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Everyone Wants a Piece of the Forex Industry Now

By    |   Monday, 13 Dec 2010 08:55 AM

On Dec. 2, a major change happened in the retail forex-currency market. One of its biggest players, FXCM.com, went public on the New York Stock Exchange. That brought about the first “billion dollar” retail forex firm in the world.

But back before this, FXCM acquired ODL Group out of the U.K. This caused them to be the largest retail forex broker in the world.

These are more signs of how the forex trading industry is “coming of age.” And now that it is … everyone seems to want in on it.

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For instance, in the past year, Think or Swim got swallowed up by TD Ameritrade. So that’s how Ameritrade got into the forex industry … they bought into it.

Gain Capital, which owns Forex.com is talking about doing their own IPO soon (just like FXCM has done).

So where do things go from here? Well, the heat has been turned up a couple of notches now. Therefore the other firms are now going to have to make a move or get left behind.

This will cause some firms to be swallowed up. While others may try their hand at starting their own firm from scratch. But most will be inclined to play “catch up” in order to keep up — and so acquiring forex firms will be the “flavor of the day” for quite some time.

Now how does this affect Main Street?

Formerly, much of the retail public didn’t even know where to go to get involved with the currency market. However, they will start to find out that they will have the ability to trade currencies right through their own stock brokerage accounts, in time.

This will cause the volumes in the forex market to swell even further. There will become more and more reporting on currencies from CNBC and other news agencies.

This means that the spreads will come down as more participants come into the market.

However, it also means that most of the investing public will only be beginning their voyage into currencies. It will be tough as they venture into this market alone.

However, those that are following along with us in the Money Matrix Insider newsletter will have an edge that these guys never had.

About the Author: Sean Hyman
Sean Hyman is a member of the Moneynews Financial Brain Trust. Click Here to read more of his articles. He is also the editor of Money Matrix Insider. Discover more by Clicking Here Now.

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On Dec. 2, a major change happened in the retail forex-currency market. One of its biggest players, FXCM.com, went public on the New York Stock Exchange. That brought about the first billion dollar retail forex firm in the world. But back before this, FXCM acquired ODL...
sean,hyman,forex
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2010-55-13
Monday, 13 Dec 2010 08:55 AM
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