Brokers

19

It seems FXCM aren't the only forex broker suffering unfortunate side effects following the Swiss National Bank's unexpected announcement yesterday. I have a number of accounts with Alpari UK, fortunately in all the circumstances for test purposes only. Whilst I have yet to receive an email from them on this topic, they have posted the following notice on their web site this morning:

More on Swiss National Bank’s "Unexpected Policy" Bankrupts Alpari UK

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4

First of all, here's a screenshot from FXCM's flavour of MetaTrader 4 on January 15th 2015 :

The cause of the big gap was the following announcement from the Swiss National Bank at 9:30 GMT this morning:

More on Swiss Franc Surprise Causes FXCM a Big Problem

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0

It's all go on the mergers, acquisitions and transfers front this week! Swissquote Bank announced in a press release earlier today that:

Swissquote Bank is acquiring a 100 percent holding in MIG Bank effective 25 September 2013. The acquisition of this major forex broker secures Swissquote Bank a place among the world’s largest forex service providers. The goal is to merge MIG Bank with Swissquote Bank.

More on Swissquote Acquires MIG Bank

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0

OANDA announced in a press release today that:

It has acquired Boston-based Currensee Global Inc., a leader in forex market copy trading within a proprietary social trading network. Together, the integration of the two leading technology platforms from OANDA and Currensee will provide traders with a unique offering.

More on OANDA Announces Acquisition of Currensee

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0

In a news release yesterday FXCM announced that:

Its U.S. subsidiary Forex Capital Markets LLC has agreed to assume the forex accounts of Alpari US LLC.

On Friday, September 27, 2013, accepted Alpari U.S. accounts will be transferred to FXCM U.S. after the close of trading.

More on Alpari US Retail Clients Move to FXCM

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3

Following our recent report that FXCM had made an unsolicited offer to acquire GAIN Capital it looked likely that the GAIN board weren't very keen on that prospect. That perception was confirmed this morning when I received an email signed:

More on GAIN Capital "Merge With" GFT

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1

I received a message in my inbox this morning advising me that:

FXCM Proposes Acquisition of Gain Capital

According to the accompanying press release FXCM sent a letter to the members of GAIN's Board of Directors last night:

More on FXCM Want to Acquire Gain Capital

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2

GAIN Capital have just announced in a press release that:

It has reached an agreement to acquire the US-based retail forex business of GFT Forex ("GFT"), pending regulatory approval.  Financial terms of the transaction were not disclosed.

More on GFT Hastily Exits U.S. Retail Forex Business

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0

Betfair Group PLC made an announcement today via the London Stock Exchange's Regulatory News Service revealing their preliminary results for the year to April 30th 2012. They headlined with the opinion that:

More on LMAX Looking Better as Betfair Reports Results

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0

A mere two and half years after it was first released for public testing it is now possible to trade live on MetaTrader 5 using an FSA regulated broker. Today Alpari announced that:

More on Alpari MetaTrader 5 Goes Live At Last

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