When will FastMatch and its shareholders BNY Mellon and Credit Suisse want to disassociate the prestigious ECN from FXCM and force its non-controlling minority shareholder out? The question is, exactly how much of FastMatch does FXCM really own, and how can it be valued?
Week in Review
The retail FX trading platform race is hotting up and ever more sophisticated! Denis Borisovsky reveals all
API business these days is not just the preserve of technologists, but is now a core business activity of non-bank prime brokerages. We speak to platform pioneer Denis Borisovsky, who distinguishes ProTrader from PTMC and looks to the future of platforms and market connectivity
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
The scam involved some $3 million fraudulently solicited from over 120 investors in U.S. and Canada.
Binary options brokers continue football advertising and aggressively target French traders.
FXCM’s annual report for 2016 shows V4 Markets and V4 Operator on list of subsidiaries.
The level of mistrust that now blights the introducing broker model means that the IB and the provider are at odds to each other, and therefore neither party can grow that relationship to the max, says Meir Velenski
The broker warns of risks of “default on obligations” and hardships for it being acquired by a third party.
Mr Niv and Mr Ahdout have resigned as directors of Lucid Markets Trading Limited.
Assets recovered total meager NZ$5,145.
Less flashy adverts, refusal to accept French clients and use of questionaries for investors, are amid the findings.
The move will affect Interactive Brokers’ operations across the globe.
CFTC warnings can hardly make registration-deficient brokers budge, FinanceFeeds’ check of the RED List has shown.
Brokers beware: Scammers from binary options brands and warehouse brokerages targeting genuine FX firms with bogus marketing tools
A very disturbing and potentially damaging conflict of interest is manifesting itself in that binary options and low-end warehouse brokerages are moving toward selling leads on false pretenses. FinanceFeeds details how this works and advises all brokers in all sectors to avoid any such offers completely
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
“We believe that eventually AI/BI will replace the call center or at least the need for such a large call center. The costs savings will be big, deep learning changes the way we know our customers as we will know who is going to convert and who not” – Haim Lagziel, CEO & Founder, OSYSTEMS
Participants within modern organizations follow to a large extent the rules outlined by Machiavelli without having ever read his text, argues AMB Prime’s Paul Orford.
Outrageous misrepresentation in football sponsorship a danger to the FX industry and must be stopped
Unregulated binary options firms with no registered physical address and a litany of less than flattering diatribe adorning internet forums, as well as misleading company names are still being accepted as major sponsors for prominent British football teams. Until this is stopped, it is a danger to our esteemed industry, perpetrated by complete outsiders
While French football clubs have rushed to terminate binary options partnerships, 24option’s French website still has an ad about its sponsorship of Juventus FC.