Brokers News 

Prime of prime firms tempted to look toward high net worth direct business are upping their minimum deposit amount as fear sets in

“Retail brokerages have never had so much choice with regard to order processing, liquidity management and trade execution methodology” reports financefeeds.com. This week has been a very eventful one in terms of outing what FinanceFeeds has long considered to be the disguised face of institutional non-bank liquidity.The difficulty is that with commercial and professional traders wanting an ever more direct access to bank liquidity, a significant demand for prime of prime relationships with traders rather than brokers has emerged.Hardly surprising, of course, as London is the global centre for Tier…

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Brokers News Stocks 

If professor David Hirshleifer is right, brokerage sales teams should call their clients on sunny days

“This, therefore, is a cheap and easy mood theory that perhaps should be considered by retail brokerages worldwide” reports financefeeds.com. A little considered motivator toward trading that is not part of the sales mantra within many retail brokerages is the effect that sunny weather has on trading, and its long standing position as a subject of research by financial markets academics.Back in 2003, two university professors published a report called “Good Day Sunshine: Stock Returns and the Weather”, which investigated the psychology behind such behavior and the patterns in trading…

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Brokers News 

Hong Kong brokerages rush to comply with new SFC rules on cyber risks

“A growing number of Hong Kong online trading companies are seeking to comply with the new rules outlined by the Securities and Futures Commission (SFC) on cyber risks” reports financefeeds.com. The rules also require from online trading companies to outline contingency plans for cyber incidents. Source: financefeeds.com Share This:

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Brokers Markets News 

The lead recycling race to the bottom. Retail FX and its love/hate relationship with marketing inefficiency

“It is not simply a case of acquiring leads from popular retail websites with large traffic, for the reasons already stated here” reports financefeeds.com. FinanceFeeds spoke today to Charlotte Day, Director of ContentWorks, a marketing specialist and long standing senior FX industry branding and strategy specialist to gain perspective on exactly this. Source: financefeeds.com Share This:

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Brokers Markets News 

Why can’t retail brokerages up their standard? The passing of good quality firms and their talent is lamentable

“Every week, marketing divisions of retail brokerages put out banners offering huge leverage on cryptocurrency, (now illegal in many regions), or offering huge bonuses” reports financefeeds.com. Sgt Biton said this week “Because binary options is such a lucrative scam, established organized crime groups gravitated toward it.Although it no longer exists and some of its peers do, they have a hard time in attempting to change the mindset of the churn and burn attitude displayed by so many small retail brokerages.It is less costly and far more sustainable in terms of…

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Brokers Crypto News 

Beware! Aggressive Israeli affiliate marketing scammers now switching from binary options leads to ICO and crypto leads

“Since the rise of the insidious binary options businesses which have swept like a tsunami across various countries, running roughshod over the law and reveling in doing so, a vast underworld which is based on, and was started by, the binary options business exists” reports financefeeds.com. FinanceFeeds has been researching this closely, and has been targeted by some of these networks, all of whom have been working in the binary options business.In short, they generate revenue by bringing leads to crypto and ICO scammers, hence a massive conflict of interest. Source:…

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Brokers Crypto News 

SBI Ripple Asia to lead Japanese Brokerage Blockchain Adoption

“SBI Ripple Asia will be leading a group to drive further adoption of blockchain technologies in Japan” writes Southeast Asia Based for newsbtc.com. SBI Ripple Asia has previously organized blockchain consortiums in the banking and credit card businesses and has close ties with a number of banks in Japan.According to the Nikkei Asia Review a consortium of Japanese brokerages are joining up to drive blockchain and innovative technologies within the industry.The conglomerate consists of 18 founding members including online firms SBI Securities and Rakuten Securities in addition to traditional brokerages…

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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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