Tag: Yuan
Are Bitcoins the New Chinese Yuan for Forex Brokers?
May 20, 2014
Forex Magnates – Within the retail review column of our Q4 2013 Forex Industry Report, a section was titled “Evolve or Die”. The section of the column discussed that much of the forex industry was struggling with a multi-year decline in volatility, and brokers are being forced to be innovative with their offerings, stating: “While the previous decade was rich in volatility, and nearly any market maker could put their stick in the ground and strike oil, current trading activity has made it a much more difficult environment for brokers. Market-making is still viewed as a profitable business, but more…