IKON Group logo showcasing its award as Best ECN Broker Asia 2012 - Global Banking & Finance Review
This image features the IKON Group logo, symbolizing its recognition as the Best ECN Broker in Asia for 2012. Highlighting the firm's achievements in foreign exchange trading, this visual underscores IKON's commitment to transparent and innovative trading solutions.
Interviews

IKON Group- the Best ECN broker Asia 2012

Published by Gbaf News

Posted on January 10, 2013

4 min read

· Last updated: October 31, 2023

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GBFR: Please begin with a brief introduction to the company, including some highlights from its history and an overview of its current operations.

History and Evolution of IKON Group

IKON: IKON Group started life in 1999 as a Market Maker in the Foreign Exchange and Financial Markets, and became one of the first companies to launch the real-time Foreign Exchange Internet trading service worldwide. ikon

Since our launch, we have evolved into one of the world’s largest Internet derivatives trading companies and one of the worlds’ leading providers backed by powerful products, cutting edge technology and unparalleled platform stability. For us, 2012 was a momentous year in that we completed several large projects and through our trading systems, we achieved a notional turnover of US$620 Billion in Foreign Exchange and financial derivatives trading from 62,000 Clients stretching to over 90 countries worldwide.

Key Initiatives Behind ECN Broker Award

GBFR: IKON Group has been selected as the Best ECN Broker in Asia. What initiatives do you feel have led to this success?
IKON: We decided to release a product that embraces the ideals of honesty,transparency and liquidity resulting in the launch of a new Non-Trading Desk Execution model, based on state of the art technology being a completely automatic trading desk with no human intervention. This will enable all the trades of the customers of the IKON Group to be hedged to a clearing Electronic Communications Network (ECN). As a result, the Execution of the Customer’s trades eliminated any conflict of interest between our valued Customers and us. Every trade shall be placed with our liquidity providers who compete to provide IKON with the best spreads.

Furthermore, over the last year, we have announced two historic and strategic alliances, the first is with the Chinese Government of Tianjin to develop a first of its kind, Financial Electronic Communication Network Exchange, to enable Banks, Financial Institutions and individuals to trade on the International Forex Market, the second is with one of the world’s largest Exchange being the NASDAQ OMX Exchange to develop a suite of products tailored to the retail FX and Gold market.

Recent Innovations and Services Launched

GBFR: What other programs, services or initiatives should our readers know about?
IKON: We have just launched what we believe is the world’s best and most generous bonus amounts for all partners and clients who open accounts with IKON Australia.

Traders can maximize their profit opportunities with this extraordinary credit bonus scheme and brokers will receive cash bonus’ for future cooperation.

Exclusive Trading Products for Gold

For more advanced Gold traders, one of most important initiatives is our new and exciting product offered exclusively by us and the NASDAQ OMX Exchange, the World’s largest exchange,which is also the first in a series of products that we intend to bring to market with our partners at the NASDAQ OMW—NASDAQ Spot Gold Futures

NASDAQ Spot Gold Futures is a truly unique product that simulates the over-the counter(OTC) SPOT Gold market trading experience, with the combination of the Security of Funds of Traditional NASDAQ Futures Products` characteristics and we are pleased to announce that since its launch on 8th Feb 2012, the Spot Gold Futures reached the 500k contracts traded milestone.

Future Goals and Industry Trends

GBFR: What are IKON’s aspirations for continued success in this area?
IKON: IKON strives to ensure that every facet of our Customers experience provides unparalleled first class service, personalized products, state of the art technology and industry leading security of funds.

In relation to the same in February 2012, IKON Group acquired IKON Australia, a company regulated by the ASIC of Australia, giving IKON Group an insight into the requirements and preferences of our customers in the Asia-Pacific region providing quality online financial products for clients along with seamless 24-hour multilingual customer service across all time zones.

There is no doubt in my mind that mobile trading is an important part of the future and we will see a continued emphasis on making trading apps robust and efficient. The growth of social media is also dramatically impacting the retail forex market. The ability to network/communicate with fellow traders and watch trade activity is becoming commonplace.

www.ikonfx.com

 

 

Key Takeaways

  • IKON Group, established in 1999, rapidly evolved into one of the world’s largest internet derivatives trading firms.
  • In 2012, IKON Group won Global Banking & Finance Review’s Best ECN Broker Asia award for its Non-Trading Desk Execution ECN model.
  • IKON launched NASDAQ OMX Spot Gold Futures in partnership with NASDAQ OMX on Feb 8, 2012.
  • IKON Group operates globally under multiple regulatory licenses including USA, UK, Australia, China, and UAE.
  • By 2012, IKON processed over US$620 billion in FX and derivatives turnover from tens of thousands of clients across 90+ countries.

References

Frequently Asked Questions

When was IKON Group founded?
IKON Group was founded in 1999 as a market maker in FX and financial markets.
Why did IKON win Best ECN Broker Asia in 2012?
For launching its automated Non‑Trading Desk Execution ECN model that ensured conflict‑free, direct liquidity access.
What is NASDAQ OMX Spot Gold Futures with IKON?
A product launched Feb 8 2012 in partnership with NASDAQ OMX to simulate OTC spot gold with cash‑settled futures.
How extensive is IKON’s global presence?
By 2012, IKON served over 62,000 clients across more than 90 countries and processed roughly US$620 billion in trading.
What regulations does IKON Group operate under?
IKON is regulated across multiple jurisdictions including NFA/CFTC (USA), ASIC (Australia), FSA (UK), Tianjin Financial Authority (China), and RAK (UAE).

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