Having concluded its second day, the IFXEXPO event in Macau presented by Forex Magnates in conjunction with Conversion Pros has hosted further discussion panels as a continuation of yesterday’s topics of interest. The IFXEXPO is Asia’s largest B2B Forex event, and along with the panel discussions, encompasses presentations and a large group of exhibitors representing companies and organizations from across the industry.
Moderated by social network LetsTalkFX senior executive Jon Vollemaere, the Execution Panel set the day’s events in motion, during which participants discussed matters including how to reduce rejection rates. The consensus was that a major factor in this is colocation and that brokers need to know where their prices are originating from and in which region their liquidity provider is located.
Overall, it was agreed that achieving best execution is a point where opinions can differ. When asked what the important factor is on the subject of execution, it was concluded that a broker should get multiple solutions, have redundancy, and hedge their bets.
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Following the execution panel was a discussion panel on the subject of commodities. Moderated by Stephen Edge, Director of AsiaETrading, the panel went into detail about region-specific aspects in India. The panel considered India to be one of the fastest growing markets as the derivatives are only 15% of the physical level, and MCX trading is available across the nation. There are a considerable number of new exchanges opening in the south east Asian nation, which was certainly a point of discussion. Asia is a producer of commodities and has access to exchanges as they arrive on the scene. It was concluded that the need continues to grow for the region to develop and there is certainly potential for this expansion.
The afternoon’s events included the binary options panel, moderated by Jason Ballor, Founding Partner at Jackavoma Investments Ltd, and subsequently a discussion on 10 important factors to consider when choosing a payment provider. Sarel Tal, AlgoCharge’s CEO conducted this presentation.
Concluding the event was a final panel discussion moderated by Forex Magnates’ Institutional Editor Adil Siddiqui on auto trading vs social trading, and Karin Zalcsberg, founder and CEO of Karinza gave a talk on optimizing revenue in today’s economic environment.
These final events provided the lead up to the closing party, held in McSorley’s Bar at the hotel and was sponsored by TradeNext Global.