Interpretation of important events in the global foreign exchange industry this week

The new week has begun again, and the days have been quietly leaving without knowing it. Do you know the recent major events in the foreign exchange industry? Xiao Bian summed up the key events of the global foreign exchange industry this week. Here is a brief explanation for everyone:

Interpretation of important events in the global foreign exchange industry this week

1. MT5 began to support the simulated trading service of the Mumbai Stock Exchange.

Financial technology service provider MetaQuotes announced on its official website on March 5 that the MetaTrader 5 trading platform began to support the simulation trading service of the Bombay Stock Exchange (BSE), Asia's oldest stock exchange.

The Bombay Stock Exchange (BSE) was founded in 1875 and was formerly the Bombay Stock Exchange Ltd., the oldest stock exchange in India and Asia. BSE is the 12th largest stock exchange in the world. As of July 2017, the total market capitalization has exceeded $2 trillion.

2, the UK FCA supervision meets major adjustments, STP must be upgraded to MM market maker license

Recently, the FCA regulatory authorities in the UK are taking accurate measures to coordinate with the EU's policies. This measure will have a significant impact on existing FCA-regulated brokers: the UK FCA is considering requiring STP licenses. Broker, upgrade to MM market maker license.

There are 97 brokers regulated by the FCA in the UK, 25 of which have STP licenses. It is worth mentioning that a considerable portion of the UK FCA regulated brokers that Chinese investors are exposed to are STP licenses.

3, IG Australia's well-known analyst Chris Weston joined the stone group

Chris Weston, a well-known market strategist at IG Australia, followed the footsteps of former boss Tamas Szabo and joined the Australian forex broker Pepperstone. Chris Weston has served in IG Australia for 12 years and in the past ten years he has been the spokesperson for IG Australia as a research director. He is a prominent figure in the media in Australia and elsewhere, a frequent visitor to Sky News Business and Bloomberg TV.

4, the digital currency exchange "coin security" suffered a hacker attack, causing bitcoin to fall more than 10%, VIA skyrocketing!

Late at night on March 7, the digital currency market broke out, and several cryptocurrencies plummeted, while the "cotton currency" VIA rose.

In the announcement issued on the morning of March 8, the VIA/BTC transaction was triggered in two minutes from 22:58-22:59 on March 7th, Hong Kong time, triggering the risk control and automatically stopped the coin. This is a large-scale phishing acquisition of user accounts and attempts to steal money. At present, all funds are safe and no funds are fleeing.

Data show that in the early morning of the 8th, the top ten digital currencies plummeted across the board, with a drop of more than 6% in 24 hours.

5. Forex brokers "fall down" Hong Kong Securities Regulatory Commission

Hong Kong SFC put a forex broker in the "warning list" in the name of "unlicensed company", but unexpectedly was brought to court by the broker, the final outcome is: the broker won! Forex broker MulTIbank Exchange Group (Chinese name: Datong Electronic Exchange) recently won a big victory in the case of "Hong Kong SFC removed it from the warning list"!

On February 20 this year, the Hong Kong Securities and Futures Commission (SFC) announced on its official website that the MulTIbank Exchange Group was listed as an “unlicensed company” in the Alerts List. The SFC will regularly update the "Warning List" and will list some companies that have not obtained the Hong Kong SFC license but have invested in Hong Kong residents.

In the first four hours of the official hearing of the Hong Kong High Court, Clyde & Co received a call from SFC, and SFC said it had suspended and revoked the warning order against MulTIbank Exchange Group.

Hong Kong SFC is a rare concession. In this case, the MulTIbank Exchange Group is a “big win” for Hong Kong SFC, which is extremely rare in the global regulatory arena, because regulators around the world have never corrected their mistakes so quickly.

In this regard, senior lawyer Gerard McCoy SC said that during his 35-year career, he has never seen SFC make any concessions to any case. In fact, before this incident, SFC never gave in.

6, oneZero announced the Cboe integrated trading quotes and information for the NYSE listed company

OneZero Financial Systems, a global technology provider for foreign exchange, commodity and futures markets, today announced a partnership with Nasdaq-listed Cboe Global Markets, which will provide real-time stock quotes and trading information through oneZero's tools.

We know that oneZero is able to provide market depth data for all tradable instruments for securities, futures, foreign exchange, CFDs and precious metals. oneZero Financial Systems is a software and infrastructure provider for institutional and retail brokers.

It is reported that CBOE TOP Fee is the market data product of CBOE Global Markets, one of the largest stock exchange operators in the United States and the leading market for global ETP transactions. The feed provides cost-effective, high-quality quotes and transaction information for market participants seeking real-time market data for top quotations and transactions.

Founded in February 2009, oneZero is dedicated to developing low latency software and bridging systems for the foreign exchange, commodity and futures markets. oneZero's automated trading execution and routing system helps mitigate risk and maximize profits. The company's MT4 bridging solution allows brokerage firms to freely provide foreign exchange transactions to their clients, avoiding the costs of manual transactions.

In August 2016, the well-known Russian software company MetaQuotes reached a cooperation agreement with oneZero to launch a new MT5 connection channel, which facilitates platform integration between broker customers and Interactive Brokers (IB). Through Interactive Brokers' portfolio of products, MT5 brokers will be able to offer stocks, futures and other on-floor trading tools for the world's 15 largest exchanges, including the New York Stock Exchange (NYSE), the Stock Exchange (LSE), and the Hong Kong Stock Exchange. (HKEX), Tokyo Stock Exchange (TSE) and NASDAQ (NASDAQ).

7, TigerWit Tiger Forex received SIG nearly 10 million US dollars investment and obtained FCA regulatory license

Recently, TigerWit Tiger Forex, a technology innovation platform for foreign exchange trading services, announced that it has received nearly 10 million US dollars of investment from SIG, a well-known US technology investment company. TigerWit will use this funds to further advance its technological innovation in the global foreign exchange market and continuously improve the product service experience.

SIG is a global technology investment company known for its entrepreneurial thinking and rigorous analytical methods. It is headquartered in the United States. In the past 30 years, its business in the fields of cross-transaction, quantitative research and technology has developed rapidly, with more than 1,600 employees worldwide. In the investment field, SIG has always favored high-quality companies with long life cycle and sustainable development. In the past ten years, it has invested in more than 200 companies worldwide, with a total investment of 1.3 billion US dollars.

8. Gao Peng Finance lasted for three years and won the FMA regulatory license

On February 26th, the New Zealand Financial Market Regulatory Authority (FMA) officially issued the GPPMarkets Ltd derivatives issuer license number: FSP509766. Gao Peng Finance became one of the few professional financial service providers in New Zealand to receive DI (derivative issuer) licenses.

On February 26, 2018, FMA officially issued the Gao Peng Financial Derivatives Issuer License, which allows the company to provide investors with derivatives, including margin foreign exchange and CFDs.

There are currently 22 financial institutions in New Zealand holding DILicense, including ANZBank, ASBBank, BankofNewZealand, CMC, IG and GPPMarkets. Only 10 of them provide professional foreign exchange margin trading business. GPP is the 10th professional foreign exchange company that has obtained DI foreign exchange margin supervision.

9. The parent company of LCG decided to divest LCG and seek to acquire other UK companies.

The board of directors of London Capital Group Holdings has issued a regulatory statement stating that it has joined forces with its wholly-owned subsidiary, Tradex, to commit a conditional sale of 91.5% of LCG (London Capital Group Limited). The transaction also includes the sale of all 100% of the equity of the LCG subsidiary held by LCGH and Tradex to SLCG International.

10. BOT plans to cancel the Cyprus Investment Corporation (CIF) license

The binary options business is declining in Europe, and recently TechFinancials Inc's binary options subsidiary, BO tradefinance Limited (BOT), announced that it will cancel the Cyprus license. BOT's brands, including OptionFair, have notified the Cyprus Securities and Exchange Commission (CySEC) to cancel the Cyprus Investment Corporation (CIF) license.

BOT has notified the customer that it will terminate all activities related to the OptionFair brand and will refund all funds to the customer afterwards.

On February 6, 2018, Techfinancial announced that it would suspend its stake in BOT. In 2017, BOT's business has been declining. In the first half of the year, revenue was only 164,000 euros (compared to 1.38 million euros in the same period last year), with a loss of 105,000 euros, while the 2016 financial company suffered a loss of 231,000 euros. (汇讯)

11. The XTX Markets, the youngest “foreign giant” in the foreign exchange industry, started trading on the Swiss SIX Stock Exchange.

The Swiss SIX Swiss Exchange announced on its official website on March 1 that electronic market maker XTXMarkets officially started trading on SIX SwissExchange today. XTX Markets is the second company to enter the SIX Swiss Exchange for trading after Gair Loch in 2018.

XTX Markets is a leading quantitative driven electronic market maker and a world-renowned non-banking liquidity provider with partners including exchanges, electronic trading venues and other large institutions. XTX Markets is committed to providing continuous liquidity to market participants and helping market participants around the world to obtain the best quotes for various assets. XTX Markets' operating model emphasizes intelligence and precision without the need to pursue the fastest speed.

XTX Markets: the youngest giant in the forex industry

XTX Markets is an extraordinary company and the youngest "big" company in the forex industry. The company was founded in 2015 and is registered in London, UK, regulated by the FCA and has a regulatory capital of £100 million.

12. What impact will Australian brokers have on Australian brokers after they are established?

The Australian Parliament passed a proposal on February 14th to set up a new Complaints Authority. The regulator will begin operations in November 2018, known as the Australian Financial Complaints Authority (AFCA). AFCA is supervised by Australian ASIC (Australian Securities and Investments Commission).

According to "Forex Business" forextop.com, the proposal to establish AFCA was passed on February 14, 2018, and Financial Services Minister Hon.kelly O'Dwyer has announced that AFCA will operate no later than November 1, 2018. . A number of transitional steps are required before the AFCA begins operations, including the Minister will authorize the AFCA and the terms of the AFCA committee to negotiate the program.

13. Swisscom Bank's net income in 2017 increased by 25%!

According to the new media of the foreign exchange industry, "And News Broker Channel", Swiss Bank recently released its 2017 annual report. According to the report, Swisscom Bank achieved brilliant results in 2017 with excellent performance and net income increased by 25%!

According to the official report, Swisscom's net income increased by 25% year-on-year to reach 187.8 million Swiss francs. At the same time, the report also showed that the group's net profit also achieved rapid growth, an annual increase of 88.8%, reaching an impressive 39.2 million Swiss francs. (1 Swiss Franc = 6.7758 RMB)

The number of transactions executed through Swissquote Bank increased to 2.6 million, an increase of 310,000 on a year-on-year basis. The huge transaction volume directly affected the net fee and commission income, which alone increased by 22.5% year-on-year to 85.2 million Swiss francs.

The online foreign exchange business of Swissquote Bank also increased, contributing 66.7 million Swiss francs, an increase of 26.2% compared to 52.8 million in 2017.

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