[prisna-wp-translate]

FOREX NEWS & BLOG

Exness Takes Center Stage as the Official Sponsor of iFX EXPO Dubai 2025

Exness Takes Center Stage as the Official Sponsor of iFX EXPO Dubai 2025

January 8, 2025 3:14 pm |

Exness, a CFD broker and liquidity provider, announced its role as the Official Sponsor of the highly anticipated iFX EXPO Dubai 2025. This premier B2B fintech event, the largest of its kind in the MENA region, takes place from 14 to 16 January 2025 at the Dubai World Trade Centre, attracting over 5,000 industry professionals.

As the official sponsor, Exness will have a prominent presence, central to the expo’s activities, providing a space for meaningful engagement with attendees.

Exness will also contribute key insights through two panel discussions focused on critical industry developments and major trends shaping the sector:

Crypto Trading: Finding the Evergreen – Wael Makarem, Exness’ Financial Markets Strategists Lead, will participate in this panel exploring the rapidly evolving cryptocurrency landscape. Discussions will cover key technical and fundamental insights, strategies for building and diversifying portfolios, and essential trading safeguards, including broker selection and risk management.

Beyond the Bid: The Rhythm of Market Flow: Peter Plester, Exness UK Head of B2B Sales, will join this panel examining the dynamic forces shaping liquidity and high-frequency trading. Panelists will explore how emerging technologies and market tempo shifts influence innovation and trading strategies in today’s evolving financial landscape.

David Morris, Exness UK CEO, expressed, “Exness has always focused on building a strong, forward-thinking trading ecosystem. iFX EXPO Dubai allows us to engage directly with industry leaders and reaffirm our commitment to driving impactful change together.”

Exness is a global multi-asset broker that was founded in 2008 with the mission to reshape the online trading industry. Since its inception, the company’s goal has been to create the ultimate trading experience through large-scale investment in technology and infrastructure. Their fresh approach resonates with traders around the world, growing Exness into one of the most prominent retail brokers in the sector. With a strong balance sheet, Exness now brings its deep liquidity offering to brokers and other financial institutions.

This article was written by FM Contributors at www.financemagnates.com.

Feed from Financemagnates.com

MoneyMaker FX EA Trading Robot

read more
Retail FX Deposits Drops 3.6% as IG US Posts Sharp November Decline

Retail FX Deposits Drops 3.6% as IG US Posts Sharp November Decline

January 8, 2025 3:01 pm |

U.S. retail forex trading volumes fell 3.6% in November 2024
compared to October, with IG US recording the sharpest monthly decline among
major brokers, according to the latest report from the Commodity Futures
Trading Commission (CFTC).

IG US Leads Market Downturn in Latest U.S. Forex Deposit Report

Total retail forex trading volume across six major U.S.
brokers dropped to $509.7 billion in November from $527.8 billion in October.
The decline was primarily driven by IG US, which saw volumes plunge 28.6%
month-over-month to $42.8 billion.

Interactive Brokers also posted weaker numbers, with volumes
falling 7.2% to $25.6 billion in November. OANDA, one of the largest retail
forex providers, experienced a 2.2% decline to $170.4 billion.

Market Leaders Hold Steady

Charles Schwab and GAIN Capital, two of the biggest players
in the retail forex space, showed resilience amid the broader market decline.
GAIN Capital’s volumes remained virtually unchanged at $204.6 billion, while
Charles Schwab saw a minor 0.5% dip to $64.4 billion.

Trading.com emerged as the only broker posting growth, with
volumes increasing 4.7% to $1.9 billion, though it remains the smallest player
among the tracked brokers.

The November figures also highlight significant
year-over-year changes in market dynamics. IG US and Interactive Brokers showed
the most substantial annual declines, down 33% and 27% respectively from
November 2023. Meanwhile, Trading.com demonstrated strong annual growth of 30%,
albeit from a smaller base.

Financial Reporting Obligations for U.S. Forex Brokers

The CFTC regulates the financial reporting practices of
Forex brokers operating in the United States. As part of its oversight, the
agency requires Retail Foreign Exchange Dealers (RFEDs) and Futures Commission
Merchants (FCMs) to submit detailed financial reports each month.

These reports must include key financial data such as
adjusted net capital, customer assets, and retail forex obligations. Retail
forex obligations represent the total client assets managed by RFEDs or FCMs,
including any gains or losses realized by customers. This reporting mandate
applies to all 62 registered RFEDs and FCMs in the U.S., which include major
firms like Charles Schwab, Gain Capital, IG, Interactive Brokers, OANDA, and
Trading.com.

The CFTC’s reporting requirements are designed to improve
industry transparency and provide the public with a clearer understanding of
the financial stability of these institutions.

This article was written by Damian Chmiel at www.financemagnates.com.

Feed from Financemagnates.com

MoneyMaker FX EA Trading Robot

read more
US December ADP employment +122K vs +140K expected

US December ADP employment +122K vs +140K expected

January 8, 2025 2:56 pm |

  • Prior was +146K
  • Annual pay growth for job-stayers 4.6% vs 4.8% prior
  • Job-changers’ pay gains 7.1% vs 7.2% prior
  • Services +112K vs +140K prior
  • Goods +10K vs +6K prior

This is a more-benign jobs report and should help to cool some of the inflation angst in the market.

“The labor market downshifted to a more modest pace of growth in the final month of 2024, with a slowdown in both hiring and pay gains. Health care stood out in the second half of the year, creating more jobs than any other sector,” said Nela Richardson, chief economist at ADP.

This article was written by Adam Button at www.forexlive.com.

Feed from Forexlive.com

MoneyMaker FX EA Trading Robot

read more
Financial Commission Grants Membership to GTCFX Offering Client Protection

Financial Commission Grants Membership to GTCFX Offering Client Protection

January 8, 2025 2:36 pm |

The Financial Commission has announced that GTCFX has been
approved as its newest Member, effective January 7th, 2025. This development
follows the approval of GTCFX’s membership application, granting the company
access to a range of services provided by the Financial Commission.

Financial Commission Approves GTCFX Membership Benefits

GTCFX is a global online brokerage offering products such as
precious metals, spot forex, and indices. It serves over 985,000 clients across
more than 100 countries. As an approved Member, GTCFX will benefit from
services including compensation protection of up to €20,000 per complaint,
supported by the Financial Commission’s Compensation Fund.

The Financial Commission offers an external dispute
resolution platform to brokerages and their clients, providing a third-party
mediation service when direct resolution between parties is not possible. This
service is designed to offer a quicker and simpler resolution process compared
to traditional methods such as arbitration or legal proceedings.

Brokerages Seek External Dispute Resolution

GTCFX joins other brokerages and independent service
providers that utilize the Financial Commission’s platform to resolve disputes
and meet regulatory requirements. The company’s decision to join the Financial
Commission is part of a broader trend in the FX and fintech sectors, where
increasing numbers of firms seek external dispute resolution options to address
complaints from clients.

The Financial Commission has focused on improving dispute
resolution in financial markets. “The Financial Commission initially set out to provide
a new approach for traders and brokers alike to resolve any issues that arise
in the course of trading electronic markets such as Foreign Exchange, and then
expanded into CFDs and related derivatives, in addition to certifying
technology platforms used for trading,” the Financial Commission wrote in
its press release.

Scammers Impersonate Financial Commission to Defraud
Traders

Earlier, The
Financial Commission updated its investigation into a scam involving
individuals impersonating its representatives to defraud traders. These
scammers target traders affected by fraudulent brokers, offering recovery
services for a fee and using fake companies to issue guarantee letters, as
reported by Finance Magnates.

The Financial Commission warns that it does not offer
recovery services, initiate contact via cold emails, or issue letters of
guarantee. Traders should verify communication by checking the list of member
brokers and using the official Dispute Resolution Form. Any unsolicited claims
should be verified directly with The Financial Commission before sharing
personal information.

This article was written by Tareq Sikder at www.financemagnates.com.

Feed from Financemagnates.com

MoneyMaker FX EA Trading Robot

read more
More from Waller: Some of ongoing services inflation may represent lagged wage increases

More from Waller: Some of ongoing services inflation may represent lagged wage increases

January 8, 2025 2:35 pm |

  • Long-term yields may have more of an inflation premium but Fed will fix that
  • US deficits may also be driving long-term yields higher
  • Some of ongoing services price inflation may represent lagged wage increases, which should ease
  • Tremendous uncertainty around what will happen with tariffs
  • Do not think ‘draconian’ tariffs will be implemented
  • In the near-term do not think there will be a huge impact on inflation from tariffs
  • Until Trump policies are clear, it will be hard for markets and the Fed to assess the next year
  • Return to the lower bound does not seem likely any time soon

Waller is getting a bit wide of his lane here but it’s useful to highlight the Fed’s thinking.

This article was written by Adam Button at www.forexlive.com.

Feed from Forexlive.com

MoneyMaker FX EA Trading Robot

read more
AI Drives Fintech, Trump Announces $20B Data Centers

AI Drives Fintech, Trump Announces $20B Data Centers

January 8, 2025 2:30 pm |

As AI dominates fintech, Trump secures a massive $20 billion deal with UAE real estate tycoon Hussain
Sajwani to power the future of fintech through next-gen data centers.

Fintech in 2024 – The Rise of AI

Artificial intelligence (AI) reshaped everything from fraud detection
to customer service, creating efficiencies that even the savviest tech
entrepreneurs could only dream of a few years ago. Chatbots offered instant
responses that put traditional customer service to shame. Meanwhile, AI-powered
algorithms disrupted wealth management, turning what was once a privilege of
the elite into a democratized service accessible to anyone with a smartphone … for better or worse.

Even in stock trading, AI ruled the roost. Algorithms, uninhibited by
human error, attempted to optimize trades to perfection. The result? Leaner
operations, higher profits, and a fintech industry laser-focused on innovation.
But this AI-driven revolution demands one thing above all—raw computing power.

Data Centers: The Backbone of the AI Revolution

AI doesn’t run on wishful thinking—it runs on data and power, and lots
of both. That’s where data centers come in. These tech fortresses are the
unsung heroes of fintech, quietly processing the zettabytes
of information required for AI to learn, adapt, and predict. Without them, your
AI-powered trading app would be about as useful as a fax machine.

This need for high-performance computing is precisely why data center
investment is booming. In 2024, every fintech firm worth its salt scrambled to
secure scalable, reliable infrastructure to support their AI ambitions. As the
industry shifted gears, a major announcement from U.S. President-elect Donald
Trump and Dubai real estate mogul and founder of DAMAC Properties, Hussain
Sajwani aimed to address this growing demand.

Trump and Sajwani’s $20 Billion Bet on Data Centers

In a surprise move that had Wall Street buzzing, Trump revealed a $20
billion investment plan with Sajwani to develop next-gen data centers across
the U.S., with
the UAE-based property tycoon set to front the cash. The initiative is
designed to bolster America’s tech infrastructure, with a keen eye on
supporting AI-powered fintech growth.

“We’re planning to invest $20 billion and even more than that, if
the opportunity in the market allows us,” said Sajwani at Trump’s
Mar-a-Lago home.

For Trump, it’s a legacy project—a bold bid to position the U.S. as the
global leader in AI and fintech innovation. For Sajwani, it’s a lucrative
opportunity to diversify his empire beyond luxury real estate. Together,
they’re not just building data centers; they’re laying the groundwork for
fintech’s future.

In a bid to encourage foreign investment Trump
proclaimed that, “We’re going to be helping you and everybody else that
comes to the United States and wants to invest their money, that you don’t get
tied up for the rest of your life and you can’t do anything.” Whether you love
him or loathe him, you can’t deny the audacity of the plan—or its potential
impact on the fintech landscape.

Why This Matters for Fintech

The link between AI and fintech is undeniable. As AI capabilities
expand, so does the demand for robust data infrastructure. Trump and Sajwani’s
mega-deal underscores a critical reality: without cutting-edge data centers,
the fintech industry will inevitably hit a technological ceiling.

Consider fraud detection, one of fintech’s most transformative use
cases for AI. Detecting fraudulent transactions in real-time requires analyzing
millions of data points instantly—a task only possible with massive computing
power. Similarly, AI-driven lending models depend on processing vast amounts of
consumer data to make accurate risk assessments. Both are impossible without
high-capacity data centers.

Trump’s announcement couldn’t have come at a better time. As AI
continues to push fintech forward, the industry needs infrastructure that can
keep up. And while $20 billion is certainly a serious investment, the
returns—both economic and technological—could be staggering.

The Bottom Line

2024 will be remembered as the year AI cemented its place in fintech, beginning
to revolutionize how the industry operates. But none of this innovation can
happen in a vacuum. It requires serious investment in data infrastructure, and
Trump and Sajwani’s $20 billion data center initiative is a clear recognition
of that fact.

As fintech evolves, the marriage of AI and data centers will define its
trajectory. Whether you’re bullish on Trump’s latest venture or skeptical about
its long-term viability, one thing is clear: the fintech revolution is here,
and it’s powered by AI and the data centers fueling its rise.

For more stories around finance and tech, visit our dedicated archives.

This article was written by Louis Parks at www.financemagnates.com.

Feed from Financemagnates.com

MoneyMaker FX EA Trading Robot

read more