One of the longest established FX industry news sources, FX-MM is going to close by the end of 2017. The company cites the changing shape of the FX industry’s media coverage, and strong competition
With 25 years of experience in the financial technology sector, Andrew is a prominent international figure within the FX industry. His detailed research in editorial and televised form is often the central point of information for executives within all sectors of the global FX business. Find Andrew on LinkedIn or email firstname.lastname@example.org
British FX hedge fund managers favor ICOs because they remove binary options fraudsters from electronic trading
London’s hedge fund managers see ICOs as a way of getting rid of the association with genuine trading that binary options has wrongfully enjoyed. Here is our full insight, following meetings in London with hedge fund executives
A fool and his money are soon parted: George Popescu and the $14 million ICO that lost investors $7 million
“I found it pretty wild that Mr Popescu is an advisor for other companies about to launch an ICO. He just did one last for a company called AirFox and investors have already lost $11 million in less than a month” a commercial lawyer in London told FinanceFeeds. ICOs are exactly as we have maintained since their launch – a platform for serial fraud and substantial loss with no recourse.
Exclusive: Chinese government blocks FXCM, Aetos, FxPro, XM and many other large retail FX broker websites
Now, more than ever, face to face relationships with key partners and IBs are crucial to sustainability as the Chinese government blocks several retail FX sites permanently.
We were right: Israeli official Professor Shmuel Hauser shares our view on fraudulent ICO and crypto mania
Israel Securities Authority chairman Professor Shmuel Hauser states that binary options fraudsters are moving to cryptocurrency and ICO fraud, highlighting FinanceFeeds’ perspective on this matter. Here is the full insight
Retail FX bombshell: Bumbling FCA official says FX brokerage services will have to be paid for by asset managers
“I work closely with preparing for MiFID on the sell-side. To me, this increasingly feels like a simple bank tax. I am guessing that retail investors may have indirectly paid something like 10-15 bps of their annual fund management fees into sell-side research consumption ( pure guesswork).” – We could not agree more.
“Our clients have been asking us to give them the ability to access additional asset classes, so with this in mind we have been developing our new CMC Prime Derivatives platform” – Richard Elston Head of Institutional, CMC Markets
Slippage is normal. Price variation is normal. What is not normal is cancelation of profits, or preferential behavior by b-book brokerages under strange and non-existent terminology such as off-market pricing. We investigate in full and show how this works, with full insight from within the bank, non-bank and brokerage sector
Sir Chris Hohn, head of hedge fund TCI which owns 5% of the London Stock Exchange, is entitled to call unscheduled shareholder meetings, this time accusing LSE senior ranks of forcing outgoing CEO Xavier Rolet to leave, and accusing the venue of poor governance and gagging Mr Rolet
Exclusive: Want to take your brokerage into China? This is the ready-made solution for exactly that purpose
Chinese brokerages and IBs will need a full, China-focused system as the entire topography becomes more and more important to the global FX industry. By integrating a Chinese-focused broker solutions firm with a fully customizable retail trading platform, the route to China for western firms, and the route to the west for Chinese firms just got much easier
Chicago institutional electronic trading senior executive Natasha Solis appointed Managing Director of Global Sales at Matrix Execution Technologies
Natasha Solis, one of Chicago’s very well connected senior executives in the derivatives technology sector, has been appointed Managing Director at Matrix Execution Technologies, responsible for global sales, in another example of the aspirations of Chicago’s refined listed venue providers to gain a worldwide audience across all sectors
Exclusive from Australia: Gold-i CEO Tom Higgins says cryptocurrency is a natural progression and gives a comprehensive view of the future
Gold-i CEO Tom Higgins, a senior financial technologist with vast experience across London’s exchanges and in retail FX liquidity management R&D, looks back over 6000 years in the history of money and financial transactions, deducing that cryptocurrency bears resemblance to ancient methods of payment, and that it is a natural progression rather than anything revolutionary, which is why, when used in correct context, it must be taken seriously
Social trading’s death throes: China’s interest is not in revival as Zulutrade’s fate is to play second fiddle to eToro
Why did Formax buy Zulutrade? Not to take the defunct social trading model to China, that’s for sure. Quite the contrary. Here is our analysis
Exclusive: Focus on multi-asset liquidity across multiple venues. We speak to Swissquote and PrimeXM
As Swissquote Bank begins to distribute its liquidity into PrimeXM’s XCore system, we take a very close and exclusive look at the importance of technological R&D between brokerage and provider, with full commentary from Swissquote and PrimeXM
Australia is an FX industry benchmark: FinanceFeeds Sydney Cup hosts the absolute top level senior FX executives
From publicly listed electronic trading giants to the major interbank dealers, and from board level executives from the world’s prime of prime brokerages along with institutional technology leaders, the FinanceFeeds Sydney Cup brought together the very leaders which preside over the most important components of the global business. Here is a full insight into the gathering of the elite in one of the most important regions for this industry in the world
Today, FinanceFeeds speaks to Michael McCarthy, Chief Market Strategist at CMC Markets in Sydney, Australia to go into detail with regard to the company’s newly inaugurated podcast series, which features some of the world’s most prominent institutional traders, and is intended to empower retail traders in Australia and across the Asia Pacific region.
Exclusive: AI initiative aimed at retail brokerages goes live, with Tal Zohar on the board. This is how it works
FinanceFeeds speaks to ArtuData’s Commercial Director Ben Stern, who explains how your brokerage can reduce its costs by using a fully intuitive marketing system that has been designed with electronic trading companies in mind. Here is the full detail at its launch
“BTC, ETH and a few other digital assets will stick around; ICO’s will work as crowdfunding tangible projects, but not as fake currencies for fantasy business ideas” – Stephen Leahy
Plus500 falls foul of litigation in further evidence that cryptocurrency is nothing more than a folly
“Let’s say I make a bet today on bitcoin going up. Plus500 would say ‘by the time we managed to execute the transaction, bitcoin went down again” says lawyer in his attempt to instigate proceedings against the company on behalf of retail clients