Thread: FX Market News

Op Ed:
Where to license your FX brokerage in 2018 -- Stick with the recognized and avoid the



2018 should be annually of quality and sustainability. This is the reason why it's important to avoid the seemingly cheap and simple jurisdictions and to go the complete way and be a part of the premium excellent establishment.





Nowadays reflects the enormous execution of quite a comprehensive infrastructural directive for electronic trading companies whose commercial foundation is at the European Union and Britain, that being the much talked yet scantly known http://financefeeds.com/financefeeds...-full-montage/.

FX brokerages across the planet will, from now, experience an entirely different operational method, chiefly due to their interaction with European companies, and will be subject to specific trade reporting and transparency principles, in addition to a standardization concerning the structure of every sort of company.

The MiFID II directive, although the subject of an extended development period, has come about as a consequence of the rising focus on OTC derivatives and the transparency of their business by regulatory officials at central government, chiefly due to the vast differences between particular regions and many others within the European Union's governmental remit.

With this foundation, it's now an appropriate time to evaluate which regions and FX, digital trading and OTC derivatives centers would be the most desired for establishing and maintaining a sustainable brokerage firm for the entire year ahead, and also to examine the reasons for avoiding certain regions and for picking the very best.

Within the European Union, Cyprus has for the last eight years, been very much the destination of choice, largely due to the kudos which can be projected to customers in non-European regions globally, instilling the placebo-like awareness of safety that they can commit their own, and in some instances their customers funds in a firm that's coordinated with European regulations, and has commonality with Britain's Financial Conduct Authority (FCA) through the'passporting' system yet for the large part, many companies operating in Cyprus, the business methodology differs tremendously from the corporate giants of the world's largest and most respected financial center, London.

London's 30-year established, often publicly recorded multi-asset companies with their own very innovative proprietary trading egies and senior management whose extensive knowledge and comprehension of technology, financial services and global industry conduct sets a norm in refinement and sophistiion, along with their vast market capitalization and largely domestic client bases represent the antithesis of Cyprus' little, easy-come-easy-go MetaTrader 4 established white label brokerages that have no European customers at all and so are operated in the most part by those who have never even set foot inside a large establishment, let alone completed senior executive positions within any of these.



INFO : https://financefeeds.com/op-ed-licen...lished-avoid-/

The FCA, the British margin advantage and MT4 brokerages have never been able to record on public trades



What has owning your own trading system must perform with new margin regulations from the FCA? We explore from London, and look at the why MetaTrader 4 might be a victim of its ubiquity.






The imminent demise of the MetaTrader 4 platform has been met with some surprise, some skepticism and in FinanceFeeds case, more than the usual http://financefeeds.com/platform-mon...s-fx-industry/ regarding the manner the ubiquitous third party platform which overlooks the small to medium retail FX brokerage area has been decommissioned.

The platform issuer might be at its heritage software orientated nadir, however apart from a will to finally move brokerages on the newer (although still barely a spring chicken) MetaTrader 5 platform, there needs to be much more than meets the eye

Until now, MetaQuotes has something of a stranglehold on a market which was largely empowered by its easy-to-set-up third party alternative, which being smaller brokerages in peripheral regions to the main financial centres of the world, whose owners do not want to invest in research and development or in house support, and just need to advertise, and market to retail traders.

Why, with such a monopolistic company environment, would MetaTrader 4 suddenly prepare to shuffle off the electronic coil?



INFO : https://financefeeds.com/fca-british...lic-exchanges/

2018: The year of the law suit! Cyprus-based regulatory and litigation executive explains all



Paul Foley of Cyprus based management consultancy TCG explains the vital considerations of GDPR, MiFID II and how these impinge on regulators and regulated companies in Cyprus and Britain, including a glance at #8216;passporting#8217; with a focus on exposure to possible law suits





In the time of writing we've just seen the implementation of https://financefeeds.com/financefeed...-full-montage/ (Markets in Financial Instruments Directive Part two ) and for a number of the SMEs out there this was not as easy as they'd have enjoyed. These modifiions are typically known well in advance of implementation but for one reason or another a number of companies didn#8217;t value the intricacy of the shift or took a #8216;Wait and watch #8217; attitude.

For a few of those changes a wait and see approach is plausible (although ill-advised) but for others the outcome could be shut down or heavily fined. Why am I speaking about law suits?

The next big change comes into legislation in May and it#8217;s called GDPR (General Data Protection Legislation ). The headline is that this is the replacement for the Data Protection Act, but still doesn#8217;t explain the comment about law suits.

Once we consider loions to run a forex brokerage from or a number of other financial services companies, we are aware there are numerous reasons why Cyprus is the destination of choice and in the main it comes down to the barrier to entry, as in the barrier to entry is a lower here as CySec takes a relatively reasonable approach to licensing. Being CySec regulated does nevertheless still offer the chance to passport into other European countries.



INFO : https://financefeeds.com/2018-year-l...tive-explains/