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.
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.
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.”