Crypto News Platforms 

Airsoft Technologies Launches ‘Airsoft 2.0’ Crypto, FX, and CFD Platform

“Airsoft Technologies, a full-service brokerage technology developer, announced this Wednesday the launch of Airsoft 2.0, the new and improved version of their cryptocurrency and forex/contract for difference (CFD) platform” writes Celeste Skinner for financemagnates.com. Airsoft was one of the first technology providers to develop a web-based ‎crypto trading platform and was also one of the leading ‎providers to offer an FX/CFDs shared wallet solution.The company broke the news today during Finance Magnates London Summit, the largest the largest trading and investment-oriented B2B conference in Europe.For its 2.0 version, the company has…

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News 

LCH Receives Licence to Clear FX NDFs in Japan

“London Clearing House Group (LCH), a global clearing house, has received approval from the Japanese Financial Services Agency (FSA) to extend its clearing licence, the firm revealed today” writes Celeste Skinner for financemagnates.com. In 2016, the FSA granted the clearing house permission to clear non-Yen over-the-counter (OTC) interest rate derivatives. Source: financemagnates.com Share This:

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News 

Societe Generale Sees Solid Q3 Results, Stable Fixed Income & FX Revenues

“In addition, revenues were also supported by the global banking and investor solutions unit, which reported solid results thanks to a rebound in the global markets” writes Celeste Skinner for financemagnates.com. According to the results, revenue was driven by strong growth in the company’ French retail banking business and international retail banking and financial services operations. Source: financemagnates.com Share This:

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Brokers Markets News 

Salaries in the FX Industry are Exploding – is it Sustainable?

“Over the past year, the European Securities and Markets Authority (ESMA) has been shaking up the foreign exchange (forex) industry” reports financemagnates.com. Speaking to Finance Magnates, Reece Pawsey, the Co-Founder at FinTop Consulting, a recruitment agency specialising in the forex industry, said: “as a result, salaries have increased massively, especially in the UK market.Whilst this might make candidates nervous, particularly those just starting out in the industry, it has actually resulted in a positive thing for professionals – salaries are exploding.The average London Trader salary is 21.1% more than the…

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Markets News 

FX Volumes Rebound at Russia’s MOEX, Derivatives Market Stands Tall

“During the reported month, FX market turnover at MOEX rose 12 percent month-over-month to RUB 30.4 trillion ($460 billion) from RUB 27.1 trillion ($410 billion) in September 2018” reports financemagnates.com. This month-on-month expansion caused the FX market’s average daily turnover to increase to RUB 1.32 trillion (USD 20 billion) in October.Looking at MOEX’s derivatives market volumes during October 2018, the group also yielded a strong performance for the month.Moscow Exchange (MOEX), Russia’s largest institutional trading venue, has just released its trading volumes for the month ending October 2018, having managed…

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Brokers Crypto News 

FCA Blacklists Crypto Clone Firm and Unauthorised FX Broker

“According to the warnings, Cryptobourse is a clone firm of an FCA-regulated Crypto Facilities Limited and Meta Investing is operating without a licence” reports financemagnates.com. According to the warning, Meta Investing has three London addresses, with its trading office based at Complex Ajeltake Island, Majuro, MH96960, Marshall Islands. Source: financemagnates.com Share This:

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Crypto News 

New Zealand’s FMA Warns Against FX Scam and Crypto Clone Firm

“According to the warnings, Russ Horn (Forex Equinox), Zend Trade and Cryptogain all have the characteristics of a scam” reports financemagnates.com. Well, the New Zealand financial regulator definitely believes it is, stating that Russ Horn and Forex Equinox have the characteristics of a scam.It is also connected to Forex Equinox, which is Russ Horn’s trading system dubbed the Equinox Automatic Dashboard. Source: financemagnates.com Share This:

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Futures News 

TFX Sees Strong MoM and YoY Uptick in FX Trading in October

“Following a disappointing August and mixed results for September, October did see a strong uptick in FX daily futures contracts” reports financemagnates.com. Taking a look at FX Daily Futures contracts (Click 365) traded on TFX the total trading volume was 2,658,139.In October, the total trading volume of Equity Index Daily Futures contracts traded on TFX (Click kabu 365) was 823,194, or an ADV of 35,815.Conversely, in September, British Pound/US Dollar futures contracts saw the biggest monthly uptick with 40,718 (2,036 per day) contracts traded during the month. Source: financemagnates.com Share This:

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Brokers GBP Markets News 

How Have Brexit and ESMA Impacted the FX Job Market?

“This is the second article in a four-part series, aiming to dive into the various aspects of human resources in the forex industry” reports financemagnates.com. Brexit, blockchain, cryptocurrencies and regulatory changes – the foreign exchange (forex) industry has seen it all.This is despite fears that Brexit would negatively hurt UK jobs in the finance industry.Will Brexit and regulation from the European Securities and Markets Authority (ESMA) be the death of the industry?. Are London-based brokers now only hiring UK citizens to avoid any future hassles?.  Source: financemagnates.com Share This:

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Crypto Markets News Regulators 

Swiss Regulator FINMA Blacklists FX Brand FSM Smart

“FINMA, the Swiss Financial Market Supervisory Authority, has updated its blacklist of companies that are suspected of conducting unauthorized activities in the financial markets” reports financemagnates.com. Although the financial watchdog didn’t provide specific details, the inclusion of FSM Smart means it is not officially registered in Switzerland and was thus not authorized to offer its trading services to Swiss traders.Earlier this year, Finance Magnates reported that FINMA shut down a cryptocurrency racket as part of its latest efforts to tackle digital currency fraud. Source: financemagnates.com Share This:

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