Broker Updates During Dec. 7-13

Vietnam

Stable Coins

1. The bill named Stablecoin Tethering and Bank Licensing Enforcement Act., proposed by Rashida Tlaib, a democrat from Michigan, along with Congressmen Jesus García and Stephen Lynch, aims to protect consumers from the emerging threats associated with the crypto currency market, and will require anyone that offers stable coins to seek approval by the Federal Deposit Insurance Corporation (FDIC) and other relevant government agencies.

Financial Scam Warning

2. The Spanish financial regulator CNMV warns the public of an emerging type of online scam, dubbed financial chiringuitos, and the increasingly frequent use of remote desktop applications as means of accessing the victims personal banking information.

Digital Euro

3. The President of the European Central Bank (ECB), Christine Lagarde, has stated in a press release that there are important issues that can be learned about the future of payment options from the past – just how coins were largely replaced by the advent of paper forms of currency in the 17th century onward, FIAT money is going to be replaced by its digital counterpart.

Indonesia

Services for Brokerages

4. Forex and CFDs brokerage, M4Markets has selected FXCubic to receive liquidity aggregation and price management services, according to the press release shared with Finance Magnates. Based in London and Cyprus, FXCubic offers ‘low latency and high-performance’ bridging, aggregation, and risk management solutions to both institutional and retail brokerages.

Thailand

Micro Futures

5. UK-based CFD provider Infinox now offers Brazilian investors access to S&P 500 Micro futures.

Japan

Financial Report

6. Quarterly Statistic Report on the Financial Futures Transactions in Japan - Second Quarter （July~September 2020）

Trading Volume

Geographical Distribution of Trading Volume (Domestic , Overseas）

Open positions

Geographical Distribution of Open Positions (Domestic , Overseas）

Overview

Regarding the volume for the current quarter, exchange trading volume was -21.52% compared to the previous term, and the volume of over-the-counter transactions was +1.43% compared to the previous term.

Regarding the open position at the end of the quarter, exchange trading open position was -12.77% compared to the previous term, and over-the-counter transaction open position was +2.22% compared to the previous term.

As a reference, the volume of foreign exchange margin trading in this fiscal year was about 3035.4 trillion yen, which was +77.85% compared to the same period of the previous year.

Commonwealth of Independent States (CIS)

New Domain

7. Broker Grand Capital reported that the old site of the company has moved to the domain grandbroker.com. The broker has simplified the site navigation, leaving only those sections in the main menu that clients used most often. The broker completely redesigned the home page and added some new pages to make it more convenient for customers.

PartnershipAgreement

8. FreshForex has entered into a partnership agreement with the leading licensed forex dealer in the Russian Federation - Alfa-Forex. From November 30, 2020, new clients - residents of the Russian Federation who come to the registration form on the FreshForex website will automatically be offered to open a trading account with Alfa-Forex.