Retail FX space has been historically a crowded and diversified marketplace, yet it remains interesting to find out how players in this industry are able to differentiate themselves or meet client demand. And more importantly, the relevant regulations dramatically changed and thus have set on a new path for retail trading sectors, with more protection for clients and more stringent rules for brokers.
We caught up with Mr. Michael Walker, Managing Director at BlackBull Markets, to discuss industry hot trends, recent market vulnerabilities, Reddit-spurred trading frenzy and what brokers should keep in mind as they prepare for the next normal.
BlackBull Markets is an ECN broker based in New Zealand, offering hundreds of tradeable instruments on the MT4 and MT5 platforms. Founded in 2014, BlackBull is licensed by the New Zealand Financial Markets Authority and the Financial Services Authority (FSA) of Seychelles.
Could you please detail your professional background, and what did you initially seek to achieve upon establishing BlackBull Markets?
Hello and first of all, thank you for the opportunity to talk to you today about some of my experience and the story behind BlackBull Markets. Leading up to 2014 I had an opportunity to see the retail side of the industry and identified a demand that was not being met by the existing providers in the market. I believe I’ve always had a keen interest in the financial services sector and a passion for delivering an institutional experience to retail traders. It was this opportunity and focus that led to the…