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The Highlights of the Summit organized by Financial Magnates London
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Loading...The two-day London meeting organized by Finance Magnates is over. The meeting in London was attended by more than 2,000 participants, among whom were the biggest names in the financial industry. The collision of so many people in the financial world has led to many workshops and seminars on the most important of the entire industry.
This year's summit included a more diverse focus from previous years, focusing more on other classes of assets, namely crypto-clay. At the same time, regulations were the first in the list of participants when it came to forex space.
The new regulations have led to many new questions
The new regulations were on a pedestal during the London meeting, perhaps due to its all-embracing nature and upcoming intrusions into the FX and Cripp Space. One of the events included several Chief Executives who are struggling with the nature of the forthcoming regulatory changes.
Of course, the focus was on MiFID II. The fact is that MiFID II comes on January 3, 2018, whether brokers are ready or not. Given this, there seems to be a mixed reaction as to how quickly the new regime will be implemented or, rather, how stringent the measures will be.
Interestingly, during the MiFID II Seminar, Quinn Perot of TRAction says companies can get a small fine for an extended grace period. This will certainly be welcome for many companies that have not yet met the rules.
Cryptocurrencies were also in focus
During the two-day meeting, everyone seemed obsessed with the crypto-lite market. Whether it's brokers looking for LP or those who just want to trade, the biggest difference between the 2017 summit. and the past is the appearance of crypto-lutets. It is no longer a question of whether Blockchain will change the face of the industry, but how and when. During the meeting, the innovative way to raise funds through ICO was also discussed in detail.
Source: Finance Magnates
Jr Trader Petar Milanov
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