Trump, Brexit and Fines Galore - Best Stories of the Week
- FXCM, MetaQuotes and Alpari are among the companies that appeared in last week's top stories.
During the passing week the most interesting stories from the online trading world included firms' precautionary measures ahead of possible major economic shifts, new ventures and a coming crackdown on international binary options in Israel.
The Russian Connection
On Monday it was reported that MetaQuotes Software Corp has integrated the liquidity capabilities of Alpari for its MetaTrader 5 platform, which will help its institutional clientele.
Alexander Novodvorsky, COO of Alpari, said: “Alpari and MetaQuotes Software Corp. have long been in partnership, as part of which Alpari was the first broker in the world to introduce to their clients the updated MetaTrader 5 platform with the hedging option.”
Regulatory Roundup
On Tuesday we reported that the Turkish 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 broker Venbey Yatırım was fined over $113,000 after an on-site inspection by the local authorities.
We also learned on the same day that the CEO of CWM, Anthony Constantinou, is facing jail time over sexual assault allegations according to a number of media reports in the UK press.
Additionally this week FXCM Asia was fined over $500,000 by Hong Kong market authorities for past violations and the broker will have to shell out an additional $1.45 million in restitution to affected clients.
Ready for President Trump?
On Wednesday Finance Magnates reported that some key brokerage firms have already begun raising their margin requirements, mostly on US stocks and indices, ahead of the US Presidential election on November 8, 2016.
On the same day ETX Capital launched a new US Election News Sentiment Index to help better predict what the final electoral result will be using big data and Natural Language Processing technologies.
All of this is done so that brokers and traders won't find themselves as surprised as they were following the Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term vote whose ramifications are only starting come to light. For example, this week the LMAX Exchange announced that it will look for a regulatory license in Ireland, should the UK fail to preserve EU market access.
Israeli Binary Options Services Providers Targeted
On Thursday we reported that regulators in Israel are no longer satisfied with only restricting access to Israeli citizens and now wish to completely prevent the operations of international firms in the country.
Finance Magnates sources in the industry have also confirmed that European regulators have been pressuring the ISA to take action against call centers operating out of Israel.
FX Deposits Index
On Friday a new report from Finance Magnates Intelligence Department revealed an interesting comparison between established and new markets with regard to forex deposits.
While more developed countries make up the majority of the top ten for deposits-per-GDP at FX brokerages, with six entries, some emerging markets have performed very strongly relative to their economy, most notably South Africa.
During the passing week the most interesting stories from the online trading world included firms' precautionary measures ahead of possible major economic shifts, new ventures and a coming crackdown on international binary options in Israel.
The Russian Connection
On Monday it was reported that MetaQuotes Software Corp has integrated the liquidity capabilities of Alpari for its MetaTrader 5 platform, which will help its institutional clientele.
Alexander Novodvorsky, COO of Alpari, said: “Alpari and MetaQuotes Software Corp. have long been in partnership, as part of which Alpari was the first broker in the world to introduce to their clients the updated MetaTrader 5 platform with the hedging option.”
Regulatory Roundup
On Tuesday we reported that the Turkish 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 broker Venbey Yatırım was fined over $113,000 after an on-site inspection by the local authorities.
We also learned on the same day that the CEO of CWM, Anthony Constantinou, is facing jail time over sexual assault allegations according to a number of media reports in the UK press.
Additionally this week FXCM Asia was fined over $500,000 by Hong Kong market authorities for past violations and the broker will have to shell out an additional $1.45 million in restitution to affected clients.
Ready for President Trump?
On Wednesday Finance Magnates reported that some key brokerage firms have already begun raising their margin requirements, mostly on US stocks and indices, ahead of the US Presidential election on November 8, 2016.
On the same day ETX Capital launched a new US Election News Sentiment Index to help better predict what the final electoral result will be using big data and Natural Language Processing technologies.
All of this is done so that brokers and traders won't find themselves as surprised as they were following the Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term vote whose ramifications are only starting come to light. For example, this week the LMAX Exchange announced that it will look for a regulatory license in Ireland, should the UK fail to preserve EU market access.
Israeli Binary Options Services Providers Targeted
On Thursday we reported that regulators in Israel are no longer satisfied with only restricting access to Israeli citizens and now wish to completely prevent the operations of international firms in the country.
Finance Magnates sources in the industry have also confirmed that European regulators have been pressuring the ISA to take action against call centers operating out of Israel.
FX Deposits Index
On Friday a new report from Finance Magnates Intelligence Department revealed an interesting comparison between established and new markets with regard to forex deposits.
While more developed countries make up the majority of the top ten for deposits-per-GDP at FX brokerages, with six entries, some emerging markets have performed very strongly relative to their economy, most notably South Africa.