Brokers News 

Russian c-bank outlines new requirements for capital of Forex brokers

“The proposal is set to affect Forex brokers too, as the large majority of Forex companies that target Russian clientele do so online, without having the necessary Forex dealer license issued by the Bank of Russia” reports financefeeds.com. In the meantime, the Russian regulators are slowly moving towards tackling the activities of financial services companies, including Forex brokers, that target Russian clients without having the necessary regulatory permission.A new document that the Central Bank of Russia has filed with the Ministry of Justice proposes new formulas for the calculation of minimum…

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Brokers News Platforms Stocks 

How to use 5 of the best online stock trading platforms

“This is all to say there is no one best online stock broker, but each one has different strengths and weaknesses” reports businessinsider.com. Online stock trading sites makes it easier than ever to learn and invest in the comfort of your own home.Charges for data, research, and tools: All the best online stock trading sites have quality market data like real-time quotes, educational resources, and stock-screening tools built right into their platforms.It’s a tumultuous time for online stock brokers.The research team at Reviews.com decided to research the options on the…

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Brokers GBP News 

Ex-London brokers cash in on Brexit with shop selling Marmite and bean

“Two former London brokers in Luxembourg have hit on an old-fashioned way to hedge against Brexit” writes Stephanie Bodoni for independent.co.uk. In the race to attract London business after Brexit, Luxembourg has already become the nation of choice for several insurers, funds and banks. Source: independent.co.uk Share This:

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Brokers Crypto Futures News 

Big Banks Block Client Access to Sunday’s Bitcoin Futures

“The FIA, which represents big futures brokers, said they are concerned about the risk of bitcoin futures” writes unknown author for cryptocoinsnews.com. Brokers, in evaluating bitcoin futures, must consider their relationships with clients and decide if they should charge higher fees to “backstop” bitcoin futures trades.Banks’ hesitation could compromise the hotly anticipated bitcoin futures launch, which cryptocurrency advocates see as a key step in cryptocurrency’s evolution.Typhon Capital Management, a hedge fund firm, will trade Cboe’s bitcoin futures in one of its funds.A Goldman Sachs spokesperson said that given that bitcoin…

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Brokers Crypto Futures News 

Brokers say bitcoin futures contracts ignore risks

“CME Group Inc. and Cboe Global Markets Inc. last week moved to launch bitcoin futures under the self-certification process” writes Deputy Markets Editor for marketwatch.com. Plans by U.S. exchanges to launch bitcoin futures and options this month came under fire from an organization representing the world’s largest derivatives brokers, including all of Wall Street’s major banks, raising questions about the prospects for the eagerly awaited contracts.In a letter to Commodities Futures Trading Commission Chairman J. Christopher Giancarlo, the Futures Industry Association late Wednesday complained that the process that allows exchanges…

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Brokers News Platforms 

Interactive Brokers adds new Intraday VWAP study to charts on TWS platform

“The latest (beta) version of the TWS platform sees the addition of a new Intraday Volume-Weighted Average Price (Intraday VWAP) study to the charts” reports financefeeds.com. Whereas the latest enhancements to TWS, the proprietary trading platform developed by Interactive Brokers Group, Inc. (NASDAQ:IBKR), appear to have been focused on novel tech products such as IBot, the set of improvements concerns chart studies too. Source: financefeeds.com Share This:

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Brokers News 

Swiss Watchdog FINMA Warns Against Brokers Option

“The newly-listed company is a binary options broker named Brokers Option” reports financemagnates.com. In the ‘About Us’ section, Brokers Option makes reference to global offices. ‎However, the company didn’t claim any specific regulatory status in these jurisdictions.The Swiss authority located the company address via its website www.brokersoption.com which reveals that the firm is owned and operated by a Marshall Islands-based entity. Source: financemagnates.com Share This:

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Brokers News 

MiFID II Reporting Decision Maker Status – What Brokers Need to Know

“The bottom line is that there are several different instances of how and when the Decision Maker fields will need to be filled by brokers” writes Ron Finberg Is for financemagnates.com. In this case, the comments can be used by brokers to identify the third party decision maker to populate the relevant transaction reporting fields. Source: financemagnates.com Share This:

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Brokers News Stocks 

Robinhood is going after established brokers with a brand new feature

“You can now bring all of your stock to Robinhood, making it even easier to manage your account,” the company said” writes Frank Chaparro for businessinsider.com. Robinhood, the zero-commission brokerage, is making good on its promise to deliver more features to meet the needs of sophisticated stock traders.The Palo Alto-based company alerted users in an email Tuesday that it would enable users to transfer their stock from other brokerages to their Robinhood account.The firm said it would cover any fees clients might incur from moving their stock over to Robinhood. Source: businessinsider.com Share…

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Brokers Crypto News 

UPS-Backed Blockchain Consortium Seeks to Disrupt the Freight and Logistics Industry

“And while clearly a massive and critical component of the modern world, the freight industry is still lagging years behind in terms of technological progress and operational productivity” writes unknown author for cryptocoinsnews.com. Currently,  buyers and shippers need to hire expensive and often faulty intermediary freight brokers to manage deal flow and verify transactions.This blend of traditional companies working with startups to help drive innovation in the industry is a sign of upward progress.BiTA was formed by “experienced tech and transportation executives to create a forum for the development of…

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