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 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 

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 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
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 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