CFI Launches Institutional Offering for Retail Brokers

Wednesday, 12/09/2018 | 09:15 GMT by David Kimberley
  • The trading services provider is looking to attract brokers affected by ESMA regulation.
CFI Launches Institutional Offering for Retail Brokers
CFI

Credit Financier Invest (CFI) announced this Wednesday that it is offering a new ‘institutional service’ for European retail brokers. The Lebanese firm is targeting brokers affected by the European Securities and Markets Authority's recent regulations.

For those of you who have been living under a rock, those regulations came into effect at the beginning of August. Along with marketing restrictions and Negative Balance protections, brokers are also no longer able to offer high leverage trading.

CFI’s latest service offering is fairly comprehensive. For starters, it will enable brokers to gain access to negative balance protection - both for themselves and for their clients. Given ESMA’s regulatory strictures, this should be fairly valuable for brokers.

The online trading services provider’s new package also includes settlement services. On top of this, it will aid brokers in their compliance efforts. According to a statement released by CFI, the new package will help brokers adhere to EMIR and MIFIR reporting standards.

CFI Liquidity stream

Brokers will also gain access to CFI’s Ultimate Liquidity Stream. CFI describes this as one of its institutional services. It claims that users can gain access to better execution, tighter spreads and can reduce covering costs.

Retail brokers that sign up to the service will have access to range of different contracts-for-differences (CFDs). CFI noted that it will enable brokers to trade CFDs in FX, bullion, commodities, indices and cryptocurrency.

“The new Product dedicated for EU Brokers is another step in our continuous pursuit and commitment towards our partners to ensure that they are getting the best service in the industry.” Said CFI’s Global Head of Business Development, Nidal Abdel Hadi, “With the new facilities, EU Brokers can continue offering the same services to their end-clients and benefit from our superior liquidity, tight spreads and Institutional services to grow their business.”

Credit Financier Invest (CFI) announced this Wednesday that it is offering a new ‘institutional service’ for European retail brokers. The Lebanese firm is targeting brokers affected by the European Securities and Markets Authority's recent regulations.

For those of you who have been living under a rock, those regulations came into effect at the beginning of August. Along with marketing restrictions and Negative Balance protections, brokers are also no longer able to offer high leverage trading.

CFI’s latest service offering is fairly comprehensive. For starters, it will enable brokers to gain access to negative balance protection - both for themselves and for their clients. Given ESMA’s regulatory strictures, this should be fairly valuable for brokers.

The online trading services provider’s new package also includes settlement services. On top of this, it will aid brokers in their compliance efforts. According to a statement released by CFI, the new package will help brokers adhere to EMIR and MIFIR reporting standards.

CFI Liquidity stream

Brokers will also gain access to CFI’s Ultimate Liquidity Stream. CFI describes this as one of its institutional services. It claims that users can gain access to better execution, tighter spreads and can reduce covering costs.

Retail brokers that sign up to the service will have access to range of different contracts-for-differences (CFDs). CFI noted that it will enable brokers to trade CFDs in FX, bullion, commodities, indices and cryptocurrency.

“The new Product dedicated for EU Brokers is another step in our continuous pursuit and commitment towards our partners to ensure that they are getting the best service in the industry.” Said CFI’s Global Head of Business Development, Nidal Abdel Hadi, “With the new facilities, EU Brokers can continue offering the same services to their end-clients and benefit from our superior liquidity, tight spreads and Institutional services to grow their business.”

About the Author: David Kimberley
David Kimberley
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About the Author: David Kimberley
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