20 May 2018

FXMarketSpace launches profit share programme

07 December 2007  |  2173 views  |  0 Source: FXMarketSpace

FXMarketSpace, the first centrally-cleared, global foreign exchange (FX) platform for the over the counter (OTC) market, today announced a profit share programme that will allocate 37.5 per cent of its profit between its most active trading customers.

The JumpBall profit share programme recognises trading customers who contribute to the long term success of FXMarketSpace. It is open to bank and non-bank participants and rewards the 16 most active traders on FXMarketSpace.

Qualification for JumpBall begins on 15 January, 2008 and runs until 30 September. Customers with the highest average daily volume during the qualification period will have the right to receive a share of FXMarketSpace profits for up to four years.

FXMarketSpace is already building a diverse group of customers and aims to reward the 4 most active banks and 4 most active non-bank participants with the highest percentage of profit share. An additional eight customers (both banks and non-banks) are able to participate in a smaller profit share in successive one year profit share pools.

FXMarketSpace seeks to reward both short-term and long-term participation by allocating a significant share of its profit for up to a four years and guaranteeing a minimum profit share amount for both 2008 and 2009.

Rick Sears, President and Chief Sales Officer, FXMarketSpace, said, "During 2007 our goal has been to increase the number of customers connected to FXMarketSpace and in the eight months since launch we have added over 50 trading organisations to our platform. By introducing JumpBall, a term taken from equity trading meaning each firm is in direct competition for a piece of business, we are seeking to make our order book deeper and tighter, reward existing high-volume customers, and attract new participants."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit iliad-solutions.com/

Top topics

Most viewed Most shared
Ripple moves to build ecosystem around XRPRipple moves to build ecosystem around XRP
9631 views comments | 5 tweets | 7 linkedin
IT implications and the need to pivotIT implications and the need to pivot
9471 views comments | 2 linkedin
HSBC claims blockchain breakthrough for trade financeHSBC claims blockchain breakthrough for tr...
9347 views comments | 14 tweets | 16 linkedin
Irish bank caught in social media spying stormIrish bank caught in social media spying s...
8078 views comments | 25 tweets | 16 linkedin
Former JPMorgan blockchain leads unveil new startupFormer JPMorgan blockchain leads unveil ne...
7272 views comments | 2 tweets | 2 linkedin

Featured job

Competitive base + commission + benefits
London, UK

Find your next job