Santiago Sets Scene For Today's Latin American Forex Industry Conference

Whilst North America enjoys a tradition of a highly organized and advanced financial markets economy, including a world-leading institutional FX industry, south of the equator lies an entire continent within which a rapidly expanding appetite for FX is underway.

Today, Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates in conjunction with Shift Forex and ConversionPros, is Hosting Hosting Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Read this Term the Forex Industry Conference (FXIC) in Chile's capital city, Santiago.

Latin America Garners Worldwide Interest

The FXIC conference will welcome senior industry figures from within a wealth of organizations including banks, FX brokers from around the world, technology providers, innovators, portfolio managers and economists, who will engage in structured discussion surrounding the burning issues within Latin America's highly energized FX industry.

Welcome Event Gives Way To Networking And Discussion

Delegates and attendees arrived in Santiago yesterday evening, and were welcomed to the FXIC with a precursory cocktail reception at the prestigious Whiskey Blue restaurant, which is integral to the FXIC's hosting venue, Santiago's W Hotel.

This morning, the proceedings will commence after breakfast with an introductory commentary, leading on to the first discussion panel of the event, in which all aspects relating to the type of customers who FX participants in Latin America face, and the question that will be posed is "Who is the Customer in Latin America?"

Bitcoin Workshop Steps Up Discussion On Crypto-Currency

Subsequent to this hour-long panel, delegates will adjourn for lunch, after which the focus will switch to Bitcoin, a subject of extreme polarizing opinions between users, crypto-currency advocates and government officials.

Argentina, a prominent South American nation, has a highly educated population which has embraced Bitcoin as a means of safeguard against stringent capital control laws and the government's outlawing of US dollar transactions within the nation. As a result of this, Bitcoin has enjoyed soaring values in Argentina, which during the summer of this year escalated to over 30% higher than values in neighboring Uruguay.

Adam Stradling, Founder and CEO at Coin4ce.com, a Chile-based Bitcoin company will be present. Coin4ce has been admitted into Start-Up Chile, a Chilean technology incubator, demonstrating the region's interest in such innovation.

Today's Bitcoin workshop at FXIC steps up the pace, bringing the discussion to the attention of senior FX industry figures and bank executives, as well as those with a vested interest in technology, representing a level up from the smaller scale meetups which have gained popularity in South America this year.

Platform Diversity South Of The Equator

Technological preferences often vary according to region, and the FXIC intends to fully explore South America's preferences for platform and technology solutions.

With delegates including Luis Simoes Pereira, Managing Director of Saxo Capital Markets, Agente de Valores, a broker of the Saxo Bank Group established in Uruguay, and Dukascopy Bank's Head of Institutional Sales Luis Sanchez among the audience, the discussion will no doubt interest executives representing firms with in-house platforms as well as those who offer a third-party solution.

Jakob Zablocki, Managing Director at X Financial Solutions, the company which developed the X Open Hub trading environment, and Leverate's Head of Sales, Yosef Kaplan are among the list of high-caliber speakers who represent the plethora of technology providers keen to discuss the most effective method of approaching a South American audience.

Products available within South America's FX market will be a major subject for debate during the first panel of the afternoon, alongside the detailed debate relating to platform preferences in the region.

A 30-minute keynote address leads the FXIC onto the final panel discussion of the day, centered on technology, subsequent to which the delegates will retire to a post-conference reception in the late afternoon, in order to further network among each other and reflect on the hot topics which arose during the action-packed day.

Forex Magnates will provide a further report on the FXIC as the event progresses.