Scandinavian Capital Markets had a successful conference for premier IBs and Forex traders in South Africa, Johannesburg. The event featured organizers and guests speakers such as Michael Buchbinder (Scandinavian Capital Markets), Nick Sproule (Blackstone Futures), Francis Hunt (the Trading Sniper), Stephen Nefdt (Forex Wealth), Richard Goers (ML^ Predictive Analytics Trading), Robert Lotter (SetBot) and others.Continue reading
With a focus on trust, security, and transparency, Scandinavian Capital Markets brings it’s unique approach to South Africa’s Forex industry.
After a successful summit in London back in May hosted by FinanceFeeds, Scandinavian Capital hopes to continue the trend this November. Attendees were able to take an active part in learning about the changes in the industry.
Takeaways from the London Conference
Participants got to hear a lot about the new waves of technology hitting the markets. Discussions took place on artificial intelligence and quantum computing’s potential impacts on the industry.
Yet, for all the feel-good optimism, there was a noticeable lack of meeting current client needs. Traders continue to pay costly fees for this technology. But, they (and the developers) lack a true understanding of the inner-workings and how to exploit its benefits. Traders and investors debated the question of turning over trading to a machine.
Many understood that while clients enjoy experimenting with the new technologies, they aren’t beholden to broker platforms. Still, many retail traders have yet to improve their potential with technology. This leaves the door open to growing the base through better products and services.
Investors Turn Towards South Africa
Many brokerages hope to replicate the results of Australia in South Africa. The similarities in regulations, along with a mature banking industry make the environment ideal. At the moment, the industry remains dominated by a large IB network. These master IB’s deal with both trading and investment portfolios of large clients as well as smaller towns.
Still, the country faces the same ethics challenges as other countries. They rely extensively on trust between the IBs and the brokers. Any problems with the broker roll up to the IBs. This has led to a few unsavory cases. In one instance a brokerage pushed out IB’s with recurring commissions. They then pilfered the clients, cutting out the IB.
These trust issues make it difficult for the b-book dealing desks. IBs hold little trust as they have little control of their business.
The Johannesburg Conference
Directly addressing these issues, Scandinavian Capital hopes to bring their culture and trust into the market. Their focus on trust is rooted in cultural and personal experiences.
The conference centers on the key themes of:
- Commissions for IB’s
- Spread markups
- Execution quality
- Availability of all asset classes on an A-book basis
- How to execute trades fairly
- Providing clients the right tools via the trading platform
- Avoiding irresponsible firms in the retail sector
Register Now to Reserve Your Spot
The schedule for the conference on November 16th is as follows:
10:00 Welcome Coffee Reception
Welcome speech and presentation about Scandinavia’s premier Forex brokerage – Scandinavian Capital Markets by Michael Buchbinder, Managing Partner
11:30 Panel Discussion
The panel discussion will feature global leaders from the Forex and multi-asset trading industry across all sectors. Learn the essential perspectives from Forex expert Stephen Nefdt, asset management specialist Nick Sproule and professional trading platform developer Richard Goers about the new direction in the Forex business.
Panelists will discuss how you can modernize and move forward for a profitable and cutting-edge future in electronic trading.
Additionally, these esteemed leaders will debate how to meet the needs of modern IBs, who need a transparent and trustworthy brokerage partner and want to be treated as a strategic partner rather than a source of multiple deposits.
The panelists also will discuss how to structure a top-quality, client-focused multi-asset trading solution for South Africa’s retail client base via important strategic IB’s across the country.
12:30 Lunch and Valhalla Experience Presentation by Francis Hunt
14:00 Networking and Open Microphone
Participants will meet over 50 leaders from across South Africa, who were selected from every sector of Forex business to make meetings relevant and efficient.
15:00 Closing remarks from Andrew Saks -McLeod, founder at Finance Feeds, co-organizer, and moderator