Switching to Trading FX via a FIX API
FIX API has been a trending phrase amongst Forex professionals for the past decade. The technology has proven to be the fastest and one of the most secure ways to trade in FX. A FIX API is an application programming interface (API) that uses FIX protocol. It connects FX Liquidity makers with takers. In our […]
Why Does Liquidity Differ Between “Prime of Prime’s”?
Recently at an FX conference, a developing fund manager and I crossed paths. After a few polite introductions, I quickly realized that, based on his audited returns, the new fund manager was proficient in trading the FX market. The detailed description of the fund’s fundamental and technical trading strategies was welcoming to hear. After a […]
2018: Short Cuts make Long Delays
2018 was a challenging year for retail FX brokerages with many of them being sold over the counter and others struggling to implement the new rules mandated by regulators. What we can say is that 2018 was first and foremost a year of new regulation. Legal teams have been working hard to structure businesses differently and/or adapt to the new rules. Quiet contrary […]
What to Expect When Moving from Retail to Wholesale (Institutional) FX
I thought it would be useful to compile a short list of the main differences found when trading OTC (over-the-counter) FX with an STP (Straight Through Processing / No Dealing Desk) “Prime of Prime” and a Retail brokerage. The differences can be categorized as follows: – Vetting / Onboarding – Netting vs Hedging – Deposits […]
How to Get an LEI Number if You Don’t Have a LOU (Local Operating Unit) in Your Country
The global push for greater transparency in financial markets continues to gain traction with top tier regulators now requiring that all entities, engaged in trading financial markets, report their LEI (Legal Entity Identifier) number to regulatory repositories. In the European Union, this process started as of January 3rd, 2018 as per MIFID 2. In Australia, […]
Who Are the Real Beneficiaries of MIFID 2?
I’m sure there aren’t many industry peers who have managed to escape the MIFID 2 avalanche this past year and, perhaps only the frenzy surrounding crypto currencies, ICO and Bitcoin comes close to the boiling hot MIFID 2 topic in 2017. For the better half of 2017, brokers and trading firms, falling under the reach […]
MiFID 2: Are You a High Frequency Trader?
As January 3, 2018 approaches, FX industry participants are busy reading through the new financial laws of “Markets in Financial Instruments Directive” (MiFID 2) in an attempt to understand how these will affect them going forward. Originally, MiFID was created following the 2008 financial crisis in an effort to standardize the regulatory disclosures for particular […]
5 Ways To Hack FX Advertising in China
From social media strategy to content creation, what are the steps to take to reach the 1.4 billion-people Chinese market? Penguin Intelligence, a research agency subsidy of Tencent, recently reported that as of Q4 2016, there were 889 million active users monthly. People are spending, on average, 66 minutes each day on WeChat with 57.22% […]
What is the Best MAM System for MT4 / MT5?
MAM is an acronym for Multi Account Manager, a plugin originally designed for the Meta Trader 4 Platform to allow the proportional (or any set) profit and loss distribution from Fund Manager (or Master) to Investors (or Sub Accounts). The Master Account serves as the primary (and the only real) trading account, and sub accounts […]
Top 5 Most Useful MT4 / MT5 Bridge Features
The MetaTrader 4 Bridge is one of the most popular add-ons for MT4 Servers. It was created in early 2000 and, ever since then, there have been many rumors as to who actually developed the first commercial version (of course, many industry veterans know the name). MetaTrader 5 bridges are now beginning to emerge, and […]