FXCM Volumes In The Red, Mushegh Tovmasyan Leaves Alpari For Divisa

Brokers were the talk of the industry this week as FXCM and Interactive Brokers each reported waning volumes – meanwhile, tradable made some key hires, while Alpari lost Mushegh Tovmasyan.

Getting Lean to Establish a Solid Foothold in FX – CurrentDesk’s Travis Dahm

Travis Dahm, co-founder and managing partner of CurrentDesk spoke what are the survivability rates of new brokerages, the tough current market and regulatory environment and the ways to optimize a brokerage business in it. Read More Here

Mushegh Tovmasyan Leaves Alpari To Become CEO at Divisa Capital

Mushegh Tovmasyan has left his role as Director of Alpari to become CEO of Divisa Capital Group LLC and reaffirm his presence with the firm in a bid to initiative a series of new initiatives across the B2B and prime of prime realm. Read More Here

Key Executive Moves

tradable Makes a Number of New Hires – Selects Patrick Mortensen as Chief Commercial Officer

Tradable, the world’s first apps-based Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term for electronic trading in financial markets, has reported a number of developments including a new hire at its executive level. Read More Here

Portugal’s Central Bank Pressures BES to Decide on New CEO in Bid to Curtail Panic

Portugal’s second largest bank, Banco Espirito Santo SA (BES), is poised to announce a new CEO appointment on the heels of an emergency meeting as pressure builds from the country’s central bank. Read More Here

FX Head, James Watson Parts Ways With Thomson Reuters & FXall

James Watson, the Head of FX Transactions for Europe, the Middle East, and Africa (EMEA), has parted ways with Thomson Reuters and FXall and is reportedly en route to another unnamed firm. Read More Here

In Case You Missed It

Gallant Capital Markets Acquired by WSM Investments for $14.5 Million

Gallant Capital Markets, the British Virgin Islands (BVI) based FX broker, has announced to Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates that it has agreed to merge with WSM Invest Ltd., a global financial services firm affiliate with multiple licenses to operate in Europe and Asia. Read More Here

FXCM’s Retail Volume Dips 3% in June, as Institutional Figures Rocket Higher by 22%

Monthly volume figures at FXCM have just been released in a company statement, revealing yet another divergence in the figures between institutional and retail client. Read More Here