Our editors' favourite stories this week focus on a variety of subjects, including further Brexit consequences.
As another week draws to a close, our editors have chosen another selection of stories that have caught their imagination. With a variety of different interests at heart and recommended reading topics that range from the peculiar to the thought-provoking, each editor takes his turn to enlighten us.
These days it seems that Americans are bitterly divided over everything along a strict and binary political line. But one thing that all of them, and also many around the world, seem to agree on is how corrupt the American establishment has become.
This is the driving force behind the strong insurgent campaigns that would have seemed laughable just a few years ago, such as Bernie Sanders, Donald Trump and even Jill Stein.
The main cause of the public’s anger is the idea of ‘too big to fail’ and ‘too big to jail’, with the powers that be on Wall Street and Washington getting away with anything without any accountability.
As a result, the other side of the coin has been almost completely ignored – how the small businesses were forced to bear the brunt of financial regulations written by and for the big banks.
This is where the documentary movie that the article covers - “Abacus: Small Enough to Jail” - comes in. It is about a family bank that American authorities decided to make an example of.
Whether a defendant is guilty or not is up to the courts to decide, but the documentary shows that if you don’t have the right connections, the system will not protect you with the ridiculous arguments used for the big guys.
A Bloomberg Markets feature sheds light on the numerous alternatives to London when it comes to big banks. With growing uncertainty over the terms of Brexit, the alternative spots to trade FX (pun intended) have grown in numbers and are now extending far beyond Paris and Dublin.
Cities like Amsterdam, Paris and even Warsaw could benefit from new banking jobs…but the question for them is rather, do they want the industry?
Looking at the prospects for a ‘hard Brexit’, the likelihood that banks will have to enact their fallout contingency plans has increased, however the strategy of the UK government has been put into question by the markets.
The British pound just had its worst week since the immediate post-Brexit fallout, a fall that was accompanied by a Flash Crash . With the purchasing power of middle and lower income families in the UK suffering the most, substantial inflation in the UK is lurking around the corner...
Creepy Clowns Yet to Be Seen in the City
I would like to recommend an article far from the financial or tech world which is funny and creepy. It seems like Britain has not been able to find any respite in any way recently. While we focus on the renewed GBP slump, reminding us of Brexit moment, strange things are happening on the streets.
As UK tabloid The Mirror informs its readers, a worrying series of creepy clown sightings is taking place in the UK. The trend first emerged in the US where such incidents have already been witnessed in more than 20 states. Masked figures lurking in the woods and attempting to lure children were first seen in August in South California.
Now it it has spread across the Atlantic and is gaining traction in the UK. As The Mirror states: "The activities reported range from simple sightings of 'clowns' frightening people in passing cars to more sinister incidents where the fancy dress figures have approached schoolchildren."
Back in the UK, it has not been proven that this phenomenon is in any way related to the Brexit or recent GBP weakness. One can, however, wonder how much time it will take until we will see clowns somewhere in the City.
By the way, did we solve the flash-crash mystery yet?
We conclude another week of stories that our editors are reading. Feel free to share your views in the comment section and any recommendations of your own. We look forward to hearing your opinions!
As another week draws to a close, our editors have chosen another selection of stories that have caught their imagination. With a variety of different interests at heart and recommended reading topics that range from the peculiar to the thought-provoking, each editor takes his turn to enlighten us.
These days it seems that Americans are bitterly divided over everything along a strict and binary political line. But one thing that all of them, and also many around the world, seem to agree on is how corrupt the American establishment has become.
This is the driving force behind the strong insurgent campaigns that would have seemed laughable just a few years ago, such as Bernie Sanders, Donald Trump and even Jill Stein.
The main cause of the public’s anger is the idea of ‘too big to fail’ and ‘too big to jail’, with the powers that be on Wall Street and Washington getting away with anything without any accountability.
As a result, the other side of the coin has been almost completely ignored – how the small businesses were forced to bear the brunt of financial regulations written by and for the big banks.
This is where the documentary movie that the article covers - “Abacus: Small Enough to Jail” - comes in. It is about a family bank that American authorities decided to make an example of.
Whether a defendant is guilty or not is up to the courts to decide, but the documentary shows that if you don’t have the right connections, the system will not protect you with the ridiculous arguments used for the big guys.
A Bloomberg Markets feature sheds light on the numerous alternatives to London when it comes to big banks. With growing uncertainty over the terms of Brexit, the alternative spots to trade FX (pun intended) have grown in numbers and are now extending far beyond Paris and Dublin.
Cities like Amsterdam, Paris and even Warsaw could benefit from new banking jobs…but the question for them is rather, do they want the industry?
Looking at the prospects for a ‘hard Brexit’, the likelihood that banks will have to enact their fallout contingency plans has increased, however the strategy of the UK government has been put into question by the markets.
The British pound just had its worst week since the immediate post-Brexit fallout, a fall that was accompanied by a Flash Crash . With the purchasing power of middle and lower income families in the UK suffering the most, substantial inflation in the UK is lurking around the corner...
Creepy Clowns Yet to Be Seen in the City
I would like to recommend an article far from the financial or tech world which is funny and creepy. It seems like Britain has not been able to find any respite in any way recently. While we focus on the renewed GBP slump, reminding us of Brexit moment, strange things are happening on the streets.
As UK tabloid The Mirror informs its readers, a worrying series of creepy clown sightings is taking place in the UK. The trend first emerged in the US where such incidents have already been witnessed in more than 20 states. Masked figures lurking in the woods and attempting to lure children were first seen in August in South California.
Now it it has spread across the Atlantic and is gaining traction in the UK. As The Mirror states: "The activities reported range from simple sightings of 'clowns' frightening people in passing cars to more sinister incidents where the fancy dress figures have approached schoolchildren."
Back in the UK, it has not been proven that this phenomenon is in any way related to the Brexit or recent GBP weakness. One can, however, wonder how much time it will take until we will see clowns somewhere in the City.
By the way, did we solve the flash-crash mystery yet?
We conclude another week of stories that our editors are reading. Feel free to share your views in the comment section and any recommendations of your own. We look forward to hearing your opinions!
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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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!
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
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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
📸 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/
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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:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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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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