Shobin Mathew Simon
Institutional Sales Associate
Shobin has more than 8 years’ experience at the forefront of the foreign exchange and banking markets across Europe and Asia. He has started his career in Hewlett Packard in 2003 in Bangalore, India and moved to Dubai to work for Barclays bank in 2006. In 2009, he moved to London to work for derivative and FX markets, where he worked as retail and Institutional sales manager in various FX firms. Shobin holds a graduate degree in computer science and Masters in Business Administration (MBA). He has lived in India, Kuwait, Dubai and London and maintains good professional and personal relationships around the globe. He has broad experience in financial services regulation and is fluent in English, Hindi, Tamil and Malayalam.
The European Securities and Markets Authority (ESMA) has implemented a range of measures intended to protect retail clients who are trading leveraged products, such as CFD’s.
The product intervention measures mandated by ESMA, under Article 40 of the Markets in Financial Instruments Regulation (MiFID II) include:
- Maximum leverage limits on the opening of a position by a retail client ranging from 30:1 down to 2:1.
- A margin closeout rule on a “per account” basis (at 50% of minimum required margin).
- Negative balance protection on a “per account” basis.
- A restriction on the incentives offered to trade CFDs.
- A standardised risk warning, including the percentage of losses on a CFD provider’s retail investor book.
- Prohibition on the marketing, distribution or sale of binary options.
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Topics:
Traders,
FX Liquidity,
Forex Brokerage,
Start Your Own Forex Brokerage,
SYOB,
FX Broker Startup,
Forex B2B,
MiFID2,
Wholesale FX,
FX Liquidity Provider,
Retail Trader,
Retail Broker,
Institutional Trader,
Institutional Broker
With the deadline for MiFID II implementation fast approaching, a lot of confusion and uncertainty still exists within the FX Industry.
MiFID II regulation is divided into several distinct rule sets with the legislation applying to a broad range of financial industry players, those who provide investment services, such as investment banks, portfolio managers and brokers, and intermediaries such as inter-dealer brokers and market-makers.
The main objective of MiFID II is to ensure the fair, effective and safe operation of financial markets. Failure to comply with the directive could result in significant fines.
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Topics:
Traders,
Forex Brokerage,
Start Your Own Forex Brokerage,
Regulation,
MiFID,
MiFID2,
Institutional Trader,
Institutional Broker
When someone starts thinking about opening a Forex brokerage their mind immediately fills with question after question. Which regulatory jurisdiction should I choose? How much capital do I need? What kind of license do I need? How do I get pricing? Where do I base the operation? The “office” / location question is usually the last that comes to mind but the choices made here can determine whether a business succeeds or fails. The following 5 points are therefore worth considering before making any decisions on your brokerage startup:
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Topics:
Start Your Own Forex Brokerage,
Brokerage,
SYOB,
FX Broker Startup
The ability to trade using leverage is one of the key advantages associated with “retail” forex trading. This unique factor tends to attract more investors to forex, rather than to equities or other financial instruments, as there is the perceived opportunity to generate profits with little money down.
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Topics:
Forex Brokerage
A money broking license offered by the LFSA (Labuan Financial Services) Malaysia, is fast becoming a sought after license in the Asian region. LFSA, which is an offshore financial regulatory authority for Malaysia, has been in operation since 1996. The region includes over 6500 offshore companies and more than 300 licensed financial institutions including some of the world’s leading banks.
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Topics:
Forex Brokerage
The foreign exchange (FX) market now generates more than $5 trillion a day, making it the largest market in the world from a volume standpoint, surpassing any other market in the world.*
Over the past few years the opportunities and successes in the foreign exchange market have attracted a significant number of investors and traders. The growth in the number of Forex brokers during this time is attributable to the fact that they have realized the tremendous revenue opportunity that is there for them when they own a brokerage rather than simply introducing clients. The increased number of start-up Forex brokers over the last decade is evidence that more and more FX entrepreneurs are finding it more profitable to run their own businesses rather than continuing to funnel business to larger brokers via traditional IB arrangements.
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Topics:
Forex Brokerage,
Start Your Own Forex Brokerage,
SYOB,
FX Broker Startup,
FX Technology Provider,
FX Liquidity Provider,
Institutional Trader,
Institutional Broker,
FX Jurisdictions
