Once popular FX industry magazine FX-MM, which you can still find today on the lobby coffee table of many Forex sector companies, has announced its intention to shut down among increased competition in the sector.
FX-MM is owned by Russell Publishing, which runs a number of B2B titles in different industries including railway technology, airports, and pharmaceutical manufacturing. Some of Russell’s better-known titles include Intelligent Transport, Global Railway Review, International Airport Review, Drug Target Review, European Pharmaceutical Review, and New Food. FX-MM was the company’s only financial sector publication.
The following note was sent to subscribers and published on the company’s website today from FX-MM publisher Peter Garnham:
A message from Peter Garnham, Editor, FX-MM:
It is with sadness that I have to announce the closure of FX-MM. Over the years, FX-MM has strived to provide an essential resource for the trading, treasury and financial technology sectors.
However, the delivery of media in this space has radically changed.
Despite our many efforts to develop new products and services, the saturation of the market with alternative sources of data has become too great an obstacle.
Founded 25 years ago as a monthly magazine focused on the FX industry, the magazine expanded its remit to encompass all aspects of trading, treasury, financial technology and, in recent years, the constant flurry of new regulation affecting the financial sector.
Personally I have edited FX-MM for four years, and would like to take the opportunity to thank the dedicated team that have made that possible, from our talented team of writers and editors to the wider support staff here at Russell Publishing. I would also like to thank the array of contributors and supporters from across the financial sector that have made the journey so stimulating over the past few years, and, of course, the readers, whose feedback and generosity have been so vital.
Above all, I wish you all the best of luck, and consider it an honour to have been able to edit FX-MM in what has been such a fascinating time of change in the financial industry.