Are FX Traders Moving into Remote Betting and Gaming?

In recent years we have seen foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (FX) traders move wholesale onto mobile devices, and so too have a significant segment of the UK’s online betting and gaming industry. In 2013, total consumer expenditure in the UK mobile betting and gaming space exceeded £2.5 billion.

With an annual growth rate of 12 percent the industry could exceed £4.4 billion by 2018, according to a Deloitte report. At the same time, FX trading is changing, moving away from the image of complex, often incomprehensible financial investments. Today’s FX is edging closer to betting and gaming with the rise of new products such as binary options. Naturally, this shifting ground will bring up its own issues and challenges from industry Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term to new competitors.

The remote betting and gambling industry has already gained some useful insights offering new opportunities. For example, consumers who would never contemplate going to a high street betting shop, bingo hall, casino or arcade will happily play real-money games on a mobile device as a leisure activity. The Deloitte report on remote betting and gambling suggests creating high quality, innovative mobile products while developing strategies to monetize social media presence. This might prove equally good advice for the more visionary FX brokers.