After 8 years at Bloomberg, Robert Buxton joins ISPrime in London, responsible for Institutional Sales.
How did SpotOption establish physical presence in London when UK considers binary options to be gambling?
“Many consumers report having been scammed by these firms and we have concerns that UK consumers are being increasingly targeted by fraudsters who offer opportunities to invest in binary options” – FCA, July 2016.
“Institutional clients, and their retail clients in the case of retail brokers, can end up with a far better deal if they can access liquidity directly from their prime of prime but still have the ability to take whichever direct price feed they prefer” – James Watson, CEO, ADS Securities, London.
FX trading companies in Britain may benefit from NatWest’s plan to charge customers interest for being in credit
Don’t want to PAY interest to actually deposit cash and be in credit at the bank? Try a retail FX account instead!
Financial regulators and electronic trading firms relying increasingly on management consultancies for PR
Regulators and institutional companies are increasingly looking toward outsourcing PR and external affairs to professional services firms. This week, David Waller joins FTI Consulting as Managing Director in a sector that is growing rapidly to support the behemoths and leviathans of the industry
FinanceFeeds conducted research into how willing Tier 1 banks are to give FX brokerages client holding accounts and business accounts to hold operating capital. Despite FCA or CySec regulation, and plenty of capital, the answer is a resounding no, even from the largest interbank FX dealers
Fullerton Markets research team takes a look at how the banks from Australia, Canada, UK and Japan are setting rates, and what picks are bullish.
Caroline Cooke left City Index, along with several colleagues, in Summer 2015 following the acquisition of the firm by GAIN Capital. She has now been appointed to a senior executive position at Swiss Re, leaving the FX industry.
Once again, Japan’s traders are requesting trading facilities for volatile currencies. First of all the CHF boomed in the aftermath of Black Thursday in January 2015, now the Turkish Lira is in high demand among those in the Land of the Rising Sun.
FinanceFeeds investigates in great detail the mechanics and techniques behind a very clever binary options scam that extracts several hundred thousand euros from a client, with the pretense of a managed account, and a smokescreen that removes every cent from the customer. Here is the entire scenario.
“The fact is, that every day activities, such as checking e-mail, searching for information on the internet, buying things and checking social media networks, are happening on mobile devices more so than on PCs. A reported 33% of people use their smartphones to access the internet” – Yael Warman, Leverate
IG Group performs U-turn: Company asks “why pay for something you don’t use” yet upholds inactive account charges
This morning, IG Group published an advert asking customers “Why pay for something you don’t use” relating to stop loss charges, however the company levied an account inactivity charge of £12 two years ago which remains in force – an inactive account being something “you don’t use”
Several variables affect the financial markets at any given time and yet the most powerful tool to disrupt pricing seems to be the good old rumour.
The law has finally caught up with convicted felon and Fortress Prime shareholder Hamed El-Barki who remains wanted by the FBI in the US. Whilst that warrant is still outstanding, Mr. Elbarki has been jailed in the UAE for issuing fraudulent checks
First the compliance officers, now the counterparty credit risk tech specialists: GFT snaps up expert consultant
Consultancies are now snapping up the technologists that design counterparty risk technology systems from the major banks. Mohit Dwivedi is a case in point as he joins GFT after spending 10 years at Citigroup, the world’s largest FX dealer, where he designed a risk technology platform based on big data