The problem lies in the competitive environment and high cost of acquisition facing brokers today. The solution lies in automation according to OSYSTEMS’ COO and Advocate Keith Isaac.
Cyprus’ new role as a FinTech center is highlighted by companies like Radius FinTech.
Live: CySec Chairman Demetra Kalogerou goes ballistic, gets executives of Cyprus FX firms in a room and absolutely lambasts them
CySec Chairman Demetra Kalogerou dresses down the entire retail FX industry on the island, telling executives that she does not like IBs, wants to outlaw call centers and has drastic changes ahead, delivered in a powerful and extremely assertive manner
What is today’s meeting in Cyprus about? All responsible officers at Cyprus FX firms are due to attend a meeting hosted by CySec Chairman Demetra Kalogerou. Why now, why did CySec whitewash its purpose, and will there be extreme discontent?
Corruption in Cyprus: Ombudsman goes against clients in FAVOR of IronFX – FinanceFeeds investigation
Astonishingly, the Cyprus authorities, which should protect clients, are attempting to prove IronFx right to withhold clients funds ($176 million), thus invoking contractual terms which are unfair under European law
Cyprus’ institutional evolution: Regtech, fintech and global trade reporting becoming Cypriot FX mainstay
“With all these upcoming regulations, all these continuously updating regulatory frameworks, my personal opinion is that the only way that counterparties and financial institutions can cope with this is by automation and by technology”, says Point Nine’s Andrea Peratitis.
Cyprus FX industry will never sustain itself without mass diversification into funds and multi-product trading – Op Ed
Cyprus’ retail FX industry will likely become a target for ESMA unless a higher level of operation is adopted among smaller MT4 firms.
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
Cyprus will request that the investment firm has authorization in the third country.
Why is BDSWISS allowed to continue to pretend to be a Swiss company when actually it is a CySec licensed binary options, CFD and OTC FX broker operating a b-book? Misleading advertising is one thing, pretending to be a Swiss firm is much more serious
Cyprus is a global center of institutional regulatory and market infrastructure evolution: In-depth report from Limassol
Cyprus has become a pinnacle of high quality electronic markets prowess and is now attracting dialog from regulatory technology firms with large listed derivatives giants of Chicago, Tier 1 banks of Germany, global execution solutions stalwarts and government leaders alike. FinanceFeeds exclusively details Cyprus’ elevation on the world stage
The coincidentally named STP in Cyprus will likely pave the way toward a future of advanced financial technology for Cyprus
Recruiting in Cyprus- a retail broker’s perspective: FinanceFeeds talks to Merav Ziv Dagan from FXGlobe
FinanceFeeds meets with Merav Ziv Dagan, HR Manager at FXGlobe, to discuss what recruiting in 2017 is like in Cyprus as the company expands rapidly.
In such an online, highly technologically advanced industry as ours, the ability for senior executives to socialize and meet with…
The French regulator urges traders to contact the broker and the Cypriot regulator.
Irony in action at CySec: BDSWISS settles with regulator for misleading marketing, but allowed to call themselves Swiss and display Swiss flag
Whilst CySec points the finger at BDSWISS for misleading marketing material, what about pretending to be Swiss, using the Swiss flag, and calling themselves a bank?
Massive loophole: If Israeli government bans all binary options activities, here is where they will go
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.
Following the closure of its operations, one of the largest binary options brands in the world has now renounced its CySec license
MAP FinTech confirms exclusive EMIR reporting contract with vast majority of CySec-licensed firms – FinanceFeeds Exclusive
Despite the presence of many regulatory technology firms with EMIR reporting systems to offer, MAP FinTech now has the vast majority of EMIR-reporting firms with CySec licenses on its books