Brokers Markets News Platforms 

Exclusive: VIBHS’ CEO on Client Profitability and China

“IBs aside, the harder part of doing business in China is proving to be getting money out of the country” writes Victor Golovtchenko for financemagnates.com. The other issue that Irvine thinks is affecting the market is the ongoing trade dispute between the US and China.We recently sat down with the CEO of VIBHS Financial, Angus Irvine, to discuss the latest market changes and how the company is coping with the new market environment.The majority of business that we’ve been acquiring in China was via contacts made at various expos and…

Read More
Brokers Markets News 

FSCS’ payouts to customers of defunct broker LQD Markets total $2.89m

“The Special Administrators worked with their legal advisors and the FCA to make an application to modify the CASS rules” reports financefeeds.com. These claims have been sent to the FSCS to give clients an opportunity to assign their claims to the FSCS and make an application for compensation.Where necessary the Administrators have continued adjudicating on clients’ claims and responding to client queries specifically relating to the compensation process. Source: financefeeds.com

Read More
Brokers Crypto GBP News 

Crypto Exchange Gemini Joins British Telecom’s Radianz Cloud Broker Community

“Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has joined the British Telecommunications (BT) Radianz Cloud broker community, a BT press release reports on Feb. 27” writes Adrian Zmudzinski for cointelegraph.com. Nick Vigier, chief information officer at Gemini, declared that joining Radianz Cloud strengthens the exchange’s institutional investor connectivity.The Radianz Cloud is described in the press release as “one of the world’s largest, secure networked financial cloud communities,” comprised of thousands of institutions, exchanges, brokers and clearing and settlement houses.Now the members of this community will reportedly have access…

Read More
Brokers News 

How is Regtech Changing the Forex Industry?

“Investing in robust regtech tools will become increasingly important as the forex industry continues to adapt to and drive new technological advances” reports financemagnates.com. The forex industry as we know it is a product of technical revolution.A major turning point for the forex industry is the increasing oversight demanded by regulatory bodies.This is where regtech (regulatory technology) comes in.Reputable forex brokers like FXTM embrace the security that regulatory requirements offer their clients. Source: financemagnates.com

Read More
Brokers News Platforms 

Why Brokerages Outsource Their Broker Technology

“Existing and new brokerages need to be aware of the growing impact that artificial intelligence (AI) is having on broker technology” writes Finance Magnates Staff for financemagnates.com. Simply advertising that your brokerage offers low latency execution without being able to deliver will not cut it.Impact Tech’s Impact CRM is a platform that ticks all the required boxes and offers brokers a cost-effective way to access the benefits of AI-driven insights.Today’s successful brokers are weighing up the merits of the latest broker technology to ensure they continue to compete at the…

Read More
Brokers GBP Markets News Stocks 

Lower Volumes and Offshore Brokers Competition: Q1 Sneak Peak

“The final quarter of 2018 was driven by massive stock market volatility and on multiple occasions caused Plus500 to upgrade its outlook” writes Victor Golovtchenko for financemagnates.com. While the uncertainty around Brexit still hasn’t dissipated, the FCA-regulated brokers who rely heavily on EU clients are still worried about the future.At the time, smaller brokers shared with Finance Magnates that the massive moves seen in the final quarter of last year have boosted revenues significantly.While volatility challenges are nothing new, the decreased leverage for EU retail clients is particularly impactful when…

Read More
Brokers Markets News 

Rising Client Acquisition Costs Squeezing Small Brokers

“It was the implementation of MiFID II that started a tectonic shift in client acquisition costs in the industry” writes Victor Golovtchenko for financemagnates.com. While industry consolidation has been a theme, there is a precursor which is causing it: ever-rising client acquisition costs.The talk of the day now are ever-rising client acquisition costs that keep swelling.Official stats for client acquisition costs have only been published by Plus500 so far. Source: financemagnates.com

Read More
Brokers News 

Has your broker or advisor landed on FINRA’s ‘bad guy’ list?

“In other words, how well do you know your advisor or broker?” writes -andy Penry for cnbc.com. In December alone, brokerage firms agreed (without admitting or denying guilt) to an aggregate $2.4 million in fines — and more than half of that amount arose from inadequate supervision of brokers who caused investor harm, according to the latest rundown of enforcement actions by the Financial Industry Regulatory Authority. Commonly called FINRA, it’s the self-regulatory organization for roughly 630,000 brokers — some of whom also are registered with the Securities and Exchange…

Read More