FinanceFeeds hosts IB Seminar in Kuala Lumpur Malaysia with eToro – Full report

Yesterday at the Signature Hotel in Kuala Lumpur, FinanceFeeds hosted an exclusive IB seminar in conjunction with eToro, in which critical matters were discussed including how to operate a successful IB business with a global partner which is highly established in the SE Asia region, market opportunities in multi-asset trading and the sustainability of social trading with regard to strategic partnerships

South East Asia is a burgeoning region for the retail FX industry’s astute and advanced companies.

Indeed, the region is not only vast and is home to a large number of young, investment-orientated, analytical retail investors, but is aligned with China in so many ways in terms of its relationships, demographics and business structure.

Malaysia has a population of 28.96 million with about 63.8 % of the population being urban and 36.2 % rural.

The median age for Malaysian is 24.2 years old which is particularly young and the Malaysian society is multi-ethnic comprising of Malays (67 %), Chinese (24 %), Indians (7 %) and several other indigenous populations, creating a very clear gateway to important client bases via dedicated IBs in a free market economy, unhindered by any central government firewalls or capital controls.

While Malaysia already scores well in protecting minority investors, it is committed to further improve in all areas of its business environment, and is very open to entrepreneurism, hence retail FX trading is becoming a very well organized B2B environment, reliant on high quality IBs to bring sustainable volumes of business to global FX firms.

Yesterday, at the Signature Hotel in Kuala Lumpur, the nation’s capital city and one of the FX industry’s current focal points, FinanceFeeds hosted an exclusive symposium in conjunction with eToro, in which the highest level IBs in Malaysia participated, presented by FinanceFeeds China CEO Echo Geng.

Very important current matters were discussed, including very hot topics such as debating whether social trading with cryptocurrency has a good future for investors,  presented by eToro’s Chris Chen, along with a detailed market outlook for multi-asset trading with Derick Tan at the helm.

Business culture is very much dependent on face to face relationships in South East Asia, and localization in order to meet the needs of large scale strategic partners is vital, hence the symposium provided a one to one networking session following the day’s key discussions, shortly after a keynote speech by Jasper Lee, CEO APAC at eToro on how IBs can forge successful synergic relationships with a global firm with a strong Chinese presence and operations and an international client base and reputation.

Here is a full montage of the day’s event.

Read this next

Retail FX

Spotware rolls out Manager’s API for cTrader brokers

Spotware Systems, a technology provider for the electronic trading industry, has released its new Manager’s API for Brokers, providing powerful tools for server-server integration.

Metaverse Gaming NFT

Dubai Museum taps Binance to jump onto NFT bandwagon

Dubai’s Museum of the Future, the $136 million UAE government-sponsored museum that opened a few weeks ago, is joining forces with Binance NFT to roll out a range of digital products on blockchain.

Digital Assets

Ripple and Lithuanian FINCI partner for XRP-based payments

Ripple is looking to expand its presence in Europe, forming a new partnership with Lithuanian electronic money institution FINCI.

Digital Assets enables Shopify merchants to accept crypto payments has integrated with Canadian e-commerce giant Shopify so global merchants can accept crypto payments and save on processing fees through cash-final settlements.

Institutional FX

FX volume drops 13pct at CLS Group in April 2022

FX settlement specialist CLS Group today reported that the executed volumes of currency trading on its platforms were notably down in April.

Crypto Insider, Opinion

Regulation: The Gold-Standard for Crypto-Assets

When the US supervisory authority SEC allowed an investment product referencing Bitcoin futures to be traded for the first time last October, this was widely perceived as a signal that cryptocurrencies had finally become established as an asset class.

Executive Moves

Solid hires FX industry veteran Darren Barker for multi-bank ECN’s business development

His curriculum vitae includes former roles at Cantor Fitzgerald, Sucden Financial, R.J. O’Brien, Jefferies, Natixis, Unicredit, J.P. Morgan, Raiffeisen, RBS International, UBS, Deutsche Bank, and Citi. 

Inside View

Mihails Safro, xpate CEO: Tips sellers need to know to overcome compliance obstacles

The unprecedented growth of e-commerce changed shopping dramatically last year. Many sellers suddenly faced a rapidly growing number of customers who had to stay home during the lockdown. When some clients adopted Netflix and Spotify as part of a daily routine, others ventured into online business. Robinhood alone saw a whopping 6 million rise in user numbers in 2 months. 

Institutional FX

BMLL delivers Level 3 data to Kepler Cheuvreux for order book analytics and algo performance

The solution covers more than 6.5 years of harmonised historical data from 65 venues and combines it with easy to use APIs and analytics libraries in a secure cloud environment.