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, […]
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 […]
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 […]
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 […]
MiFID II Reporting – DRSPs, APAs, ARMs, CTPs
by Natallia Hunik, Global Head of Sales at Advanced Markets & Fortex, Inc. and Ron Finberg, Head of Business Development at Cappitech. MiFID II has been the focal point of many discussions in the European financial world recently. We have previously focused our attention on several of the main aspects of this upcoming regulation, such […]
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 […]