Financial Volatility in Argentina
Argentina started talks with the International Monetary Fund seeking financial rescue once again, as inflation soars and the currency sinks
Let’s first explore the country’s background with some brief historical facts. The name "Argentina" comes from the Latin word for silver, argentum. The original European settlers believed the country was full of silver. It is the eighth-largest country in the world and at 6,960.8 meters (22,837 ft) high, the Aconcagua Mountain in the Mendoza province (where the country’s prestigious Malbec wines come from), is the highest mountain outside of Asia and the highest point in the Southern Hemisphere. In 1913, Argentina was the world's 10th wealthiest nation per capita. Now it is the 54th. Argentina's economy…
What You Need to Know About Foreign Exchange Liquidity
"Liquidity" is one of the most talked about topics when it comes to currency trading
What is liquidity?
When an asset can be easily converted into cash, the asset is liquid. From a financial perspective, "liquidity" refers to the ability of an asset being liquidated at a reasonable price or converted into a means of payment without being converted to other assets first. One can also define liquidity as the cost of cashing out the asset held by an investor at the current market price. The easier the process (ie, the lower the cost), the higher the liquidity.
Liquidity Providers and sources of liquidity
When foreign exchange dealers such as forex brokers establish their own retail business, one of the first things they do is find liquidity providers (LPs). LPs are typically firms…
Foreign Exchange White Label Platforms Explained
What is a White Label
A White Label forex platform enables a trading firm to put its logo and branding on a platform that was created by a technology firm. To the end customer, the white label product appears as though it has been manufactured by the trading firm itself. In other words, a trading firm can rent a trading platform from another company, label it with its own brand, and operate and offer it to their customers. The benefit for both firms is that the technology firm can concentrate on making and upgrading the product or service, and the trading firm can focus on marketing and selling the product.
The advantages of a trading firm operating a foreign exchange white label business:
Increases product offering to their customers
Gives a turnkey trading…
Fortex Launches Hosting Facility in LD5
In this new facility, Fortex will be offering hosting services on premium dedicated hardware to the FX and CFD brokers, asset managers and other market participants who are looking to place their mission-critical matching engines, MT4/MT5 trading servers, reporting servers and other system components in secure and co-located environment.
Raphael Ribeaucourt joins the FAM Clearing, LLC Team (JV between Fortex Inc. and Advanced Markets)
FAM Clearing, LLC., a joint venture between Advanced Markets Ltd, a wholesale provider of liquidity, technology, and credit solutions to banks and brokers and Fortex, Inc., a leading FX ECN trading platform, today announced the appointment of Raphael Ribeaucourt as a VP of Institutional Sales.
Fortex Is A Member Of The Fintech Old Guard With $12 Billion In Currency Trades A Day
The Benzinga Global Fintech Awards are a yearly showcase of the best and brightest in fintech. In preparation for its biggest installment yet in May 2018, we're profiling the...