The challenges at INFINOX and BDSwiss were different. Both were business transformation / change management, but in different ways. BDSwiss needed to capitalise on its position in Europe, and you can see on Google Trends what the results were in that period. INFINOX had the opportunity to change its corporate structure and enter China, and needed a different technology base to achieve those goals. INFINOX’s annual returns show the level of success.
What are your goals for the company over the next few years?
The regulatory landscape for China and EU-facing companies is changing every day. In both cases, the shift towards forex from other forms of trading has been significant.
Cuboid Logic provides FCA/CySEC regulated products, targeting ease of use and convenience for retail traders.
That fits in well for MT4 brokers that either have not entered binary options, or are in the process of exiting from binary options.
Cuboid Logic delivers easy-to-use cutting-edge trading technology through its partners, ensuring convenient trading through a graphical browser interface.
What do regulated brokers think about the new requirements (bonuses elimination, leverage cap) and how is your firm affected by them?
The leverage cap was a step that many leading brokerages anticipated, and can be managed. Cuboid Logic’s products currently do not include leverage.
Bonuses have been a useful retention tool for many brokers, but most leading brokers seem to not be dependent on bonuses to ensure client retention. Discounts and bonuses are typically not needed for large or institutional traders.
How do you view the current state of the industry?
Digital technologies have disrupted the financial markets significantly within the last decade. We expect this trend to evolve exponentially in the nearest years. We see that there is a market demand that pushes brokers to provide more advanced and more user-friendly trading tools. And brokers need to ensure reliable Risk Management strategies and adhering to the regulations. And this all comes when the clients are calling for utmost learning options that are presented in the format they prefer, within the correct timing. So it’s a good thing for the industry. Lots to do.
As regulatory pressure mounts on FX brokers within the EU, are brokers looking for new markets to expand to?
Brokers always look actively at new products and markets. At each point in time, there are 5 things any broker will be doing:
Evaluating total available markets
Selecting target segments
Refining and building products
Benchmarking performance
Executing the above plan
All of the above change due to many factors, meaning that supple brokers that adapt investments/costs in a timely manner are the brokers that survive, and indeed thrive.
What do you think sets you apart from the competition?
Cuboid Logic is a lean provider of software and services to the forex industry.
The focus is on a narrow set of FCA-compliant products, with graphical user interfaces that are easy and convenient for investors. The intent is to enable traders to focus on assets, not the tools.
Peter Karsten is the CEO of financial software developer Cuboid Logic. He sat down with Finance Magnates for an exclusive interview.
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Please tell about yourself and how you reached your current role
Prior to Cuboid Logic, I was Commercial Director at INFINOX and CEO of BDSwiss, where I focused on business growth and expanding the markets.
Cuboid Logic serves both INFINOX and BDSwiss, so there is a strong link to both brokers.
The challenges at INFINOX and BDSwiss were different. Both were business transformation / change management, but in different ways. BDSwiss needed to capitalise on its position in Europe, and you can see on Google Trends what the results were in that period. INFINOX had the opportunity to change its corporate structure and enter China, and needed a different technology base to achieve those goals. INFINOX’s annual returns show the level of success.
What are your goals for the company over the next few years?
The regulatory landscape for China and EU-facing companies is changing every day. In both cases, the shift towards forex from other forms of trading has been significant.
Cuboid Logic provides FCA/CySEC regulated products, targeting ease of use and convenience for retail traders.
That fits in well for MT4 brokers that either have not entered binary options, or are in the process of exiting from binary options.
Cuboid Logic delivers easy-to-use cutting-edge trading technology through its partners, ensuring convenient trading through a graphical browser interface.
What do regulated brokers think about the new requirements (bonuses elimination, leverage cap) and how is your firm affected by them?
The leverage cap was a step that many leading brokerages anticipated, and can be managed. Cuboid Logic’s products currently do not include leverage.
Bonuses have been a useful retention tool for many brokers, but most leading brokers seem to not be dependent on bonuses to ensure client retention. Discounts and bonuses are typically not needed for large or institutional traders.
How do you view the current state of the industry?
Digital technologies have disrupted the financial markets significantly within the last decade. We expect this trend to evolve exponentially in the nearest years. We see that there is a market demand that pushes brokers to provide more advanced and more user-friendly trading tools. And brokers need to ensure reliable Risk Management strategies and adhering to the regulations. And this all comes when the clients are calling for utmost learning options that are presented in the format they prefer, within the correct timing. So it’s a good thing for the industry. Lots to do.
As regulatory pressure mounts on FX brokers within the EU, are brokers looking for new markets to expand to?
Brokers always look actively at new products and markets. At each point in time, there are 5 things any broker will be doing:
Evaluating total available markets
Selecting target segments
Refining and building products
Benchmarking performance
Executing the above plan
All of the above change due to many factors, meaning that supple brokers that adapt investments/costs in a timely manner are the brokers that survive, and indeed thrive.
What do you think sets you apart from the competition?
Cuboid Logic is a lean provider of software and services to the forex industry.
The focus is on a narrow set of FCA-compliant products, with graphical user interfaces that are easy and convenient for investors. The intent is to enable traders to focus on assets, not the tools.
XTB Acquires ISA License in The UK, New Products Planned for Autumn
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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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:
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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
📣 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/
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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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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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