New Sponsorships, Products and Execution - Best Stories of the Week

During the passing week the most interesting stories from the online trading world included brand new details about upcoming products as well as the most hard hitting sports sponsorship seen in the industry since Mike Tyson.

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Getting ready for the American elections

On Monday the news broke that Saxo Bank has decided to increase margin requirements in the run up to the US elections. The Danish multi-asset brokerage’s margin requirement increase will affect a set of different assets including FX pairs, equities and fixed income.

In the following days more firms joined in the preparations for the possibility of extreme volatility, including: AxiTrader, Dukascopy, OctaFX, FXOpen, Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term.com, ETX Capital and Swissquote Bank.

Cyprus binary options

On Tuesday we reported that OptionWeb, one of the oldest binary options brokerages in the industry, has laid off a large number of employees in recent weeks. It came as many other companies in the industry are consolidating operations as CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term has started enforcing its new regulatory framework.

By coincidence, on the same day CySEC announced that it has imposed a fine of €225,000 on XFR Financial Ltd, owner of forex brokers XForex and XTrade, for a series of non-compliance issues in connection with the provision of trading services.

OANDA’s v20 engine

On Wednesday OANDA CEO Ed Eger talked about the company’s new execution engine, the firm’s growth plans and upcoming technological developments.

We asked him about the v20 execution engine and how it is improving trading execution for clients, what speeds they have recorded in their tests and whether it is an in-house development.

OptionsPros

On Thursday we exclusively reported that binary options software provider TRADOLOGIC is working on a new portfolio management software. Called OptionsPros, it will be focusing on combining certain elements from portfolio management, social trading and automated trading.

TRADOLOGIC plans to offer the solution as a white label product. The product is not meant to solicit end-user trades and can be added as a standalone platform or as an additional layer to a traditional binary brokerage.

“The Notorious”

This week we also revealed that 24Option signed a sponsorship deal with the UFC champion, Conor McGregor.

Emma Morris, Partnership Director at 24Option: “We are delighted to announce Conor McGregor “the Notorious” as our partner. We decided to partner with Conor because of his strong character. He is number one and fierce. He is fearless and strong. He has one of the strongest sporting characters’ traits in our most desired markets. He is fierce and a true fighting champion and his fame is due to his strength, perseverance and character as an athlete. We share the same traits.”

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