The Financial Commission (FinaCom), the independent external dispute
resolution (EDR) body for the forex
Forex
Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi
Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi
Read this Term industry, has appointed Sam Low, the
Founder and Chief Executive Officer of LiquidityFinder, as the latest member of
its Dispute Resolution Committee. The organization noted that Low is the 34th
industry expert to join the Committe since its founding in 2013.
“The DRC consists of a diverse panel of industry professionals, who
follow a non-bias protocol to process and resolve complaints from our members’
clients,” FinCom said in a
statement.
Low founded LiquidityFinder in February 2018 and has been running the
over-the-counter global marketplace that connects liquidity
Liquidity
The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent
The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent
Read this Term seekers and
industry providers for over five years now. The platform serves users such as
professional traders, asset managers, retail brokers and banks, among others.
The Founder boasts of almost three decades of career experience from
working with top organizations such as Finalto, Bloomberg LP and First
Derivatives. Before founding LiquidityFinder five years ago, he was the
Business Development Manager for Europe, Middle East and Africa (EMEA) at First
Derivaties Technologies for almost four years.
In March 2013, he joined Finalto in a Sales role that lasted for only
two months. However, he stayed much longer at Integral Development Corporation
where he spent almost 10 years serving as the Vice President of European Sales.
Watch the recent FMLS22 session on how fintech regulation will pan out in 2023.
Low started out his career at Bloomberg LP working with the terminal
sales team in Februarry 1997 and would spend the seven years and seven months
with the company. Between September 2004 and March 2006, he handled new business
sales for SuperDerivatives Inc, a provider of derivatives market data,
technology and valuation services.
“I am pleased to welcome Sam to our dispute resolution team. Given his
extensive experience in the industry, particularly in institutional FX, and
geographically in the UK, he will be a valuable asset to the Dispute Resolution
Committee in helping us continue our commitment to providing thorough
investigations of trade-related disputes and sound dispute resolutions,”
explained Nikolai Isayev, FinaCom’s Chief Operating Officer.
Compensation Sought by FX Traders Declines in 2022
Meanwhile, Finance Magnates recently reported that the total
compensation sought by forex traders from brokerages across the world in
2022 declined by 17% to $12.4 million
last year. However, those that sought reparations from members of the FinaCom
jumped 76% to $7.4 million.
Similarly, total compensation sought by forex traders during the fourth
quarter of last year decreased by 3% quarter-over-quarter as the total reached
$3.3 million during the period. On the contrary, compensation demanded from
brokers that are members of FinaCom shot up by 66% during the quarter.
The Financial Commission (FinaCom), the independent external dispute
resolution (EDR) body for the forex
Forex
Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi
Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi
Read this Term industry, has appointed Sam Low, the
Founder and Chief Executive Officer of LiquidityFinder, as the latest member of
its Dispute Resolution Committee. The organization noted that Low is the 34th
industry expert to join the Committe since its founding in 2013.
“The DRC consists of a diverse panel of industry professionals, who
follow a non-bias protocol to process and resolve complaints from our members’
clients,” FinCom said in a
statement.
Low founded LiquidityFinder in February 2018 and has been running the
over-the-counter global marketplace that connects liquidity
Liquidity
The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent
The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent
Read this Term seekers and
industry providers for over five years now. The platform serves users such as
professional traders, asset managers, retail brokers and banks, among others.
The Founder boasts of almost three decades of career experience from
working with top organizations such as Finalto, Bloomberg LP and First
Derivatives. Before founding LiquidityFinder five years ago, he was the
Business Development Manager for Europe, Middle East and Africa (EMEA) at First
Derivaties Technologies for almost four years.
In March 2013, he joined Finalto in a Sales role that lasted for only
two months. However, he stayed much longer at Integral Development Corporation
where he spent almost 10 years serving as the Vice President of European Sales.
Watch the recent FMLS22 session on how fintech regulation will pan out in 2023.
Low started out his career at Bloomberg LP working with the terminal
sales team in Februarry 1997 and would spend the seven years and seven months
with the company. Between September 2004 and March 2006, he handled new business
sales for SuperDerivatives Inc, a provider of derivatives market data,
technology and valuation services.
“I am pleased to welcome Sam to our dispute resolution team. Given his
extensive experience in the industry, particularly in institutional FX, and
geographically in the UK, he will be a valuable asset to the Dispute Resolution
Committee in helping us continue our commitment to providing thorough
investigations of trade-related disputes and sound dispute resolutions,”
explained Nikolai Isayev, FinaCom’s Chief Operating Officer.
Compensation Sought by FX Traders Declines in 2022
Meanwhile, Finance Magnates recently reported that the total
compensation sought by forex traders from brokerages across the world in
2022 declined by 17% to $12.4 million
last year. However, those that sought reparations from members of the FinaCom
jumped 76% to $7.4 million.
Similarly, total compensation sought by forex traders during the fourth
quarter of last year decreased by 3% quarter-over-quarter as the total reached
$3.3 million during the period. On the contrary, compensation demanded from
brokers that are members of FinaCom shot up by 66% during the quarter.
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