Brokers Crypto News 

Crypto Brokerage Tagomi Makes Shorting Bitcoin and Ether Easier

“New York-based cryptocurrency brokerage and trading platform Tagomi allows its users to lend or borrow Bitcoin (BTC) and Ether (ETH) to facilitate long or short trades” writes Adrian Zmudzinski for cointelegraph.com. Per the report, to short crypto assets, traders currently have to “call a host of brokers and trading desks to find the best rates for borrowing and risk the market moving against them during the time it takes to put on a trade.” Tagomi’s chief operating officer Kevin Johnson commented on the difficulty of applying such strategies to crypto:…

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Brokers News 

A startup real estate broker that puts a twist on commissions just raised $2 million in seed funding led by an early Compass investor

“Prevu, an online real estate broker that began operations in New York City in 2017, just raised $2 million in a seed round led by Corigin Ventures, which was also an early investor in $6.4 billion brokerage Compass” writes Alex Nicoll for businessinsider.com. Prevu is exclusively for home buyers, and says it offers up to a 66% rebate on the 3% commission typically collected by a buyer’s agent.The rebate means agents make less per transaction, but the company said that their average agent makes 36 deals a year. Source: businessinsider.com

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Brokers News 

Brokerage Charles Schwab says to cut about 600 jobs

“(Reuters) – Discount brokerage company Charles Schwab Corp is cutting about 600 jobs after an internal review, a company spokeswoman confirmed on Tuesday” writes Midwest Communications Inc for 95kqds.com. The Wall Street Journal reported on Tuesday that the company planned to eliminate nearly 3% of its workforce.The company, which provides brokerage and financial advisory services, reported an 8% year-on-year jump in second-quarter net income at $937 million. Source: 95kqds.com

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Brokers News 

Fawry to launch Insurance Brokerage Service for micro products early 2020

“The company plans to launch a new service early 2020, namely the micro insurance brokerage service” writes Alyaa Stohy for dailynewssegypt.com. The spread of mobile phones and the internet helps provide comprehensive digital payment services.How would Fawry benefit from digital transformation and financial technology in developing the non-banking financial sector?. And what are the chances of achieving digital transformation in Egypt?. Electronic payment systems in government departments has evolved considerably during the past period and will witness a more gradual and significant progression in the future. Source: dailynewssegypt.com

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Brokers News 

Stanislav Vaneev: I Regret Opening a Brokerage Company 13 Years Ago

“To some extent I even regret that I created a brokerage business not now, but 13 years ago” writes Finance Magnates Staff for financemagnates.com. Brokerage business required deep knowledge – you had to go deep into both trading and IT-technology.Many entrepreneurs coming to UpTrader are far from being experts in brokerage business or cryptocurrencies.All those opportunities have been created for years by brokerage company employees, including the programmers’ team of Grand Capital. Source: financemagnates.com

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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…

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Brokers News 

What if the retail FX brokerage industry was to experience a complete revolution? Now is the time

“Rather, it was founded upon a genuine wish to revolutionize customer experience for the retail FX industry” reports financefeeds.com. The “Valhalla Experience” – a respite for the battle weary The company has therefore introduced what it terms as “The Valhalla Experience” for its retail customers, IBs and portfolio managers.It represents ‘Gimme the money’ and is in your face, which is what has caused pure hell in the retail FX sector.This is far better than the classic retail FX model where clients/traders/and even IBs feel intimidated, give a small amount of…

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Brokers News 

INTL FCStone FX Prime Brokerage Revenues Jump by 60% in Q1

“Without this cash injection, FX prime brokerage operating revenues were flat year-on-year” writes Celeste Skinner for financemagnates.com. INTL FCStone’s FX prime brokerage operates under the clearing and execution services arm of the company.During the quarter, whilst the firm overall saw a dip in revenues, the company’s prime brokerage sector recorded a solid performance. This represents a jump of 32 per cent when compared to the prior year period, which recorded operating revenues of $72.2 million.For this sector as a whole, which also includes the firm’s voice brokerage business in the…

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Brokers Futures News Platforms 

NinjaTrader Brokerage expands offering via addition of options on futures

“Users of the NinjaTrader platform got access to the FX market directly through a NinjaTrader Brokerage trading account” reports financefeeds.com. In addition to the free NinjaTrader platform included with all NinjaTrader Brokerage accounts, options on futures traders will also receive free access to the CQG Desktop web-based platform for options trading and analysis.Speaking of the NinjaTrader platform, let’s note that the latest version of the platform comes with a raft of enhancements focusing on working with charts.Back to the topic of trading instruments available to NinjaTrader clients, let’s recall that,…

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