In case you missed it
FinanceFeeds takes a look back at the top five stories from the past week, providing you with a chance to catch up in case you missed anything.
The past week, which marked the beginning of February, was interesting for the Forex and fintech industry. In case you are concerned you might have missed anything, the FinanceFeeds team provides you with a summary of the top five stories from the last seven days.
Nigeria – the land of FX opportunities?
On Thursday, the Nigerian Central Bank suspended eight Nigerian banks for defaulting on FX settlement. As a result, they cannot conduct any interbank FX activity for two months. This presents an attractive opportunity for FX brokers but do they have what it takes to handle the challenges of the local market? Nerves of steel are required.
Bleak future for FX engagement tools
In this in-depth analysis, FinanceFeeds’ CEO Andrew Saks-McLeod examines the faith of providers of ancillary services for the FX industry and FX engagement tools, in particular. As self-directed trading has taken over from ‘calls to action’ and electronic encouragements, their popularity is waning and the future perspectives for them seem quite dull.
On Wednesday, Quebec’s financial markets regulator AMF published proposals to amend the Canadian province’s Derivatives Regulation in order to formally prohibit the offering of specific kinds of binary options to Quebec investors. The watchdog stops short of imposing a blanket ban on offering of all sorts of binary options. Instead, its proposals envisage a ban on binary options with expiries of less than 30 days.
Cyprus FX brokers and the new rules
Following the recent coming into force of new rules concerning leverage and bonuses in Cyprus, FinanceFeeds examines what Cyprus-based Forex brokers will do to comply with the new requirements. The first part of the research concerns the prime brokers, with Paul Orford, Head of Institutional Sales at AMB Prime in Limassol, providing his insight on the matter.
For more in-depth investigation, interesting analyses, interviews and research, visit FinanceFeeds.com.
