Ray Robot II and I have just been called a variety of names over on a LinkedIn thread started by Marcos López de Prado and entitled "Pseudo-Mathematics and Financial Charlatanism". As best as I can work out Guy Fleury has suffered a total sense of humour failure, and his view can be summarised as:
Filed under Trading Systems by 
In a press release today FXCM have announced that:
Its U.K. subsidiaries, Forex Capital Markets Limited and FXCM Securities Limited, [have] entered into a settlement with the Financial Conduct Authority (“FCA”). The settlement addresses trade execution practices concerning the handling of price improvements on FXCM UK’s offsetting orders from August 2006 – December 2010.
More on FXCM UK Fined £4 million by the Financial Conduct Authority
Filed under Regulation by
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.
Filed under Brokers by
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.
Filed under Brokers by
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.
Filed under Brokers by
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:
Filed under Brokers by
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:
Filed under Brokers by
Earlier this week LMAX (who have now started to refer to themselves as LMAX Exchange instead of LMAX Trader) quietly started allowing existing customers to trade on their multilateral trading facility using MetaTrader 4, but they're not advertising that fact!
Filed under Brokers by
Ray Robot II™ has now been running his live spread betting test comparing Alpari UK with GKFX for over a month. We're rather obsessive here at the Trading Gurus, and we've noticed a variety of interesting differences between Ray's four experimental accounts during that time. Some observers have however suggested to us that all that matters in a trading account is "the bottom line". Whilst we humbly disagree with that assertion, Ray is nonetheless now proud to announce that there is at last a difference between the bottom line of his Alpari accounts (currently standing at £255.00) and his GKFX accounts (currently standing at £261.00). There are any number of other (less significant?) differences also.
More on Ray Robot Makes More Money Spread Betting with GKFX than with Alpari
Filed under Brokers by
Last weekend LMAX quietly announced to those of their customers carrying trades over the weekend that they were introducing what MetaTrader brokers refer to as micro-lots on their spot forex contracts. Whichever way you look at it, that title is something of a misnomer, but we'll explain what it means to a client of LMAX.
Filed under Brokers by
