During the passing week the most interesting stories from the online trading world included a look at how Facebook is targeting the industry for cooperation, a development in the legal status of binary options in Europe and, of course, the sterling flash crash.
Join the industry leaders at the Finance Magnates London Summit, 14-15 November, 2016. Register here!
House of Borse
On Monday we reported on a new brokerage regulated by the UK FCA and led by CEO and Director Wahb Ahmed. The company has started onboarding professional clients and is providing access to its clients to Liquidity through aggregated feeds, via bank, non-bank and ECNs pools.
For the time being, the firm is focusing on institutional clients from the MENA region and aims to enable white labelling and API solutions. House of Borse started with a London office, but it is also aiming to open one in Dubai.
Payoneer
On Tuesday we offered our readers an exclusive interview with the head of digital payments platform Payoneer. CEO Galit talked about Brexit , B2B vs B2C, the company's future and much more.
A couple of days later it was announced that Payoneer raised $180 million from investors, bringing Payoneer’s total funding to $275 million. Although the firm has been in the black for three years, it proceeded with raising the finance to assist with the expansion of its workforce and global presence.
Binary ≠ Gambling
On Wednesday the Dutch Administrative Appeals Court (CBB) confirmed the operating license of binary options brokerage Optionclub. The ruling is expected to have profound effects on the industry as a whole, especially at a time when CySEC has become more stringent and is looking to rein in illicit practices in terms of sales and advertising.
Commenting on the announcement, the lawyers of Optionclub, Bas Jongmans and Hester Bais, said: “The final confirmation of the license today marks an important step in the development of regulation of binary options as financial instruments within the Netherlands, since with this issuance, AFM has confirmed that binary options shall be regulated by AFM in the Netherlands and as a result, licence holders shall be allowed to enter the European market, using a 'European Passport'."
Facebook
On Thursday Finance Magnates Intelligence Department released this month’s Referrals Ranking, revealing among other things that Facebook is dominating social forex traffic.
On the same day we reported that the company is holding a Facebook Bootcamp in Cyprus, highlighting various aspects of what the platform has to offer and demonstrating its cooperation with brokers such as IG Group, IQ Option and Forex Club.
Sterling Flash Crash
On Friday the biggest story was the sudden fluctuation in the GBP/USD, when cable tanked below 1.19 for the first time since May 1985. The Managing Director of Think Liquidity explained that the market has been forced lower by a liquidity bubble that caught markets off guard.
Various reports about controversial order execution points have been pouring in with some brokers' lowest ask prices ranging below 1.1000 and above 1.2000 - a thousand pips difference. Admiral Markets, FXCM, Saxo Bank, eToro, cTrader and more commented on the situation and how the FX industry is affected.
During the passing week the most interesting stories from the online trading world included a look at how Facebook is targeting the industry for cooperation, a development in the legal status of binary options in Europe and, of course, the sterling flash crash.
Join the industry leaders at the Finance Magnates London Summit, 14-15 November, 2016. Register here!
House of Borse
On Monday we reported on a new brokerage regulated by the UK FCA and led by CEO and Director Wahb Ahmed. The company has started onboarding professional clients and is providing access to its clients to Liquidity through aggregated feeds, via bank, non-bank and ECNs pools.
For the time being, the firm is focusing on institutional clients from the MENA region and aims to enable white labelling and API solutions. House of Borse started with a London office, but it is also aiming to open one in Dubai.
Payoneer
On Tuesday we offered our readers an exclusive interview with the head of digital payments platform Payoneer. CEO Galit talked about Brexit , B2B vs B2C, the company's future and much more.
A couple of days later it was announced that Payoneer raised $180 million from investors, bringing Payoneer’s total funding to $275 million. Although the firm has been in the black for three years, it proceeded with raising the finance to assist with the expansion of its workforce and global presence.
Binary ≠ Gambling
On Wednesday the Dutch Administrative Appeals Court (CBB) confirmed the operating license of binary options brokerage Optionclub. The ruling is expected to have profound effects on the industry as a whole, especially at a time when CySEC has become more stringent and is looking to rein in illicit practices in terms of sales and advertising.
Commenting on the announcement, the lawyers of Optionclub, Bas Jongmans and Hester Bais, said: “The final confirmation of the license today marks an important step in the development of regulation of binary options as financial instruments within the Netherlands, since with this issuance, AFM has confirmed that binary options shall be regulated by AFM in the Netherlands and as a result, licence holders shall be allowed to enter the European market, using a 'European Passport'."
Facebook
On Thursday Finance Magnates Intelligence Department released this month’s Referrals Ranking, revealing among other things that Facebook is dominating social forex traffic.
On the same day we reported that the company is holding a Facebook Bootcamp in Cyprus, highlighting various aspects of what the platform has to offer and demonstrating its cooperation with brokers such as IG Group, IQ Option and Forex Club.
Sterling Flash Crash
On Friday the biggest story was the sudden fluctuation in the GBP/USD, when cable tanked below 1.19 for the first time since May 1985. The Managing Director of Think Liquidity explained that the market has been forced lower by a liquidity bubble that caught markets off guard.
Various reports about controversial order execution points have been pouring in with some brokers' lowest ask prices ranging below 1.1000 and above 1.2000 - a thousand pips difference. Admiral Markets, FXCM, Saxo Bank, eToro, cTrader and more commented on the situation and how the FX industry is affected.
