Month: January 2009

ACM Closes US Business

Retail FX broker Advanced Currency Markets (ACM) is closing is US business and consolidating its activities in Switzerland. Effective immediately, the firm says it is no longer a Dealing Member of the National Futures Association and as such cannot accept US customers. The move to Switzerland places ACM in the unregulated space in the retail […]

Forexone Releases New Platform

In association with PFSoft, Forexone has released the ProTrader private branded trading platform entitled FXInfinity Trademonster. The trading platform features smart routing technology to multiple destinations and best price, as well as supports multiple accounts for money managers and white labelling for introducing brokers. “The latest version is really a highlight for us and our […]

Arrests Over Forex Fraud Claims

The US Federal authorities have arrested two men over the collapse of an FX futures firm in late 2007 and two others on charges of defrauding investors. US media reports that John Walsh and Charles Martin, formerly officers of Illinois-based One World Capital Group which was closed by the CFTC in the US after complaints […]

LME Volumes up in 2008

Metals trading was buoyant during 2008. The London Metal Exchange (LME) reports that it has achieved another record year in 2008 with over 113 million lots traded, representing a year-on-year increase of nearly 22%. This was the fourth consecutive year of record volumes for the Exchange, up from the 93 million lots traded in 2007, […]

Around the World…

The ins and outs as the euro celebrates 10 years and your chance to review a trading platform… Slovakia became the 16th member of the euro community at the start of this year. Market analysts suggest that fellow euro-wannabees such as Poland and Hungary will be watching the country’s economy closely to see if membership […]

And Finally…

It would have been great to start the year on a cheerful note…but the fact is the financial markets face probably the greatest test in their history, and it has little to do with normalising markets which, fingers crossed, appears to be happening, albeit slowly. No, my problem, and the industry’s as I see it, […]