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…

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News 

Currency.com Venture Shows a Growing Industry Diversification Trend

“Earlier this week, the parent company of Capital.com also announced the launch of Currency.com” writes Victor Golovtchenko for financemagnates.com. Speaking with Finance Magnates, the CEO of Currency.com and Capital.com, Ivan Gowan said that the company has committed a strong team to ensure the security of crypto deposits.The new regulatory framework in Europe, which was well known to Capital.com as it was starting its business changed the industry in a big way (at least initially). Source: financemagnates.com

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China’s Didi launches credit, crowdfunding services in diversification push

“BEIJING (Reuters) – China’s Didi Chuxing has launched a suite of financial products, including crowdfunding and lending, as it continues to diversify outside the ride-hailing business following a year of safety scandals” writes Midwest Communications Inc for 95kqds.com. They include wealth management, credit and lending and crowd-funding for critical illnesses, all aimed at short-term, temporary workers. Source: 95kqds.com

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Commentary: GSK, Pfizer and GE shift away from diversification in latest round of health-care deals

“Earlier this year, she purchased from Novartis the remaining 38 percent of the business GSK did not own, giving it full control” writes Bill George for cnbc.com. For its pharmaceutical business, GSK can focus on drug discovery.The question remains, will these announcements trigger further focus on the rest of the health care sector?. Under the new leadership of CEO Larry Culp, GE is also moving rapidly to focus its business as well. Source: cnbc.com

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A former Goldman exec has the same philosophy for investing and for building a career

“What fewer people may realize is that the same principles can apply to how one manages their career” writes Dakin Campbell for businessinsider.com. Spilker spent 20 years at Goldman Sachs, rising to co-head of its asset-management arm and a position on the firm’s powerful management committee. Source: businessinsider.com

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Crypto News 

Huobi Wallet Enables TRON Support To Encourage Portfolio Diversification

“Huobi Wallet sets an example for other wallet providers to follow in the months to come” writes Jp Buntinx for livebitcoinnews.com. As such, the company is beefing up its mobile wallet by enabling TRON support.Any mobile cryptocurrency wallet offering needs to focus on supporting different assets.The company’s native wallet solution now supports TRX, which can improve adoption of this altcoin moving forward. Source: livebitcoinnews.com

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What Drives Corporates To Ditch Some Payment Tech, And Flock To Others

“Sterling Snow, vice president of marketing at corporate spend management company Divvy, recently told PYMNTS that businesses (at least, the ones he works with) are hardly using checks at all” reports pymnts.com. Virtual cards aren’t the payment rail of choice for all aspects of company spend, but they can be applied to situations beyond employee travel and expenses.The diversity of spend categories ushers in a kaleidoscope of payment rails a business chooses to deploy, depending on context. And with cost reduction as an imperative focus for financial professionals today, visibility…

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