Ahead of his London Summit 2016 appearance, Swissquote's CEO talks about the SNB crisis and Brexit uncertainties.
The Finance Magnates London Summit is almost here and many of the event’s most distinguished participants and speakers have been providing readers with their unique insights on the broader financial market. In this interview Marc Bürki, the CEO of Swissquote, lends his perspective on the current state of the financial services industry and more.
1. What is your position and what does your role entail?
I am the CEO of the Bank and the Group. Swissquote Bank parent company is listed on the Swiss Stock Exchange (SIX). So on top of managing the bank there are many tasks linked to the public nature of the group.
2. What was the single most important event or development the market saw in 2016?
The major event on the market this year was definitely the Brexit referendum in June. We saw extreme volatility on our systems as the British people decided to leave the European Union. This unexpected decision raised additional uncertainty on the market, on top of the concerns linked to the Fed and ECB monetary actions to reflate worldwide growth.
3. What are the biggest challenges that the FX trading community is facing? How do they affect your field?
I think that the biggest challenge nowadays in the FX brokerage community is the access to Liquidity . Indeed, credit is the oxygen on the FX market and since the global financial crisis, we saw market rules changing for tighter regulation and conditions.
The SNB move in January 2015 has finalized the industry's mutation
The Basel III reforms adopted in 2010 forced prime brokers to revise their credit allocations policies towards certain segments of clients, such as retail brokers, small/medium banks and hedge funds.
The Swiss National Bank decision in January 2015 regarding the EUR/CHF peg finalized this mutation on the industry as PBs are now more reluctant than ever when it comes to providing liquidity to small and emerging business players.
This clearly modified the market structure and participated in the birth of what we call now prime of prime.
4. What is the main message you’d like to convey to London Summit delegates?
In a regulatory environment which is becoming increasingly stringent, especially in the FX industry, we tell our clients that it is now more important than ever to partner with a solid, regulated and reliable banking institution which can provide a significant counterparty to mitigate markets and business risks, as well as leading-edge technology to answer modern finance practices.
Marc Bürki will participate in the CEO panel at London Summit 2016, held on November 15th. Learn more about the agenda here
The Finance Magnates London Summit is almost here and many of the event’s most distinguished participants and speakers have been providing readers with their unique insights on the broader financial market. In this interview Marc Bürki, the CEO of Swissquote, lends his perspective on the current state of the financial services industry and more.
1. What is your position and what does your role entail?
I am the CEO of the Bank and the Group. Swissquote Bank parent company is listed on the Swiss Stock Exchange (SIX). So on top of managing the bank there are many tasks linked to the public nature of the group.
2. What was the single most important event or development the market saw in 2016?
The major event on the market this year was definitely the Brexit referendum in June. We saw extreme volatility on our systems as the British people decided to leave the European Union. This unexpected decision raised additional uncertainty on the market, on top of the concerns linked to the Fed and ECB monetary actions to reflate worldwide growth.
3. What are the biggest challenges that the FX trading community is facing? How do they affect your field?
I think that the biggest challenge nowadays in the FX brokerage community is the access to Liquidity . Indeed, credit is the oxygen on the FX market and since the global financial crisis, we saw market rules changing for tighter regulation and conditions.
The SNB move in January 2015 has finalized the industry's mutation
The Basel III reforms adopted in 2010 forced prime brokers to revise their credit allocations policies towards certain segments of clients, such as retail brokers, small/medium banks and hedge funds.
The Swiss National Bank decision in January 2015 regarding the EUR/CHF peg finalized this mutation on the industry as PBs are now more reluctant than ever when it comes to providing liquidity to small and emerging business players.
This clearly modified the market structure and participated in the birth of what we call now prime of prime.
4. What is the main message you’d like to convey to London Summit delegates?
In a regulatory environment which is becoming increasingly stringent, especially in the FX industry, we tell our clients that it is now more important than ever to partner with a solid, regulated and reliable banking institution which can provide a significant counterparty to mitigate markets and business risks, as well as leading-edge technology to answer modern finance practices.
Marc Bürki will participate in the CEO panel at London Summit 2016, held on November 15th. Learn more about the agenda here
Cheetah Fund Investors Lose $9 Million in Alleged Fraudulent Scheme
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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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
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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
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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:
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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:
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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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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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