Connect with us

Trading

FBS

Published

on

FBS

FBS is a rapidly developing broker, which is becoming more popular among the traders every year. This year FBS celebrates its 8th birthday and the company’s management has happily shared their plans for the future.

The company is very popular in Asia but is also planning to expand into Latin America. A lot of attention will also be paid to the Middle East and Europe. The company works with 16 languages and is currently running projects on localization into 6 more languages, including German and French.

The company considers the improvement of its regional services to be one of the highest priorities in this year. It is planned to multiply the number of local servers to ensure rapid and uninterrupted access to all the services. Furthermore, VPS option is being provided at full throttle – the virtual servers give traders an opportunity to take advantage of all the trading tools, that might be necessary, including 24-hour automated trading.

In 2017, seven new offices are scheduled to be opened, that’s going to improve the client experience – financial operations and local customer support will become more convenient and more accessible.

In addition, FBS is going to continue doing charity in the regions of its presence and is always ready to give a helping hand to people-in-need. The FBS management has informed that the new budget plan entails granting funds on charity as one of the goals.

A greater attention is going to be paid to the educational part – in order to help newbie traders, FBS will widely expand their online and offline educational programs comparing to the previous years. FBS traders will have an access to the unique financial analytics from the leading experts.

Generally, FBS declares to be striving after being at the forefront, implementing brand-new trends, not simply following the existing ones but making up new. The continuous improvement of the products did not go unnoticed by traders – at the FBS Grand Event Thailand, traders expressed their gratitude to the company for its smartly-coordinated and well-performed work, is not it what should drive us to go further on?

The Marketing Department of the company promises that the next year will be full of exciting promotions, the nearest of which is devoted to the FBS’s birthday and is called the Infinite Opportunities. The prize fund is as much as $800, 000 and each participant is going to win something! The company has been famous for its generosity for a long time and many traders have already become the owners of valuable gifts, including Apple gadgets and luxury cars.

FBS is trying to communicate with traders as much as possible to better understand their insights and needs – traders are having lively discussions and sharing their experience on the company’s pages on social media. But this is not enough, FBS is also planning to start an infotainment blog on its official website, where they are going to post the photos from the numerous international company-held events. The FBS is going to increase the number of support channels and start using new trendy messengers.

The phenomenon of Social Trading, which is gaining more and more popularity these days, has not been left unattended either – FBS is planning to launch its own social trading service. So, now traders will be able to interact on a totally new level: rely on the top Forex traders and make more profit.

We wish FBS a lot of success this year and look forward to hearing the latest news from this energetic company!

Trading

Barclays announces new trade finance platform for corporate clients

Published

on

Barclays announces new trade finance platform for corporate clients 1

Barclays Corporate Banking has today announced that it is working with CGI to implement the CGI Trade360 platform. This new platform will provide an industry leading end-to-end global trade finance solution for Barclays clients in the UK and around the world.

With the CGI Trade360 platform, Barclays will provide clients with greater connectivity and visibility into their supply chains, allowing them to optimise working capital efficiency, funding and risk mitigation. By utilising cloud based functionality for corporate banking clients, Barclays will also be able to offer a leading client user experience through easy access and real-time integration to essential information, combined with the latest trade solutions as the industry-wide shift to digitisation continues to accelerate.

This move underpins Barclays commitment to supporting the trade and working capital needs of their clients and reinforces a commitment to innovation that has been central to the bank for more than 300 years.

James Binns, Global Head of Trade & Working Capital at Barclays, said: “We are delighted to announce our move to the CGI Trade360 platform and to have started the implementation process. We have a longstanding partnership with CGI, and the CGI Trade360 platform will mean we can continue delivering the best possible trade solutions and service to our clients for many years to come.”

Neil Sadler, Senior Vice President, UK Financial Services, at CGI, said: “Having worked closely with Barclays for the last 30 years, we knew we were in an excellent position to enhance their systems. Not only do we have a history with them and understand how they work, but part of the CGI Trade360 solution includes a proof of concept phase, which is essentially seven weeks of meetings and workshops with employees across the globe to guarantee the product’s efficiency and answer all queries. We’re delighted that Barclays chose to continue working with us and look forward to supporting them over the coming years.”

Continue Reading

Trading

What’s the current deal with commodities trading?

Published

on

What’s the current deal with commodities trading? 2

By Sylvain Thieullent, CEO of Horizon Software

The London Metal Exchange (LME) trading ring has been the noisy home of metals traders buying and selling for over a hundred years. It’s the world’s oldest and largest metals market and is home to the last open outcry trading floor. Recently however, the age-old trading ring, though has been closed during the pandemic and, just a few weeks ago, the LME announced that it will remain so for another six months and that it is taking steps to improve its electronic trading. This news fits in with a growing narrative in commodities about a shift to electronic trading that has been bubbling away under the surface.

Something certainly is stirring in commodities. The crisis has affected different raw materials differently: a weakening dollar and rising inflation risks bode well for some commodities with precious metals being very attractive, as seen by gold reaching all-time highs. Oil on the other hand has had a tough year and experienced record lows from the Saudi-Russia pricing war. It has been a turbulent year, and now prices look set to soar. While a recent analyst report from Goldman Sachs predicts a bullish market in commodities for the year ahead, with the firm forecasting that it’s commodities index will surge 28%, led by energy (43%) and precious metals (18%).

Increasingly, therefore, it seems that 2020 is turning out to be a watershed moment for commodities, and it’s likely that the years ahead will bring about significant transformation. And whilst this evolution might have been forced in part by coronavirus, these changes have been building up for some time. Commodities are one of the last assets to embrace electronic trading; FX was the first to take the plunge in the 90s, and since then equities and bonds have integrated technology into their infrastructure, which has steadily become more advanced.

The slow uptake in commodities can be explained by several truths: the volumes are smaller and there is less liquidity, and the instruments are generally less exotic, essentially meaning it has not been essential for them to develop such technology – at least not until now. This means that, for the most part, the technology in commodities trading is a bit outdated. But that is changing. Commodities trading is on the cusp of taking steps towards the levels of sophistication in trading as we see in other asset classes, with automated and algo trading becoming ever prominent.

Yet, as commodities trading institutions are upgrading their systems, they will be beginning to discover the extent of the job at hand. It’s no easy task to upgrade how an entire trading community operates so there’s lots to be done across these massive organisations. It requires a massive technology overhaul, and exchanges and trading firms alike must be cautious in the way they proceed, carefully establishing a holistic, step-by-step implementation strategy, preferably with an agile, V-model approach.

The workflow needs to be upgraded at every stage to ensure a smooth end-to-end trading experience. So, in replacement of the infamous ring, these players will be looking to transform key elements of their trading infrastructure, including re-engineering of matching engines and improving communications with clearing houses.

However, these changes extend beyond technology. For commodities players to make a success of the transformation in their community, exchanges need to have highly skilled technology and change the very culture of trading. All of which is currently being done against a backdrop of lockdown, which makes things much more difficult and can slow down implementation.

What is clear is that coronavirus has definitely acted as a catalyst for a reformation in commodities. It is a foreshadowing of what lies ahead for commodities trading infrastructure because, a few years down the line, commodities trading could well be very different to how it is now, and the trading ring consigned to history.

Continue Reading

Trading

Afreximbank’s African Commodity Index declines moderately in Q3-2020

Published

on

Afreximbank’s African Commodity Index declines moderately in Q3-2020 3

African Export-Import Bank (Afreximbank) has released the Afreximbank African Commodity Index (AACI) for Q3-2020. The AACI is a trade-weighted index designed to track the price performance of 13 different commodities of interest to Africa and the Bank on a quarterly basis. In its Q3-2020 reading, the composite index fell marginally by 1% quarter-on-quarter (q/q), mainly on account of a pull-back in the energy sub-index. In comparison, the agricultural commodities sub-index rose to become the top performer in the quarter, outstripping gains in base and precious metals.

The recurrence of adverse commodity terms of trade shocks has been the bane of African economies, and in tracking the movements in commodity prices the AACI highlights areas requiring pre-emptive measures by the Bank, its key stakeholders and policymakers in its member countries, as well as global institutions interested in the African market, to effectively mitigate risks associated with commodity price volatility.

An overview of the AACI for Q3-2020 indicates that on a quarterly basis

  • The energy sub-index fell by 8% due largely to a sharp drop in oil prices as Chinese demand waned and Saudi Arabia cut its pricing;
  • The agricultural commodities sub-index rose 13% due in part to suboptimal weather conditions in major producing countries. But within that index
    • Sugar prices gained on expectations of firm import demand from China and fears that Thailand’s crop could shrink in 2021 following a drought;
    • Cocoa futures enjoyed a pre-election premium in Ghana and Côte d’Ivoire, despite the looming risk of bumper harvests in the 2020/21 season and the decline in the price of cocoa butter;
    • Cotton rose to its highest level since February 2020 due to the threat of storm Sally on the US cotton harvest, coupled with poor field conditions in the US;
    • Coffee rose 10% as La Nina weather conditions in Vietnam, the world’s largest producer of Robusta coffee, raised the possibility of a shortage in exports.
  • Base metals sub-index rose 9% due to several factors including ongoing supply concerns for copper in Chile and Peru and strong demand in China, especially as the State Grid boosted spending to improve the power network;
  • Precious metals sub-index, the best performer year-to-date, rose 7% in the quarter as the demand for haven bullion continued in the face of persistent economic challenges triggered by COVID-19 and heightening geopolitical tensions. In addition, Gold enjoyed record inflows into gold-backed exchange traded funds (ETFs) which offset major weaknesses in jewellery demand.

Regarding the outlook for commodity prices, the AACI highlights the generally conservative market sentiment with consensus forecasts predicting prices to stay within a tight range in the near term with the exception of Crude oil, Coffee, Crude Palm Oil, Cobalt and Sugar.

Dr Hippolyte Fofack, Chief Economist at Afreximbank, said:

“Commodity prices in Q3-2020 have largely been impacted by COVID-19. The pandemic has exposed global demand shifts that have seen the oil industry incur backlogs and agricultural commodity prices dwindle in the first half of the year. The outlook for 2021 is positive however conservative the markets still are. We hope to see an increase in global demand within Q1 and Q2 – 2021 buoyed by the relaxation of most COVID-19 disruptions and restrictions.’’

Continue Reading
Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.

Call For Entries

Global Banking and Finance Review Awards Nominations 2020
2020 Global Banking & Finance Awards now open. Click Here

Latest Articles

Barclays announces new trade finance platform for corporate clients 4 Barclays announces new trade finance platform for corporate clients 5
Trading13 hours ago

Barclays announces new trade finance platform for corporate clients

Barclays Corporate Banking has today announced that it is working with CGI to implement the CGI Trade360 platform. This new...

An unprecedented Black Friday: How can retailers prepare? 6 An unprecedented Black Friday: How can retailers prepare? 7
Business13 hours ago

An unprecedented Black Friday: How can retailers prepare?

Retailers must invest heavily in their online presence and fight hard to remain competitive as a second lockdown stirs greater...

What’s the current deal with commodities trading? 8 What’s the current deal with commodities trading? 9
Trading13 hours ago

What’s the current deal with commodities trading?

By Sylvain Thieullent, CEO of Horizon Software The London Metal Exchange (LME) trading ring has been the noisy home of...

Optimistic outlook for 2021 public M&A 10 Optimistic outlook for 2021 public M&A 11
Business13 hours ago

Optimistic outlook for 2021 public M&A

Optimism is returning and the outlook is positive for the Australian M&A market in 2021 after a COVID-induced crash in...

The ever-changing representation of value 12 The ever-changing representation of value 13
Finance19 hours ago

The ever-changing representation of value

By Vadim Grigoryan, Partner, Lunu Solutions Ask a selection of people about cryptocurrencies and you’ll likely receive a wide range...

Revolut Junior introduces Co-Parent - teach children about money together 14 Revolut Junior introduces Co-Parent - teach children about money together 15
Finance19 hours ago

Revolut Junior introduces Co-Parent – teach children about money together

Premium and Metal customers can invite a team mate to jointly manage their child’s Revolut Junior account Setting Tasks, Goals...

The Next Evolution in Banking 16 The Next Evolution in Banking 17
Banking19 hours ago

The Next Evolution in Banking

By Young Pham, Chief Strategy Officer at CI&T Everything we know about banking is about to change. A new industry...

Equity Sharing – How do you choose the right plan for you? 18 Equity Sharing – How do you choose the right plan for you? 19
Investing19 hours ago

Equity Sharing – How do you choose the right plan for you?

By Ifty Nasir, co-founder and CEO of Vestd, the share scheme platform In a survey of 500 SMEs, nearly half...

Cash was our past, contactless is our present, contextual payments are the future 20 Cash was our past, contactless is our present, contextual payments are the future 21
Top Stories19 hours ago

Cash was our past, contactless is our present, contextual payments are the future

By Jason Jeffreys, founder of FETCH $6tn in the next five years, this is how much the world will spend...

Iron Mountain releases 7-steps to ensure digitisation delivers long-term benefits 22 Iron Mountain releases 7-steps to ensure digitisation delivers long-term benefits 23
Technology20 hours ago

Iron Mountain releases 7-steps to ensure digitisation delivers long-term benefits

Iron Mountain has released practical guidance to help businesses future-proof their digital journeys. The guidance is part of new research that found...

Newsletters with Secrets & Analysis. Subscribe Now