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.
Our week in China
An exclusive audience of top level Chinese IBs were hosted by FinanceFeeds today in Guangzhou. Here is the full report
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
Shanghai office opened today, marking a milestone in FX industry research and reporting, with official .cn top level domain to bring YOU the crucial information from within China, and help YOU establish YOUR business in mainland China via the correct and official channels
An exclusive audience of top level Chinese IBs were hosted by FinanceFeeds today in Shanghai. Here is the full report
A milestone in connecting the FX industry across the entire world with a vital Chinese B2B audience has now been completed as FinanceFeeds has successfully registered a government-issued Chinese domain. FinanceFeeds.cn will go live in just a matter of days, bringing China to you, and taking your business across China
A detailed examination of why London’s intebank FX Tier 1 bank dealers are waning, and where the liquidity is now centered. To those who think China cannot distribute its interbank liquidity outside, a second look is recommended !
“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
In Guangzhou, the world’s large FX and OTC derivatives firms gathered to discuss in detail the important aspects of today’s highly refined business environment here in China. Here are the full highlights of day 1 of the Fortune Forum FX industry conference
Here is how to check whether a Chinese liquidity provider is actually sourcing proper liquidity from genuine sources, and how to check if the terminology is being misused.
Here in Guangzhou, China, we discuss how to ensure best execution to Chinese customers, and how to reduce the latency – You cannot beat the firewall, but you can build sophisticated trading systems for increasingly demanding Chinese IBs and retail customers. Here is a comprehensive insight
On May 12 and 13, FinanceFeeds will report live from Guangzhou, China, on all important aspects of what is important when dealing with the 100,000 lot per month, $300 million asset under management IBs in the second tier development towns, and will work closely on how Western firms can work with the most profitable businesses in the retail FX industry
Here in Shanghai, Tim Brankin explains a world first in which the MetaTrader 4 platform is now connected to CME to enable retail customers to trade listed derivatives on CME and OTC FX on the same system via the same brokerage
China will have a self sufficient end to end FX industry ecosystem from Tier 1 bank level down to the retail trader very soon indeed, and it will be a massive, finely honed domestic market powerhouse
Q: When is a retail FX brokerage a multilateral trading facility or clearing house? A: Never.
Chinese clients are very astute when it comes to understanding of execution model. Some companies are prepared to forego the massive volume opportunities that come from non-Chinese companies that invest in complete Chinese infrastructure in order to provide clients with a Western trading environment
For today’s Chinese brokerage, quality IB relationships and connectivity via a bona fide prime of prime are vital. Here in Shanghai, we look at how China’s FX industry is completely B2B. Fake exchanges and warehouse brokerages cannot measure up to China’s sophistication, and Western firms wishing to join in must not do so remotely
Just over a year ago, eToro gained Chinese investment. Now, we speak to the firm’s Chinese CEO on how eToro has leveraged its relationship with PingAn to absolutely localize and take China by storm