Brokers Crypto Markets News 

How Coinbase could disrupt traditional brokerages and dominate the investment market

“This is when Coinbase will begin to eat away at the business of traditional brokerages” writes Jeremy Epstein for venturebeat.com. However, the company is quietly and rapidly executing a classic Trojan Horse strategy, which, if successful, could end up putting traditional brokerages out of business.The last few months and weeks in the crypto world have been intense to say the least.In this blockchain world of the future, every asset is represented by a digital token on a blockchain. Source: venturebeat.com Share This:

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Brokers News 

Op Ed: Where to license your FX brokerage in 2018 – Stick with the established and avoid the bogus

“It is a myth that it is cheaper and easier to set up a brokerage in an offshore region or Cyprus” writes Haris Constantinou for financefeeds.com. The CySec license is just for marketing, not really for your business activity.” That sentence in itself is enough to ring the alarm bell.FinanceFeeds spoke to a prime brokerage division of a large bank in London this week. Source: financefeeds.com Share This:

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Brokers Crypto News 

FBI implicates several FX brokerages in BTC-e investigation. Here is why cryptocurrency is a sure fire way to destroy your brokerage

“This week, the Federal Bureau of Investigation (FBI) in the United States has implicated two FX brokerages in its investigation of defunct Bitcoin venue BTC-e” reports financefeeds.com. We are aware of several other brokers, largely in Russia and Cyprus, that have experienced significant losses recently from Bitcoin trading.Last week, FinanceFeeds reported that one particular well known retail FX brokerage had suffered a loss of approximately $40 million as a result of Bitcoin trading, and now cannot pay its affiliates. Source: financefeeds.com Share This:

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Brokers Crypto News 

Some brokers lost a fortune on crypto currency trading yet have remained silent. Our advice: Stay away

“The same can be said of blockchain technology development” reports financefeeds.com. Since the semi-pathological obsession with crypto currency engulfed the lower echelons of the digital marketing and affiliate lead selling entities that litter the back streets of Ramat Gan and Limassol, FinanceFeeds has held a solid opinion that the vast majority of crypto currency-related schemes are exactly that – schemes.With a centralized exchange, clearing is possible as the exchange members all have to pay clearing fees.Yesterday, some of the most widely renowned brokerages in the world had to respond to…

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Brokers News 

Global Brokerage’s bankruptcy case triggers stay of legal actions brought by investors, ex-clients

“At this hearing, the Bankruptcy Court will consider, among other things, the adequacy of the Disclosure Statement and confirmation of the Prepackaged Plan for Chapter 11 bankruptcy” reports financefeeds.com. A number of legal actions against Global Brokerage Inc (NASDAQ:GLBR), formerly known as FXCM Inc, are stayed as a result of the filing of a bankruptcy petition by the broker on December 11, 2017.On Thursday, Counsel for Global Brokerage filed documents about the bankruptcy with the New York Southern District Court, thus informing all parties in the cases of the start of…

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Brokers News 

Bankruptcy Judge grants Global Brokerage’s Motion to pay Trade Claims

“In the ordinary course of business, Global Brokerage incurred various fixed, liquidated, and undisputed payment obligations (Trade Claims) to various third-party providers of services (Trade Creditors)” reports financefeeds.com. For the 12 months prior to filing the bankruptcy petition, Global Brokerage’s average aggregate monthly payment to Trade Creditors was about $250,000.At this hearing, the Bankruptcy Court will consider, among other things, the adequacy of the Disclosure Statement and confirmation of the Prepackaged Plan for Chapter 11 bankruptcy. Source: financefeeds.com Share This:

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Brokers News Stocks 

Apple touches record as brokerages bullish on iPhone X demand

“Several analysts downplayed concerns about Apple Inc’s (AAPL) iPhone X production issues and were bullish on demand and sales, pushing the company’s shares to a record on Monday” reports foxbusiness.com. “With the official launch of iPhone X in Apple retail stores slated for this Friday, Nov. 3, we anticipate very high demand globally with limited supply of iPhone X on hand,” Ives said.In a note, Ives of research house GBH Insights, raised his pre-order demand expectations for the iPhone X to 50 million units from 40 million, calling the first…

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Brokers News Platforms 

The death of social trading: Conflict of interest results in exit rally; due diligence finds 80% of lead traders to be fake

“Since then, pretty much every single social trading platform has shuffled off the cyber coil” reports financefeeds.com. To no surprise whatsoever, social trading is largely a thing of the past.This is because said companies made their investment into developing solutions that would engage and retail retail traders which are largely based in their own domestic markets.Indeed, many stand-alone, third party social trading platforms are now history, but some companies that offer their own have been deleting the product from their range of services.Examples of the haplessness that began the fate…

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Brokers News 

Sources: Chinese government blocks major MetaTrader 4 port

“This is a port which is used to connect MetaTrader 4 to trading servers, hence several brokers are now unable to connect from within mainland China” reports financefeeds.com. Conversely, brokerages using connectivity partners or white label providers with no Chinese presence at all risk being completely disconnected from their trading server. Source: financefeeds.com Share This:

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Brokers GBP News 

British Labour Party would force a return to the dark ages by taxing the automation of brokerages

“Mr McDonnell has served as Chair of the Socialist Campaign Group in Parliament and the Labour Representation Committee, and was the chair of the Public Services Not Private Profit Group” reports financefeeds.com. Mr McDonnell has also said publicly that if he was able to, he would have assassinated Margaret Thatcher in the 1980s, a comment that when challenged, he retracted and said it was “a joke”.This is inaccurate, and his recommendation to penalize companies that utilize “incredibly advanced technology” with added taxes is utterly counter-intuitive. Source: financefeeds.com Share This:

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