Financial Commission Adds Blockchain-Focused BlueBroker to Category A Members

The Financial Commission, the leading self-regulatory association ‎dedicated to ensuring sound practices across the financial services industry, ‎today welcomed its newest member firm – BlueBroker.‎

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FinaCom’s member roster is made up of the international online brokerages ‎that participate in global foreign exchange (forex), derivatives and ‎cryptocurrency markets.‎

BlueBroker is a multi-asset brokerage firm that offers trading on Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, debt, equity, insurance products. The company’s offering is mainly focused on Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term-based digital assets including Bitcoin, Ethereum, ‎and other crypto instruments.‎

BlueBroker also provides institutions with API, FIX and ITCH access and has the ‎capability to offer HFT.

The company operates as an offshore provider of financial services. It is not ‎licensed by any financial regulator and it doesn’t claim any regulatory status ‎in any jurisdiction.‎

Following the acceptance of its application by FinaCom PLC, BlueBroker ‎obtained A-category membership which guarantees that clients are offered ‎services of high quality and comply with the standards of the commission.‎

All clients of a company that is a member of the Financial Commission are ‎protected by the compensation fund which acts as an insurance policy. ‎More specifically, traders of a company with the membership ‎are eligible for compensation of up to $20,000 per complaint, as well as ‎having access to all dispute resolution services offered by the Commission.‎

In addition to providing dispute resolution and certification services to the participants of the forex and derivatives markets, Financial Commission recently extended its coverage to the crypto community and blockchain startups seeking to launch initial coin offerings (ICOs).

To facilitate the ICO certification process, the self-regulatory compliance specialist established a dedicated panel to certificate and evaluate the merits of prospective token offerings. Taking guidance from its existing Dispute Resolution Committee, the ICC panel consists of fintech experts from various sectors.