Forex Client/Broker Tension Causes Postponing of Mena Forex Conference

Fallout to the retail 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 industry from last week’s Swiss franc volatility has spread to the conference world. Scheduled to take place in February, the 14th Mena Forex Managed Funds and Investment Show in Dubai is being postponed. The conference series is one of the larger forex related shows in the Middle East and is a hybrid of both B2C and B2B sponsors and exhibitors.

Hosted by Arabcom, the presenters have cited “receiving non-stop calls from investors and traders complaining about their losses and anxiously holding the brokers accountable” from last week’s moves in the Swiss franc. As a result, it was decided to postpone the event until the “tense situation gets clearer, in order to avoid any confrontation between both sides." Not cited, but possibly also affecting the Hosting Hosting Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Read this Term of the conference are losses absorbed by broker sponsors, the list including Alpari.

The potential friction between retail conference attendees and broker exhibitors occurs as the industry has recently experienced several cases of customer angst at events. In November 2014, the Shanghai International Money Fair was interrupted by retail forex trader attendees who vandalized broker exhibits, as well as issued warnings to others about specific brokers they had traded with.

In addition to the Mena Forex show, while not updating their websites, several other conferences in the Middle East have also been cited by attendees to have been postponed.