FX BROKERS
monitored the integration. FXTM: How is this merger going
to change Swissquote Bank’s FX strategy?
MB: It is a volume booster and an
opportunity for us to expand into the institutional FX business. ACM has the technology and a strong client base. Globally the FX business will represent in 2011 about 40% of total earnings.
FXTM: Will ACM keep its brand
name, or will the merger include a re- branding of ACM’s business under Swissquote Bank’s name?
MB: ACM has legally been merged
with Swissquote. We will however keep the brand name for the moment and, most important for our client, keep the trading platform.
FXTM: What are the services
currently offered by ACM to forex traders?
MB: ACM provides clients the
ability to trade 58 currency pairs as well as gold and silver over a choice of 5 different platform solutions (including MT4). As well as offering spreads as low as 0.9 pips and WYCIWYG execution, ACM also provides 24-hour customer support and produces high quality research from its in-house strategy desk. In addition ACM clients may also
access the complete services offered by Swissquote Bank, namely all types of tradable securities via our trading
FXTM: ACM produces its
proprietary news service called “FX Insider”. Can you tell us more about this service?
MB: FX Insider is a live news
window built into the ACM platform which provides direct access to breaking news and analysis from our in-house strategy team. It allows clients to see constant technical analysis commentary and information on what is moving the market, all in real-time.
FXTM: Compared to other FX
brokers, what are the other main benefits that ACM offers to online traders?
MB: Guaranteed order execution,
lowest spreads with attractive conditions. Compatible with any operating
system, including Mac
technology. FXTM: Are you targeting both the
retail and institutional markets? How is your current client based structured and how do you see it evolve in the future?
MB: We target Institutional and
retail markets where legally permitted. Today we offer customized solutions for both our retail and institutional
FXTM: About the new US
regulation: will ACM /Swissquote still be able to accept clients who are resident in the US from July onwards?
MB: Tis is an important question
– we are still evaluating the situation in order to find a solution which fits best to all involved parties.
For more information reg arding Swissquote Bank, visit:
www.swissquote.ch
FX TRADER MAGAZINE July - September 2011 29
platform or through our e-Private Banking, a platform geared to clients who are interested in an electronic, easy-access means of private banking. We also offer Savings and the newly added online mortgages.
FX
clients. In the future we will continue as technology progress.
advantages
FXTM: What are the main that Switzerland offers
today for a forex trader? MB: Regarding Swissquote, we are
an established bank offering traders a variety of other banking services. Traders are able to take advantage of Switzerland’s banking confidentiality as well as bank-client transparency which falls in line with FINMA’s requirements.
FXTM: Would you say that the
FINMA has now joined the U.S. CFTC and NFA,
the U.K. FSA
and the Australian ASIC in being an efficient force in the regulation of the forex market in Switzerland? And how do you expect the Swiss regulatory environment to evolve in the future?
MB: We support certain regulatory
measures but we can not evaluate its impact of the forex market at this stage.
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