A plethora of brokers have reported their July metrics this week, each possessing a largely uneven tone or in some cases downtrodden glimpse into fx volumes this past month – meanwhile, Monex Group made an earlier splash by going all-in with tradable’s platform in a bid to underpin competition in Japan.
Weekly Interviews
Exclusive: Monex To Launch Live Trading With tradable’s Platform
Forex Magnates reached out to Monex FX’s President, Toshihiko Katsuya and tradable’s Co-Founder & CEO Jannick Malling to discuss an ongoing partnership and the launch of live trading, slated to begin within the next few weeks. Read More Here
Tradeview’s Matt Donofrio Talks Liquidity Provisions For FX Brokers
Matt Donofrio, FX and CFDs Sales Director at Tradeview Ltd, reveals the paramount reasons behind liquidity constraints that are facing forex brokers both globally and in North America. Read More Here
Key Executive Moves
Goldman Sachs Names Stacy Bash-Polley As Its New Head of Strategy
Goldman Sachs Group has revamped its trading business by naming Stacy Bash-Polley to the newly created role of Head of Client Management Strategy in the Americas in a bid to help adapt to an evolving industry in the region. Read More Here
BNP Paribas Adds Veteran, Petra Wikstrom as Its Global FX Head
BNP Paribas has appointed longtime foreign exchange standout, Petra Wikstrom, as its newest Global Head for FX in a move to help optimize the group’s FX strategy, quantitative and execution solutions. Read More Here
Morgan Stanley Poaches MD, Jane Bushey from Deutsche Bank
Morgan Stanley has enlisted the services of former Deutsche Bank Managing Director, Jane Bushey, adding her to its High-Yield Capital Markets division in Europe and bolstering an already strong group of personnel led by Co-Heads Ian Gilday and Matt Naber. Read More Here
In Case You Missed It
Saxo Bank Reports July Metrics, Monthly Volume Once Again in the Red
Saxo Bank has just reported its July 2014 metrics, highlighted by declining monthly volumes on both MoM (-5.7%) and YoY (-20.9%) timeframes – nearly on par with its worst month of the year this past April. Read More Here
CLS Group Reports July Figures, FX ADV Withers -9.8% MoM
CLS Group’s settlement and aggregation service has reported its FX trading volumes for the month of July 2014, underscored by a sizeable decline of -9.8% in monthly volumes, coming in at 926,174 in July 2014 Read More Here
FXCM Publishes July Figures, Retail Customer Trading Volume Jumps 3.5% MoM
FXCM has just released its July metrics, highlighted uneven Retail Customer Trading Volumes (3.5% growth MoM, -32% decline YoY), coupled with an all time high of Institutional Trading Volume of $262 billion. Read More Here
