Podcast: BIG changes for retail traders. MiFID II, Chinese government crackdown and the right and proper way to run an FX business

Around the world in 30 minutes with FinanceFeeds CEO Andrew Saks-McLeod. Don’t want your client base being viewed publicly? Don’t want to get blocked from certain regions? We also look at why small firms that do not structure their operations properly have no future. Here is a very opinionated explanation on what faces retail FX globally, and how to get it right.

FinanceFeeds CEO Andrew Saks-McLeod unleashes what you need to know about the upcoming MiFID 2 (Markets in Financial Instruments Directive) rules for the New Year with Tom Constable at TwoBlokesTrading.com

On January 3rd the rules are changing across continental Europe and the UK.  This new legislative framework will strengthen investor protection and improve the functioning of financial markets making them more efficient, resilient and transparent.

MiFID 2 sets out:

  • Conduct of business and organisational requirements for investment firms.
  • Authorisation requirements for regulated markets.
  • Regulatory reporting to avoid market abuse.
  • Trade transparency obligation on all OTC derivatives and exchange listed assets.
  • Rules on the admission of financial instruments to trading.

Andrew breaks down all of this and fills our brains with why these changes are a GOOD thing for retail traders, how it will impact the average person, and what you need to do to stay safe and take advantage of these increased protections as a broker or service provider as well as from the retail traders’ point of view.

We lambast the ICO schemes and dissect why governments around the world are now wise to anything disingenuous, and look at the progress made this year by some of the best firms int the business.

The podcast can be heard here:




Read this next

Digital Assets

Meet Grand Time: The Community-Driven Web3 Platform Where You Can Tokenize Your Time

Community-driven Web3 platform Grand Time is on a mission to help people enter the crypto market by providing the necessary resources through its multifaceted platform and native token.   As a fully decentralized and community-oriented platform, Grand Time is empowering people worldwide to become financially independent through its two-sided GIG marketplace. Unlike most Web 2.0 […]

Digital Assets

FTX US adds stock trading, fractional shares to crypto platform

FTX US, the American subsidiary of crypto exchange FTX has kicked off stock trading feature to its customers in an effort to compete with popular platforms such as Robinhood and eToro.

Industry News

UK FCA empowered to remove brokers’ permissions in 28 days

Businesses with permissions they don’t need or use, risk misleading consumers. These new powers will enable us to take quicker action to cancel permissions that are not used or needed.

Industry News

CFTC charges $44m Ponzi scheme but millions may have fled to foreign crypto exchange

The CFTC alleged that defendants transferred millions of dollars to an off-shore entity that, in turn, may have transferred funds to a foreign cryptocurrency exchange. None of these funds were returned to the pool.


Saxo Bank deploys Adenza to address Basel and EBA requirements

The integration of ControllerView will enhance Basel-driven capital calculations and reporting at Saxo Bank in support of the bank’s multijurisdictional capital and liquidity reporting requirements throughout Denmark, Switzerland and UK, with plans to expand into the Netherlands.

Executive Moves

ComplySci appoints CTO, CPO, and CLO to further regtech’s product expansion

ComplySci offers compliance software used by more than 1400 global institutions to identify risk and address regulatory compliance challenges.

Digital Assets

Thailand closer to launch digital asset exchange “to serve the needs of younger generations”

TDX is a subsidiary of the Stock Exchange of Thailand (SET) and its incorporation is part of the group’s strategic position to connect capital markets, open opportunities for the business sector in raising funds and cater to investment demand of new generations.

Digital Assets

Russia to legalize cryptocurrency payments as sanctions bite

Russia could soon be the latest country to lay down ground rules for legalizing cryptocurrencies as a means of payment, a sign that governments around the world are realizing that digital assets are here to stay.

Institutional FX

XTX Markets UK reports lackluster results for 2021

The UK business of XTX Markets, a non-bank FX liquidity provider and market maker, has reported its financials for the fiscal year ending December 31, 2021. The report showed impressive metrics after seeing revenues and customer activity increase even as the pandemic trading boom fizzled out.