China is WHERE ITS AT! FX industry executives gather for the FXIC Conference in Shanghai; FinanceFeeds will bring full, live coverage through the day

China is not only an economic and industrial superpower whose sophistication and business prowess surpasses every other nation on earth. It is also the golden target of all retail FX companies worldwide.

Today, here in Shanghai’s prestigious Waldorf Astoria Hotel on the Bund, Shift Forex is hosting the Chinese contingent of its worldwide FXIC conference series.

Unlike many regions which are synonymous with the FX industry, hosting the FXIC in Shanghai brings a different emphasis to its delegates in that global FX companies, whether retail brokerages or technology vendors, can link up directly with potential partners to forge relationships of high value.

A common difficulty in many parts of the world is that vendors and brokerages have to bring revenue from an event that they have sponsored, and it is difficult to do so if the entire event is populated by vendors and brokers only.

As a direct byproduct of the unique way in which China’s business environment operates and the gigantic size of its IB network, representative offices and electronic venues wishing to partner with brokers and technology firms, the alignment is great indeed.

Relationships are everything in China, therefore building them directly with partners is paramount and indeed, the detailed understanding of the FX industry which astute Chinese partners possess is of great interest to all.

Today’s panel discussions concentrate on expanding and diversfying an FX business, new products, where the rapidly evolving Chinese FX industry is heading, and fireside chats with senior leaders about the matters that are important to those in the APAC region.

Think the big institutional firms are not into China?… They most certainly are!

Electronic exchanges such as NASDAQ OMX and ICE have a great interest in China, especially as the industry here is developing and banks and exchanges in the mainland are able to take technology solutions from large North American and British exchanges in order to generate global order flow from China, therefore executives from many of the large institutional firms are instrumental to this conference.

Speed networking will allow Chinese firms to get up close with the Chinese elite, and FinanceFeeds CEO Andrew Saks-McLeod will speak with regard to China not being a monolith, and give detailed information based on his extensive research from within China about the vast IB networks that exist in new ‘development’ cities such as Shenzhen, Guangzhou and Zhengzhou.

The evening’s cocktail party will afford further relationship building. Stay with us for full LIVE coverage of the FXIC during the day, including interviews with industry leaders, full panel coverage and over the course of the next few days, televised interviews.