Tag Archives: institutional forex

FXall successfully completes IPO, priced well below the range, rises 14.5%

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FX Alliance (or FXall in short) successfully completed its anticipated IPO today. FXall trades on NYSE under the FX ticker. FXall had to slash its offered price to $12.00 from the originally expected range of $13.50-$15.50 to be able to …
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Daily spot FX volume grows 28% by October 2011

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The Survey of North American Foreign Exchange Volume is designed to measure the level of turnover in the foreign exchange market. The survey defines foreign exchange transactions as spot, forwards, swaps, and options that involve the exchange of two currencies. …
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End of year effect – ICAP's forex volumes down 11%

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Marking the usual end of year slow down in trading volumes, as many traders eliminate positions, which was already felt in October since the summer’s peak – ICAP’s fx volumes were down 11% year on year. Below you’ll find ICAP’s daily FX volumes averages month by month for the past 2 years. Excluding this summer’s peak – overall trend is not positive.
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360T acquires Finotec, rebrands it as FinBird Trading Systems; to enter retail forex

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360T is an institutional multi-product platform provider. For Spot FX trading products 360T caters mostly to banks, broker dealers and others. For years 360T was just one of the several available fx institutional platforms competing for same clients and until now was only tracking other competitors like Currenex who were able to penetrate the retail forex market through its White Label offerings.
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