FX BROKERS
Alain Broyon CEO Dukascopy Bank
In this exclusive interview for FX Trader Magazine Alain Broyon talks about Dukascopy’s dealing model and explains what are the advantages offered by the Swiss Forex Marketplace. He talks about the company’s growth and future strategy and how US clients will be able to continue using Dukascopy Bank’s technology from July 16 onward.
FX
INTERVIEW FXTM: Since when did you
join Dukascopy Bank? Could you tell us about your previous professional background?
AB: I joined Dukascopy in 2005. My previous experience in the stock market arbitrage as an equity trader has inspired me to enter the FX market .
FXTM: Dukascopy Bank
founded the Swiss FX Marketplace (SWFX). Can you explain what is SWFX and which advantages does it offer to Forex traders ?
AB: The Swiss Forex
Marketplace is a trading technology which was developed based on two main principles: Equal trading rights – meaning that all clients have equal possibilities to provide
FXTM: What is the correct
way to define the company’s dealing model: ECN, ECN/ STP?
AB: Dukascopy Bank has
a unique ECN-Marketplace business model. Based on this model all market participants including institutional and individual to
clients provide and/or are able consume liquidity at the same time
and consume liquidity within the trading environment (this is
a marketplace
model); Transparent pricing environment, where
all
business clients
have access to the same liquidity at equal prices through a single datafeed. This ECN – Marketplace represents the advanced generation of liquidity aggregator in the industry.
in a transparent pricing
environment. FXTM: During the last
Moscow ForexExpo, Dukascopy Bank was awarded the price of the Best Forex broker in Europe. Why do you believe many Forex traders chose Dukascopy Bank?
AB: The stability of being
a Swiss bank and our unique technology is definitely an advantage. At the same time the transparency that we provide is also very appreciated by our clients, as I mentioned in your previous question.
FXTM: Are you targeting
both the retail and institutional markets? How is your current client base structured and how do you see it evolve in future ?
the FX TRADER MAGAZINE July - September 2011 31
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