Brokers Crypto Markets News 

Exclusive: Market Synergy Launches VPS to Connect Brokers to Bitfinex

“Market Synergy, an institutional cryptocurrency connectivity provider, announced this Tuesday that it has launched a cloud-based Virtual Private Server (VPS) which can connect brokers, hedge funds and professional traders to cryptocurrency trading platform Bitfinex” writes Celeste Skinner for financemagnates.com. As Finance Magnates reported in January of this year, the companies went live with institutional-grade connectivity which allowed brokers, and other financial firms to take a FIX feed or ISP link to Bitfinex’s digital asset gateway. Source: financemagnates.com

Read More
Brokers News 

Former President Jimmy Carter offers to travel to North Korea to help Trump broker a nuclear deal with Kim Jong Un

“Carter’s visit helped to defuse the first North Korean nuclear crisis, paving the way for the Agreed Framework, in which North Korea agreed to give up its nuclear program in exchange for aid” writes Tom Porter for businessinsider.com. The nuclear summit between Trump and Kim came unstuck when Kim demanded an end to US sanctions. Source: businessinsider.com

Read More
Brokers News Platforms 

Exclusive: Pelican Trading Delivers FCA-Regulated Social Platform

“About 5 years after the peak of the social trading platforms boom, a new and different approach to an old problem is making a go at auto-copy trading” writes Victor Golovtchenko for financemagnates.com. Pelican Trading aims to deliver not simply a copy-me platform but a product that extends all the interactive capabilities for users to learn from experts in real time.While some bigger firms have committed to developing their own social trading offerings, the asset management, and investment advice licensing process has been a difficult hurdle to overcome.Pelican Trading comes…

Read More
Brokers News Stocks 

BaFin Warns Investors to Steer Clear of Marijuana Brokers

“BaFin, the federal financial watchdog in Germany, also indicated that Cannabis Trader displays address details on its website which are non-existence, and that its domain is registered anonymously” writes Aziz Abdel-qader for financemagnates.com. Germany’s watchdog BaFin has published a statement warning of the activities of “Cannabis Trader”, a company that appears to be offering marijuana derivatives products without complying with its financial legislation.The marijuana companies themselves have been busy expanding their capacity, diversifying their product lines, and making acquisitions, all in an effort to improve differentiation from their peers and…

Read More
Brokers News 

Analysis: How ESMA Revolutionized Brokers’ Affiliate Efforts

“While ESMA has certainly had a significant impact on brokers, online affiliates have been majorly affected too” writes Konstantin Rabin for financemagnates.com. Hence,  I decided to examine what online performance marketers have to say about the impact of ESMA on their business.However, Affiliate #2 hasn’t felt the impact of ESMA in this sense.Only one affiliate decided to stop investing in websites that target EU traders, and two affiliates are planning to invest at least as much as they used to.I do not understand why other financial companies (e.g. banks) can…

Read More
Brokers News 

How secure is your Tier 1 prime broker? The figures bare all

“How your Tier 1 bank handles it and how secure its systems are is paramount” reports financefeeds.com. According to the regulator, during the same period Barclays, Cahoot and Santander each suffered seven incidents while Lloyds Bank customers faced disruption on six occasions.FinanceFeeds followed this up with some London-based prime of prime brokerages, and it appears that most certainly, RBS has the lowest entry barriers and is actually willing to do business as a Tier 1 counterparty.Once upon a time, not very long ago, Tier 1 banks with large market shares…

Read More
Brokers News 

New Product: As all-new MT-compatible multi asset solution goes live, diversification is now paramount for FX brokers

“Multi-asset trading environments, offering connectivity to massive asset bases is a pre-requisite in order to engage British investors, who are usually well-read, strategic and pragmatic” reports financefeeds.com. Thus, there is now a fully accessible multi-asset solution for retail brokers which allow the trading of spot OTC derivatives on the same platform as multi-asset exchange listed futures and equities.It’s the quiet ones that are often the dark horses, especially among firms that cater toward the financially conservative British retail electronic trading sector.Mr O’Reilly is a veteran FX industry senior figure with…

Read More
Brokers News 

Porsche says it is dealing with tax investigation issues

“A company spokesman said Porsche had “already responded to possibly anticipated tax payments via safety surcharges and lump sum payments.”” writes Midwest Communications Inc for 95kqds.com. It had handed over all documentation regarding possible tax liabilities for the employees in early retirement, it said.Porsche had further responded to queries over its tax liabilities by launching internal tax compliance measures and processes, aided by external consultants, the statement added.FRANKFURT (Reuters) – Volkswagen’s Porsche unit on Sunday said it was cooperating with state prosecutors to clear up investigations into alleged tax debts…

Read More
Brokers Markets News 

IG Partnership with IB Forest Park FX Reveals US Client Value

“And for those traders, IG will be a welcome addition to the market” writes David Kimberley for financemagnates.com. Having paid $40 million for the site, it makes sense that the broker is now trying to use it to attract new clients.Given Forest Park FX’s reputation for adding value to clients and our prior experience with them in Europe, they were always at the top of our list.” Working alongside the broker, FP will be providing its clients with market access through IG, cash back rebates for retail traders that use…

Read More