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You are here: Home / Archives for Cryptocurrencies

Blockchain Commodity Platform, VAKT Appoints Etienne Amic as its New Chief Executive Officer

February 14, 2019 by Karthik Subramanian Leave a Comment Filed Under: Industry News Tagged: Amic, Blockchain, brokerage, Capital Markets, CommodiTech, Cryptocurrencies, eToro, FX trading, Salomon Sredini, TradeStation, trading platform, Vakt, Vortexa

VAKT, blockchain commodities trading platform has appointed Etienne Amic as its Chief Executive Officer (CEO). 

vakt amicAmic has been leading commodities trading division of many leading banks and financial institutes. He joins VAKT from CommodiTech Ventures, a commodities technology investment fund based in London, which he co-founded in October 2017. Alongside, he was also working as Chairman of Vortexa, a cargo tracking and analytics company which he co-founded.

Amic has also worked with JPMorgan Chase as its Managing Director in its commodity trading division. He joined JPMorgan Chase in 2007 when his previous company Bear Stearns was acquired by the investment banking firm.

VAKT is a three-month-old startup and has already received investment from commodities giant like Shell, BP, and Equinor. While commenting on his appointment as a CEO of VAKT, Etienne Amic said:

“I was aware of VAKT from the start, but what impressed me was the success the company has had as a creation by a consortium of traders. To have such prestigious companies pulling in the same direction – many of them, competitors – tells you this is something very powerful that the industry really needs.”

eToro Adds Former TradeStation CEO Salomon Sredini as its Senior Advisor

Retail trading firm, eToro has announced the appointment of Salomon Sredini as the Senior Advisor and has also been appointed in the company’s Board.

Sredini’s primary role will be to strengthen the company’s presence in the US markets which has been battling much regulatory uncertainty and stiff compliance rules. eToro is not into providing forex and equities trading service in the US, but rather is focusing on offering cryptocurrency trading services to US citizens. 

Sredini has a long career in TradeStation from 1996, and eventually became the President and Chief Executive Officer. He led the firm’s sale to Japan’s Monex Group for $411 million and had left the company role as CEO and President in 2016. Afterward, he has continued to remain in the firm as Senior Advisor. 

Senior Level Executive Appointments at LiquidNet, CMC Markets, and MultiBank Group

February 13, 2019 by Karthik Subramanian Leave a Comment Filed Under: Industry News Tagged: brokerage, Brokers, CMC Markets, Cryptocurrencies, derivatives, FCA, financial institutions, FX trading, JP Morgan, Liquidnet, MultiBank Group, risk management, trading platform

LiquidNet Taps Senior Fidelity Executive Brian Conroy as its New President

liquidnetLiquidNet, the global institutional investment network has secured top Fidelity executive Brian Conroy as its newest President. According to the group statement, the appointment into the role is with immediate effect and will be based out of the company’s New York office.

Mr. Conroy’s career has spanned over three decades, and most recently he was serving as President of Fidelity Worldwide Investment. Prior to that, Conroy had taken the role of President of Fidelity Capital Markets. He has also worked with leading investment banks such as JPMorgan, Goldman Sachs, ABN AMRO, and SAC LLC dating back to 1987. 

Brian Conroy will report directly to LiquidNet CEO Seth Merrin and will be responsible for overseeing the company’s growth, building new businesses organically or through acquisition and expanding buy-side clients. 

Seth Merrin, CEO and Founder, issued a statement on the appointment: 

“Liquidnet has brought a lot of innovation to the financial industry, and there is so much more we want to do. Brian thinks like we do, acts like we do, and brings a wealth of knowledge and experience that supplements our own. We are very excited and believe that Brian is uniquely qualified to lead our new businesses that address our Members’ largest focus, outperforming their benchmarks, and uncovering new sources of alpha generation.”

Brian Conroy also added:

“As a global fintech that has fostered a network of over 1000 asset managers, Liquidnet has a unique position in the marketplace today. I am energized by the company’s commitment to delivering innovative technology that solves for large market inefficiencies. Liquidnet has a long history of partnering with the buy side to build long-lasting solutions together, and I look forward to joining the team.”

CMC Markets Appoints Equity and Derivative Brokerage Specialist Malcolm Ford to its London Team

cmcCMC Markets, the leading provider of liquidity and white label trading solutions has announced the addition of equity and derivative brokerage specialist Malcolm Ford to its London team.

Malcolm Ford has extensive experience in working with both buy-side and sell-side clients in different regions. During his three-decades-long career, Malcolm Ford has worked with Crédit Agricole Cheuvreux, Morgan Stanley and Linear Investments and also assisted several Fintech start-ups.

At CMC Markets, Malcolm Ford will be responsible for promoting the multi-asset liquidity offering to a wider range of hedge funds and smaller institutions. 

MultiBank Group Appoints Hasan Al Aqqad as its CEO for MENA Division

Online retail brokerage group, MultiBank Group has appointed Hasan Al Aqqad as Chief Executive Officer of the company’s Middle East and North America division. 

Hasan Al Aqqad is based in Dubai and has worked with some of the leading FX brokers of the industry. Al Aqqad joins MultiBank Group from FCA-regulated One Financial Markets, where he was Regional Manager. 

Prior to One Financial, he was working with Alpari, managing the firms introducing broker and retail trading division, before being promoted as Head of Sales in 2012. He started his career in the trading world in 2006, when he joined the Al Ahlia General Trading Co in Abu Dhabi, working as a marketing and sales person. 

Crypto MidWeek Buzz : Questions persist on key crypto fundamentals, but investors dive in

February 13, 2019 by William Freedman Leave a Comment Filed Under: Feature Articles Tagged: Bitcoin, bitcoin futures, Blockchain, Chainalysis, crypto, Cryptocurrencies, Ethereum, U.S.Pensioners, Voyager Digital

Ethereum

Ethereum

Ethereum mining declining. According to analytics site Etherscan, ETH is being mined at the lowest rates since its 2015 launch. On February 11, only 13,131 new coins were created. Aside from a three-week swoon in the autumn of 2017, it has never fell to comparable levels. Over the course of the previous 12 months, 20,000 was a typical day. While the price has been steady to positive – currently around $120 – and volumes have been enough to maintain liquidity – around 3 million daily – there’s less incentive to mine because of plans to wean ETH off proof-of-work. After the Constantinople update, the coin is expected to adopt a proof-of-stake consensus algorithm.

Bitcoin

Bitcoin

Bitcoin fees drop, volumes rise. Analytics site Diar reports that median fees for trading BTC have dropped to 2015 levels. Meantime, the report notes that daily volumes are crossing the 9 million threshold, which is where they were right before the peak just over a year ago. That said, the dollar-denominated value per transaction is as low as it’s been since Diar started tracking in 2014.

BTC futures, though, are another story. Separately, analytics company Tradeblock discovered that futures contracts for BTC offered through both the Chicago Mercantile Exchange and the Chicago Board Options Exchange have plummeted relative to spot markets. “While December saw the spot market post a healthy retracement, trade activity in the futures markets fell by more than half to post its worst performing month since launch,” Bitcoin.com reports, “suggesting a shift away from the cryptocurrency derivatives offered by CME and CBOE in favor of the traditional cryptocurrency markets.”

pensioners

First U.S. pensions invested in crypto. Institutional investors have been slow – perhaps wisely so – to invest in cryptocurrency, and pensions have understandably lagged other institutions. So it was something of an earthshaking event when two retirement plans from Virginia pooled $40 million to invest in Morgan Creek Digital, as Bloomberg reports. Morgan Creek Digital is the venture capital firm’s crypto-focused portfolio.

Voyager Digital goes public. Canadian token broker Voyager Digital listed on the Toronto Venture Exchange February 8, with the ticker symbol VYGR.V. “The idea of a young company going public may at first glance seem out of the norm. For us, the choice made perfect sense,” blogged CEO Stephen Ehrlich. “It offered Voyager the chance to bring transparency to our business, maturity to the crypto market and to provide the world with an opportunity to invest in a public crypto trading company through the traditional market.”

chainanalysis

Chainalysis secures second round. Cryptocurrency compliance firm Chainalysis, fresh off last year’s $16 million initial funding, announced a Series B led by Accel with existing investors subscribing. The newly raised $30 million will go toward opening a London office, expanding into Asia-Pacific markets and other corporate purposes. Chainalysis markets its tools mainly to law enforcement and regulatory agencies.

LOOKING FORWARD: Patrick Byrne, the Overstock CEO who became an early and influential cryptocurrency enthusiast, told MarketWatch that blockchain technology could enable “government-as-a-service” that would be more efficient as well as resistant to bribes and corruption. “We could step into Venezuela with six laptops and create not only a functioning society but arguably one with the most advanced government systems in the world,” he said. … A stablecoin linked to the Japanese yen is in the planning stages and will be launched this year, according to Cointelegraph, which listened in on a GMO Internet earnings presentation. “Regarding the plan to launch GYEN as announced last year, we plan to issue it in overseas this year,” reporter Adrian Zmudzinski quotes a top executive as saying.

This Featured Article appears on a weekly basis on TheIndustrySpread.com. If you feel you have missed out on the previous week’s Buzz… You can find it here.

INFINOX Deploys Gold-I’s Matrix Net to Strengthen its Liquidity Distribution

February 11, 2019 by Karthik Subramanian Leave a Comment Filed Under: Industry News Tagged: brokerage, Brokers, Capital Markets, Cryptocurrencies, derivatives, financial services, FX trading, FXCM, FXCM Pro, Infinox Capital, trading platform

infinoxLondon-headquartered INFINOX has announced that it has deployed Gold-i’s Matrix Net as an additional distribution channel. This has enabled its multi-asset liquidity available to brokers worldwide those who are using Gold-i’s Matrix, MT4 Bridge, and MT5 Gateway products.

The partnership will help both the companies to expand their footprint across the institutional client base while continuing to serve the retail brokerage, mid-sized institutions, and active professional traders. 

Gold-i’s Matrix Net is the most significant product since the inception of the company, and its multi-asset capabilities make it the most unique product offering in the retail space. Further, Matrix Net’s portfolio covers several segments including CFDs and cryptocurrencies, which helps brokers to aggregate in-coming liquidity feeds and also allows them to offer their own liquidity out to clients. 

Commenting on the development, Tom Higgins, CEO of Gold-I, said:

“We continue to add value to our clients by offering the very best liquidity in the market at the best prices. We are therefore delighted that INFINOX has chosen to distribute liquidity through Matrix Net.”

Jay Mawji, Managing Director at INFINOX also added:

“INFINOX is excited to be integrated with Gold-i and to be able to offer pricing through Gold-i’s Matrix Net. This is an important relationship that will allow clients to tap into our liquidity offering through market-leading technology. INFINOX’s growth has been built on key relationships, and Matrix Net gives us the tools to develop and build further relationships.” 

FXCM’s Institutional Arm, FXCM Pro Joins LiquidityFinder

FXCM proFXCM’s institutional brand, FXCM Pro has joined LiquidityFinder.com — information and matching service for business looking for liquidity. This will allow FXCM’s services to be viewed alongside other liquidity providers allowing businesses to be more informed while selecting liquidity partners.

Mario Sanchez-Wandemberg, Managing Director, FXCM Group, commented:

“FXCM Pro caters to a client base seeking execution, liquidity, and clearing solutions. By including our services on a website like Liquidity Finder it allows customers who may not know FXCM or know that we offer certain products and services to easily find us.”

Sam Low, Founder of LiquidityFinder said:

“FXCM has a compelling liquidity offering with FXCM Prime and FXCM Omnibus. It is of great benefit to the marketplace that they have joined LiquidityFinder to make information about their liquidity solutions more widespread and accessible.”

Last month, FXCM Pro has also started offering its client access to its FX, CFD and cryptocurrency liquidity through Gold-i’s Matrix Net.

EverForex Financial Appoints appointed Christian Dove as its newest Chief Executive Officer

February 8, 2019 by Karthik Subramanian Leave a Comment Filed Under: Industry News Tagged: Blockchain, brokerage, Brokers, Capital Markets, Cryptocurrencies, Cryptocurrency exchange, EverForex Financial, financial services, Globex, risk management, trading platform, tZERO

everforexOnline foreign exchange network, EverForex Financial has appointed Christian Dove as its newest Chief Executive Officer. Christian Dove has assumed his new role in the new year.

Mr. Dove joined EverForex Financial after spending almost a decade with Synergy Financial Markets which he founded. Synergy is only the licensed advisory funds’ management business in Australia. Mr. Dove has worked with every aspect of Synergy- from leading the dealing room and managing risk to advising clients on their trading activity.

Synergy was later acquired by Australian-regulated broker, ACY Capital in September last year. Dove added: “Since selling Synergy last year I have been looking for new opportunities. Both I and EverForex are very excited about our potential together in the future.”

After taking on the role as CEO at EverForex, he has announced that the company will be launching its FX margin trading business in March of this year. EverForex is involved in the deliverable foreign exchange (FX) business historically and is now maximising their licence capability and giving their clients a diversified FX capability by developing a margin FX business.

Blockchain Firm “Globex” Appoints Mitch Edwards as its Chief Strategy Officer

everforexGlobex, a blockchain software company on Thursday has appointed blockchain veteran, Mitch Edwards as its Chief Strategy Officer.

Alongside his new role with Globex, Edwards is also Chief Financial Officer (CFO) at Chia Networks, a company that is creating green cryptocurrency and CFO of Core Scientific, a company that builds blockchain infrastructure.

At Globex, Edwards will be leading the company’s efforts at global expansion and will also be working on the compliance procedures. Edwards working as a CEO for two years at Overstock has helped in the development of blockchain securities and also helped build tZERO – the company’s digital asset exchange.

Brian Collins, Globex CEO commented on the addition: 

“Mitch has extensive experience in both capital markets and building blockchain businesses. His experience covers investments in blockchain technologies and exchanges from early stage through project development and operations which will be a hugely important asset to our company as we continue to pursue our strategic priorities.”

FCA Warns Public of Investment Scams as Over £197 Million Reported Losses in 2018

February 7, 2019 by industryspread Leave a Comment Filed Under: Regulatory Annoucements Tagged: Alvin Hall, bonds, Cryptocurrencies, FCA, FCA Register, FCA Warns Public, Forex, Investment Products, investment scams, Investments, Mark Steward, personal finance expert

fca - investment scams

  • Victims lost on average over £29,000 to investment scams in 2018
  • The most common scams reported involved investments in shares and bonds, forex and cryptocurrencies
  • 54% of those who checked the FCA Warning List were contacted via online sources, up from 45% in 2017
  • Financial expert Alvin Hall put to the test in video scam challenge

The Financial Conduct Authority (FCA) is today warning investors to be vigilant to the threat posed by investment scammers, as data from Action Fraud reveals over £197 million1 of reported losses in 2018. Victims were scammed out of over £29,000 on average last year, as fraudsters employed increasingly sophisticated tactics to persuade victims to invest.

According to data from the FCA call centre, the most commonly reported scams involved investments in shares and bonds, forex and cryptocurrencies by firms that are not authorised by the FCA. Together they accounted for 85%2 of all suspected investment scams reported in 2018. People are warned to be particularly vigilant during the first quarter of the year, the peak investment season, as many look to invest before the tax year end.

Interestingly, the profile of investment scams is changing as more and more people are being targeted online, moving away from the traditional cold call. Fraudsters are now contacting people through emails, professional looking websites and social media channels, such as Facebook and Instagram. Last year 54% of those who did the right thing by checking the FCA Warning List had been contacted by potential fraudsters via online sources, up from 45% in 2017. The FCA Warning List is a tool that helps users to find out more about the risks associated with an investment, and search a list of firms the FCA knows are operating without its authorisation.

Though the contact methods used by fraudsters may vary, their tactics remain the same. We are working with financial expert and experienced investor Alvin Hall to educate the public on the most common tactics used by investment scammers. The FCA is urging people to be vigilant when making investment decisions, and to look out for these six warning signs.

  1. Unexpected contact ​​​​– Traditionally scammers cold-call but contact can also come from online sources e.g. email or social media, post, word of mouth or even in person at a seminar or exhibition.
  2. Time pressure – They might offer you a bonus or discount if you invest before a set date or say the opportunity is only available for a short period.
  3. Social proof – They may share fake reviews and claim other clients have invested or want in on the deal.
  4. Unrealistic returns – Fraudsters often promise tempting returns that sound too good to be true, such as much better interest rates than elsewhere.
  5. False authority – Using convincing literature and websites, claiming to be regulated, speaking with authority on investment products.
  6. Flattery – Building a friendship with you to lull you into a false sense of security.

Alvin Hall, personal finance expert, who is supporting the campaign, said:

‘The amount lost last year to investment fraud is staggering, over £197 million according to Action Fraud.’

‘If my 30 years of experience in investment markets has taught me anything, it’s this – regardless of how confident you are about what you’re investing in, you should also be just as confident you know who you’re investing with. The FCA Warning List is a fantastic resource for smart investors to use to protect themselves from scams.’

‘Spotting an investment scam is increasingly challenging. To prove that point, my experience was put to the test when I was pitched three investment opportunities. Watch the video to see how I got on.’

Mark Steward, Executive Director of Enforcement and Market Oversight, FCA, said:

‘The first quarter of the year is a common time for people to make their financial plans for the year, including investments. But before you invest do your homework. Always check the FCA’s register to make sure you’re dealing with an authorised firm and use the contact details on our register, not the details the firm gives you, to avoid ‘clones’. Also check the FCA Warning List of firms to avoid. Remember, if in any doubt – don’t invest!’

‘Investment scams are becoming more and more sophisticated and fraudsters are using fake credentials to make themselves look legitimate. The FCA is working harder than ever to help protect the public against this threat. Last year we published over 360 warnings about potentially fraudulent firms. And we want to spread the message so we can all better protect ourselves from investment scams.’

Director of Action Fraud, Pauline Smith, said:

‘These statistics show that investment fraud is a major threat, with fraudsters doing everything they can to manipulate potential victims into making investments. Victims are often coerced or persuaded into parting with significant amounts of money and this can have a devastating impact on their wellbeing and finances.’

‘We are working with the FCA to raise awareness of investment fraud and would urge anyone who is considering in investing to check with the FCA before parting with their money.’

‘If you think you have been a victim of investment fraud, report it to Action Fraud.’ 

To reduce the chance of falling victim to investment fraud, the FCA advises consumers to, at the very least:

  1. Reject unsolicited investment offers whether made online, on social media or over the phone.
  2. Before investing, check the FCA Register to see if the firm or individual you are dealing with is authorised and check the FCA Warning List of firms to avoid.
  3. Get impartial advice before investing.

The FCA’s ScamSmart campaign encourages those considering investing to check its dedicated website (www.fca.org.uk/scamsmart) for tips on how to avoid investment fraud. If you’ve lost money in a scam, contact Action Fraud on 0300 123 2040 or www.actionfraud.police.uk(link is external)

Swiss Stock Exchange Operator SIX Group Announces Launch of New-Blockchain Powered Digital Exchange

February 7, 2019 by Karthik Subramanian Leave a Comment Filed Under: Industry News Tagged: Blockchain, brokerage, Brokers, Cryptocurrencies, FX trading, investment, Jos Dijsselhof, Romeo Lacher, Six Group, Swiss Stock Exchange, trading platform

sixSIX Group, the operator of Swiss Stock Exchange has announced that it will launch a new blockchain-powered exchange, dubbed SIX Digital Exchange (SDX), in the second half of 2019. 

The new digital platform will run in parallel to existing SIX platforms. The existing platform witnesses roughly volume of  5.19 billion Swiss Francs (CHF) or $5.18 billion in daily terms and has a market capitalization of over 1.67 trillion CHF or $1.6 trillion. The new platform will use blockchain distributed ledger to bridge traditional finance and the technology of cryptocurrencies.

According to its CEO Jos Dijsselhof, the exchange has selected the technology for the time efficiency and improved security it offers across all stages of stock trading and settlement. 

“The fact is, it takes two days for the buyer of stock to become the owner. The trade itself only takes a fraction of a second, but after that payments have to be settled and titles transferred. If we put it all on our digital exchange, then the whole process takes only a few seconds. This makes the market more efficient, but at the same time also takes risks out of the system.”

As per the SIX Group’s Chairman Romeo Lacher, the company is ready to add a number of digital assets to its platform and believes that the existing system would be replaced completely by the new digital system in the next ten years. The exchange has not clarified the stocks or products to be listed first, but it is likely that it will introduce only selected stocks initially. 

Following the full launch of digital exchange, other products such as bonds and exchange-traded funds will also be listed and as well as tokenizing other assets will also be done. Lacher said:

“We want to start with our own Security Token Offering. The supervisory board will probably decide (on the project)in late summer,” 

With this, SIX Group has become the first leading marketplace to use the technology to offer such a regulated environment for digital assets. Other exchanges such as the German stock exchange operator Deutsche Boerse has also set up a unit to explore the technology for various use cases. 

Invstr Launches Crypto Index Available on Mobile App

February 7, 2019 by Ricardo Esteves Leave a Comment Filed Under: Industry News Tagged: Cryptocurrencies, DriveWealth, Ethereum, FINRA, invstr, Litecoin, Monero, OmiseGo, SIPC, tradingcentral, Zcash

Mobile trading technology platform Invstr has launched its Cryptocurrency Index to make it easier for everyday investors to follow the markets. Currently comprising 18 cryptocurrencies, the index features a range of categories, including asset, payment and utility tokens with their weights being calculated according to their respective market volatility rather than their market capitalization. The index will be adjusted quarterly.

Holding cryptocurrencies in a diversified portfolio with a modest exposure can both improve the return of the portfolio as well reduce the volatility of its returns. The choice of departing from traditional market-capitalisation weighting methodologies was seen as appropriate taking into account the high volatility in the cryptocurrency market.

Kerim Derhalli, Chief Executive Officer at Invstr

Kerim Derhalli, Chief Executive Officer at Invstr

Kerim Derhalli, Chief Executive Officer, said: “Retail investors want to know whether they should be invested in cryptocurrencies and what the impact of that investment will be on their portfolios. Traditional indices measure impact on the asset class not an investor’s portfolio. If you are a large fund manager you want to know what impact you will have on the market when you enter or exit an asset class. This is not a relevant consideration for smaller investors who want to know what the impact will be on their portfolios. The Invstr Crypto Index addresses this by using weightings that optimise risk-reward based on the volatility of the constituent assets”.

The Invstr Crypto Index will be freely available to Invstr app users who will be able to easily compare the price performance of specific cryptocurrencies against the overall index. Every quarter, the index may be subject to weight rebalancing, the addition of new and stable crypto assets, and the removal of suspended or distorted cryptocurrencies.

The index is made up of Bitcoin, Bitcoin Cash, Bitcoin Gold, Dash, EOS, Ethereum, Ethereum Classic, IOTA, Litecoin, Monero, Neo, NEM, OmiseGo, Qtum, Ripple, TenX, Verge, and Zcash.

For the purpose of US-traded securities trading, including fractional trading, Invstr is partnered with US-based broker-dealer DriveWealth LLC, a regulated member of FINRA/SIPC.

DriveWealth was founded in 2012 to provide brokers, digital advisors and mobile online financial services companies seamless access to the U.S. securities market. In August 2018, the company partnered with robo-advisory technology provider Bambu to launch a white-label, end-to-end robo-advisory platform solution for the wealth management industry. In December 2018, DriveWealth partnered with Miami-based online brokerage Avenue Securities to provide Brazilian retail investors. with access to securities traded on U.S. exchanges.
TradingCentral has also partnered with the broker-dealer in late 2018. The deal enables both the companies to leverage common elements of their businesses: seamless, digital, mobile-first transaction capabilities and sophisticated, accessible and actionable financial content.

FXCM Improves its Offering for Clients across its Trading Platform with Trading Central

February 6, 2019 by Karthik Subramanian Leave a Comment Filed Under: Industry News Tagged: Blockchain, brokerage, Capital Markets, Cryptocurrencies, Cryptocurrency exchange, FX, FX trading, FXCM, MT4 trading platform, Trading Central, trading platform

fxcmThe US-based global forex brokerage firm, FXCM has enhanced its client product offering and trading experience by adding Trading Central, a provider of investment research and financial market commentary. 

As per the press release by the company, FXCM has teamed up with Trading Central to help it to enrich its HTML 5 web platform, Trading Station Web 2.0. The integration will help clients to receive expert views and institutional grade trading strategies, including helping clients confirm their own views of potential risk/reward opportunities in the financial markets.

Trading Central develop solutions for multiple platforms including MT4 and offers its clients with access to the daily newsletter and other features via Trading Central’s online portal and live via FXCM’s terminal when traders are logged in. Trading Central has offices spread across the US and it analyzes over 850,000 trading instruments.

According to Brendan Callan, CEO of FXCM Group:

“This integration gives our traders seamless access to Trading Central’s analysis, We want to provide traders all the tools possible to allow them to be smarter and more successful in their trading.”

Alain Pellier, CEO at Trading Central also added:

“We’ve spent the last 20 years empowering investors to form educated trade decisions by providing them with actionable research they can trust. We’ve been a proud partner of FXCM since 2005 and are confident that their new integration of our analytics will enable even more of today’s investors to participate in financial markets.”

FXCM recently expanded its offering to cryptocurrencies and also offers CFDs on the Ethereum, for all of its trading accounts. It introduced the new offering earlier last year began testing the service with its already installed Bitcoin offering.

NetDania Launches Crypto Feed for its Users and Further Prepares for the Launch of Crypto Mobile App

February 6, 2019 by Karthik Subramanian Leave a Comment Filed Under: Industry News Tagged: banks, Blockchain, Brokers, Capital Markets, Cryptocurrencies, Cryptocurrency exchange, FX trading, investment, NetDania, trading platform

netdaniaStock and FX data provider, NetDania has deployed cryptocurrency market data feed and the company is streaming live data from 65 cryptocurrency exchanges with over 12,000 instruments available. The price of the cryptocurrency is delivered via most common APIs. The firm is also delivering a steady stream of real-time news feed from the cryptocurrency and blockchain scene. 

NetDania is improving its presence in the cryptocurrency space and over the past 12 months, it has also committed to developing a new mobile-based app catering to the needs of crypto traders. The company has already demonstrated a strong presence in the mobile offering in FX and CFDs space.

NetDania has a team with multi-decade experience helping to deliver critical insights to brokers and traders. The streaming crypto data feed provided to customers includes a number of metrics helping with all the trades. It displays tradable rates, market depth, a special composite feed with rates from the main crypto exchanges, arbitraging options, historical data, market cap, volumes and other, ensuring end-users can aggregate a lot of data into a single front-end.

While speaking to Finance Magnates, group CEO and co-founder of NetDania, Stig Brylle said:

“We will in the years ahead see global tokenization of all types of assets. In parallel to obtaining capital via traditional sources like banks and exchanges, companies, start-ups, real-estate, and private individuals will go directly to the market to meet investors and to obtain capital.”

As per Brylle, the word tokens is much hyped and is just in the starting phase and for cryptocurrencies, the time ahead is very challenging. 

“The truth is that a properly implemented and regulated use of the new technologies will provide the trust and transparency that the world is strongly missing today. Ultimately, since the blockchain technology basically offers what 99% of the world’s population wants, it is going to happen. I do for example believe that every citizen in this world in the future will receive a wallet the day he or she is born,” Brylle explains.

NetDania CEO is also predicting that in future, the wallet will be issued by the country’s central banks. He adds:

“When we at NetDania build a crypto feed, it’s because we embrace the technology and a tokenized future. Cryptocurrencies are still in their early stages, the first hype is over, and it’s now time to roll up our sleeves and get to work.”

In the next few months, NetDania will witness the official release of NetDania’s crypto mobile app with crypto tokens, blockchain news, portfolio insights, and crypto trading. The company’s futures releases are oriented towards bringing the old world and new tokenized world together. 

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