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Thread: FxPro

  1. #1
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    FxPro

    FxPro news.

    Best Regards, Tom Rink
    IAFT – working with us brings you more profit!
    forumtradersunion.com


  2. #2
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    FxPro Announces Launch of Australian Business

    FxPro Financial Services Ltd (FxPro), a leading global forex broker today announced the launch of its Australian business - FxPro Australia Pty Ltd (FxPro Australia).

    FxPro Australia’s recently opened office, located at King Street Wharf on the Western side of Sydney’s CBD will also serve as the base for the expansion of FxPro’s Asia operations – with Asian clients currently accounting for 49% of its trading volumes.

    FxPro has achieved substantial success since its launch in 2006, and it has gone from strength to strength over the past 12 months. Volumes traded on its online platform were $589 billion in the first half of 2011 and it is on track to have another record year.

    The award-winning provider of online forex trading services to both retail and institutional clients in more than 150 countries has offices in London, Vienna, Moscow, Madrid, Nice and Limassol. The launching of an Australian business was the logical next step in expanding the forex broker’s global footprint.

    Forex trading has become increasingly popular with Australian investors as an effective way to hedge their portfolios at a time of global economic uncertainty - as returns are non-correlated to traditional investments like property and shares. In addition the forex market is the most liquid in the world with average trading volumes estimated at US$4 trillion by the Bank of International Settlement (BIS) – and is open 24 hours a day.

    Mark Bringans, Managing Director, FxPro Australia commented: “FxPro has already seen significant interest from Australian based traders wanting to access our full range of web based, desktop and mobile trading platforms. We offer fast and easy access to the 60 most widely traded currency pairs and all the most popular soft and hard commodities. Our clients can choose from the popular MT4 platform or FxPro cTrader – the ECN (Electronic Communication Network) solution launched in April this year.”

    Denis Sukhotin, Founder of FxPro commented:
    “Australia is a key market for FxPro, and we are committed to developing the strength of our operations in the region. The Australian Dollar is one of the most popularly traded currencies on our platform at a time when both investors and traders are troubled by developments in both Europe and North America. Our Sydney office will also serve as the base for the expansion of our operations in Asia.”
    FxPro Australia Pty Ltd (ABN 68 143 740 603) is authorised and regulated by the Australian Securities and Investment Commission (ASIC), to deal and give advice in relation to foreign exchange contracts and derivatives. This licence can be viewed by following this link to the ASIC website: (AFS Licence number 405750).

    Best Regards, Tom Rink
    IAFT – working with us brings you more profit!
    forumtradersunion.com


  3. #3
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    FxPro Announces 11% Increase in 2011 Trading Volumes

    FxPro Financial Services Ltd (‘FxPro’), an award winning global forex broker today released the operational metrics for its business for for 2011 and Q4 2011 specifically.

    2011 was a record year for FxPro with volumes reaching $1.18 trillion up 11% from $1.07 trillion in 2010. This was the second consecutive year of double digit growth.

    In 2011 FxPro’s business from Asia contributed 51.2% to total trading volumes up from 43.8% in 2010. European trading volumes accounted for 33.6% down from 39.4% in 2010.


    Middle East and Africa contributed for 12%, with the remaining 3.2% coming from the rest of the world.

    Revenue per million traded in 2011 was $71.4 slightly lower than 2010 during which FxPro registered $75 per million traded. Volume traded in Q4 2011 was $298 billion, down by 1.32% from Q3 2011 and 17.79% higher than the corresponding quarter in 2010.

    After a Q3 characterised by very high volatility and exceptional trading activity, Q4 saw a return to normal activity levels, which also included the quiet holiday period in December.

    The most traded currency pair was EUR/USD with accounted for 50% of volumes, with GBP/USD representing only 17% and AUD/USD 8.8%. AUD/USD continues to show increased activity in Q3 it only contributed 5% of total volumes (an increase of 76.

    In Q4 clients from Asia continued to account for 50% of total volumes traded, the same as Q3. European client contribution decreased from 34% to 32% in Q4. Trading volumes from clients in the Middle East & Africa and the rest of the world increased to 13% and 5% from 12% and 4% respectively.


    At the end of Q4 FxPro had 18,337 tradable accounts up from 17,932 at the end of Q3 2011.

    Denis Sukhotin, Founder of FxPro commented:

    “As a leading global forex broker, FxPro had another record year in 2011. The scale of the volatility in the market offered traders great opportunities but it was more important than ever to provide them with all the tools and resources they need to trade successfully. In 2011 we had a number of new business initiatives, including our unique ECN solution – FxPro cTrader – which allows direct market access, we expanded our operations with the opening of an office in Sydney, Australia and we launched our institutional services, aiming to service and support banks and other financial services firms. In 2012 we will continue to enhance our offering in order to achieve our goal of being the world’s preferred forex broker.”

    Best Regards, Tom Rink
    IAFT – working with us brings you more profit!
    forumtradersunion.com


  4. #4
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    FxPro Announces Tighter Spreads and Deeper Liquidity

    FxPro Financial Services Ltd (FxPro), a leading global forex broker today announced two major new developments to its ECN platform, FxPro cTrader.

    Through its new partnership with Integral - a technology and application provider of trading and liquidity aggregation solutions - FxPro’s cTrader platform now aggregates price streams from some of the largest global banking institutions. This provides FxPro’s clients with the deep liquidity and prices found on the interbank FX market when executing volumes from as low as $10,000 up to $500 million.

    FxPro’s partnership with Integral and the aggregation of prices from some of the largest global institutions allows the company to provide highly competitive spreads on the 40 currency pairs currently offered on cTrader - starting from as low as 0 pips on some of the majors.

    In addition FxPro has teamed up with Traiana for the matching of trades - a leading post-trade service provider that connects more than 500 firms with solutions that automate the full-trade lifecycle of products. Using Traiana’s services, trades are matched and reconciled in real-time with FxPro’s prime broker, Morgan Stanley International, the global standard-setter for prime brokerage market for the past 25 years.

    Denis Sukhotin, Founder and Chairman of FxPro commented:

    “By leveraging FxPro technology and our relationships with global financial institutions we have built an unparalleled pool of liquidity we are extremely proud of. The reduction of spreads and our radical rebate program are the logical next step in sharing this success with our clients”.

    Best Regards, Tom Rink
    IAFT – working with us brings you more profit!
    forumtradersunion.com


  5. #5
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    FxPro Wins 2012 World Finance Foreign Exchange awards

    FxPro Financial Services Ltd (‘FxPro’), a leading global forex broker was today announced the Best Global ECN Broker 2012 in the prestigious World Finance Foreign Exchange Awards.

    FxPro’s cTrader platform was recognised as the best ECN solution for both retail and institutional traders, and its innovative solutions and advanced technological capabilities garnered high praise from the judges.

    The World Finance Foreign Exchange Awards are known throughout the financial press as a pinnacle of recognition for major market participants. The World Finance Award Selection Panel used a wide range of criteria selecting its 2012 awards, lending the critical eye of a collective 230 years of business journalism to the exhaustive information gathered by the research team. Key factors measured included:

    • Service and security
      Competitive pricing
      Transaction volume and market share
      Innovation and originality
      Market leadership


    Denis Sukhotin, Founder of FxPro commented:
    “FxPro is delighted to announce that the Finance Foreign Exchange Awards selected us over all of our competitors as the ‘Best Global ECN Broker 2012.’ FxPro’s cTrader platform provides full ECN access to the currency trading markets for professional and new traders. We route your trades to ECN networks meaning you're trading directly with prominent global banks, freeing you from the inefficiencies of market maker models and opening the door to transparent trading in a live environment. Our goal is to be recognised as the world’s preferred FX broker and this award is testament to that.”

    Best Regards, Tom Rink
    IAFT – working with us brings you more profit!
    forumtradersunion.com


  6. #6
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    FxPro Announces a Major Development in its Global Operations

    FxPro Financial Services Ltd (FxPro), a leading FX broker today announced a major development in its global business– FxPro UK Ltd is now open for business and will be operating an agency model.

    FxPro UK Ltd’s clients will benefit from a true no-dealing desk execution environment.


    FxPro UK Ltd streams and aggregates quotes from leading banks, including Deutsche Bank, UBS, and Morgan Stanley, and passes them on to clients directly to ensure they always receive the most competitive pricing.

    By sending orders to the best bid/ask price on offer from their pool of more than 10 liquidity providers and only charging a mark-up on the spread or a fully transparent commission, FxPro’s interests are fully aligned with those of their clients.

    In addition, under the global umbrella of services offered by FxPro, clients now have the option of opening an account directly with one of three separately regulated companies – including the London-based FxPro UK Ltd, regulated by the Financial Services Authority (FSA).

    FxPro has made a concerted effort over the last few years to make transparency not just a cornerstone of its business model but to encourage it in the wider FX industry. It is now authorised by the FSA, ASIC, and CySEC and despite being a private company it publishes its quarterly operational metrics online. It is also a member of the Securities Houses Compliance Officers Group (SHCOG).

    Following closely on the heels of the opening of FxPro’s Australian office last year, the expansion of services by FxPro UK Ltd and the move to its agency model is another milestone in FxPro’s progress towards becoming the world’s preferred FX broker.

    Best Regards, Tom Rink
    IAFT – working with us brings you more profit!
    forumtradersunion.com


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