Just over a year ago we reported that "Microsoft Enters Retail Forex". It now seems as though what with one thing and another that little (ad)venture didn't turn out as originally hoped. At that time I opened an MSN Trader account of my very own, but yesterday I received an email from saxobank.com informing me that:
More on Microsoft Exits Retail Forex – MSN Trader Reverts to Saxo Bank
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We suggested just after Christmas that FXCM were building an acquisitions war chest, and that's how things are now starting to pan out. At the beginning of this month the Wall Street Journal reported that:
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MSN Trader is now live! According to the web site it's "The Investor Platform of the Future". Despite the slightly confusing initial publicity, from 12:00 GMT today there have been over 160 currency pairs available for trading on MSN Trader, as long as you are a UK resident.
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According to Computer Weekly Microsoft will be launching MSN Trader for the benefit of retail traders here in the UK on Wednesday, pasting a white label version of Saxo Bank's WebTrader platform into MSN Money:
More on Microsoft Enters Retail Forex. Launches MSN Trader with Saxo Bank
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