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Retail FX

Phillip Capital Forced to Shelve Retail FX Plans Phillip Capital Inc (PCI) has been forced to shelve its nascent retail FX business after the Securities and Exchange Commission (SEC) prohibited any SEC registered broker-dealer from offering retail FX services to customers, effective July 31. Subsequently the firm, which is ...
Long and Wrong in the Bill and Ben Retail punters, especially Japanese, are frequently contrarian traders in USD/JPY (aka Bill & Ben). So it is perhaps not too surprising that clients of UK spread better and CFD provider IG appear to be taking positions against the prevailing market ...
FXCM Claims Superior Retail FX Pricing FXCM has released a study it conducted that claims that clients on its retail platforms are able to achieve better FX pricing than on either the futures or interbank markets. Using the CME, EBS BrokerTec and Thomson Reuters FX platforms ...
FXCM Partners with Trading Software Provider Online FX broker FXCM says it is partnering with PF Soft, a developer of multi-user professional trading software, to provide trade execution and market data to the latter’s Protrader multi-asset solution through Fix API.  PFsoft has integrated FXCM’s ...
FXCM in German Link-Up

in News, Retail FX

FXCM in German Link-Up

Online FX broker FXCM announces its new partnership with German broker FXFlat. The partnership gives FXFlat’s customers access to FXCM’s Trading Station and MetaTrader 4 platform, as well as the No Dealing Desk Forex and Enhanced CFD execution models. “...
Phillip Capital Gets FINRA Membership Phillip Capital Inc, a member of Singapore-based PhillipCapital Group, is now a member of Financial Industry Regulatory Authority (FINRA). As a result, the firm expands its product range from futures and FX to include self-clearing corporate equity and debt securities. ...
Saxo Bank’s 10 for 2016 - Drawing Attention to the Unfathomable Saxo Bank has released its annual set of ‘Outrageous Predictions’ for the year ahead - 10 unlikely, yet perhaps underappreciated, events that could have significant consequences on the financial landscape as we head into 2016. The firm says the predictions are meant ...
Oanda to Offer Algo Platform

in News, Retail FX

Oanda to Offer Algo Platform

Retail FX-broker Oanda says that it will offer clients an institutional algorithmic testing and execution platform through its partnership with Seer Trading Systems. Seer Trading offers algorithmic trading features that it claims are not currently available across retail focused platforms, ...
FX Retail Traders Say Discipline and Risk Management Are Most Important Oanda has surveyed its traders to uncover what is most critical to their trading performance and provide tips for new traders for 2016. The findings also challenge misconceptions about the risk appetite of retail FX traders, the firm says.  When asked ...
M&A Trend Continues in FX with £200m Acquisition of Currencies Direct M&A activity is continuing in the FX market with Palamon Capital Partners and Corsair Capital agreeing to buy Currencies Direct, a provider of FX and international payment solutions to private and corporate clients, for over £200 million.Currencies Direct’s ...