FX Industry Recovers after CHF Turmoil, Several Brokers Lead Charge

The FX industry is still picking itself up after the aftermath of the SNB decision last week, which has left brokers scrambling for damage control or in some cases the accrual of new business.

Interviews

Saxo Bank’s Steen Blaafalk Discusses the Group’s Capitalization and Potential Losses

Saxo Bank has been one of several industry leaders that has escaped calamity as a result of the surge of Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term last week – 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 spoke with Steen Blaafalk, CFO at Saxo, about the group’s regulatory requirements and potential losses. Read More Here

Fortress Prime’s CEO Mitch Eaglstein Reveals the Secrets of Dubai, Prime Brokerage

Forex Magnates spoke with Mitch Eaglstein, CEO of Fortress Prime and prime broking specialist, for his perspective on Dubai and Fortress’ future direction – “It would not surprise me for Fortress to earn over a hundred million dollars from FX trading this year.” Read More Here

Key Executive Moves

Veteran FX Specialist Andrew Kaufmann Parts Ways with UBS AG

Andrew Kaufmann, longtime FX veteran and global head of foreign exchange structuring at UBS AG, has parted ways with the bank to take up employment at Maven Global. Read More Here

Michael Cashel Named Interim CEO of Newly Launched Equity Venue, Luminex

A total of nine leading investment management firms have coalesced into a new equity trading venue known as Luminex, installing Michael Cashel as its newest Interim CEO. Read More Here

Trending

Lucky or Strong? Who Will Survive CHF Volatility

The forex world is still in shock after the recent SNB announcement. Apart from customers, this event had an extreme impact on brokers and other companies working with currency exposures. Read More Here

Earnings Season: How to Trade It and What to Look For

With the earnings announcement of AA (Alcoa) this past Monday, the first quarter of earnings season 2015 has officially started for the US equity markets. So here are some thoughts, past and present of how I trade leading up to, during and after earnings announcements. Read More Here