Well, well, well. Look what’s in the news. It’s all new to IFO – she never paid attention to currency trading until yesterday, when she saw an online ad for a trading website. This proves two things – once you start to pay attention to a topic, it pops up all over. And it pays to advertise.
So, here’s the latest from the WSJ: “Deutsche Bank To Sell Retail Forex Platform To Gain Capital.” Here’s a snippet:
The deal highlights a rivalry in the rapidly growing market for retail foreign-exchange trading between Gain and FXCM (FXCM), both retail brokers that went public on the New York Stock Exchange in December. The two companies are jostling for position with a host of smaller brokers and the retail arms of giant banks like Deutsche Bank. The move comes as regulators around the world, and particularly in the U.S. and Europe, increasingly are scrutinizing retail currency trading, with new rules coming into effect requiring more capital and lower leverage, analysts said.
There’s lots of good background in this article – must reading for IFO!