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Industry News, Retail FX

Offshore chaos: Massive percentage of Vanuatu’s population runs away permanently. Want stability? Do NOT register there

Vanuatu, like most offshore regions where some unregulated FX firms choose to register their business, is now witnessing the permanent emigration of the vast majority of its population, representing the entire populace of Ambae. We look at the grave consequences of registering and operating from what is probably the world’s most unstable jurisdiction – you effectively face losing your entire brokerage and its funds.

Industry News, Institutional FX

Why are Tier 1 banks so afraid of direct FX counterparties? Bank of England gives first ever settlement account to non-bank firm

Today marks an absolute milestone in the method by which non-bank derivatives and settlement providers interact with the issuers of currency. Never mind the Tier 1 bank dealing desks, the central issuer of the world’s most valuable currency has just struck a direct deal with an FX provider. Ready for the future? This is what it could and should look like

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