#etx capital joe rundle

[fxasker-blog]

WHAT SPREADS DO Cmstrader OFFER ON Cmstrader MARKETS?

WHAT SPREADS DO Cmstrader OFFER ON Cmstrader MARKETS? Read More http://fxasker.com/question/b9254c267c7af98b/ FXAsker

[abigailswager]

Exclusive: Markets.com launches MarketsX platform in Q1: An interview with Joe Rundle

New Post has been published on https://forexbroker.news/exclusive-markets-com-launches-marketsx-platform-in-q1-an-interview-with-joe-rundle/

Exclusive: Markets.com launches MarketsX platform in Q1: An interview with Joe Rundle

LeapRate Exclusive… LeapRate has learned that retail FX broker Markets.com will be launching a new product soon – the MarketsX platform. CEO Joe Rundle joins us today to tell us all about it.

Joe Rundle has been in the Retail FX and CFDs business for 15 years. He began his career at ETX Capital in 2004, working his way up the ranks to become Head of Trading and Partnerships, spending a lot of time along the way helping ETX grow its business abroad, mainly in China. After Arman Tahmassebi was brought in by ETX to be COO in early 2016, effectively blocking his path to the CEO’s office, Mr. Rundle left ETX to join ThinkMarkets in September 2016 (after a brief stopover at GKFX), as was also exclusively reported at the time by LeapRate. He left his position as Director of Trading and Partnerships at ThinkMarkets, and joined Markets.com as its new CEO back in March 2018.

LR: Hi, Joe. You joined Markets.com back in March. Can you let our readers know a little more about the company and the people behind it?

Joe: We are part of the TradeTech Group, the financial division of online gaming and financial trading systems giant Playtech PLC (LON:PTEC), so we’re probably one of the biggest balance sheets in the industry. The TradeTech Group has 3 arms – the B2C arm Markets.com, which I look after; the institutional liquidity provider CFH Clearing; and risk provider Tradetech Alpha.

LR: You left ThinkMarkets to become Markets.com CEO. Apart from the obvious (the CEO position), what else attracted you to Markets.com.

Joe: Like I said, the balance sheet and the backing of Markets.com is huge. We’re as good as, if not bigger than IG Group and Saxo. And I think the way the regulations are changing and the world is evolving, the bigger players will become even bigger and more prominent, and I saw a real opportunity to drive markets forward and have a sustainable, very big company become one of the dominant players in the industry.

LR: Indeed the regulations are changing. There have been a lot of changes lately in the Retail FX broker space, driven both by regulation (like ESMA’s leverage cap) and increasing competition. From your unique perspective, what changes do you envision for the industry in the coming months?

Joe: I think ESMA decisions are becoming permanent across countries anyway, so they are going to become part of the framework. I imagine other regulators like Australia and other countries will follow soon, maybe in slightly different terms, but they will. This is something we welcome – we want the regulations to protect the customer, to help the customer grow. I think that’s going to be a theme for the year. You mentioned the increasing competition – I think initially a lot of people will be driven out of Europe into offshore brokers. That will reverse at a period of time and I think there will be a period of consolidation in the industry. The industry is going to be less profitable for the smaller players to play. There will be a much more change and focus to the customers and creating new products. Things like wealth management and stock trading will be the themes for the coming years.

LR: Throughout your career you’ve always been at London-based, FCA regulated brokerages, while Markets.com is a Cyprus based, CySEC licensed broker. Do you experience any differences so far?

Joe: Markets.com is globally regulated. We are headquartered in Cyprus, but we have regulations everywhere – Australia, South Africa, Virgin Islands. The framework within Europe is fairly similar. There was a perception previously that the Cyprus regulators were slightly easier to deal with, but I think that’s an incorrect perception. The Cypriot regulators offer very good protection to customers, so I think the regulations are there to work with customers, to protect them and to create a framework that allows the industry to flourish. The Cypriot regulator and the FCA regulators are the global counterpart, so we’re all doing that, and like I said – we see ourselves as global, not Cypriot.

LR: How do you see Markets.com setting itself apart from the crowd? Any new services now offering?

Joe: We control our own technology which I think is super important. We’re going to be launching a product aimed at higher value clients called MarketsX towards the end of this quarter. We offer clients unique trading tools, we’re really trying to empower the customer to be able to make all these trading and investment decisions through us, so we have a number of unique tools we’re going to carry on launching for the year. That’s just because we control our own technology and we can do this. It really does set us apart and will allow us to carry on growing above other brokers.

LR: What can we expect to see from Markets.com going forward?

Joe: The MarketsX is the solid name on our Q1 list. We’ll also have a number of new tools and features released soon – we will definitely let you know about them all. Everything in Markets.com is designed to be the home for traders. Customers can come to us, decide all their investment, make their own decisions, and then trade if they choose to.

Read More

[inhandnetworks-blog]

Wall Street Opens Sharply Lower After Weak China Data; Major Indexes Down 2 Percent

www.inhandnetworks.com

Wall Street opened sharply lower on Tuesday after weak data from China heightened fears of a slowdown in the world's second-largest economy and its effect on global growth.

All three major indexes were down about 2 percent just after the start of trading.

Data showed that China's manufacturing sector shrank at its fastest pace in three years. The services sector, one of the lone bright spots in the country's economy, also showed signs of cooling.

Business Emails and Alerts- Get the best of Newsweek Business delivered to your inbox

China's official manufacturing Purchasing Managers' Index (PMI) fell to 49.7 in August from 50.0 in July.

"The PMI was below 50, which is a psychologically important level and puts into real focus the fact that China is contracting," said Joe Rundle, a senior sales trader at ETX Capital.

"With the weak data coming out, we're going to see the negative sentiment from the last few weeks continuing."

Growth in the U.S. manufacturing sector slowed to its weakest pace in almost two years in August, according to a report from financial data firm Markit.

Adding to the nervousness, International Monetary Fund head Christine Lagarde said global economic growth was now likely to be weaker than had been expected just a few months ago.

At 9:42 a.m. ET the Dow Jones industrial average was down 344.01 points, or 2.08 percent, at 16,184.02. The S&P 500 was down 39.55 points, or 2.01 percent, at 1,932.63 and the Nasdaq composite was down 85.37 points, or 1.79 percent, at 4,691.14.

All the 10 major S&P sectors were lower with the energy index's .SPNY 2.93 percent fall leading the decliners. Oil prices fell more than 4 percent, snapping three days of strong gains, after the weak data from China. Oil majors Chevron and Exxon  were down about 3 percent. [O/R]

Wall Street ended lower on Monday and wrapped up its worst month since 2012 after Federal Reserve Vice Chairman Stanley Fischer's comments appeared to indicate a U.S. interest hike ths month.

The Institute for Supply Management's index of U.S. factory activity is due at 10 a.m. ET and is expected to have slipped to 52.6 in August from 52.7 in July.

Netflix was down 4.4 percent at $109.94 after Variety reported that Apple was looking to move into the original programming business to compete with video streaming companies. Apple fell 1.3 percent to $111.39.

Dollar Tree fell 5.9 percent to $71.66 after its quarterly sales rose less than analysts expected.

Declining issues outnumbered advancers on the NYSE by 2,492 to 264. On the Nasdaq, 2,091 issues fell and 359 advanced.

The S&P 500 index showed no new 52-week highs and seven new lows, while the Nasdaqrecorded four new highs and 17 new lows.

Tags: Industrial IoT Manufacturer, Industrial IoT Connectivity, industrial IoT Gateway, M2M IoT gateway, M2M IoT router, M2M Communication, industrial router, industrial wireless router,industrial M2M router, cellular router, industrial LTE router, Industrial VPN router, Dual SIM M2M router, industrial Wi-Fi router, entry-level industrial router, industrial cellular router,Industrial Wireless M2M, industrial 3G router, Embedded LTE Cat 1 Router, industrial LTE Cat 1 Router, Android Industrial Computer, Industrial Cellular Modem, Industrial 3G Modem, M2M IoT Solutions, Industrial IoT Solutions, Wireless M2M & IoT Solutions , Overhead Line Monitoring, Distribution Power Line Monitoring, Grid Analytics System, Smart Grid, Smart Vending, touchscreen vending, cashless vending, cloud VMS, vending retrofit, Wireless ATM, Remote Automation, Secure Remote Networks, IoT solutions for Industrial Equipment , Machine Remote Monitoring, inhand, inhand network, inhand networks, branding, 品牌设计, 标志设计, 室内设计, 菜单制作, 包装设计, 商业摄影, 视频制作, 网站开发, logo, interior, menu, packaging, photography, video, interior design, graphic design, website,packaging design, branding, 品牌设计, 标志设计, 室内设计, 菜单制作, 包装设计, 商业摄影, 视频制作, 网站开发, logo, interior, menu, packaging, photography, video, interior design, graphic design, website, packaging design, 崀山, 崀山科技, 崀山科技全球服务中心, LangShan Technology Global Service Center, LangShan Technology, LangShan, china webdesign, seo, web design, 企业建站, SEO, joomla template, joomla webdesign, joomla web design, joomla seo, wordpress themes, wordpress webdesign, wordpress web design, wordpress seo, magento themes, magento webdesign, magento web design, magento seo, opencart themes, opencart webdesign, opencart web design, opencart seo, prestashop themes, prestashop webdesign, prestashop web design, prestashop seo, inhand networks, inhandnetworks, InHand Networks - Global Leader in Industrial IoT, Global Leader in Industrial IoT