In the eye of the Swiss Franc storm are, of course, the Switzerland based retail forex brokers. Leading Swiss forex broker Swissquote Group Holding SA (SWX:SQN) has announced it will be creating a CHF 25 million provision against earnings in the first half of the year, due to negative client balances created on the large Swiss…
Read moreSwiss FX bank Dukascopy channels its efforts further toward mainstream media, launches instant messenger to rival WhatsApp The age of media and communication via digital messaging has become an essential component within the electronic trading industry. One particular company, Swiss FX bank Dukascopy, is a pioneer in the use of digital media and video, and…
Read moreMost MIG Bank employees are relocating to Swisquote's Gland HQ, clients moved over too. LeapRate Exclusive... LeapRate has learned that leading Swiss online trading firm Swissquote has formally closed today on its $70 million acquisition of MIG Bank. As both firms are licensed Swiss banks, and are also regulated elsewhere (UK, Hong Kong, and Dubai),…
Read moreAC Markets and MIG Bank will soon redirect to Swissquote.com/fx. Leading Swiss forex broker Swissquote has sent a note to clients that it will soon eliminate the www.ac-markets.com website, which it has kept live since its acquisition of rival Swiss broker AC Markets three years ago. As most of Swissquote's eForex business was based on its…
Read moreInvestors continue to cheer the combined prospects of the two Swiss forex leaders. Quick update as we continue to follow the Swissquote - MIG Bank acquisition.... It seems, as far as Swiss stock investors are concerned, that 1 + 1 is greater than 2. Swiss online broker Swissquote has seen its shares continue to rise…
Read moreMIG Bank monthly forex volumes averaged $60 billion in the first half of 2013. This will once be known as the week of retail forex acquisitions. After seeing Gain Capital close on its purchase of GFT, Oanda acquire social and copy trading service Currensee, and FXCM buy FX research shop Faros Trading, comes potentially the…
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