Finance Magnates London Summit Kicks off with Networking Blitz

The annual Finance Magnates London Summit kicked off this evening with the Networking Blitz party event. It was the third year in a row that featured the Networking Blitz, with a packed house at the Brewery in London. For those unfamiliar, the key feature of the Blitz is an informal setting for financial (mostly FX) industry professionals to meet up, learn about each other’s products, become reacquainted with old contacts and, most importantly, create new relationships over a bottle of beer or glass of wine.

While the ‘meat’ of the Summit will be taking place tomorrow and include panels, exhibitions and product pitches, the Blitz provided a glimpse of things to come. Participating in the Blitz, one of the noticeable elements was both a desire for and development of new products.

Trading platforms – In terms of front end platforms, heard from multiple brokers was interest in finding a unique Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term that they can use to distinguish themselves in the market. This contrasts from previous years where there had seemed to be a strong focus towards products that operated around the MetaTrader 4 environment. The current shift was cited to be based on changing trader habits, with mobile and web based trading demand rising.

Customer success – Among new products from attendees that are just coming to market or expected to arrive soon, were quite a few tools to boost customer success. These include behavioral based platforms, interactive trading education and copy trading accounts with strict risk parameters.

Big data – One trend that continues to grow is the arrival of big data technology for retail traders. More and more we are seeing firms that have developed technology for analyzing data evolve their products to fit the trading world. Examples include personal trading assistants (think Siri for stocks and 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), strategy analysis and building, and machine reading of charts to find optimal trading parameters.

Overall, the early signs of the Summit are that despite the FX industry’s problems relating to last year’s FX rigging scandal and the January 15th Swiss franc volatility, companies have rebounded to the extent that they are once again actively seeking to integrate new products and services.