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AxiTrader Launches Retail FX Brand In The U.S.

|Includes:Ameriprise Financial, Inc. (AMP), AMTD, BAC, BBD, BBVA, BCS, BGCP, BK, BMO, BNS, BTFRF, C, CM, CME, CS, DB, DJ, ETFC, FB, FTGI, FXCM, GCAP, GS, HSBC, IAPLF, IAPLY, IBKR, IGGRY, JPM, LUK

Going against the trend, Australia's AxiTrader enters the U.S. Retail FX market.

AxiTrader logoAt a time when we are seeing a number of foreign FX brokerages abandon the heavily-regulated U.S. market (e.g. Forex Club), and even U.S.-based firms close shop domestically to focus on foreign markets (e.g. GFT), along comes AxiTrader going the other way. Australia's leading retail FX firm (and a member of LeapRate's Approved List of global FX firms), AxiTrader clearly has designs on being recognized as a truly global FX brokerage and now has a U.S. presence.

AxiTrader USA has received NFA regulation, and will begin life in the U.S. as an introducing broker of institutional broker Institutional Liquidity (ILQ), a Chicago-based firm which also has a base in Australia.

AxiTrader USA will be headed by Brian King, out of Chicago. King and AxiTrader Chairman Goran Drapac worked together years ago at the now-defunct Refco.

For the complete AxiTrader press release click here.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

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