Ex-Saxo Bank Executive Launches Advisory Services Company For FX and CFD Firms
by
Andrew Saks McLeod
Consultancy firms aiming their services at the FX, CFD and binary options industry are relatively sparse, particularly in Europe. Today, Danish firm FXBtoB is established by Patrick Mortensen to help firms steer their business.
Professional services consultancy services are largely notable by their scarcity in the FX industry as a whole. Whilst there are some law firms which concentrate on the establishment of retail FX and binary options companies, and offer services which assist with regulatory compliance, a consultative framework is not commonplace.
Today, Patrick Mortensen, formerly of Saxo Bank, announced his establishment of FXBtoB, a new consultancy company, the services of which include assisting B2B service providers position their business towards brokers, and support companies who are looking to enter or improve their offering within the Institutional FX, Retail FX, CFD and Binary Options market.
Attendees to the iFXEXPO in Cyprus this year will have been party to a short preview of this from Mr. Mortensen during a speech which he delivered on day two of the conference detailing what he termed the "A-Z Solution Open A Brokerage".
An International Perspective
Mr. Mortensen, an industry executive who previously held the position of Head of Institutional Marketing & Institutional Business at Saxo Bank recognizes that the market for advisory services is currently dominated by a few US based firms, and as a result believes that there is certainly a need for such consultancy in Europe, offered by a firm with a European background.
The rationale behind the launch of the new firm according to Mr. Mortensen is that “with FXBtoB we aim to provide high quality value based advisory services. The ability for new and existing brokers to navigate through the number of providers for both core- and ancillary FX/CFD services is becoming more time consuming and complex.”
“At the same time it is becoming increasingly difficult to sell services to brokers that are often seeing an overall compression on margins. We are looking to Bridge that gap to provide value added services from both ends of the table” he said.
Enterprise Consultancy
FXBtoB will initially focus on three areas: broker start-up services, broker improvement services, and B2B marketing services.
“Many trading records have been broken in the first six months of 2013” explained Mr. Mortensen with regard to the market conditions for launching new FX brokerages and firms which offer ancillary services.
“When it comes to volume and executed trades and we’ve already been approached by companies who want advice on how to start-up new brokerages.”
“There are many opportunities right now and both employees within the industry who are looking to branch out and start-up their own broker, as well as companies who want to expand into Europe, Africa and the Middle East are attracted by the Leverage possibilities and number of derivative based products that can be offered through a European license” he concluded.
Although the consultancy’s launch is effective today, FXBtoB will be present at this week’s ForexMagnates Summit in Tokyo as part of the official launch.
Professional services consultancy services are largely notable by their scarcity in the FX industry as a whole. Whilst there are some law firms which concentrate on the establishment of retail FX and binary options companies, and offer services which assist with regulatory compliance, a consultative framework is not commonplace.
Today, Patrick Mortensen, formerly of Saxo Bank, announced his establishment of FXBtoB, a new consultancy company, the services of which include assisting B2B service providers position their business towards brokers, and support companies who are looking to enter or improve their offering within the Institutional FX, Retail FX, CFD and Binary Options market.
Attendees to the iFXEXPO in Cyprus this year will have been party to a short preview of this from Mr. Mortensen during a speech which he delivered on day two of the conference detailing what he termed the "A-Z Solution Open A Brokerage".
An International Perspective
Mr. Mortensen, an industry executive who previously held the position of Head of Institutional Marketing & Institutional Business at Saxo Bank recognizes that the market for advisory services is currently dominated by a few US based firms, and as a result believes that there is certainly a need for such consultancy in Europe, offered by a firm with a European background.
The rationale behind the launch of the new firm according to Mr. Mortensen is that “with FXBtoB we aim to provide high quality value based advisory services. The ability for new and existing brokers to navigate through the number of providers for both core- and ancillary FX/CFD services is becoming more time consuming and complex.”
“At the same time it is becoming increasingly difficult to sell services to brokers that are often seeing an overall compression on margins. We are looking to Bridge that gap to provide value added services from both ends of the table” he said.
Enterprise Consultancy
FXBtoB will initially focus on three areas: broker start-up services, broker improvement services, and B2B marketing services.
“Many trading records have been broken in the first six months of 2013” explained Mr. Mortensen with regard to the market conditions for launching new FX brokerages and firms which offer ancillary services.
“When it comes to volume and executed trades and we’ve already been approached by companies who want advice on how to start-up new brokerages.”
“There are many opportunities right now and both employees within the industry who are looking to branch out and start-up their own broker, as well as companies who want to expand into Europe, Africa and the Middle East are attracted by the Leverage possibilities and number of derivative based products that can be offered through a European license” he concluded.
Although the consultancy’s launch is effective today, FXBtoB will be present at this week’s ForexMagnates Summit in Tokyo as part of the official launch.
FCA Approval Expands Stratiphy's Retail Offerings with Customized Portfolios
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.
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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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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.
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#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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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
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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
📣 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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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.
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