Today, at the Shanghai Pudong District Court, IronFX officials were subject to commencement of trial for what China considers to be an “illegal trading platform” and for the willful damage done to Chinese introducing brokers and investors
OTC FX is King in China: Local banks have to risk $100 million to make $50 million in traditional investments – Investigation
Local exchanges in China will rush toward becoming OTC FX brokerages, using Chinese subsidiaries of well recognized Western prime brokerages. Whilst the West tightens, China expands in a very promising direction. Here is a full dialog and perspective from within
A pictorial tour through the events of last week at the iFX EXPO Asia 2017 FX industry conference
Live from iFX EXPO in Hong Kong: Exchange lobby hunting the OTC FX firms? In China the OTC FX firms will take the exchange business
In China, regional exchanges are being forced out of existence by new government rulings, and are now going toward OTC multi-product electronic trading. Here is the full report, live from Hong Kong
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
Brokers beware: Chinese agents selling fake ASIC licenses to FX firms and promising custody of client funds
Bogus representatives in China are extorting one off fees from brokerages who believe that they would be purchasing an Australian ASIC FX brokerage license. Beware and avoid at all costs
Are brokers allowed to transfer money in and out of China for the purposes of funding FX trading accounts? Who knows? ….. and why take the risk? We examine the current situation
FinanceFeeds to present FX industry conference in Shanghai, bringing Western firms to a vital Chinese audience
The conference, which will take place on June 24, 2017 at the prestigious Shanghai Tower in the prestigious new Pudong District. We look forward to seeing you there
GBP/USD rallied 360 pips after UK prime minister Theresa May’s speech. Will the reality of hard Brexit eventually bring the sterling down?
China’s FX platform conundrum. We dissect where MT4 and MT5 will fit into the future, live from Shanghai
“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
Live from Shanghai: When the liquidity rush comes, China will dominate its own institutional and retail FX industry from within
China will have a self sufficient end to end FX industry ecosystem from Tier 1 bank level down to the retail trader very soon indeed, and it will be a massive, finely honed domestic market powerhouse
No more bogus exchanges or counterfeit platforms. It’s professional FX liquidity and prime of prime these days
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
eToro’s massive influx into China – one year on. Live interview with APAC CEO Jasper Lee in Shanghai
Just over a year ago, eToro gained Chinese investment. Now, we speak to the firm’s Chinese CEO on how eToro has leveraged its relationship with PingAn to absolutely localize and take China by storm
Live from Shanghai: “The only way ahead is Chinese media, Chinese presence and Chinese banking. All other channels will not work”
Gone are the days of small to medium brokerages attracting business from mainland China. The only way in 2017 is to have full Chinese operational presence. This applies to brokerage facilities, use of media, hosting and payments.
Chinese IB ticking time bomb: Strict laws prevent transfer of money to FX firms abroad, government hamstrings banks
For brokers with no physical presence in China, relying on overseas transfers from IBs, the days of working with a Chinese IB network may well be well and truly over. For those who thought it through properly, the market is yours!
The new rules stipulate that customers of firms that need to send money abroad must give reasons for doing so, including having to pledge to the government that any money sent abroad won’t be used for securities including online trading
In 2017, we will be able to gauge if China’s foray into the interbank FX market is valid or irrelevant
Despite ICBC in China having made an interbank trade against the CAD it is clear that the non-bank sector will flourish and serve the Chinese network of large IBs as is currently the case, relying on Western prime brokerages and western liquidity.
Bitcoin report for 2017 – India, China, regional geopolitics and e-wallet security are considerations for the year ahead
“With just under 5 million Bitcoins left is no wonder why there is such a rush to obtain them. The estimate date to reach the limit of available Bitcoins is based on the block reward halving frequency every four years.” Victoria Garcia, London Stone Securities
Chinese IB joint ventures, the evolution of prime of prime, how to host effectively and why non-bank LPs often only fill 60% of orders. An in-depth discussion with Advanced Markets in Boston, Massachusetts