FXCM, long considered one of the strongest and most reputable Forex brokers worldwide struggled notably in 2015 on the heels of the Swiss National Bank catastrophe. Among other dramatic turns the brokerage was forced to take out a loan and to sell off some of its assets. Then, in September, FXCM was notified by the New York Stock that it was not in compliance with the continued listing standards set forth in Section 802.01C of the Listed Company Manual of the New York Stock Exchange because its price had fallen below $1 per share for a period of over 30 consecutive trading days. At that time we'd speculated that anyone with confidence in the industry and in this leading company could turn a nice profit by investing in its undervalued stock.
Infiniti Red Bull Racing extended its partnership agreement with Global FX brokerage company EXNESS Group for a further year until the end of 2016. Exness, one of the world's largest retail Forex and ECN brokers, will continue to be featured prominently on the cockpit surroundings of the Infiniti racing car.
The report for the third quarter trading volume at EXNESS Group has just been released and the numbers are down. Year-on-year growth compared to the same period last year was slightly up but the performance for Q3 stands at US$599.3 billion, a 9% decline compared to Q2's trading volume of US$660.5 billion.
Have you noticed that the latest global news headlines have been a cross between a comedy and a horror movie? Between planes going down, hundreds of thousands of refugees wandering the world, the threat of global terrorism, and indecisive Federal Reserve and an impending United States election with comical candidates, there's a lot to read about but trade the news not necessarily a lot to trade about if you're a news trader.
In the world of investing, both brokers and traders agree on one thing: there is a constant need for new and exciting offerings. Traders move from one investment instrument to another when the one they were using becomes either boring or not profitable. And brokers have to step in and fill in the need while at the same time generating fees and commissions so they can maintain their position in the market.
FXCM Inc. announced today that it is introducing an upgrade to its Index CFD market making technology.
Last August, TradeKing Group entered Into an agreement to acquire MB Trading.com, both U.S. brokerages. Up until then, TradeKing, an IB of Gain Capital had offered traders access to stocks, commodities, and futures. But they needed Forex to round out their investment offerings and the acquisition of MB Trading is part of TradeKing's mission to build a diversified financial services firm that fits the needs of every kind of client, from new investors to experienced traders.
Last January, 2015 EXNESS became an official partner of the Infiniti Red Bull Racing Formula 1 team. EXNESS introduced the relationship in response to one of their most successful years in the company's history. Their trading volumes and the number of new clients steadily grew and these achievements led them to team up with Infiniti Red Bull Racing, another highly successful endeavor.