Category Archives: Industry Events Participation

Financial Commission Successfully Participated in IFX Expo 2017 in Cyprus

June 6, 2017: Financial Commission, a leading external dispute resolution (EDR) organization, operated by FinaCom PLC, and serving the online forex and CFD brokerage industry, is pleased to announce a successful participation as an exhibitor at the 2017 iFX Expo International that just concluded last week in Cyprus.

As one of the largest industry conferences attended by the online brokerage industry, the iFX Expo International event in Cyprus saw over 3500 attendees and industry delegates including regulators, legal and compliance experts and financial technology and brokerage companies.   

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Located again this year at the Spyrou Kypriannou stadium, Financial Commission’s booth was located near the iFX Expo entrance enabling our staff to exhibit and interact directly with attendees. Financial Commission Chairman, Peter Tatarnikov was interviewed by local media agencies, sharing insights about industry developments and Financial Commissions’ expansion.

 

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Artem Karpichenko – Senior Operation Oficer

Michael Greenberg – FinaCom Board Member, CEO Finance Magnates

Peter Tatarnikov – FinaCom Chairman

Alexey Pavlenko – FinaCom Board Member

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Michael Greenberg – FinaCom Board Member, CEO Finance Magnates

Peter Tatarnikov – FinaCom Chairman

Alexey Pavlenko – FinaCom Board Member

 


On day 1 of the event, May 24th, Mr. Tatarnikov participated as a guest speaker on the Regulation panel that was part of the event agenda. Mr. Tatarnikov joined a diverse panel of industry experts and talked about common regulatory challenges faced by the global forex and CFD brokerage community.

Mr. Tatarnikov commented: “iFX Expo International 2017 proved to reconfirm many of our views on the direction of global regulatory changes. Whether a company is unregulated or licensed in several jurisdictions, we have demonstrated that membership with Financial Commission can help improve client experiences in the inevitable cases when dispute resolution is needed and while enhancing broker’s own compliance protocols.”

Mr. Tatarnikov added: “Our proven approach to remedying complaints and commitment to education and best practices are some of the reasons that significant interest continues to be shown from both brokerages and platform technology developers who see the benefits of joining Financial Commission to enhance their own self-regulatory efforts. We are very pleased to have participated at this important industry event and extend our thanks to the organizers, media and our members and supporters.”

 

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Peter Tatarnikov – FinaCom Chairman

 

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Peter Tatarnikov – FinaCom Chairman

Maor Lahav – FinaCom DRC Member, COO and co-founder of Panda Trading Systems

The event concluded on day two with a speech by the, Dimitra Kalogerou, Chairman of the Cyprus Securities and Exchange Commission (CySEC), where the theme of MiFID II was emphasized as radically changing European markets as it goes into effect in January 2018.

In addition to MiFID II changes – which was a major theme throughout the event – other global topics related to best execution in Forex and off-exchange markets were also on the forefront of many discussions.

Financial Commission observed that while more regulations are coming to different jurisdictions, there is also an increased need for self-regulatory efforts in both established and evolving regulatory hubs as companies strive to demonstrate and maintain high standards of compliance.

Following a successful event at the iFX Expo in Hong Kong earlier this year, Financial Commission is pleased to report the same momentum carrying into iFX Expo in Cyprus based on the feedback from market participants who showed interest in our membership-based organization. For more information about our membership requirements, please contact us.

Financial Commission Successfully Participated in Asia Trading Summit

April 12, 2017, Financial Commission, a leading External Dispute Resolution (EDR) organization, operated by FinaCom PLC, servicing online brokerages and technology providers within the financial services industry is pleased to announce its recent successful participation at the Asia Trading Summit in Shanghai.

asia-summit1 Financial Commission took part in Asia Trading Summit in Shanghai on March 29th through the 31st at the Shanghai Exhibition Centre, with over 3,000 professional traders and industry executives and more than 50 exhibitors present.

Our representatives met in person with event delegates and helped answer questions while increasing industry awareness of Financial Commission’s efficient dispute resolution process and membership benefits.

In addition, there were over 20 senior financial experts who participated in various panels and theme-focused workshops.

 

During the event, many asian oriented brokerages indicated interest in applying for membership with the Financial Commission, reflecting an increase year-over-year compared to the 2016 iFX EXPO Asia in Hong Kong, as interest in client education and maintaining positive customer relationships remains of paramount importance.

 

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Lidia Bekenova – Senior Relationship Manager

Roberto d’Ambrosio – CEO Alpari Research & Analysis

Artem Karpichenko – Senior Operation Officer

Lidia Bekenova – Senior Relationship Manager

Artem Karpichenko – Senior Operation Officer

Tai Jiang – Founder and CEO of FX168

 

Commenting about the event participation, Financial Commission Chairman, Peter Tatarnikov said, “We are proud to announce another successful participation in Asia Trading Summit in Shanghai and want to thank all our members and delegates at the event that showed support.”

“We are excited to see such great interest from Asian market participants in services we providing. The participation in Asia Trading Summit shows great necessity in mediation services we providing for our Members from the side of Asian brokers and this is the first step to expand in Asian region helping native companies to handle dispute resolution and improve its overall activity. Thus, we are expecting significant growth in the number of Asian brokerages becoming members of the Financial Commission by the next year.”

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Mr. Tatarnikov added: “Financial Commission is well positioned to accommodate demand from firms in Asia that want the benefits of providing their clients with fair and efficient dispute resolution by becoming members.”

To learn more about how Financial Commission provides companies and their clients with an effective dispute resolution channel visit FinancialCommission.org or contact us to learn more about membership requirements.

Financial Commission Successfully Participated in 2017 iFX Expo Asia

March 7, 2017, Financial Commission, a leading External Dispute Resolution (EDR) organization, operated by FinaCom PLC, servicing online brokerages and technology providers within the financial services industry is pleased to announce its recent successful participation at the iFX EXPO Asia in Hong Kong.

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Financial Commission took part in iFX EXPO Asia in Hong Kong on February 21st through the 23rd at the Hong Kong Convention and Exhibition Center, with over 80 exhibitors and sponsors and more than 2,500 attendees present.

Our representatives met in person with event delegates and helped answer questions while increasing industry awareness of Financial Commission’s efficient dispute resolution process and membership benefits.

In addition, there were over 30 industry speakers who participated in various panels and theme-focused workshops, including Andrew Ralich, a member of Financial Commission’s Dispute Resolution Committee (DRC), among other distinguished industry figures.

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Anatoly Bulanov – FinaCom Head of Dispute Resolution Committee 

Michael Greenberg – FinaCom Board Member, CEO Finance Magnates

Artem Karpichenko – Senior Operation Officer

Anatoly Bulanov – FinaCom Head of Dispute Resolution Committee 

Artem Karpichenko – Senior Operation Officer

Lidia Bekenova – Senior Relationship Manager

 

During the event, at least 8 brokers indicated interest in applying for membership with the Financial Commission, reflecting an increase year-over-year compared to the 2016 iFX EXPO Asia in Hong Kong, as interest in client education and maintaining positive customer relationships remains of paramount importance.

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Anatoly Bulanov – FinaCom Head of Dispute Resolution Committee 

Andrew Ralich – Co-Founder oneZero Financial, 

Anatoly Bulanov – FinaCom Head of Dispute Resolution Committee 

Lidia Bekenova – Senior Relationship Manager

Commenting about the event participation, Financial Commission Chairman, Peter Tatarnikov said, “We are pleased to have exhibited at yet another successful event in Hong Kong at this year’s iFX EXPO Asia and extend many thanks to our members and delegates at the event that showed support.”

“Asia remains an important region for Financial Commission to support due to the high growth of new market entrants from mainland China, and an evolving regulatory landscape across ASEAN economies for brokers and trading technology developers.”

Mr. Tatarnikov added: “Financial Commission is well positioned to accommodate demand from firms in Asia that want the benefits of providing their clients with fair and efficient dispute resolution by becoming members.”

To learn more about how Financial Commission provides companies and their clients with an effective dispute resolution channel visit FinancialCommission.org or contact us to learn more about membership requirements.

The Financial Commission Chairman – Peter Tatarnikov took part in the press lunch dated for discussion of the bill on forex market regulation in Ukraine

October 12, 2016 – Kiev: Peter Tatarnikov, Chairman of the Financial Commission (FinaCom PLC) – leading External Dispute Resolution (EDR) organization servicing online brokerages and technology providers within the financial services industry, took part in the press lunch dated for discussion of the bill on forex market regulation in Ukraine. During the event such topics as lack of the legislation regulating forex market in Ukraine, vulnerability of private investors, the most effective approaches to regulation of the forex market, the liability of Ukraine towards investors and others were discussed.

During a press lunch its participants announced their vision of the forex market regulation problem on the territory of Ukraine, shared foreign experience, answered journalists’ questions and gave several examples of forex regulation in Western countries, in particular, Peter expressed his opinion concerning necessity of formation of the compensational fund, which would enable client of financial services providers to call in their funds in case of market participants bankruptcy. The event was also attended by Roberto d’Ambrosio – CEO of Alpari Research, Vitaly Shapran, member of the Executive Committee of Ukrainian society of financial analysts (USFA) and Natalia Evseeva – Director of Alpari official partner in Kiev. Press lunch has also been widely reported in many Ukrainian media, including: Finance.ua, Business capital, Hubs, Business channel and other media.

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It should be noted that the issues under discussion today are the most relevant due to the fact that legal mechanisms of regulation of forex market in Ukraine is not developed what does not allow to create necessary conditions for development of and integration into the global forex market, even in comparison with neighbouring countries such as Belarus or Russia, where the laws on the regulation of the financial markets was taken not so long ago.

Financial Commission (FinaCom PLC) and ARFIN (Belarus) have signed a memorandum of understanding

Minsk, July 22, 2016: Financial Commission, operated by FinaCom Plc, and catering to the financial services industry as an external dispute resolution (EDR) organization, today announces the signing of a Memorandum of Understanding (MoU) with the Association of Financial Market Development (ARFIN).

The MoU provides a basis to develop favourable conditions to support the Foreign Exchange market for ARFIN members and was signed during a meeting between Financial Commission Chairman, Peter Tatarnikov, ARFIN Chairman, Alexey Sidorov and representatives of the National Bank of the Republic of Belarus.

The MoU will enable cooperation to improve the dispute resolution process in Belarus, and the exchange of information between both organizations.

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v vvv ARFIN, a non-profit organization with voluntary membership structure, together   with Financial Commission,  will cooperate to improve the field of dispute resolution, by consolidating and creating a streamlined approach, as part of the   MoU.

Financial Commission Chairman, Peter

Tatarnikov and  ARFIN Chairman, Alexey Sidorov

 

Before the MoU was signed during the meeting, mutual channels of cooperation were discussed and explored, including how the proposed framework would best suit all parties involved including underlying market participants.

The National Bank of the Republic of Belarus has been active in implementing new decrees and related rules with regard to forex companies,  and which are support by ARFIN in the region.

In addition, the framework of the MoU will enable both parties to adjust the type of information exchanged and conduct mutual consultations on industry issues that will be carried out together.

More information about ARFIN and its membership structure, including contact information is available on arfin.by which is the organization’s website.

The MoU reflects Financial Commission’s ability to collaborate with national and independent industry associations, such as ARFIN, in order provide value through such synergies within the financial services industry internationally.

To learn more this MoU and about Financial Commission, please contact us or visit FinancialCommission.org.

Financial Commission Successfully Participated in 2016 iFX Expo in Lymassol

Financial Commission is pleased to share this update following successful participation as an exhibitor at the 2016 iFX Expo in Cyprus which just took place at the end of May, regarding recent developments within the online trading industry.

Unlike prior events that Financial Commission has participated in, at the Cyprus event last month, a list of our member’s logos were prominently displayed alongside our exhibitor booth – emphasizing the number companies that have joined – and each company’s brand.

The addition of the 15 members brands on our booth had resulted in a large degree of curiosity from attendees and increased awareness that led them to ask questions about Financial Commission.

In addition, this year the booth that Financial Commission reserved for its exhibitor stand was in a very prominent location across the venue’s floor map, adding to the increased exposure to the event’s industry delegates that was received.

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Financial Commission is pleased to share that three new companies have taken steps to obtain approval to join as members and which we will provide further updates regarding their progress in due time.

Furthermore, many companies that had prior dialogue with Financial Commission had the opportunity to meet face-to-face and talk with our representatives at the event.

The feedback that Financial Commission received during the event from industry media resources, attendees, and fund managers was highly supportive.

A common theme observed from comments we received reflected the ongoing need for firms to consider the benefits of joining an external dispute resolution (EDR) such as the Financial Commission – which brings unmatched industry experience for the benefit of members and their clients. This is due in part to the importance of client retention coupled with maintaining client’s trust through the use a 3rd party in times when trade disputes arise – which can be common for new market entrants with limited trading experience – including for more advanced traders.

Around time of the event, Financial Commission Chairman Peter Tatarnikov had an opportunity to give a few interviews including to local TV channels as well as to Internet media resources for the financial industry.

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Mr. Tatarnikov commented regarding the event participation: “After a successful event at the iFX Expo International in Hong Kong during the prior quarter, we optimized our approach in order to engage more effectively with attendees during the Cyprus iFX Expo in May.”

“Our goal is to continually demonstrate Financial Commission’s benefits to the online trading industry while garnering interest from market participants who consider joining. I’m pleased to share that we have wrapped up another successful event.”

 

 

Financial Commission Participated in 2015 Finance Magnates London Summit

The Financial Commission, operated by FinaCom PLC, is pleased to report that it has concluded a successful event after participating in the Finance Magnates London Summit last week, on November 2nd and 3rd.

During this important event, senior executives of top Forex, financial and business supporting firms have addressed the industry’s hottest trends and most pressing issues.

Financial Commission Exhibitor Booth

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Financial Commission Founders

Michael Greenberg CEO Finance Magnates

Peter Tatarnikov COB Financial Commission

Peter Tatarnikov COB Financial Commission

Andrey Vedikhin Longtime FX industry veteran

Broker-Members of the Financial Commission were able to meet with the organization’s representatives, including DRC members who were present at the event and had visited the Commission’s dedicated exhibitor booth.

Participation in the Finance Magnates London event supports the industry and provides market participants with the chance to learn more about the Financial Commission’s role in the industry.

This includes how the organization is helping its members improve the services they offer to clients using a 3rd party dispute resolution process afforded via membership status within the Financial Commission.

Financial Commission have reached few agreements  during event and will announce new Members soon.

Financial Commission Chairman Peter Tatarnikov joins CRFIN advisory board

Financial Commission, an independent provider of efficient compliance solutions and self-regulatory framework for forex, binary options and CFD brokers continues to develop work relationship with Russia-based SRO CRFIN.

Two months after announcing cooperation between FinaCom LTD and CRFIN, Peter Tatarnikov becomes 25th member of advisory and consultative board under the Chairman.

CRFIN is a Self Regulatory Organization (SRO) for online forex brokerages in Russia. CRFIN has a strong presence in the Russian Forex industry and has steadily evolved since it was founded in 2010.

Financial Commission and CRFIN Announcing Cross-Collaboration

Financial Commission, an independent provider of efficient compliance solutions and self-regulatory framework for forex, cryptocurrency, binary options and CFD brokers, is pleased to announce a partnership with Russia-based Center for Regulation in OTC Financial Instruments and Technologies (CRFIN).

CRFIN is a Self Regulatory Organization (SRO) for online forex brokerages in Russia. CRFIN has a strong presence in the Russian Forex industry and has steadily evolved since it was founded in 2010 and was an ideal partner for region.

The partnership announced today between FinaCom LTD and CRFIN will allow members of Financial Commission- in certain cases – to use services of both organizations.

Dispute Resolution

CRFIN and Financial Commission agreed to coordinate complaints resolution process with each other. In particular, it involves the joint consideration of claims, transfers of claims, as well as mutual exchange of expertise to ensure effective resolution of disputes.

Advising on Future Developments in Russia

In addition, Financial Commission will provide certain of its services to CRFIN to help develop the existing and future regulatory framework in Russia with regards to solutions already proven effective by Financial Commission and based on the unique challenges facing the FX landscape in Russia.

Commenting on the announcement, Financial Commission Chairman Peter Tatarnikov said “CRFIN has evolved into a leading SRO in Russia and the agreement with Financial Commission made sense as both organizations strive towards a common goal and serves unique needs of the online trading industry. We believe this synergy with CRFIN will help current and future members in a variety of scenarios.”

To learn more about CRFIN please visitwww.CRFIN.ru , or contact Financial Commission to learn more about membership benefits onwww.financialcommission.org

Financial Commission Participated in Forex Magnates London Summit

London-summit_Logo The Financial Commission, operated by FinaCom PLC, is pleased to report that it has concluded a successful event after participating in the Forex Magnates London Summit last week, on November 18th and 19th.

 

The event – visited by over 1000 attendees – is one of the few places where industry professionals from the online brokerage space are able to meet and discuss key challenges and developments affecting financial services firms that cater to traders in forex, CFD, Binary options and Cryptocurrency markets.

Financial Commission Exhibitor Booth

Juan Pablo Jutgla booth
Juan Jutgla CEO Better Way Consulting

and Peter Tatarnikov COB Financial Commission

Zack Ioannou VP Financial Commission

 

Broker-Members of the Financial Commission were able to meet with the organization’s representatives, including DRC members who were present at the event and had visited the Commission’s dedicated exhibitor booth.

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Akin Abbak Managing Partner Abbak Attorneys at Law

and Peter Tatarnikov COB Financial Consulting

Zack Ioannou, Akin Abbak and Peter Tatarnikov

 

In addition to exhibiting at the event, where Commission staff interacted and provided educational information to attendees on the benefits of joining the Financial Commission, a presentation was also held by the organization’s Chairman, Peter Tatarnikov.

Presentation Regarding Ibinex

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Financial Commission Chairman Peter Tatarnikov conducted a presentation explaining the commission’s role in providing compliance oversight to Ibinex – a newly developed Cryptocurrency ECN – that is set to go live as a solution for brokers in coming months.

The launch of Ibinex and the role that the Financial Commission has in supporting the exchange’s operation had been previously announced, and the preliminary feedback after the presentation at the event showed that a lot of companies are interested in a Cryptocurrency product that could be packaged via a regulated exchange such as Ibinex.

In addition, Chairman Tatarnikov highlighted the role that the Financial Commission plays in helping to support brokerages and their clients by providing a non-biased solution tailored specifically based on the financial products offered, and how the Commission can help provide added value in the customer-broker relationship journey.

Comments On Outcome of Event

While the event has just concluded, Chairman Tatarnikov commented regarding the outcome, “The Financial Commission has a proven business model for some time already, considering the number of brokers who have joined as members and the cases we have processed, so the ability for us to explain these benefits to attendees at the Forex Magnates London Summit was a fantastic platform to get our message out. That message is simple, we can help the industry solve a common challenge of mediating client disputes when all else fails, and this is key to helping improve or manage customer relations in such cases.”

Just as participation in the Forex Magnates London Summit last year had led to a number of improved business developments, this year’s event was perceived just as beneficial since interest and feedback was positive from industry participants, and the event saw a high number of attendees.

For more information on the latest developments and to learn more about the Financial Commission, please contact us today.