Our week in China Archives - FinanceFeeds

Our week in China

As 2017 draws to a close, we look at the important details that shaped the industry this year, continuing with April to June as the first part in a four part series this week. FinanceFeeds remains committed to detailed reporting from within the industry’s major centers and continuing to work closely with the most important companies that shape the entire future of this business internationally.

The Shanghai Money Fair, with its gigantic 500,000 deluge of attendees from across China and the international FX and electronic trading industry, is rapidly increasing its B2B focus, largely because in China, relationships with the right liquidity partners, technology vendors and integrators of solutions that bring West to East is vital. The West needs China and vice versa. Here is our report as day one of the Money Fair draws to a close

CMC Markets CEO Peter Cruddas explained to FinanceFeeds in Shanghai “We came here not to adventure and speculate, but based on our long-term research and understanding of the Chinese market, and our full understanding that this is a good time to further our business in China. If we had come with a speculative mentality, we would not be evolving in the right direction for the whole Chinese team.” Here is the full report and our interaction with the management team

“Most IBs we are looking for are IBs that have been working with exchanges. They have a very good client base, and the clients are wealthy with strong portfolios across many asset classes, but because the small regional exchanges were operating a B-book and were not bona fide exchanges, the government has brought this to public attention and is shutting them down, and the investors need something more reliable and less subject to malpractice, so are turning more and more to spot FX” – Elvis Tsang, BeneForex

Q: When is a retail FX brokerage a multilateral trading facility or clearing house? A: Never.