Clearly, the most seminal moment of the past five years in the Forex trading industry was January 15, 2015. Often still referred to in currency trading circles as Black Thursday, 15/01/2015 was the day that the Swiss National Bank decided to surprise the markets by stating that it would no longer support the Euro against…
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The following guest post is courtesy of Usman Ahmed at Investoo Group, which provides expert products for the financial trading industry. Jan 15, 2015 was the day when a Tsunami hit the financial markets. It was the day when millions of dollars were wiped out from global financial markets and many big players of the…
Read moreThe following guest post is courtesy of Natallia Hunik, Global Head of Sales at Advanced Markets and Fortex. [divide] In my opinion, last year’s SNB decision to remove the 1.20 floor on EURCHF acted as a catalyst, reshaping how we now view and approach the FX industry. As we observed throughout 2015, the SNB move radically altered…
Read moreGlobal retail forex trading activity rose to $346 billion per day following February’s decline, as brokers re-instituted leverage to higher levels and volatility cooperated.
Read moreHow much did Alpari UK lose on 'Black Thursday'? How big is Alpari Japan? What is administrator KPMG looking for? All that and more is inside.
Read moreIn our continuing coverage of how some of the Forex industry's leading firms dealt with Black Thursday and what has followed, we are pleased to speak today with Andrew Edwards, CEO of leading UK-based online trading firm ETX Capital. With a lot of the talk post-SNB move revolving around M&A - e.g. who might buy…
Read moreIt was not 'Black Thursday' for everyone in the Forex industry. In fact, for those companies such as ECNs which make their living solely off of volumes, it was a very good day. Hotspot FX has reported that FX trading volume metrics reached $61.7 billion last Thursday January 15 - its best ever day based…
Read moreJapanese retail forex broker Monex Group, Inc. (TYO:8698) has released a statement indicating that it experienced no material negative financial impact from last week's Swiss Franc volatility. Monex did experience some clients with negative equity balances, but those totaled just 0.2% of the firm's assets, or about ¥160 million (USD $1.4 million) of negative balances. The…
Read moreUK multi-asset broker ETX Capital has released a brief statement on its position following Thursday's mega-move in the Swiss Franc: ETX Capital Unaffected by Movement in Swiss Franc ETX Capital is pleased to confirm that its financial position is unaffected following the extreme movement in the price of the Swiss Franc yesterday. The company is experiencing…
Read moreAnother retail forex broker reporting on its post-Swiss Franc crisis position is Cyprus-based broker Markets.com. Markets.com is a subsidiary of CySEC-regulated Safecap Investments Limited, ultimately controlled by Israeli online magnate Teddy Sagi. Markets.com reports 'business as usual', and that the company actually had a profitable trading day in Thursday's session. In addition, the company stated that it is forgiving…
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