The Archegos story – what FX brokers can learn from it?
The Archegos story sounds awfully familiar to anyone in the financial industry. A well-educated Wall Street professional who started a career at a traditional financial corporation, networked, moved on to launch their own hedge fund, made mistakes (insider trading), paid fines to the SEC (44mln) in 2012, banned by MMT from trading in HK for […]
Would FX Brokerage Be Able To Replicate Coinbase’s IPO Success?
Coinbase Background Coinbase Global, Inc., known as Coinbase, is an American company that offers a cryptocurrency exchange platform and operates remotely – the first company of its kind without an official, physical headquarters. The company was founded in 2012 by Brian Armstrong and Fred Ehrsam from a $150K start up incubator. As of March 2021, […]
FX Hedge Fund Startup Guide
As the world is facing global pandemic fears, investors around the world are still scrambling to figure out how to re-distribute their portfolios to minimize losses and diversify their investments.
2020 FX industry events – make a wise decision on which to attend and how to generated the best ROI!
The upending of our normal daily lives by the Covid-19 virus has removed our ability to interact with industry colleagues during industry events and to share and debate our viewpoints. While the majority of us are staying at home during this pandemic, to help stop the spread of the virus, some event organizers have made […]
The Most Common Mistakes from New Fund Managers
Over the years, I’ve seen it all, the good, the bad and the ugly. I have tried to always keep my clients informed and have helped guide them along the way. There have been a variety of responses, but in the end, my client knows that I am here to help and that I have […]
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 […]
FX Brokerage Owner, What’s Your Exit Strategy?
Planning an exit strategy for your FX brokerage is an important consideration, and one that certainly crosses an entrepreneur’s mind as their business grows and evolves. Given that we currently seem to be in somewhat of a consolidation wave across the industry, this topic has been a popular one behind closed doors, as well as […]
Traders’ Room and CRM for Your FX Brokerage: 101
As with most businesses, the operation of a Retail FX Brokerage involves a lot of moving parts that must be synced together to create an efficient and viable business. These would include Legal (KYC, trading agreements, dispute management, regulatory reporting), Trading Platform Administration and Management, Liquidity and Risk Management Provisions, IB Management, Client Support, and, […]
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 […]