Plus500 and GAIN’s Stocks Get Haircut, Louis Cooper Talks NZ Markets

On the heels of the FXIC event in NYC, a relatively tranquil week 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 was interrupted by the dismantling of leading brokers’ company stocks and rebranding of a familiar name in the forex industry.

The Experts platform welcomed its newest contributor, Simon Cox, CEO of Ariel Communications, who brings with him an extensive background in product design, innovation and technology across the Forex realm. “Developments in technology and the application of innovation are creating new business opportunities for FX brokers. I am honored to be able to give my opinion and contribute to the discussions on the Forex Magnates Experts web-site,” added Mr. Cox in an earlier statement.

This week was also highlighted by some exclusive interviews across the industry, including Tradeview’s Head of Business Development Manzur Numa who discussed the prospects of social media in relation to forex. In addition, OANDA’s Managing Director of Australia Pty Ltd Louis Cooper checked in for a unique perspective on the antipodean markets.

Key Executive Moves

The week included a number of hires and shuffling from some of the industry’s largest banks, which included Alison Hewitt joining HSBC’s Compliance Unit from Lloyds, the departure of Goldman Sachs’ Wako Ogawa, among others.

In Case You Missed It: Plus500 and GAIN Capital In Retreat

Earlier this week, two leading brokers found their market shares slashed at the hands of a debilitating double-digit decline in stock performance. Plus500 and GAIN Capital’s stocks also felt aftershocks throughout the past few days, with each slated to close the trading week significantly lower.

Eying Exclusives

Forex Magnates also dug deep this week and managed to uncover the following exclusive developments:

Exclusive: MT4i Rebrands as FX Blue Group, Embraces Multi-Platform Strategy

Exclusive: BMFN’s Dubai Office Takes Center Stage for Asia Growth