NZ Brokers Catch Break with FSPR, IS Prime’s Partners Talk PoP

The FX world had a variety of events this week, with brokers finding new standards to operate in New Zealand by the FSPR – meanwhile the week climaxed with a critical ECB monetary policy statement.

Interviews

IS Prime’s Jonathan Brewer, Raj Sitlani Discuss Institutional Sphere, PoP

Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates spoke with Jonathan Brewer and Raj Sitlani, Managing Partners at IS Prime for a detailed look into the institutional sphere and the playing field for Prime of Prime (PoP) brokers. Read More Here

Key Executive Moves

Exclusive: Amana Capital Adds Yousef Malek as Director of Business Development

Online Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term broker, Amana Capital, has appointed Yousef Malek as its newest Director of Business Development – MENA, following more than a decade of executive level experience in similar roles. Read More Here

Idan Hartman Relinquishes Role as CEO of Fusion Media Agency

Idan Hartman, CEO at Fusion Media Agency, has reportedly relinquished his position with the group after nearly three years in the role, according to information learned by Forex Magnates. Read More Here

In Case You Missed It

Offshore New Zealand Brokers Exempted from NZ$1 M Capital Requirement

According to the New Zealand Financial Markets Authority, if brokers do not offer their services to New Zealand residents, there is no need to get licensed by the regulator, but only register on the FSPR. Read More Here

ECB Abstains from Quantitative Easing, Leaves Door Open for 2015

The euro bulls are breathing a sigh of relief with the European Central Bank strongly suggesting that it will look for additional ways to ease monetary policy, however this won't happen before 'early next year'. Read More Here