With 23 years of experience in the financial technology sector, Andrew is a prominent international figure within the FX industry. His detailed research in editorial and televised form is often the central point of information for executives within all sectors of the global FX business.
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“Tthe feedback we are receiving is that beyond just lowering the overall cost of ownership to comply with new regulation like EMIR or MiFID I/II by using a regtech startup, large firms are looking towards improving their compliance quality with 3rd party solutions” – Ron Finberg, Cappitech
“When we look at websites like investing.com, fxstreet, dailyfx, and other similar websites, a relatively small percentage of their readership is for written analysis. Nobody is interested in reading any more. People want simple-to-understand information.” – Ilan Azbel, CEO, Autochartist
As EUROPOL holds an international summit on how to enforce the law onto binary options firms, it is worth asking whether working as an employee in that particular industry sector is really worthwhile, or whether it constitutes being an accomplice to what is being considered by international regulators and police departments as fraudulent
Cutting and running is one thing. That is usually what orchestrators of scams do when the heat gets too high. However, outsourcing operations to a call center and sales firm that specializes in this industry, overseas, may allow them to carry on and circumvent any new laws.
Switzerland’s vault-like reputation and notorious disdain for interference from outside may well be its savior should the exchange lobby attempt to revamp OTC derivatives onto listed venues. When was the last time anyone argued with a Swiss bank or its regulator? That’s right. Never
“The larger balance sheet will allow us to increase our access to liquidity via Prime Brokerage & Bilateral relationships and pass it downstream. It will also allow us to increase market penetration due to larger market appeal” – Mushegh Tovmasyan, CEO, Divisa Capital
Last week, FinanceFeeds reported that Hello Markets CRM data is fully available, including the intellectual property of all affiliates, to the public by simply following a few steps involving copying and pasting a URL. We approached Hello Markets, who stated that they had resolved it, however, the problem still prevails.
Marcus Joern, who arrived in Malta from Varengold Bank in Germany, along with several former Varengold executives that were recruited by GBE Brokers during its inaugural years, left the firm in July last year. He has this week commenced his new position at Germany’s Comdirect Bank
“With MetaTrader 5, the user experience is not as expected. Let me make an example. If a broker wants to mark up $10 commission on a trade, then a trader will see the commission charged, however in MetaTrader 5 the commission charge is combined within the floating profit & loss, therefore it is much more difficult for traders to realize the amount of commission that they have been charged.” – Yonglong Wu, Senior Sales Manager, Leverate
Here in Shanghai, Tim Brankin explains a world first in which the MetaTrader 4 platform is now connected to CME to enable retail customers to trade listed derivatives on CME and OTC FX on the same system via the same brokerage
Exactly two years ago today, the entire FX markets were thrown into an unprecedented and unexpected turmoil as a result of the Swiss National Bank having removed the 1.20 peg on the EURCHF pair. Some survived, some didn’t, but it changed the entire modus operandi of the industry. We speak to senior industry leaders to see how they view it on the anniversary of the black swan
Chinese clients are very astute when it comes to understanding of execution model. Some companies are prepared to forego the massive volume opportunities that come from non-Chinese companies that invest in complete Chinese infrastructure in order to provide clients with a Western trading environment
For today’s Chinese brokerage, quality IB relationships and connectivity via a bona fide prime of prime are vital. Here in Shanghai, we look at how China’s FX industry is completely B2B. Fake exchanges and warehouse brokerages cannot measure up to China’s sophistication, and Western firms wishing to join in must not do so remotely