The entity which was identified for sale by FXCM, had a turnover of $37.16m in FY 2015, had transactions and balances with FXCM Inc and V3 Markets, amid others.
Time for FX brokerages to start considering new types of payment processors? The regulators may turn on the existing ones
The time has come to innovate and evolve the way payments are processed to online brokerages. We examine why this is, in great detail.
“Offering both front end interfaces and back office support, an all in one trading solution helps to keep matters extremely simple. Taking out time consuming administrative tasks, a comprehensive trading solution allows you to focus on the task of building your brokerage” – Adinah Brown, Leverate
FinanceFeeds takes a look back at the top five stories from the past week, offering you a chance to catch up in case you missed anything.
Retail traders continually seeking close proximity to vital servers and venues, instant and on-the-go deployment of EAs and automated solutions as well as a sharp method of replication across MT4 virtual servers from any location, along with brokers looking to provide a unique value proposition to ever-discerning customers can now do so with SkyDesks latest innovation
This Day In History: February 17, 2012, CFH’s FX prime brokerage deal with Morgan Stanley represents halcyon days which are now just nostalgia
How times change in the prime brokerage sector. Exactly five years ago, CFH Group was the darling of major interbank PB divisions. Today, it is a small part of a gaming empire
Could last look execution in FX be banned? Not a chance. FCA wants to, but has no power and no remit
As long as the FCA has no remit over banks, absolutely nothing will change the privilege that single dealer platforms have with regard to last look execution. We examine the words of a senior FCA official alongside the industry’s standpoint
IBs from across the world looking to become brokers in America. No competition means massive opportunity
Chinese IBs could easily afford to set up as a domestic brokerage in the US, and so could many NFA regulated IBs. This week, the revival of the US retail FX industry is in full swing
Care for a libation, Sir? Don’t mind if I do… Financial institutions cracking down on London’s corporate drinking culture
The once famous gregarious and alcohol-fueled lifestyle of London’s financial elite is under threat from the politically correct. We take an amusing and tongue in cheek look at how the cut glass decanters and wood paneled chambers are being replaced by rubber-cornered desks and muesli
As the lobbyists push OTC electronic trading toward exchanges, the MetaTrader platform is continuing to take on board listed derivatives multi-product liquidity connectivity. We take a look at how to future-proof a retail brokerage in these times at which there is little defense against the mighty powers that be
“Other LPs could have asked FXCM retail price as a reference too but none did as it did not fit their efx trading infrastructures based on servicing multiple clients. They were all pricing blind against each other. EFFEX was not”
Research: What FinTech and electronic trading firms look for when recruiting senior executives and approaching M&A deals
AIMS International senior executive Torsten Miland looks closely at how the “old” financial institutions are increasingly trying to either acquire these start-ups or actually fund them at an early stage, and what leadership qualities are in high demand within modern electronic trading and FinTech companies
A very detailed insight into the methods by which Chinese investors pay for services, invest in markets and the general dynamic of how the Yuan is an instrument which is traded via electronic means that are so advanced that an entire ecosystem exists around it that differs from every other currency and every other market
Industry executive with 59 years of institutional experience appalled by FXCM situation details all to FinanceFeeds
“I was told many moons ago that Mr Niv had an ‘in house’ price provider, but I discounted the ‘rumor’ telling those who told me, that no person could be that stupid to believe they could do such a thing without being caught out.”
A moot point among pretty much everyone in the OTC FX industry is the current relationship between prime brokerages and banks. Ryan Nettles and Andrew Saks-McLeod delve deep into the current issues that face liquidity distribution in the FX industry
Ryan Nettles and Andrew Saks-McLeod take an engaging and charismatic look at what matters when it comes to integrated news and analysis all on one platform.
“New CySec rulings will squeeze already stretched retail FX firms” says Leverate General Manager Sami Mana
The big risk that faces the brokerage sector in the European Union is that there will be further consolidation in that many will close, and others will merge meaning that there will be less brokerages but the ones that continue to operate will be large due to consolidation” – Sami Mana, General Manager, Leverate
“Even in a pure STP / agency model, some counterparty must handle the hot potato known as risk”, says Jonathan Baumgart.
Who should be responsible for making sure FX companies operate in accordance with best execution practices and in their clients’ interests? The debate continues as to whether compliance should be outsourced