Yesterday we saw further volatile trading in GameStop shares. Whether this is the start of another rally or just day traders ‘shaking the tree’, time will tell. But what is clear is that this new trading type won’t just go away.
Dedicated regtech companies and a stringent effort by FX brokerages to maintain compliance procedure over recent years has once again shown our industry to be right at the top. Especially when considering the blotted copybook of the banks.
Now that Finantsinspektsioon has decided to fine Admiral Markets AS, the trading industry can only expect a cascade of fines against other brokers who made similar decisions to preserve stable trading conditions amid unprecedented events like the negative oil prices and the r/WallStreetBets mania.
Last year gave rise to digital banking applications and web-based transaction capabilities—all cementing the idea your financial needs are now an online experience.
FX industry expert with 30 years expertise notes that in times of high volatility, some retail brokerages allow losing positions but not profitable ones
Do you want to be subservient to a fully closed system which dictates who processes trades, or do you want to have full access to derivatives exchanges and global markets when entering the multi-asset space and therefore be master of your own destiny in a world of massively high output, experienced traders?
The situation that affected Robinhood should serve as a reminder to broker dealers that b booking is not a sustainable business model
Facebook may well once again have shot itself in the foot. The difference is, FX brokers cannot afford to shoot themselves in the foot. It is our duty to iron out conflicts of interest and ensure that traders and brokers have access to genuine products via global markets
Meir Velenski notes that as the Trump era gives way to the Biden presidency, weaknesses in FX and spread betting platforms are being exposed as orders are closed out due to inability to cope with volatility, leaving some retail traders out in the cold.
Should we take heed of the alarmist nature of ESMA’s view that the ‘disturbance’ of the FX market is a major reason for the FX Global Code to be brought in to crack down on spot FX? It is time to fight back against this draconian nonsense and to stand your ground.
“The marketplace is cram packed with FX firms vying for business and the only difference is how their personnel approach and handle the clients” says Meir Velenski
The corporate foreign exchange impact from the UK’s divorce from the EU can be mitigated.
The stock market can be a great venue for day traders to earn a living but it requires a commitment to continuously learn.
We take a very good look at why brokerages need to move away from the affiliate and revenue share model, and embrace proper multi-asset product ranges via platforms that operate via transparent and sustainable methods. This now exists, and will transform your results and client opportunities
It is down to IG Group to ensure that the regulatory tyranny that has taken place in Britain, Australia and Europe doesn’t tarnish the quality and opportunity of the CFD industry in South Africa
It is far more cost effective to get a ready made introduction on board, at around $136 per client than paying on average $1700 for a digital generate lead that may not cover the business set up costs, says senior FX industry executive Meir Velenski
Is America becoming China? It is quite common to be asked by a broker as to how much the Chinese IB would like to deposit to test the system. The answer, in many cases is “About $250.” This means $250 million! Here is my opinionated and open view on the western FX industry and its environment these days.
Try turning a bar of gold bullion on or off…..
In 2020 the Pound plummeted against the US Dollar to levels not seen since the 1980s. It fell to as low as $1.15 at one point in March, before again steadily clawing its way back up again to around $1.34