with former rival ETX? What else is Mark up to nowadays? Read more, exclusively at LeapRate.

Tradency launches new algo trading product RoboX while EU licensing pending. With Tradency and its CEO Lior Nabat having invented the Mirror Trading concept more than a decade ago, when the company launches a new product it pays to pay attention. LeapRate was pleased to speak recently with Lior and Tradency’s VP of Sales Oz Golan, to get an inside peek at its latest offering called RoboX and how it differs from current mirror and algo trading products. Oh – Tradency is also in the process of gaining EU regulation for its product.

Starting a Forex brokerage in China: Gold-i’s Max Tsen explains. MT4 systems integrator Gold-i recently set up an office in Shanghai, headed by former Ericsson executive Max Tsen, to serve and help develop the burgeoning China Forex startup scene. With a few months under his belt on the job, we’re now pleased to speak with Max and get his perspectives on what Retail Forex brokers are doing right – and wrong – in building their China operations.

LMAX ReallyDon'tCare300x250LMAX Exchange survey: Is the FX market transparent and fair? The past year has seen its fair share of problems and scandals in both the retail and institutional arms of the FX market. The Swiss Franc spike. Last look abuse. Chat room collusion. Have we all learned something? Are things changing (for the better)? LMAX Exchange has set out to gather the views of everyone in the FX trading ecosystem in a fairly wide sweeping survey of where everyone thinks we stand today. Read all about and – more importantly – take the survey!

SpotOption’s Spot+ and the importance of automated brokerage solutions. The issue of Automation seems to be coming up a lot more lately in the lexicon of Forex and Binary Options brokers, as we have been witnessing a very definitive movement by other brokers to cut staff and streamline their processes. One of the first platform providers to actually come to market with an integrated solution aimed at maximizing automation was SpotOption with its Spot+ system, as was reported on LeapRate last July. We’re pleased to speak with SpotOption’s Marketing Director Tammy Levy and get a better idea as to what makes up an automated broker solution, how it works, and what human input is still needed.


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