Forex Magnates spotlights the recent industry’s news you must know all about, from the upheaval at an industry event in China to a new gaming style trading app and major interventions by central banks.
The stories that have made the most impact in the Forex industry this past week, judging by their popularity with our readers, involved the first-ever planned IPO by a binary options broker and the repercussions of political volatility on the currency markets. Many brokers have also reported great results for October this week, but that will be covered separately.
The broadcast presented traders who were attending the 12th Shanghai International Money Fair, an industry event in which personal investors account for roughly a third of the visitors.
Protesters claiming to have lost millions of RMB worth in trades were interviewed, accusing their brokers of manipulating them into incurring massive losses. One of them, confiding that he had personally lost a million RMB, burst into tears on camera. The demonstrators were also seen hanging warning signs showing the websites of brands they had traded with.
Anyoption Plans a LSE AIM IPO Valued at £150 Million
Following up on Forex Magnates' exclusive report from April, it was discovered during the week that the broker had already hired the services of a British investment group, Shore Capital, specializing in access to the London capital markets. Anyoption is set to file a letter of intent to the LSE AIM in December for a £140-£160 million IPO and plans the listing for February 2015.
Central Banks Increasing Market Interventions
The Central Bank of Russia announced on Wednesday that it would now limit the size of its interventions to $350 million a day. The bank confirmed that it will continue to shift the rouble corridor by 5 kopecks after each tranche of $350mln is completed. The bank has been incredibly active in managing the rate at which roubles are exchanged for US dollars, euros, yuan and gold, in response to extreme selling pressure following a destabilising conflict in the Ukraine and resulting sanctions in tandem with lower oil prices.
A day before the Russian announcement, Forex Magnates reviewed how the Bank of Japan's intervention had led to the yen losing a third of its value. One conclusion being that the volatility which we have recently seen spike higher across the foreign exchange markets was very likely to stay with us for a long time. Opportunities provided by the rising economic imbalances between major economies have triggered a new round of US dollar strength.
Is This the Future of Retail Trading Platforms?
On Thursday, Forex Magnates took a look at Flick-a-Trade, a gaming/trading app. The app features charting and real-time pricing of major forex pairs, commodities and equity index products. To play, users enter the duration they want to play; from one minute and up. Unlike regular trading, Flick-a-Trade offers a multi-player setting allowing users to play against others to see who the best short-term trader is.
The future though, according to Cygnecode’s developers, is the roll out of the product as both a gaming and trading app. The company plans partnering with an authorized FCA broker as well as with a regulated UK gaming company. As a trading app, the mobile platform can be connected to a broker’s Liquidity and customer accounts.
Admiral Markets Takes MT4 to the Modern Age
On Monday, we revealed that Admiral Markets has revamped its custom MT4 “Supreme Edition.” The broker stated that the standard MT4 trading terminal is probably the best platform of its kind, but when one navigates away from the terminal for extended information and services – the choice of supplementary features is so large, you are left with the impression that most of them should have been available from the start.
The broker explained that they have implemented over 60 enhancements of the MT4 build for its MetaTrader 4 Supreme Edition, a version assembled with the help of bright IT specialists and demanding day traders. Among the more eye-catching features of the custom edition offered by Admiral Markets is a one click trading mini terminal, a trade Terminal for multiple monitors and an automatic alarm manager.
The stories that have made the most impact in the Forex industry this past week, judging by their popularity with our readers, involved the first-ever planned IPO by a binary options broker and the repercussions of political volatility on the currency markets. Many brokers have also reported great results for October this week, but that will be covered separately.
The broadcast presented traders who were attending the 12th Shanghai International Money Fair, an industry event in which personal investors account for roughly a third of the visitors.
Protesters claiming to have lost millions of RMB worth in trades were interviewed, accusing their brokers of manipulating them into incurring massive losses. One of them, confiding that he had personally lost a million RMB, burst into tears on camera. The demonstrators were also seen hanging warning signs showing the websites of brands they had traded with.
Anyoption Plans a LSE AIM IPO Valued at £150 Million
Following up on Forex Magnates' exclusive report from April, it was discovered during the week that the broker had already hired the services of a British investment group, Shore Capital, specializing in access to the London capital markets. Anyoption is set to file a letter of intent to the LSE AIM in December for a £140-£160 million IPO and plans the listing for February 2015.
Central Banks Increasing Market Interventions
The Central Bank of Russia announced on Wednesday that it would now limit the size of its interventions to $350 million a day. The bank confirmed that it will continue to shift the rouble corridor by 5 kopecks after each tranche of $350mln is completed. The bank has been incredibly active in managing the rate at which roubles are exchanged for US dollars, euros, yuan and gold, in response to extreme selling pressure following a destabilising conflict in the Ukraine and resulting sanctions in tandem with lower oil prices.
A day before the Russian announcement, Forex Magnates reviewed how the Bank of Japan's intervention had led to the yen losing a third of its value. One conclusion being that the volatility which we have recently seen spike higher across the foreign exchange markets was very likely to stay with us for a long time. Opportunities provided by the rising economic imbalances between major economies have triggered a new round of US dollar strength.
Is This the Future of Retail Trading Platforms?
On Thursday, Forex Magnates took a look at Flick-a-Trade, a gaming/trading app. The app features charting and real-time pricing of major forex pairs, commodities and equity index products. To play, users enter the duration they want to play; from one minute and up. Unlike regular trading, Flick-a-Trade offers a multi-player setting allowing users to play against others to see who the best short-term trader is.
The future though, according to Cygnecode’s developers, is the roll out of the product as both a gaming and trading app. The company plans partnering with an authorized FCA broker as well as with a regulated UK gaming company. As a trading app, the mobile platform can be connected to a broker’s Liquidity and customer accounts.
Admiral Markets Takes MT4 to the Modern Age
On Monday, we revealed that Admiral Markets has revamped its custom MT4 “Supreme Edition.” The broker stated that the standard MT4 trading terminal is probably the best platform of its kind, but when one navigates away from the terminal for extended information and services – the choice of supplementary features is so large, you are left with the impression that most of them should have been available from the start.
The broker explained that they have implemented over 60 enhancements of the MT4 build for its MetaTrader 4 Supreme Edition, a version assembled with the help of bright IT specialists and demanding day traders. Among the more eye-catching features of the custom edition offered by Admiral Markets is a one click trading mini terminal, a trade Terminal for multiple monitors and an automatic alarm manager.
Interactive Brokers Expands Offerings with Daily Options on French Stocks
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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