One of the remaining open-out-cry trading floors is to close as the electronic trading epidemic spreads across all asset classes. Intercontinental Exchange which acquired the 142 year old New York Cotton Exchange has announced plans to terminate floor trading and switch their entire business to an electronic system by October 2012.
The ICE exchange confirmed that online Options trading has dramatically increased. In April 2011 only 10% of Options were traded on the floor. The ICE Futures U.S. options contracts that will be affected are the sugar No. 11, cotton No. 2, coffee "C", cocoa and frozen concentrated orange juice.
The soft commodities are currently trading at:
US Sugar No.11 (Oct 12) $22.41
US Cotton No.2 (Oct 12) $71.92
US Coffee C (Sep 12) $173.97
Orange Juice (Sep 12) $109.72
ICE offers a variety of futures and options, including energy, agriculture and soft commodities. ICE was ranked 12th among the world's top 30 exchanges in 2011, in terms of volume, according to the Futures Industry Association. The exchange reported 381.1 million contracts traded in 2011, up 15.9% from 328.9 million contracts in 2010, according to the FIA's annual volume survey released in March 2012.
Electronic trading has grown substantially since it was first introduced in the 70’s. Retail FX is a product of simple and easy access to financial markets through the World Wide Web.
Major exchanges which have introduced electronic trading moving away from open outcry include:
• The London Stock Exchange - 1986
• The Borsa Italiana, - 1994
• The Toronto Stock Exchange - 1997
• New York Stock Exchange - 2006
• New York Mercantile Exchange - 2006
Spot FX brokers have been exploring the benefits of FX Options as regulators are restricting Leverage. Forex Magnates team wrote a report on how FX Options operate and the benefits for brokers, available in the Q2 quarterly report.
One of the remaining open-out-cry trading floors is to close as the electronic trading epidemic spreads across all asset classes. Intercontinental Exchange which acquired the 142 year old New York Cotton Exchange has announced plans to terminate floor trading and switch their entire business to an electronic system by October 2012.
The ICE exchange confirmed that online Options trading has dramatically increased. In April 2011 only 10% of Options were traded on the floor. The ICE Futures U.S. options contracts that will be affected are the sugar No. 11, cotton No. 2, coffee "C", cocoa and frozen concentrated orange juice.
The soft commodities are currently trading at:
US Sugar No.11 (Oct 12) $22.41
US Cotton No.2 (Oct 12) $71.92
US Coffee C (Sep 12) $173.97
Orange Juice (Sep 12) $109.72
ICE offers a variety of futures and options, including energy, agriculture and soft commodities. ICE was ranked 12th among the world's top 30 exchanges in 2011, in terms of volume, according to the Futures Industry Association. The exchange reported 381.1 million contracts traded in 2011, up 15.9% from 328.9 million contracts in 2010, according to the FIA's annual volume survey released in March 2012.
Electronic trading has grown substantially since it was first introduced in the 70’s. Retail FX is a product of simple and easy access to financial markets through the World Wide Web.
Major exchanges which have introduced electronic trading moving away from open outcry include:
• The London Stock Exchange - 1986
• The Borsa Italiana, - 1994
• The Toronto Stock Exchange - 1997
• New York Stock Exchange - 2006
• New York Mercantile Exchange - 2006
Spot FX brokers have been exploring the benefits of FX Options as regulators are restricting Leverage. Forex Magnates team wrote a report on how FX Options operate and the benefits for brokers, available in the Q2 quarterly report.
ASX Faces $150M Capital Charge After Scathing Inquiry Finds Years of Neglect
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
