Difference between revisions 176823109 and 176919058 on enwiki

{{Primarysources|date=December 2006}}
{{POV|date=December 2007}}

{{Infobox_Company |
  company_name   = Forex Capital Markets |
  company_logo   = [[Image:Fxcm logo.gif|FXCM]]|
  company_type   = [[Private company|Private]]|
  company_slogan = |
(contracted; show full)exchange and economic news, as well as information, advice, and resources pertaining to the global currency market.  For new traders, FXCM also provides a variety of learning resources, through such products as the [http://www.fxpowercourse.com FX Powercourse] and free [http://liveseminar.fxcm.com live webinars].  The firm's Chief Strategists, Kathy Lien and Boris Schlossberg have been quoted by information providers such as Investopedia. [http://www.investopedia.com/contributors/default.aspx?id=35]


FXCM introduced its Sentiment Aggressive Fund in July of 2007.** These funds are divided into two strategic components. The first component leverages FXCM's proprietary Speculative Sentiment Index (SSI) which gauges market sentiment to identify break out and trend trading opportunities. This is complemented by an approach that uses sophisticated technical strategies to harvest tops and bottoms in range bound markets. 

This type of fund has found favor amongst many investors who are starting to recognize foreign exchange as a viable alternative asset class, worthy of an allocation in any diversified portfolio. The benefits of which can be seen by the performance of the FXCM Sentiment Funds in July and August versus the turmoil most equities and bond funds experienced over the same period. [http://www.fxaddict.com/community/showthread.php?t=246]

==Platform==
Forex Capital Markets LLC, one of the largest Forex Dealer Members, offers “Fractional Pip Pricing” in an effort to reduce the bid-ask spreads it offers to their clients. Their aim is to provide customers with very competitive transaction costs—tight bid/ask spreads on the most poular currency pairs. 

Instead of quoting full pips, FXCM will now quote prices in tenths of pips. The digit representing a tenth of a pip appears to the right of the two large bold face digits.

With the additional decimal place, you will see a more accurate—and usually tighter—spread. For instance, you might see a buy price of 1.32557 instead of 1.3256 and a sell price of 1.32532 instead of 1.3253. In this case, you would have a spread of 2.5 pips instead of 3 [http://www.aboutcurrency.com/content/view/400/478/]⏎
⏎
⏎
==FXCM New Business Model==

They have migrated all their customers away from a dealing desk platform, and They said that they are now offering a No Dealing Desk (NDD) trading platform passing on orders to six major banks According to them, the FXCM client can now: 

 - trade during news or periods of high volatility without requotes 
 - place entry orders anywhere even between the spread 
 - scalp the market without dealer intervention or trade restrictions 
(contracted; show full)
http://www.gracecheng.com/blog/438/FXCM%20becomes%20Non%20Dealing%20Desk.html 

== External Links ==
*[http://www.fxcm.com FXCM]
*[http://www.dailyfx.com DailyFX]
*[http://www.nfa.futures.org/basicnet/Details.aspx?entityid=0308179 FXCM's NFA 'BASIC' Listing]
*[http://www.nfa.futures.org/basicnet/CaseInfo.aspx?entityid=0308179&type=reg NFA Regulatory Actions]