Monex, GMO Click Volumes Slide, Saxo Bank’s, Michel André, Checks In

Amid a short holiday week in the United States following the observance of Independence Day, several developments continued to unfold in the 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 Nation, including downtrodden volumes by Japanese brokers and a revamped MT5 platform.

The Experts platform welcomed its newest contributor, Asaf Yigal, VP at OANDA, and responsible for the Trade Leaders Program, a leading copy-trading product that was developed by Currensee. Mr. Yigal will be serving as a Social Trading expert and is available for any questions on the “Meet The Experts” platform.

This week was also highlighted by some exclusive interviews across the industry, including Saxo Bank’s CTO, Michel André, who discussed the next big development in the Forex industry. Furthermore, FX Streets’ CEO, Carolina May, outlined the role of information websites in the Forex realm.

Key Executive Moves

Interbank prime of prime solutions provider, CFH Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term, has appointed Paul Jackson to the newly created position of Head of Sales, where he will manage an experienced international sales team. Read More Here

Norbert Lukasiewicz has left Integral Development Corporation according to Forex Magnates, the move comes during a period where the firm is currently undergoing major personnel changes and restructuring. Read More Here

Mansoor Mohi-uddin, the Chief Currency Strategist and current Managing Director at UBS AG, has left the Swiss banking giant as part of an initiative to trim costs and help streamline overall operations. Read More Here

Following reports of a restructuring at Integral’s London office, the company issued a statement announcing the appointments of Jon Barker to Managing Director and Richard K. Farrell to Global Head of Sales. Read More Here

In Case You Missed It: Japanese June Volumes in the Red

June proved to be another weak month for Japanese Forex brokers, including GMO Click, Monex Group and DMM Markets all finishing in the red for monthly volumes. The news is particularly concerning given consecutive months in the red, which has failed to rebound despite other regions performing marginally better in recent months.