One of the biggest brokers in Cyprus, FXTM, has announced the availability of a brand new ECN offering targeted towards high net worth individuals. The minimum deposit on FXTM’s Pro Account is 25,000 U.S. dollars or euros and the company states that it will be delivering to clients ECN trading without commissions.
The offering is targeted towards professional traders, institutions and hedge fund managers, a new target group for the Cyprus based brokerage. Spreads on the offering start from zero, raising questions about what the company’s revenue model is if it isn’t receiving commissions on the trades.
GMO Click Revamps FX Neo Solution for Institutional Traders
GMO Click has announced changes to its institutional offering of the FX Neo platform scheduled for October 24th. With the tough margin requirements for retail traders already limiting the risks for brokers, the company has decided to go further and reduce the leverage available to corporate customers to 1:100 from the current level of 1:200.
In its announcement, the Japanese powerhouse cites as causes, the increased robustness of risk management for its clients, which is also beneficial for the brokerage itself. A similar pro-active approach is not typical for the industry, as GMO Click seeks to prevent the occurrence of disasters similar to the January 15th Swiss National Bank surprise.
SaTT Gets Listed on KuCoin and UniswapGo to article >>
Invast Securities Will Launch a New ETFs Service
Another big Japanese player, Invast securities, has announced that it will begin offering a dedicated ETF trading solution on margin. The Tri Auto ETF service will be offering a select set of exchange-traded products (ETFs), essentially delivering a CFDs service based on the pricing of a variety of globally available products.
XTB Adds Shares of Popular Soccer Clubs
Polish brokerage XTB has announced the availability of a new set of shares available for trading by its clients. Popular football clubs are dominating the spectrum with Italian F.C. Roma and Juventus joined by German Borussia Dortmund and British Manchester United.
Depending on the country, a number of traders who have shown interest in sports also expressed the desire to trade the shares of their favorite soccer clubs. In addition, the company will start offering shares of Italian industrial group Salini Impreglio, recently added to the DAX share of a German residential landlord Vonovia and Italian automotive company Brembo.
Hirose Japan Prepares Users for iOS 9 Update
Japanese brokerage Hirose has announced to its clients that it recommends them to refrain from upgrading their iOS devices to the latest version of the software when it goes live later this month.
The brokerage has stated that its trading application may not behave well in the iOS 9 environment and informed its clients that it is working on an update. While no major companies have announced similar measures, iOS updates have caught developers at some major brokers off guard.
The company has also advised its clients that the users of the upcoming new iPhone 6s and 6s Plus might experience some difficulties with the firm’s proprietary mobile trading platform.