U.K. to Allow Companies to Test Driverless Cars on Motorways
Friday,11/03/2016|22:01GMTby
Bloomberg News
Chancellor of the Exchequer George Osborne will give the green light for driverless cars to be tested on U.K....
Chancellor of the Exchequer George Osborne will give the green light for driverless cars to be tested on U.K. motorways, helping to make the technology available to consumers by the end of the decade.
The government also aims to remove regulatory barriers so that driverless cars can be used on British roads within the current parliamentary term, the Treasury said in a statement on Saturday. Trials will be held on local roads this year, with test drives allowed on motorways and strategic roads for the first time in 2017.
“At a time of great uncertainty in the global economy, Britain must take bold decisions now to ensure it Leads the world when it comes to new technologies and infrastructure,” Osborne said in a statement. “Driverless cars could represent the most fundamental change to transport since the invention of the internal combustion engine.”
As automakers from Mercedes-Benz to BMW AG jostle to get driverless cars ready for the road, Osborne is hoping the announcement in Wednesday’s Budget will help Britain tap into a global market forecast to be worth 900 billion pounds ($1.3 trillion) by 2025.
Investment Sought
While tests have already been carried out in the U.S. and Germany, motorway trials are still in their infancy. The U.K. trials, which will be designed to ensure the cars’ safety, will help attract investment and enable manufacturers to bring new technologies closer to the point at which they can be sold. Germany announced earlier this year it’s planning a driverless-car pilot project on a portion of the A9 autobahn, the north-south artery that connects Munich and Berlin.
Automakers are already competing for the top spot in driverless innovation. While Google Inc.’s self-piloting cars continue to clock up miles on California roads, BMW said this month it’s working on the BMW Vision Next 100, a car that includes an interactive windshield that can warn of bicycles, pedestrians or other road obstacles even if they’re blocked from human view.
Mercedes earlier this year showed a self-driving luxury concept called the F015, complete with swivel seats to enable driver and passenger to face each other for a chat. And last year, Audi sent an unmanned RS7 down a track at racing speeds.
In the U.K., Nissan Motor Co Ltd. said it will make its first mass-market driverless car in the northeast, at its Sunderland plant, while Jaguar Land Rover Ltd. plans to test its autonomous and connected vehicle technology on West Midlands roads this year.
Highways England will run the U.K. motorway trials and be responsible for safety. It is expected that individual lanes will be closed for the trials, though roads will remain open.
To contact the reporter on this story: Svenja O'Donnell in London at sodonnell@bloomberg.net. To contact the editors responsible for this story: Alan Crawford at acrawford6@bloomberg.net, Andrew Atkinson, Fergal O'Brien
Chancellor of the Exchequer George Osborne will give the green light for driverless cars to be tested on U.K. motorways, helping to make the technology available to consumers by the end of the decade.
The government also aims to remove regulatory barriers so that driverless cars can be used on British roads within the current parliamentary term, the Treasury said in a statement on Saturday. Trials will be held on local roads this year, with test drives allowed on motorways and strategic roads for the first time in 2017.
“At a time of great uncertainty in the global economy, Britain must take bold decisions now to ensure it Leads the world when it comes to new technologies and infrastructure,” Osborne said in a statement. “Driverless cars could represent the most fundamental change to transport since the invention of the internal combustion engine.”
As automakers from Mercedes-Benz to BMW AG jostle to get driverless cars ready for the road, Osborne is hoping the announcement in Wednesday’s Budget will help Britain tap into a global market forecast to be worth 900 billion pounds ($1.3 trillion) by 2025.
Investment Sought
While tests have already been carried out in the U.S. and Germany, motorway trials are still in their infancy. The U.K. trials, which will be designed to ensure the cars’ safety, will help attract investment and enable manufacturers to bring new technologies closer to the point at which they can be sold. Germany announced earlier this year it’s planning a driverless-car pilot project on a portion of the A9 autobahn, the north-south artery that connects Munich and Berlin.
Automakers are already competing for the top spot in driverless innovation. While Google Inc.’s self-piloting cars continue to clock up miles on California roads, BMW said this month it’s working on the BMW Vision Next 100, a car that includes an interactive windshield that can warn of bicycles, pedestrians or other road obstacles even if they’re blocked from human view.
Mercedes earlier this year showed a self-driving luxury concept called the F015, complete with swivel seats to enable driver and passenger to face each other for a chat. And last year, Audi sent an unmanned RS7 down a track at racing speeds.
In the U.K., Nissan Motor Co Ltd. said it will make its first mass-market driverless car in the northeast, at its Sunderland plant, while Jaguar Land Rover Ltd. plans to test its autonomous and connected vehicle technology on West Midlands roads this year.
Highways England will run the U.K. motorway trials and be responsible for safety. It is expected that individual lanes will be closed for the trials, though roads will remain open.
To contact the reporter on this story: Svenja O'Donnell in London at sodonnell@bloomberg.net. To contact the editors responsible for this story: Alan Crawford at acrawford6@bloomberg.net, Andrew Atkinson, Fergal O'Brien
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CMC Markets’ Artur Delijergijevs on Metals Demand, Volatility, & Stable Execution
In this exclusive Executive Interview, Finance Magnates speaks with Artur Delijergijevs, Head of Systematic Market Making at CMC Markets, about the current state of metals demand and market volatility.
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- The Safe-Haven Debate: Questioning whether gold still fits the classic safe-haven definition given large daily price movements.
- Volatile Market Prep: How a market-making desk prepares its systems and pricing for stressed market conditions and high-impact economic events.
- Hybrid Execution: Why the best execution model combines electronic speed with human relationship support, especially during volatility.
- AI in Workflow: Where CMC Markets is integrating machine learning for risk management and pricing, and the limitations of AI during stressed markets.
- Dubai's Role: The strategic importance of Dubai’s location for covering global trading sessions across Asia, Europe, and the US.
Watch to understand how CMC Markets maintains stable pricing and reliable execution quality in high-volatility environments.
#CMCmarkets #forex #metals #gold #trading #volatility #MarketMaking #iFXDubai #FinanceMagnates #Finance #Fintech #Execution #AlgorithmicTrading #RiskManagement
In this exclusive Executive Interview, Finance Magnates speaks with Artur Delijergijevs, Head of Systematic Market Making at CMC Markets, about the current state of metals demand and market volatility.
Delijergijevs offers a desk-level view on:
- Metals Demand: Why metals are seeing the strongest demand from both retail and institutional clients right now.
- The Safe-Haven Debate: Questioning whether gold still fits the classic safe-haven definition given large daily price movements.
- Volatile Market Prep: How a market-making desk prepares its systems and pricing for stressed market conditions and high-impact economic events.
- Hybrid Execution: Why the best execution model combines electronic speed with human relationship support, especially during volatility.
- AI in Workflow: Where CMC Markets is integrating machine learning for risk management and pricing, and the limitations of AI during stressed markets.
- Dubai's Role: The strategic importance of Dubai’s location for covering global trading sessions across Asia, Europe, and the US.
Watch to understand how CMC Markets maintains stable pricing and reliable execution quality in high-volatility environments.
#CMCmarkets #forex #metals #gold #trading #volatility #MarketMaking #iFXDubai #FinanceMagnates #Finance #Fintech #Execution #AlgorithmicTrading #RiskManagement
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Finance Magnates Awards 2026 – Nominations Now Open
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
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In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
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#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech