FCA-regulated FX broker and part of LMAX Exchange Group, LMAX Global, has just announced that CySEC has formally approved its application for a purchase of Cyprus-regulated broker CB Capital Business ltd. Once complete, the deal will allow LMAX Global to build out and better serve its Southern European, Cypriot and Middle Eastern institutional and intermediary client-base. Commenting on the acquisition, David Mercer, Chief Executive of LMAX Exchange Group, said: This acquisition is an important step for us as we look to expand our institutional client offering across Southern Europe, the Middle East and further afield. As our Asia and US-based businesses continue to thrive, it was clear that Southern Europe and the Middle East should be the next areas of focus for us in terms of growth. This deal ensures that following the Brexit outcome our services will remain unaffected, whilst giving us the ability to serve clients in new established markets. We look forward both to improving our current institutional offering, as well as connecting with new businesses in the region. Currently, LMAX Exchange Group services clients in over 100 countries from its eleven offices in the UK, US, EU and throughout Asia Pacific. David Mercer added: We fully expect controlled extension of our international footprint in the years ahead in line with our exceptional growth making us one of the most efficient FX operators in the industry.
FXCM a leading international provider of online foreign exchange trading, CFD trading, bitcoin and related services, today announced the introduction of foreign exchange baskets to its retail customers. A foreign exchange or forex basket is comprised of a mix of several currencies, each initially starting with the same equivalent value. It allows traders to buy or sell a base currency, e.g. USD, against a basket of multiple currencies. The value of the basket will be determined by how the base currency performs vs the other currencies in the basket, since the time of the basket’s inception. FXCM customers in all global regions, including the UK, Australia and South Africa, will initially be able to trade three different baskets: The Dollar Index Basket, The Yen Index Basket The Emerging Markets Index Basket. The Dollar Index basket reflects the change in value of the US dollar and is measured against a basket of major, highly-liquid currencies: the British pound (GBP), Euro (EUR), Japanese yen (JPY) and Australian dollar (AUD). The Yen Index acts as a Japanese benchmark and is designed to reflect the change in value of the Japanese yen against the Australian dollar (AUD) British pound (GBP), Euro (EUR) and Canadian dollar (CAD). The Emerging Markets Index is designed to reflect the value of the USD against the Chinese Renminbi (CNY), Mexican Peso (MXN), Turkish Lira (TRY) and South African Rand (ZAR). Brendan Callan, CEO of FXCM, commented: “Our customers typically trade different currencies at the same time to broaden their portfolio, diversify risk or hedge an existing position. Trading a basket of currencies offers them an efficient way to trade against multiple currencies. This reduces the risk of exposure or adverse movements in a single currency and lowers trade costs.”
Alpari has launched a live chat feature in the Alpari Mobile and Alpari Invest apps, allowing clients to receive support from our company specialists and resolve any issues 24 hours a day, 5 days a week. Alpari's specialist can also be reached on Viber, Telegram, and Facebook Messenger to get in touch with the company. Alpari has three mobile apps in its product line: Alpari Invest, Alpari Fix-Contracts, and Alpari Mobile. Given their impressive growth across international markets in recent times, they are continuing to actively work on improving the quality of these services. Across these apps available on both iOS and Android devices, clients can find the most complete and up-to-date information on Alpari’s investment products and services. The company's apps are: Alpari Invest Alpari Fix-Contracts Alpari Mobile
Advanced Markets Group, the leading institutional multi-asset liquidity and true prime-of-prime service provider, announced the addition of cryptocurrency CFDs to their expansive suite of tradeable products. Our firm now offers CFD trading in Bitcoin, Bitcoin Cash, Ether, Ripple, EOS, NEO, Stellar and Litecoin, providing clients with direct access to diverse and exciting new markets. Interest in the cryptocurrency markets, and the use of Blockchain technology in general, has exploded in recent years. What was originally perceived as a short-lived fad, has proved itself to be a viable alternative to the more established markets. We are convinced that these additional CFDs are valuable for our clients. “The cryptocurrency market has had its up and downs, but it’s certainly emerging as an asset class on a global arena. Despite uncertainty surrounding the outlook for many of the cryptocurrencies, we see a growing adoption of crypto by both retail and institutional investors, proving that it has the merits to exist” commented Natallia Hunik, Advanced Markets’ Global Head of Sales. “We are proud to start offering crypto CFD pricing and execution to our institutional clients as they look to expand their investment horizons and take advantage of this highly volatile asset class.” Advanced Markets’ CEO, Anthony Brocco added that “the firm is committed to its core business model of providing institutional, transparent Direct Market Access to multiple markets and trade opportunities. The addition of cryptocurrencies highlights the fact that Advanced Markets remains focused on the interests of its valued client base and is continually looking to expand and improve upon its industry-leading offering”.
CMC Markets are expanding its cryptocurrency offering. The three new indices are Major Crypto Index, Emerging Crypto Index and the All Crypto Index. Clients of CMC Markets are now able to spread bet and trade CFDs on the three new indices, which are bespoke to the company, the statement said. Each index is made up of a different range of major and emerging coins. CMC Markets has full control of their composition and “absolute transparency in terms of pricing”, the company said. The three indices are Major Crypto Index, Emerging Crypto Index and the All Crypto Index. Major Crypto Index: will include bitcoin, ripple, bitcoin cash, ethereum and litecoin. Emerging Crypto Index: is based on dash, EOS, monero, NEO, stellar lumens, cardano and TRON. All Crypto Index: combines all of the above constituents and uses a bespoke weighting methodology to avoid dominance by any one coin. David Fineberg, Deputy Chief Executive Officer, commented: Cryptocurrencies are moving back into focus for many traders, given the price action seen in the first few months of the year. These new indices allow CMC Markets’ clients to gain exposure to a bundle of different coins, while doing this as a single transaction means order minimums and trading costs are also kept low. Our proprietary Next Generation trading platform ensures that we can easily cater to client demand with innovative products like this and will continue to ensure we are offering access to instruments which are most appealing for today’s trading community.
Ever since its foundation in 2011, JFD has enjoyed increasing popularity among traders and investors from more than 130 countries. Amid current market uncertainties and ESMA’s recent product intervention measures, the company has not experienced any significant slowdowns and has managed to maintain a healthy business operation, allowing it to pursue new expansion opportunities. Backed by a very experienced and committed team of professionals, the new office in Madrid was established to deliver the firm’s wide selection of trading and investment services to the Spanish-speaking world. It is also an important part of the group’s plan to solidify its global footprint. Apart from Spain, the office will also cover Portugal and other major territories with Spanish and Portuguese-speaking communities, including the LATAM region with a population of more than 640 million people. JFD clients can trade over 1,500 instruments across 9 asset classes via both MetaTrader 4 and MetaTrader 5. The company provides true multi-asset trading in Forex and CFDs on ETFs, Indices, Commodities, Cryptocurrencies and Bonds as well as commission-free stock trading in more than 600 US, Spanish, German, French and Dutch stocks. In addition, it offers a very popular passive investment platform, JFD Invest, in which investors can select from a list of proven trading strategies. Strict regulation by BaFin and CySec, and registration with more than 28 European countries ensures clients in the new territories are well protected. Their funds are also kept in segregated accounts with leading banks such as Barclays and Wirecard AG. JFD Bank AG, part of JFD Group, is also a member of the stock exchanges in Frankfurt, Munich, Düsseldorf and Vienna. Ignacio Albizuri Delclaux has been appointed to lead the new office as Managing Director Iberia & LATAM. Prior to joining JFD, he had an extensive and successful career spanning more than 10 years in the financial industry. “This is a great opportunity for JFD to reach new untapped markets and I am delighted to be part of the company, considered a leader in its sector with 40+ international awards to show,” commented Mr. Delclaux.
The Japanese division of retail broker Saxo Bank, Saxo Bank Securities, announced on Monday that it has formed a partnership with TradingView. “Through this partnership, users will be able to trade a wide range of products, including currency pairs and contracts-for-difference (CFDs) provided by Saxo Bank Securities, directly from TradingView,” said Francisco Izawa, the chief executive officer (CEO) of Saxo Bank Securities. “With the ability to provide these new solutions, we have enhanced our ability to provide our clients with a trading environment akin to that of a professional trader.” A trading technology company, TradingView is thought to have around 8 million users. The firm allows users to access trading charts, price quotes and strategies for free.
FXCM Group, LLC today announced that it has expanded its cryptocurrency offering with the addition of Bitcoin Cash (BCH/USD) and Ripple (XRP/USD). After successfully launching crypto CFDs in 2018, FXCM has seen its retail clients continue to add cryptocurrencies to their portfolios. Having launched three other cryptocurrencies (Bitcoin, Ethereum, Litecoin) in the past 12 months, this marks the latest stage of growth for FXCM’s cryptocurrency offering. Brendan Callan, CEO of FXCM Group, commented: Having successfully launched three different cryptocurrencies in the past 12 months, our clients are asking us to improve the range of crypto CFDs they can access. The addition of Bitcoin Cash and Ripple marks the latest stage of growth for FXCM’s burgeoning cryptocurrency offering and is in direct response to increased demand from our clients. Micronized CFD contracts allow FXCM traders to place trades in fractions, which lowers the minimum margin required to enter a position. In addition, profits are credited to a trader’s account instantly, rather than held in a crypto wallet or cold storage.
BDSwiss, is pleased to announce that it has successfully launched the latest version of MetaTrader 5 (MT5). After rigorous testing, BDSwiss has made the world’s most advanced MetaTrader platform, the MT5 available to its 1M+ client base. BDSwiss MT5 works seamlessly with all existing operating systems to provide a superior and unmatched trading environment to BDSwiss clients. The BDSwiss MT5 offers all the pioneering features of its predecessor MT4, with the addition of more advanced trading tools and indicators that enable traders to maintain more control of their trades and make better-informed decisions using cutting-edge analysis tools. Designed to improve trading experience and optimise performance, the BDSwiss MT5 features faster processing times, hedging flexibility, advanced pending orders, more charting tools, as well as a greater number of in-built technical indicators and analytical tools to help estimate future price direction. Using direct exchange connectivity, the BDSwiss MT5 allows for faster execution speeds which combined with BDSwiss’ competitive trading conditions and ultra-thin spreads, comprise a truly unique offering. The BDSwiss MT5 trading platform can be installed and used seamlessly on computers that run Windows, Mac OS and the mobile platform versions available for Android and iOS on smartphones and tablets. At the current launch phase, the BDSwiss MT5 includes more than 250 CFD instruments, with promises for the addition of more underlying instruments in the near future. Markos Solomou, COO at BDSwiss Holding PLC, commented on the recent launch: The introduction of MetaTrader 5 not only allows us to provide the latest trading advancements and technology to our clients, but also keeps the door open for offering an even greater number of financial instruments. Focusing on speed, analysis and reliability, MetaQuotes’ fifth generation platform provides superior and unmatched trading environment to BDSwiss clients. MetaTrader 5 enables our traders to maintain an advanced control of their trades and make better informed decisions using cutting edge analysis tools.
eToro, trading and investment platform announced plans to purchase Blockchain firm Firmo, a Copenhagen-based blockchain firm. eToro, with this acquisition aims to grow tokenised financial assets on its platform. To facilitate that growth, the Israel-based company is specifically interested in bringing on Firmo's research and development team. “This acquisition,” eToro CEO Yoni Assia told Bloomberg, “will help boost our growth in the future tokenized economy. We aim to be active players in blockchain consolidation.” And eToro may be ahead of the curve on this one– according to Bloomberg, tokenised assets will play a huge role in 2019 as investors seek to convert assets such as property and stocks into tradable digital assets. Firmo offers a language called FirmoLang. Interestingly enough, the programming language runs on a separate, sidechain. By using the language, exchanges ca actually create financial instruments with tokens. The advantage for the user is that these tokens can be used on any type of blockchain, not just one particular.
JFD Group has announced that is has combines its retail and istitutional services under the brand JFD Bank, making the website www.JFDBANK.com its new online hub for all current and future services offered by the FinTech group. On their website a new section has been included with the range of all institutional services with Prime Brokerage & Liquidity, Designated Sponsoring, Institutional Sales Trading, Capital Markets & Investment Banking and more, turning ourselves into the financial partner you need for your trading, investing and financial needs. The website JFDBANK.com features a new section with all the institutional services offered by the company. Launching JFD Bank has been a challenging task and a tremendous success for us. It marks the end of a long, very complicated and sometimes frustrating process of acquiring a regulated German investment bank and getting all the necessary approvals,” shares Lars Gottwik, founder and CEO of JFD. “However, for us this is also the beginning of a new, even more exciting part of our journey. JFD is on a mission to set new standards in the trading, investing and banking world, and JFDBANK.com is just the beginning
Dukascopy today revealed that it had initiated the live trading of 3 additional soft commodities (cotton, coffee, and orange juice), which it had promised on 26 February 2019. The complete list of the soft commodities currently available to Dukascopy clients is: Cotton (COTTON.CMD/USX) Coffee (COFFEE.CMD/USX) Orange Juice (OJUICE.CMD/USX) Sugar (SUGAR.CMD/USD) Cocoa (COCOA.CMD/USD) The maximum leverage that Dukascopy Bank allows for the newly added commodities is 1:30. However, the European clients are limited to a maximum leverage of 1:10. Dukascopy is constantly increasing the number of instruments available for trading in line with client requests. Dukascopy also recently launched the Dukascoin website as well as the actual Dukascoin.
From March 1st to May 31st 2019, conditions for trading Indices will be very much improved. Within the framework of the promotion, spreads for trading DE30 are significantly reduced as well as the commission for all other Indices available for trading to RoboMarkets clients. For DE30 Index, spreads will be decreased from current values of 1.8 – 2.0 to 0.7 pips on MT4/5-based Pro-Standard accounts. On ECN-Pro and Prime accounts, this instrument will be available for trading with the spread of 0.5 pips. For all other Indices, the commission will be reduced during the period of the promotion. On ECN-Pro accounts, the commission for the trading volume of 1 million USD will be 5 USD instead of 50 USD; on Prime accounts – 4 USD instead of 35 USD.
The international broker has expanded its exchange trading offering. Traders can invest in securities of global corporations, such as Allianz, BMW, Bayer, Siemens, Heineken and Royal Dutch Shell. This addition to the previously available portfolio of US stocks, brings the total number of physical stocks available to JFD clients via MetaTrader 5. Furthermore, the broker is planning to significantly expand and diversify the investment portfolio by the end of the year. Mr Lars Gottwik, founder and CEO of JFD Brokers, comments: "Adding Dutch stocks to our product portfolio is part of our long-term vision to provide the most relevant trading and investing opportunities for our clients. Together with German stocks, which we started offering in 2018, JFD's customized MetaTrader 5+ solution is shaping up as a unique combination of top-notch technology and popular investment instruments." Founded in 2011, JFD Brokers is one of the fastest growing brokerage companies, with presence in more than 60 countries across 5 continents. This global presence was achieved in less than five years. The company operates in accordance with the MiFID requirements, is regulated by CySEC and is a member of the Investor Compensation Fund (ICF).
eToro, the global, multi-asset, investment platform with over ten million registered users, has today added ZCash (ZEC) to its product range. This brings the total number of cryptoassets available on eToro to 14. The platfrom includes Bitcoin, Ethereum, Bitcoin Cash, XRP, Litecoin, Ethereum Classic, Dash, Stellar, NEO, EOS, Cardano, IOTA, and BNB. ZCash transactions can be ‘transparent’, in which case the network operates much like Bitcoin, or they can be ‘shielded’, meaning sender, recipient and payment values are not published on a public blockchain. This structure allows for payment audits to be completed, but only at the user’s discretion. Yoni Assia, Co-founder and CEO at eToro commented: “The way in which we transfer money from person to person, or company to company is constantly evolving. It is not surprising that others have taken on some of the core ideas behind Bitcoin and developed new payment networks with additional features – in the case of Zcash – privacy. We are excited to offer ZEC to eToro investors as they seek to diversify their cryptoasset holdings.”
FXCM, a leading international provider of online foreign exchange trading, CFD trading, cryptocurrency and related services, today announced that FXCM Pro, the institutional arm of the business, has strengthened its partnership with Gold-i, offering its clients access to its FX, CFD and cryptocurrency liquidity through Gold-i Matrix Net. Matrix Net enables Prime of Prime brokers and Liquidity Providers to distribute liquidity to brokers who use Gold-i’s Matrix, MT4 Bridge and MT5 Gateway products. It leverages Gold-i’s large client NETwork of brokers worldwide. The additional liquidity distribution channel for FXCM Pro will help the firm to drive further growth and reach brokers who may otherwise not be able to access their multi-asset liquidity. Mario Sanchez, Managing Director, FXCM Pro comments, “FXCM is delighted to expand its relationship with Gold-i and integrate FXCM Pro pricing within Gold-i’s Matrix Net. This technology is extremely popular amongst our institutional client base and it was a natural fit. As a globally recognised Liquidity Provider, the FXCM Pro team is confident that Gold-i’s cutting-edge system will complement our extremely competitive spreads to provide FXCM Pro’s institutional clients with a top-notch trading experience.” Tom Higgins, CEO, Gold-i adds, “As Matrix Net continues to gain momentum, we are delighted to add further value to our clients by offering them access to FXCM Pro’s multi-asset liquidity. FXCM is a highly respected firm with a high quality liquidity offering. They are a great addition to our NETwork.”
Forex Brokers Saxo Bank has just announced an agreement with BinckBank a Dutch Online brokerage. BinckBank and Saxo Bank have reached a conditional agreement on a recommended all-cash public offer of EUR 6.35 (cum dividend) per issued and outstanding ordinary share and priority share of BinckBank representing a total consideration of EUR 424 million. The offer price represents a premium of 35% over the closing price of 14 December 2018, and a premium of respectively 42%, 43% and 38% over the average volume weighted price per share over the last one, two and three calendar months, delivering immediate, certain and significant value to BinckBank shareholders Transaction unanimously supported and recommended by BinckBank’s executive board and supervisory board Saxo Bank has committed financing in place and will fund the transaction via a combination of equity injections by its shareholders and cash at hand The parties have agreed to certain non-financial covenants for BinckBank stakeholders for a period of three years Draft offer memorandum will be submitted to the AFM no later than end of Q1 2019 It is anticipated that the offer will close in Q3 2019 Kim Fournais, CEO and founder of Saxo Bank: “Combining BinckBank with Saxo Bank is a true win-win for all parties. Clients will get better products, prices, platforms and services, employees will benefit from enhanced career opportunities and, importantly, we will gain the necessary scale to further step up investments in technology and in our people. As the investment and trading industry matures and faces new regulation as well as rising expectations for digital client experience, scale, technology and multi-asset capabilities become increasingly key to long-term success. We have a strong cultural fit with BinckBank based on a shared vision and purpose to democratise investment and empower everyone to take control of their financial destiny. Our two companies complement each other well in terms of geographical footprint, brand, client segments, product suite and not least in the talented employees of both companies.” Vincent Germyns, chairman of the BinckBank executive board: “Since the origins of BinckBank in 2000, we have managed to build a strong position. We have become market leader in the Netherlands and Belgium and are strong challengers in France and Italy. We are confident that by combining BinckBank with Saxo Bank, we will be able to further strengthen our offering and growth in these markets. As such, it is important to note that Saxo Bank shares both BinckBank’s vision and mind-set focused on giving investors access to financial markets through technology and innovative solutions. Therefore, the combination of BinckBank and Saxo Bank is a natural fit and secures the future growth of BinckBank within a bigger and stronger organization and provides our customers with an even broader range of innovative products and services in the area of trading and investing. Merging both companies will help realize important economies of scale. On a term of two to three years, this will of course have consequences for staff. As far as possible these consequences will be met through natural staff turnover. In case of redundancies, a good severance scheme will apply. The executive board, supervisory board and works council support this severance scheme unanimously.” John van der Steen, chairman of the BinckBank supervisory board: “Talks with Saxo Bank have given us much trust in the combined future. BinckBank and Saxo Bank are quite similar companies with shared passions, ambitions and values. A combined future will strengthen our position in the European market and increases our added value to our customers. The Boards believe this transaction puts BinckBank in a stronger position going forward. The proposed transaction is the result of extensive negotiations between BinckBank and Saxo Bank over a period of several months and a shared vision for the combination going forward. The combination of a very attractive cash price, deal certainty, and strong protection of stakeholder interests through the non-financial covenants leads the boards to unanimously recommend this transaction.” Source: Saxo Bank
eToro, global investment platform, has announced that it has joined the Blockchain Association as an executive member. The compnay will help the Association to build more efficient financial systems and decentralized web applications by working alongised with other prominent organization in the blockchain system such as Coinbase, Circle, Digital Currency Group, and Polychain. Guy Hirsch, USA Managing Director, eToro, said: “As a company, we prioritize compliance with the regulations of all the jurisdictions we operate in around the world. As the United States’ blockchain industry evolves and matures, regulators and the industry need to prioritize conversations around ensuring consumers are informed and protected from bad actors. We are looking forward to collaborating with regulators and major industry players on how to provide guardrails without hindering innovation so that blockchain companies can flourish in a compliant manner. The Blockchain Association promotes policies that balance consumer protection and innovation and we’re proud to help drive its mission forward.” Kristin Smith, Director of External Affairs, Blockchain Association, said: “The power of open blockchain technology lies in the control it returns to individual consumers. eToro’s groundbreaking investment platform operates in that spirit, giving users the opportunity to trade across multiple asset classes, including cryptocurrencies, safely and securely. We’re excited to add eToro to a growing group of leading companies as we push for informed and responsive regulation that spurs innovation and protects consumers in this rapidly-developing industry.” eToro announced in May 2018 that it would expand into the US market with a cryptoasset investment platform for U.S. investors, set to launch in Q1 2019. Upon launch in Q1, eToro’s crypto platform will be available in multiple states across the region. Ahead of the launch, users can experience the interface and practice mock cryptoasset trading via the virtual portfolio feature.
Trading platform eToro announced the released of its own cryptocurrency wallet with initial support for four cryptoassets. Etoro, last month. became the first platform to offer fiat trading of cryptocurrency exchange Binance's in house Binance Coin, promises to add additional functionality to the product following the initial release. “The eToro wallet today is just the beginning and we will adding a whole host of additional functionality which will include supporting additional crypto and fiat tokens, crypto to crypto conversion, the ability to deposit fiat, payment in store and more,” CEO Yoni Assia commented in the press release. The wallet will at first provide support for Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Litecoin (LTC). Initially, the ability to transfer crypto from eToro to the wallet will be available to Platinum Club*** members for Bitcoin. This will gradually be extended to more users and a greater number of crypto assets. Etoro, currently supports fourteen total crypto currencies on its platform.
The Securities and Exchange Commission today announced that it has voted to adopt amendments to modernize the property disclosure requirements for mining registrants, and related guidance, under the Securities Act of 1933 and the Securities Exchange Act of 1934. The amendments will provide investors with a more comprehensive understanding of a registrant’s mining properties, which should help them make more informed investment decisions. The amendments also will more closely align the Commission’s disclosure requirements and policies for mining properties with current industry and global regulatory practices and standards. Under the final rules, a registrant with material mining operations must disclose specified information in its Securities Act and Exchange Act filings concerning its mineral resources, in addition to its mineral reserves. Current Commission rules and guidance permit the disclosure of non-reserve estimates only in limited circumstances. Requiring the disclosure of mineral resources in addition to mineral reserves will provide investors with important information concerning the registrant’s operations and prospects. “The final rules will modernize the Commission’s mining property disclosure regime by improving the quality and reliability of information provided to investors and by harmonizing disclosures with international standards, including removing the restriction on disclosure of mineral resource estimates that may have placed U.S. registrants and investors at a disadvantage,” said SEC Chairman Jay Clayton. “We appreciate the valuable input that we have received from a diverse group of interested parties that helped inform the Commission and shape the final rules.” The final rules include several other requirements designed to further the protection and understanding of investors. The final rules also reflect a number of changes to the rules proposed in June 2016 in response to commenters. The final rules provide a two-year transition period so that a registrant will not be required to begin to comply with the new rules until its first fiscal year beginning on or after Jan. 1, 2021. Source