Regulation has been a massive topic recently, in major jurisdictions, affecting the FX & CFD industry. But what about Switzerland? We look at why it is unique with senior compliance and risk executive Laurent Bellieres
The controversial and burgeoning prime brokerage sector. Who is genuine? – In-depth analysis live from Cyprus!
Since the removal of access to counterparty credit by many banks, several non-bank entities have entered the liquidity provision space. We dissect how to differentiate a REAL prime of prime from a retail firm that offers a B2B price feed from its own desk
As the entire FX industry lands on Cyprus for two days, we ask: Has it ‘grown up’ and reached maturity?
From execution method to understanding order flow and risk management, and from regulatory technology to relationships with prime brokerages. As Cyprus continues to attract new firms whilst its end to end ecosystem becomes ever more comprehensive, our candid discussion lifts the lid on future challenges and past scenarios
How offshore jurisdictions are used to onboard retail FX clients to circumvent regulations – An incisive debate
From onboarding clients via decoy offshore branches to lack of regulatory jurisdiction. Here are the conflicting practices that involve affiliates accepting deposit payments to personal accounts to bamboozle the merchant services providers and why such practices slip through the net
Global regulators may end up having a Pyrrhic victory upon the industry that we all know and love, according to Paul Orford.
A very comprehensive look at why social trading has been consigned to the history books and what has caused it.
Most traders have a mindset of “if you lose, move on to the next trade and forget”, says Leverate’s Adinah Brown
Meir Velenski looks at the numbers game played by many b-book brokerages when working with all-important IBs, and how to resolve the conflict of interest between introducer and brokerage
It is the opinion of many Swiss banking executives that I have spoken to this week that compliance, and not just balance sheet size, is a major, and unwritten consideration for Tier 1 banks when extending counterparty credit to the OTC sector. Here is my opinion
With France a key cog in the EU and early favorite Marie Le Pen threatening to remove France from the EU if elected, the stage was set for the very real possibility that the European Union would be no longer, says Leverate’s Adinah Brown
With greater scrutiny in Europe, along with the US domination of dark liquidity, Jay Patani says “Barclays allegedly informed its clients that it monitored HFT activity, while in fact it did not run the weekly surveillance reports as advertised in the bank’s marketing material. The British bank also misrepresented the quality and type of market data feeds it used to calculate prices.”
It’s not a laughing matter! IG Group predicts 40 seat Tory majority, but some candidates just cannot help themselves
IG Group still calling a Conservative seat spread of 353-359, which gives a 40 seat majority despite massive surge in anti-capitalist Corbyn’s popularity. GBP wobbling a bit this afternoon. Things like this going viral don’t help, though… Watch and cringe
What if Labour get in? They have promised and threatened the whole of the business sector with draconian measures including the Tobin tax, says Meir Velenski
Warren Buffett. CEO of Berkshire Hathaway. The world’s greatest investor. The Oracle of Omaha….. and you. You, want to be the next Warren Buffett.
Swiss-style FX ringfencing: Is this the antidote to continual regulatory encroachment on our industry?
The regulatory authorities across Europe are encroaching on the good in the industry and ignoring the bad. The ham-fisted means by which overhauls are implemented are a constant talking point. Is the Swiss way the right way to future-proof your brokerage? We investigate
B-book P&L is rife among many brokers but is very shortsighted. Why don’t retail FX firms execute like Tier 1 banks?
The sooner the peripheral element of the retail FX industry embodies this ethos and begins to populate its offices with professionals with institutional and interbank experience on the technological, execution and relationship side, as well as customer facing staff who understand the means by which the market infrastructure of London and New York operates, the better for everyone, including themselves.
Having positions closed on a margin, positions not opened or closed due to slippage, rollover costs, technical issues on the trader’s side and deposits not being released which causes a margin call are all critical concerns of many traders that brokers should take into account, says Leverate’s Adinah Brown
Jeremy Corbyn’s hard-line socialism and Bolivarian aspirations would destroy the electronic trading business – Op Ed
The thought of Tier 1 FX desks being run by teams of ‘entitled’, unaccountable gray cardigan-wearing Caravan Club members with civil service pension plans should be enough to send the entire industry striking up prime brokerage relationships in Hong Kong, New York and Singapore.
As Marine Le Pen is defeated by Emmanuel Macron in the French elections, this week’s analysis of the immediate market reaction is that a ‘buy on dips strategy’ for EUR/USD may ensue