Exclusive: Leverate Makes Sirix French Regulations Compliant
- Sirix brokers who wish to enter the French market can now adapt the platform to the AMF's trader protection requirements.
With the current environment in Europe of greater scrutiny by national authorities on trading practices, technology and service providers must increase their focus on regulation compliance in order to protect brokers from a possible crackdown.
Today Finance Magnates can reveal that Leverate, a technology provider specializing in brokerage solutions for the financial services industry, has confirmed that its Sirix Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term is now fully compliant with the French regulatory requirements.
The London Summit 2017 is coming, get involved!
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Among the most challenging rules to adapt to is that Autorité des Marchés Financiers (AMF), the French financial regulatory body, dictates that all new positions must be opened with a stop loss set by the trader, that stop loss being both guaranteed by the broker and unchangeable. The aim is that clients will only be able to lose either less than or exactly what they originally anticipated on every position.
According to Nicc Lewis, Chief Marketing Officer at Leverate: "Our aim is to provide our EU regulated brokers (CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term, FCA, Bafin…) and any other regulated broker the tools they need to enter the French market. It goes without saying that our LXLite clients (those using our license) will also have access to this market. Our Social Trading platform has been compliant with MIFID2 for a while already. Initially for CySec, now for FCA and can be adapted to any EU regulation with ease.
Nicc Lewis
The trend we see is for trader protection. In particular, limiting client losses according to their means. Most of the developments for Social Trading were based on providing a questionnaire from which the system can limit the loss and exposure.
We know that we need to adapt our products to changes in EU regulation. We enable brokers to cross borders in order to expand and we give tools for marketing automation, with Optim8, to optimize conversion and retention on a larger scale. It is a time of transition in the EU and regulation is one factor that is reducing the profit margin per user. Brokers will have to attract more traders from more markets to compensate. Having a combination of a compliant trading platform and marketing automation is the first step – and Leverate is committed to providing these."
With the current environment in Europe of greater scrutiny by national authorities on trading practices, technology and service providers must increase their focus on regulation compliance in order to protect brokers from a possible crackdown.
Today Finance Magnates can reveal that Leverate, a technology provider specializing in brokerage solutions for the financial services industry, has confirmed that its Sirix Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term is now fully compliant with the French regulatory requirements.
The London Summit 2017 is coming, get involved!
[gptAdvertisement]
Among the most challenging rules to adapt to is that Autorité des Marchés Financiers (AMF), the French financial regulatory body, dictates that all new positions must be opened with a stop loss set by the trader, that stop loss being both guaranteed by the broker and unchangeable. The aim is that clients will only be able to lose either less than or exactly what they originally anticipated on every position.
According to Nicc Lewis, Chief Marketing Officer at Leverate: "Our aim is to provide our EU regulated brokers (CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term, FCA, Bafin…) and any other regulated broker the tools they need to enter the French market. It goes without saying that our LXLite clients (those using our license) will also have access to this market. Our Social Trading platform has been compliant with MIFID2 for a while already. Initially for CySec, now for FCA and can be adapted to any EU regulation with ease.
Nicc Lewis
The trend we see is for trader protection. In particular, limiting client losses according to their means. Most of the developments for Social Trading were based on providing a questionnaire from which the system can limit the loss and exposure.
We know that we need to adapt our products to changes in EU regulation. We enable brokers to cross borders in order to expand and we give tools for marketing automation, with Optim8, to optimize conversion and retention on a larger scale. It is a time of transition in the EU and regulation is one factor that is reducing the profit margin per user. Brokers will have to attract more traders from more markets to compensate. Having a combination of a compliant trading platform and marketing automation is the first step – and Leverate is committed to providing these."