Prime of prime and liquidity provision, automation, regtech, digital assets, and the evolving direction of all-important Cyprus as a multi-faceted FX industry linchpin. This morning, the second day of the iFX EXPO International FX industry conference produced and hosted by ConversionPros is about to begin, adding to the topics and current affairs which were discussed in great detail yesterday.
In addition to 3, pre-registered industry professionals, a further , mostly from within Cyprus, registered on arrival, and the previous evening, 2, executives attended the welcome event, making this conference the most populous since its commencement in No mention of binary options, and no representation by their brands is apparent, and that entire sector is notable by its complete absence.
Instead, the international attendees include British, Australian, North American and local prime brokerages, institutional liquidity partners and service providers. The panel discussions that took place during the course of yesterday focused on very important matters, and were hosted by senior industry professionals who actually interacted with the leaders of industry that formed the discussions, interjecting and challenging their responses to all important industry issues.
In keeping with the avantgarde, FinTech direction that Cyprus aspires toward, 9. Leonard is a proponent of this direction and began the day buy providing a workshop which demonstrated the BlockEx platform and clarified the nature of digital assets. Focusing on explaining what a Digital Asset is, covering bonds and equities, Mr Leonard demonstrated the capabilities and advantages of the BlockEx Platform and how it could allow brokers to sell digital assets to their investors and traders.
The FX industry is a highly competitive market that relies heavily on using the best technologies available to deliver the fastest results to its customers. Panel discussions during the course of the day centered on artificial intelligence and its role in the FX industry, which was covered in detail by FinanceFeeds, a discussion that FinanceFeeds continued during the evening at a meeting with several senior FX industry figures, in which not only the client side aspect of artificial intelligence — that being acquisition, retention, marketing and intuition toward client trading behavior — was discussed, but FinanceFeeds raised the important point that machine learning in the institutional sector, as in relationships between broker and liquidity provider, where to execute trades and how to conduct risk management is a different matter.
This may well be an electronic business, but it is also a relationship business, something that is reinforced by the dialog at iFX EXPO International As MetaTrader 5 finally heads out of its 7 year wilderness into mainstream popularity, its virtues are being appreciated and recognized by the entire industry. Whereas MetaTrader 4 had been subject to adaptation by various third party software vendors over the years its origins lie firmly in the camp of the b-book market maker with a spot FX product range, MetaTrader 5 is absolutely given toward connectivity to exchanges — DGCX has various MetaTrader 5 brokers connected to it to trade listed commodities and INR futures contracts — as well as multiple connectivity via specialist interfaces such as that developed in partnership with CQG by DirectFX which allows retail customers to trade spot commodities, FX and precious metals via one connection to OTC liquidity providers, as well as listed derivatives on CME via direct connection to the exchange, all on one platform via one brokerage.
In terms of client side user experience, optimization and continual improvement of value proposition was a continual discussion during the course of the day among retail participants, and of course, as expected, a dialog with regard to prime brokerage and liquidity provision took place.
This year, due to unavailability of credit from Tier 1 banks, the non-bank prime of prime sector has expanded exponentially, with new prime of primes entering the fold, as well as retail firms offering institutional B2B feeds from their own liquidity provision.
This debate concurred that liquidity remains a major concern for brokers. After market events have reshaped the prime brokerage space in , new regulatory requirements will require still more adjustments.
Industry participants provided a concrete, focused account of how non-bank providers are doing, what MiFID 2 means for the retail side, and how banks and institutional players see the shake-up in Limassol and London. In just twenty minutes, the second day of the iFX EXPO International conference opens its doors, during which FinanceFeeds will provide live coverage and viewpoints from industry leaders and exclusive interviews direct from the event.
Cyprus has become a very mature center for retail FX over the past few years, having attracted over retail…. CySec has made tremendous steps to encourage good business practice in the most highly developed retail FX center on the planet.
Here is what needs to happen next. Despite CySec instructing all brokers in Cyprus to desist from offering deposit bonuses and ensuring that they stick to a leverage limit of 1: A comprehensive look at the actions of other jurisdictions with regard to nefarious binary brands and retail B-bookers that have a less than enviable history, and how CySec continues to uphold their licenses as Belize cans the license of Banc de Binary.
They want security, a fair price and execution procedure. Despite the recent increase in capital requirements by offshore regulators, they still have zero credibility. To license offshore means to loose all credibility.
In essence you just have to roll up your sleeves and find new clients to make up the shortfall. Industry News , Inside View , Opinion , Retail FX The days of the bucket shop are numbered Cyprus has become a very mature center for retail FX over the past few years, having attracted over retail….
A good look from within at why Cyprus is the mainstay of all things FX — Op Ed Cyprus has become a very mature center for retail FX over the past few years, having attracted over retail…. Inside View , Retail FX CySec has made massive steps forward, but there is still a way to go — Op Ed CySec has made tremendous steps to encourage good business practice in the most highly developed retail FX center on the planet.
Warehouse brokerages still offering bonuses one month after bonus ban Despite CySec instructing all brokers in Cyprus to desist from offering deposit bonuses and ensuring that they stick to a leverage limit of 1: Inside View , Opinion , Week in Review If even Belize will not license firms with a history of malintent, why does Cyprus continue to entertain them?
Algos, AI, best execution? Yes, but they want the dream too! Industry News Cyprus welcomes the leaders of the entire FX industry: Opinion , Week in Review Who cares about offshore licensing? Nobody…… Op Ed Despite the recent increase in capital requirements by offshore regulators, they still have zero credibility.
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