Link to story
Can't say I've heard anything about FXCM's Active Trader platform before, anyone use it? My initial reaction is negative, as this reduces the already small number of ECNs available to retail traders. 2-3 years ago I would have imagined we'd see twice the number of retail ECN venues by now, along with more competitive commissions, but sadly that hasn't been the case. Instead, the big banks decided to take the easy route by white labeling dealer platforms. Oh well, it's good news for IB and MBT.
Forexsavior beat me to it, but the news is relevant enough to warrant its own thread imo.
Can't say I've heard anything about FXCM's Active Trader platform before, anyone use it? My initial reaction is negative, as this reduces the already small number of ECNs available to retail traders. 2-3 years ago I would have imagined we'd see twice the number of retail ECN venues by now, along with more competitive commissions, but sadly that hasn't been the case. Instead, the big banks decided to take the easy route by white labeling dealer platforms. Oh well, it's good news for IB and MBT.
Forexsavior beat me to it, but the news is relevant enough to warrant its own thread imo.