“Spreads tight as they are will become tighter. In the real world it’s the false spread on the B- Book operators actually causes the client to lose. If the client is marked up the the chance of the Client losing is even greater” says Meir Velenski as he disseminates the IB model and how MiFID II could see an end to it.
Following the assertion last week by the FCA that news and analytics will have to be paid for, Meir Velenski looks at how this is absolutely open to abuse, is not in the clients best interests, and is detrimental to good quality firms doing things properly, whilst helping the less scrupulous to rip their clients off
Meir Velenski looks at the numbers game played by many b-book brokerages when working with all-important IBs, and how to resolve the conflict of interest between introducer and brokerage
The political scenario also has a very serious impact, says Meir Velenski. Today post U.K. Elections you can see GBP/USD drop by 150 points.
What if Labour get in? They have promised and threatened the whole of the business sector with draconian measures including the Tobin tax, says Meir Velenski
The effect of Brexit has been the main concern across the U.K. And foreign markets. If this number and others continue to show a slowing pace Or negative numbers then the pound and the FTSE will be hammered says Meir Velenski
FX industry expert Meir Velenski analyses the initial reaction to cable (£ versus $) was a sell off in sterling in the immediate period after Theresa May’s announcement of a snap election and what may ensue within Britain’s capital markets once the British electorate has made its choice
Now that the FCA has made it clear about cutting margins in FX and CFD business for retail customers, this will reduce the volumes of business and eventually retail activity will effect institutional activity, says Meir Velenski
This style of churn and burn has irked the FCA and once the FCA has highlighted a change, then it will only move in stricter lines, says Meir Velenski