As financial and operating results from the past few months continue to trickle in from different brokers, it is becoming clear that a) things are slowing somewhat in the retail FX and CFDs world, and b) some brokers are doing better (and worse) than others in the current environment.
One of the brokers which seems to be having some problems of late is Estonia based Admirals, which has seen revenues drop precipitously for the second consecutive (semi-annual) period to less than half what they were at the time last year, leading to a substantial net loss.
There were also a number of senior industry executive moves to report, including a change at the top of leading UK based online broker IG Group.
Some of the most read and commented-on FX industry news stories to appear over the past seven days on FNG included:
