News 

STOs a Major Focus at London Summit 2019

“The 2019 London Summit Awards recognize the best providers in liquidity, execution, trading platform, marketing, and performance, as well as other aspects of the trading industry eco-system” writes Jeff Patterson for financemagnates.com. London Summit 2019 will also be hosting a lengthy list of discussions and case studies in a wide array of topics, providing industry participants both actionable insights and visionary takes. Source: financemagnates.com

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Crypto News 

FCA Warns Public About Clone Firm Offering Crypto Investment

“The British Financial Conduct Authority (FCA) has warned the public about First BTC FX, a supposed clone firm offering fraudulent crypto investments” writes Helen Partz for cointelegraph.com. In its crypto trading section, First BTC FX describes an investment scheme, stating that a minimum investment amount of $100 can “gain the effect” of $3,000.On May 25, the FCA blacklisted an entity known as ICAP Crypto after previously issuing a similar warning against illegal crypto-related firm Next Coin Market.First BTC FX also claims to represent a trade name of First Global on…

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News 

Australia’s financial dispute resolution body receives 60,687 complaints in first 10 months of operations

“The Australian Financial Complaints Authority (AFCA), the single external financial dispute resolution scheme in Australia, has posted some metrics regarding its activities during its first 10 months of operations” reports financefeeds.com. AFCA noted that it has made numerous attempts to contact the financial firms to recover the amounts owing.The main product issues for investment complaints are as follows: Earlier in September, published a list of 29 financial firms that have failed to pay complaint-related charges, thus violating AFCA membership requirements. Source: financefeeds.com

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Markets News Platforms 

Tradefeedr Onboards Goldman, XTX and UBS

“Tradefeedr announced on Tuesday that Goldman Sachs, UBS and XTX Markets have become the first market makers to join its platform” writes David Kimberley for financemagnates.com. For instance, a company could see how well its trading algorithm would perform when used with different liquidity providers.Launched last year, Tradefeedr provides a platform for companies to share foreign exchange trading data. More transparency and more informed clients will result in a fairer market for all.”. The companies that have joined the platform are also unlikely to be the last. Source: financemagnates.com

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Markets News 

Five tips for when you are struggling in FX trading

“Think of market sentiment simply as the ‘mood of the market’” reports forexlive.com. If you are struggling and losing money in the FX market at the moment then the first step is to deleverage.Every day Adam, Eamonn, Greg and Justin are continually tuning in and reporting on market sentiment.Therefore, if you are trading intraday, anchor your stops above or below previous days highs or lows.Assuming that you are trading in line with the sentiment, then your position should be supported. Source: forexlive.com

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Markets News 

Years of forex market calm sends currency funds to the wall

“Having a standalone currency fund wasn’t working in a world of QE,” said Adrian Owens, who managed the GAM fund” writes Midwest Communications Inc for 95kqds.com. Merk’s $6.7 million fund was one of the 10 currency mutual funds to shut this year, following 17 closures in 2018, Morningstar said.Once, and if, volatility returns, investors waiting on the sidelines will likely get back into the game.For currency investment funds it was yet another episode of volatility gauges flickering to life briefly, then subsiding.The U.S.-listed Global Currency Fund closed to investors in…

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News 

Kabu Rises from Summer Lull, Sees Uptick in August FX Trading

“Kabu also achieved a month-on-month uptick in the monthly trading value of stocks” writes Celeste Skinner for financemagnates.com. The futures monthly trading value also saw a solid uptick on a monthly comparison. During the month, the ASP OTC FX monthly trading value for the month was ¥491.8 billion, which is higher by ¥186.7 billion against the previous month.When weighing this against the previous month, which reported a trading value of ¥1.66 trillion, the trading value posted in August is higher by ¥975.20 billion or 58.7 per cent.The over-the-counter (OTC) monthly…

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Brokers News 

Japan Raises Alarm about 8MAX, FXSuit and Titan FX

“In another official regulatory warning from earlier today, the German financial regulator also warned the public about an unregulated broker” writes Victor Golovtchenko for financemagnates.com. The German regulator is advising the entity to immediately halt contacting German citizens and unlawfully offering them proprietary trading services.Elaboprating on the matter, the German regulator stressed out: “Currently, a large number of potentially dubious trading platforms are entering the market.The latest batch of warnings about unregulated and unregistered brokers comes from Japan and the Kanto Local Finance Bureau. Source: financemagnates.com

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News 

Explainer: U.S. dollar intervention: What would it take?

“That has put the almost unthinkable scenario of currency intervention up for debate in global foreign exchange circles” writes Midwest Communications Inc for 95kqds.com. “Recent comments by U.S. policymakers suggest that FX intervention is off the table for the time being.Strategists at Citi expect a U.S. FX intervention would weaken the greenback by 2-3% over the first few day, they said in a recent note.The U.S. Treasury and the Federal Reserve generally collaborate on foreign exchange intervention decisions.Citi FX strategists also see the chances of intervention rising if the dollar…

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