Following shakeups in the senior staff at some of the biggest Forex brokers including Forex.com and GFT Forex, OANDA has become the next Forex broker to reshuffle its team, replacing CEO Michael Stumm with K Duker, the former Managing Director for the broker's Asia Pacific division. Mr. Stumm will be remaining on the company's board of directors, but will no longer fill the role of CEO. Instead, Mr. Duker will now be tasked with helping the brokerage expand from its current market position to hopefully enjoy a larger percentage of the industry pie.
Most Forex brokers saw a decline in trading volumes in the first quarter of 2012, which is likely a reason in which brokerages worldwide have been making major changes to their structures and attempting to publicize new offerings (and, in some cases, gimmicks). On the other hand, it may be a combination of a volatile market, unsettling politics out of Europe and worldwide financial troubles that have decreased trade volume. Whether any of these personnel changes will make a difference is too early to tell, but feelings of optimism for the future are definitely in the air.