While the UK FSA has had some ideas about how to approach the ever growing cryptocurrency, blockchain and overall the entire fintech industry, another financial regulatory body is taking serious steps to do the same thing. The Indonesian FSA, also known as OJK, has created an online registration platform so as to more efficiently oversee…
Read moreBank Indonesia, the central bank of The Republic of Indonesia announced today they will integrate Bloomberg’s commission-free foreign exchange trading platform, Bloomberg FXGO, into its real-time trade monitoring system (SISMONTAVAR). This direct connectivity will enable banks and securities firms in Indonesia to conduct FX transactions seamlessly on their Bloomberg Professional service – from pre-trade and…
Read moreBank Indonesia says the prohibition against foreign currency in domestic transactions is intended to reduce reliance on the dollar and other foreign currencies and mitigate against capital outflows
Read moreFinTech firm GBX Technologies has entered into a strategic relationship with Jakarta Futures Exchange as Indonesia continues to be a region of great interest to electronic trading firms.
Read moreGlobal foreign exchange reserves may have fallen in the third quarter for the first time since the financial crisis as central banks stepped up interventions to prevent their currencies from falling too sharply. As the U.S. Federal Reserve gears up to raise interest rates next year, dollar-funded "carry trades", in which traders borrow in low…
Read moreWith emerging markets in the Asia Pacific region and the Indian Subcontinent remaining the focus of many retail FX firms, Alpari courts the Eastern markets by adding language support for India and Indonesia
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