Microsoft exits the Forex business

Microsoft - Saxo Bank MSN Trader joint venture disbanded after just one year.
 
Nov. 21, 2011 - PRLog -- Saxo Bank, one of the largest Forex firms in the world and industry leader in providing White Labels, announced that it is disbanding one of its highest profile White Label client relationships, with Microsoft - almost exactly one year to the day that the relationship was first announced in November 2010. The "MSN Trader - Powered by Saxo Bank" platform was meant to turn Microsoft into a White Label of Saxo Bank, via the more than one million monthly visitors to Microsoft's MSN financial portal website.

Why did Microsoft exit the Forex business?
Will this impact either company?
For more details see Leaprate's Forex Industry News at http://www.leaprate.com

Get the LeapRate-Dow Jones Forex Industry Report for 2011. This year's report examines issues such as:
- How big is the online Forex market?
- Which are the leading Forex brokerage firms?
- How have regulations altered the industry in the US, Japan, China...?
- What impact has social networking had on the Forex sector?
- What financings and M&A transactions have Forex firms completed?
- Valuations – publicly-traded multiples vs. M&A multiples.
See more details at LeapRate http://leaprate.com/forex-industry-report.html

# # #

Which Forex firm should I trade with?
LeapRate's Approved Forex Firms list can help you answer that question. LeapRate is an independent research and advisory firm, covering the world of online Forex and CFD trading. Our Approved Firms list highlights Forex firms which in our view do things right – in terms of adherence to proper procedures, regulation, custody of cash, quotes to clients and risk management techniques, among others. LeapRate is followed by thousands of investors and other Forex industry participants via Twitter, email, and our website at http://www.leaprate.com
End
Source: » Follow
Email:***@leaprate.com Email Verified
Zip:10170
Tags:Msft, MICROSOFT, Msn, MSN Trader, Msn Money, Saxo Bank, Forex White Label
Industry:Forex
Location:New York City - New York - United States
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
LeapRate News
Trending
Most Viewed
Daily News



Like PRLog?
9K2K1K
Click to Share