Broker Updates During Oct. 19-25

Vietnam

3rd Quarter Revenue

1. Interactive Brokers nabs $548 million in 3rd quarter revenue. On an adjusted basis, Interactive Brokers saw a drop in key metrics amid revenue fallout from low interest rates.

CBM Review

2. Gain Capital pushes for CBM review to invalidate OANDA patent case. GAIN believes if the CBM review is instituted, there is a “90%+ likelihood of unpatentability.”

Settlement with Regulator

3. CySEC Settles with Depaho for €270,000 over possible compliance lapses. This is the second time the broker has settled with the Cypriot regulator.

Indonesia

Unlicensed Domains

4. Ministry of Trade through the Trade Supervisory Agency Berjangka Komoditi Indonesia (Bappebti) ran out of 89 unlicensed domain entities. As of August 2020, Bappebti has counted 777 domain entities. The blocking is carried out through the Ministry of Communication and Information.

New Partnership

5. Chicago-based Trading Technologies International, a global provider of trading solutions, today announced in a joint statement with Applied Derivatives PTY LTD a new partnership to distribute its flagship TT trading platform in South Africa.

Outsourcing Model Development

6. Banks rent ready-made algos for FX trading NatWest, XTX Markets and others develop new outsourcing model for tech.

Thailand

CySEC Blacklist

7. The Cyprus Securities and Exchange Commission said before that some of these illegal brokers were just spinoffs of previously shuttered companies while others misleadingly claim affiliation with other brokers that are already regulated in Cyprus and hold its CIF License. The watchdog has blacklisted the following domains:

·fxpb.us

·avexcapital.com

·u-i-group.com

·marketsswiss.com

·primaryfxmarkets.com

·conventusgroup.com

·capitallevel.com

Commonwealth of Independent States (CIS)

MIR Payment System

8. FortFS officially posted on its website that all cards of the MIR payment system can be used to deposit and withdraw funds. Broker representatives noted that this system fully meets the security requirements.

Trading Platform

9. The Saxo Bank broker offers traders proprietary trading platforms. One of these platforms – SaxoTraderGO. SaxoTraderGO has won numerous industry awards: Best Retail Forex Trading Platform by FX Week e-FX Awards, best trading platform for mobile devices at JFEX Awards and others.

Switch to Metatrader 5

10. Broker CFI Financial Group, whose activity is regulated by several specialized organizations, has completely switched to the new version of MetaTrader 5.