A representative of “Adam Hall” goes to great lengths to lure client deposits.
Cyprus’ institutional evolution: Regtech, fintech and global trade reporting becoming Cypriot FX mainstay
“With all these upcoming regulations, all these continuously updating regulatory frameworks, my personal opinion is that the only way that counterparties and financial institutions can cope with this is by automation and by technology”, says Point Nine’s Andrea Peratitis.
Spain’s CNMV says it will consider investor protection initiatives with regards to CFDs.
Tier 1 prime brokerage desks at London’s dealers that are responsible for 49% of all global FX order flow are regulated by the PRA.
FinanceFeeds’ editor Maria Nikolova tried to pass the test and spectacularly failed.
Cyprus is a global center of institutional regulatory and market infrastructure evolution: In-depth report from Limassol
Cyprus has become a pinnacle of high quality electronic markets prowess and is now attracting dialog from regulatory technology firms with large listed derivatives giants of Chicago, Tier 1 banks of Germany, global execution solutions stalwarts and government leaders alike. FinanceFeeds exclusively details Cyprus’ elevation on the world stage
The regulator says it will monitor how these products are sold and will consider future action.
Tenor of binary options should be at least 5 minutes, with investors to be able to exit before expiry.
Brokers beware: Chinese agents selling fake ASIC licenses to FX firms and promising custody of client funds
Bogus representatives in China are extorting one off fees from brokerages who believe that they would be purchasing an Australian ASIC FX brokerage license. Beware and avoid at all costs
Only 32% of the respondents were aware that their investments are covered by the FSCS.
The volume of requests concerning sponsorship jumped 300% last year, data from ARPP’s latest newsletter shows.
Jonathan Baumgart, CEO, MoneyMatters.pl & Atomiq Consulting, expects continued growth in competition in the retail FX sector.
“In the end the regulators want a situation whereby there are a few large providers who are regulatory compliant with whom they have a good working relationship and all the small businesses, closed down …and that is what they will get!” – Simon Bird, Managing Partner, Onbjectivus Financial Consulting
It will no doubt come as very good news indeed that the binary options business is beginning to be suffocated by the global regulator and government level discourse against it, as well as the public awakening, in that the shadow cast over our industry by it is likely to disappear, however the damage done will take time to repair
Why is IronFX still licensed when it owes a fortune in unpaid tax to the very country that licenses it and fails to pay withdrawals? Why does the FCA license undercapitalized firms? The real quality in this industry is the result of the excellence, hard work and dedication of the professionals that lead the electronic trading industry, not the impotence of some of the regulators. It is time for customers to look at firms on a meritocratic basis and not just who is regulating them
Recent M&A deals have been hundreds of millions as massive venues mop up institutional FX firms – not retail client bases for a few million. We examine in great detail what will cause consolidation this year and why it will be much higher up the ecosystem and for very high values, including perspectives from senior industry figures.
ASIC to encourage financial technology development – Firms can test their systems and onboard up to 100 retail clients with no license
“”Fintech and start-up businesses now have more pathways than ever to begin testing the viability of innovative financial services and credit services consumers, before incurring many of the regulatory costs normally associated with running their business,” – John Price, Commissioner, ASIC
Why FX brokers are leaving traditional regulated regions and going offshore: We speak to FXPIG CEO Kevin Murcko
“Most people agree that the FCA, CySEC, and ASIC are either no longer accepting applicants from non-multinational size participants or are in the process of pushing retail FX onto low leverage exchanges” – Kevin Murcko, CEO, FXPIG