FinanceFeeds’ live reports from Shanghai, CMC Markets’ view on the prime of prime sector, Divisa’s CEO speaking on $100m investment, and many more.
Week in Review
Two years ago, on that day, the UK Financial Conduct Authority published an official announcement on Alpari UK entering into Special Administration Regime (SAR).
“Liquidity provision for CFDs is still underserved so we will be looking to continue growing our position here”, says Richard Elston, Head of Institutional, CMC Markets.
Representatives of binary options broker 23Traders allegedly pushed 61-year old Canadian man to commit suicide.
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.
The old-school lobbyists may well want to force all OTC FX on exchange, but what if you are a Swiss Bank? – Op Ed
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
On January 14 and January 15, 2017, YOCA, in conjunction with FinanceFeeds, hosted the annual FX industry conference, focusing on…
After a $100 million investment, Divisa CEO Mushegh Tovmasyan speaks to FinanceFeeds on all things prime brokerage
“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
Hello Markets CRM data still publicly available to all as security breach continues after company stated it had been resolved
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.
“The paid advertising element allows your website to take that prime position of being listed first, or at least on the first page of a search. Consider SEO to be the bread and butter behind your website and SEM that layer of jam that makes your site stand out in relevant searches, and hopefully, irresistibly click worthy” – Adinah Brown, Leverate
Jonathan Baumgart, CEO, MoneyMatters.pl & Atomiq Consulting, expects continued growth in competition in the retail FX sector.
OANDA has a new CEO, Jack Linker joins 360T, French regulator goes even tougher on ads of risky products, Banc de Binary gets its Cyprus authorization renounced, and Hello Markets tackles a data security breach.
Exclusive: Affiliates able to access databases of ALL Hello Markets brands and CRM data in massive security breach
Hello Group’s CRM data is publicly available and displays the entire databases of affiliates by just copy pasting a URL. We tested this extensively and raised it with Hello Group, which has now confirmed that it has resolved the issue completely
An industry report by East and Partners shows that the top non-bank provider of foreign currency to British firms last year was Western Union, followed by Monex, CMC Markets, IG Markets, Saxo Bank and American Express.
As CBOE’s $3.2 billion acquisition of BATS Global Markets draws nearer, it is clear to see an interest in massive mergers between firms that have an aligned interest in taking the retail trading sector by storm and placing it on exchange
Following the closure of its operations, one of the largest binary options brands in the world has now renounced its CySec license
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!
ASIC could well follow the FCA in capping CFD leverage to 1:25 for retail clients that have less than 12 months trading experience as part of its ongoing scrutiny of the CFD industry
“In the end the regulators want a situation whereby there are a few large providers who are regulatory compliant with whom they have a good working relationship and all the small businesses, closed down …and that is what they will get!” – Simon Bird, Managing Partner, Onbjectivus Financial Consulting