What does the future hold for the FX industry? Find out what the industry's elites have to say.
The global marketplace is still digesting the news of the Brexit vote and the triumph of the 'Leave' stance that places the UK in unchartered waters. In light of the turmoil wrought on financial markets, several industry leaders have weighed in on the impact of Brexit on the FX industry itself.
Tom Higgins, CEO, Gold-i
"I am shocked about the results but I am a firm believer that from every adverse situation, there’s always something positive that can come out of it. As a technology business focusing on the financial markets, for us the opportunity will be to focus on our risk management tools. Clients with the most technically advanced risk management solutions will have the greatest control of their risk and therefore a greater opportunity to make more money.
I am concerned about the skills gap moving forward
We have recruited very talented EU citizens into the business – and although I was relieved to hear today that the Government plans to allow current EU employees to remain in the country, I am concerned about the skills gap moving forward. We will undoubtedly need a new system in place – perhaps like the Australian points system - to be able to recruit skilled workers into roles which we are not able to fill with UK citizens. It’s important for the UK economy to be able to get the best talent into our businesses,” he noted.
The new world of online trading, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
Nick Murray-Leslie, CEO, Chatsworth
"London’s financial sector is in shock following a marathon 24 hours of market activity. Although many had priced in the risk of a potential Brexit, the extraordinary swings in GBP reflected currency traders' worst fears. In a poll conducted by Chatsworth earlier this year, 80% of currency market professionals expected the UK to vote to remain in the EU. However, when the first indications emerged that the UK would be leaving, we saw a negative contagion effect spread swiftly through the market as investors struggled to come to terms with the outcome.
There is no doubt that London’s leading position as a USD 2.2 trillion hub for FX trading is now under threat. Two-thirds (65%) of respondents told Chatsworth that they feared that a Brexit would negatively affect London’s position as the world's largest FX trading centre. Many will now stand by with bated breath as politicians begin the onerous process from untangling itself from a 40 year trading relationship, and wondering what the future holds.
London and the City in particular as a global financial capital, where the vast majority of currency trading is transacted, will be bracing itself as the rest of the EU takes stock of the result. Traders, investors and money managers can now expect a prolonged period of uncertainty - the number one bugbear for financial markets - as the UK takes a step into the unknown.”
"Coming off the heels of a historic evening, I've now had a few (not many) moments to reflect on how the previous day has unfolded. I'm proud of my team and can confidently say they did a phenomenal job managing the turbulence. I was also impressed with our liquidity partners for providing quality liquidity through the massive moves.
This vote will rock the markets for the foreseeable future
This vote will rock the markets for the foreseeable future and will trigger a cascading effect across the EU for years to come. There is talk of regulators taking action and making changes, yet it is us as an industry whom took it upon ourselves to implement self imposed margin restrictions. The last day speaks volumes for the efficiency of OTC markets. This referendum certainly had a large amount of hype over the last month, and the results lived up to the hype. This will be the catalyst for many changes over the coming years," he added.
The global marketplace is still digesting the news of the Brexit vote and the triumph of the 'Leave' stance that places the UK in unchartered waters. In light of the turmoil wrought on financial markets, several industry leaders have weighed in on the impact of Brexit on the FX industry itself.
Tom Higgins, CEO, Gold-i
"I am shocked about the results but I am a firm believer that from every adverse situation, there’s always something positive that can come out of it. As a technology business focusing on the financial markets, for us the opportunity will be to focus on our risk management tools. Clients with the most technically advanced risk management solutions will have the greatest control of their risk and therefore a greater opportunity to make more money.
I am concerned about the skills gap moving forward
We have recruited very talented EU citizens into the business – and although I was relieved to hear today that the Government plans to allow current EU employees to remain in the country, I am concerned about the skills gap moving forward. We will undoubtedly need a new system in place – perhaps like the Australian points system - to be able to recruit skilled workers into roles which we are not able to fill with UK citizens. It’s important for the UK economy to be able to get the best talent into our businesses,” he noted.
The new world of online trading, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
Nick Murray-Leslie, CEO, Chatsworth
"London’s financial sector is in shock following a marathon 24 hours of market activity. Although many had priced in the risk of a potential Brexit, the extraordinary swings in GBP reflected currency traders' worst fears. In a poll conducted by Chatsworth earlier this year, 80% of currency market professionals expected the UK to vote to remain in the EU. However, when the first indications emerged that the UK would be leaving, we saw a negative contagion effect spread swiftly through the market as investors struggled to come to terms with the outcome.
There is no doubt that London’s leading position as a USD 2.2 trillion hub for FX trading is now under threat. Two-thirds (65%) of respondents told Chatsworth that they feared that a Brexit would negatively affect London’s position as the world's largest FX trading centre. Many will now stand by with bated breath as politicians begin the onerous process from untangling itself from a 40 year trading relationship, and wondering what the future holds.
London and the City in particular as a global financial capital, where the vast majority of currency trading is transacted, will be bracing itself as the rest of the EU takes stock of the result. Traders, investors and money managers can now expect a prolonged period of uncertainty - the number one bugbear for financial markets - as the UK takes a step into the unknown.”
"Coming off the heels of a historic evening, I've now had a few (not many) moments to reflect on how the previous day has unfolded. I'm proud of my team and can confidently say they did a phenomenal job managing the turbulence. I was also impressed with our liquidity partners for providing quality liquidity through the massive moves.
This vote will rock the markets for the foreseeable future
This vote will rock the markets for the foreseeable future and will trigger a cascading effect across the EU for years to come. There is talk of regulators taking action and making changes, yet it is us as an industry whom took it upon ourselves to implement self imposed margin restrictions. The last day speaks volumes for the efficiency of OTC markets. This referendum certainly had a large amount of hype over the last month, and the results lived up to the hype. This will be the catalyst for many changes over the coming years," he added.
The Menace of Clones: Malta’s Regulator Warns against Fake "Documents and Emails"
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
📣 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
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
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/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
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
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
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
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
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:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
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:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
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
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.
📣 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:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
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:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔