PR: Broker Platform Serenity – Why Do We Need Another Mediator Between the Market and the Trader?

Broker Platform Serenity

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Author: Vasily Alexeev, Serenity CTO

One of the most notable projects in the Internet trading sector with a daily turnover of USD 5 trillion – Serenity ICO – kicked off its main ICO round.

Speaking about this notable event with a revolutionary idea, big team, an event which is supported by many brokerage companies and financial industry experts, we should first understand how the retail forex market works.

A market with a daily turnover of trillions of dollars

The forex market is an over-the-counter exchange market. This market has no specific center where the offer and demand are formed. In fact, its existence is due to the need for international exporters and importers to pay for their supplies, goods, and services in a particular currency. Such activities are carried out by major international banks. With the change of time zones, some banks start working while others are closed. Therefore, the process of currency exchange does not stop on business days. Operations are interrupted only on weekends and holidays. To date, Forex is the world’s largest financial market, far exceeding in volume the stock, bond, oil, gold and any other asset markets.

The fact is that the main purpose of Forex is to ensure the operation of international trade. There is no absolutely self-sufficient national economy in the world; each country, represented by both private and public companies, imports and exports various goods and services. For example, France buys oil from Nigeria for dollars, Nigeria acquires technology from Germany for euros, Germany buys coffee from Brazil for dollars, and Brazil, in turn, buys machines from Japan for yens: millions of economic agents around the world need foreign currency to pay for supplies from abroad. The global flows of goods and services generates demand for foreign currency and, as a result, its offer. As a rule, companies acquire foreign currency from banks, and the latter, in turn, buy and sell on Forex independently or through larger banks, accumulating the demands of their customers. Thus, foreign currency is generally acquired for any own, non-speculative purposes. In addition to large private banks, Forex involves Central Banks of States that buy large amounts of foreign currencies to replenish their own reserves, or to sell it (making currency interventions) to maintain the exchange rate of their national currency. Only a small amount of market is formed by currency speculators: these are traders who buy and sell with the aim of making money on the changes in market prices.

Why an ordinary trader cannot directly trade in a market

Most of the trading operations in the foreign exchange market are carried out by large banks, multinational corporations, and investment funds. They are called market makers who provide liquidity of this market by their huge capitals. The amount of single operations between them are hundreds of millions of US dollars, whereas the volume of market makers’ operations with their customers range from several thousand to millions of US dollars. However, with the development of the Internet and the emergence of leverages, anyone can trade in the Forex market, without the need to have such huge funds.

Brokerage companies are the main providers of trading services both for retail and corporate clients. Large brokerage companies, specializing in servicing smaller brokers, are called liquidity providers. The goal of their activities is to insure major risks and to bring transactions directly to banks, i.e. the market as such. They have appeared because it is virtually impossible for a small broker to open a trading account with a large bank. The businesses of retail brokers are relatively small, whereas the minimum size of transactions and requirements for deposits at the interbank level are too high. Therefore, liquidity providers offer such brokers acceptable transaction sizes, reduce the minimum deposit threshold, and aggregate the trading of small brokers.

Private traders are the most vulnerable link in the financial market

Brokerage companies can trade as simple agents which instantly bring their clients’ transactions to liquidity providers. Also, there are companies that do not bring transactions to the latter and assume the risk of change in market prices. In fact, the both business models have the right to exist and are officially authorized. However, if a broker becomes a counterparty to a transaction without bringing it to the market, he gets profit when the client loses. In this case, there is a conflict of interests between the trader and the broker.

The broker who is interested in his client’s loss, tries, willingly or unwillingly, to guide the trader’s actions so that his transactions are unsuccessful, and the client’s deposit, partially or fully, becomes the property of the broker. Brokers use various tricks, manipulate currency quotations, make contracts in such a way that they could refuse to pay the revenue on any formal grounds. Such manipulations are prohibited by law and by industry standards in developed countries.

However, there are problems that cannot be solved by any, even the most perfect state regulation. Brokers submit reports, undertake to play fair: they are obliged to do this by law. Nevertheless, the regulation of brokerage activities cannot completely protect the traders. First of all, because the broker’s activity still remains non-transparent. Regulators can react only post-factum or when the non-compliance problems become too obvious, or when a stubborn trader passes a dozen of instances, and his dispute is considered by a financial ombudsman, or else a broker declares his bankruptcy. All this requires incredible steadfastness, perseverance and the trader’s will to prove his case, without any guarantee for the trader to get back his money.

And now let’s imagine that about 80% of all retail brokerages around the world are not regulated in any way. These are brokerage companies registered in offshore territories. According to different estimates, up to 5–5.6 thousand brokers operate in offshore jurisdictions. Surely, they include a large number of fair companies.

Such brokers are in demand, because they offer very competitive terms and conditions. These are young companies that are more mobile, innovative and, therefore, much more flexible in their pricing policy. Their services are very popular among tens of millions of traders. But, due to the fact that such brokers are registered in unregulated jurisdictions, these traders are practically not protected. If a trader has at least some chances to get justice in regulated jurisdictions, with an offshore company, he can only rely on the good will and honesty of its owners.

What can Serenity offer in response?

Serenity is building a platform that will unite all willing brokers under its aegis. At the same time, this platform uses the blockchain technology. Through Smart Contacts, the broker will not be able to manipulate the quotations, to withhold the revenue from a trader, to use any other illegal tricks. Serenity is creating a unique KYC center to protect the system from unfair players. In addition, when considering disputes, Serenity will act as a mediator, and the decisions made on such disputes will be binding for all its stakeholders.

Honest brokerage companies will benefit from operating on the Serenity platform, as it will contribute to the growth of their client base. Serenity will be able to provide liquidity to its participants at a competitive price which, in combination with other advantages, will help reduce the brokers’ costs of doing business. The platform will also offer reliable liquidity for crypto-currencies and will allow brokers’ clients to replenish their trading accounts in crypto-currencies. That is, crypto investors will be able to hedge risks associated with the Bitcoin volatility, making transactions with conventional financial instruments.

Summing up, it is safe to say that Serenity will offer the financial market an unprecedented protection against fraud, whereas the ICO of the Serenity project is a significant event in the financial market.

Serenity ICО

Serenity is the first escrow platform for financial markets that protects investors’ funds from fraud and trading interferences by using smart contracts.

· The ICO is held in one stage, from 25 January to 7 March.
· The company plans to raise up to $19 million to develop the platform.
· The nominal price of a token is 0.0001 ETH. The price during the crowdsale will range from 0.00006 ETH to 0.00009 ETH.
· Stock ticker SRNT.
· SRNT token has been listed by the largest Russian exchange, Yobit. Talks with several more exchanges are currently underway.

The project has been supported by major brokers from the Forex and binary option industries, including IQoption, Liteforex, NordFX, as well as Alexey Kutsenko (Founder of Tools for Brokers), Yagub Rahimov (adviser of the ICO project nagaico.com and founder of AtoZForex), and many others.

Contact Email Address
pr@serenity-financial.io
Supporting Link
https://ico.serenity-financial.io/en?utm_source=news.bitcion&utm_medium=link&utm_campaign=article

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Organized begging networks in Baghdad: Children are victims

Poverty and financial destitution are no longer the main causes of the spread of begging in the cities of Iraq. Instead, begging has turned into a profitable job which is not limited to the elderly or women. It has rather become dominated by children of all ages, who are spread in markets, traffic junctions, near worshiping places and hospitals, in a phenomenon the country has not witnessed before the 2003 US invasion.

Abu Fatima, a merchant in Baghdad, told The New Arab that “children beggars cannot be blamed because they are exploited by brokers and organized networks. This phenomenon has become a threat to drivers and passers-by after beggars turned into using manners that are not limited to asking for sympathy, but rather went beyond that and turned into threatening.”

He added: “The spread of these networks is raising everybody’s concerns. I am afraid of driving on the streets of Baghdad because of beggars and what they could possibly do if I refuse to help them. Some of them throw stones at cars, and others carry sharp objects like knives and blades.”

Read More: Iraq’s marriage and family rights are under threat

Social researcher, Ruaa Al-Jubouri, says that “begging has turned into a job that everyone uses. While brokers earn millions through this job, children beggars get nothing but crumbs at the end of the day. Some of them have become drug and alcohol addicts and most of them have become street children exploited by organized networks.”

Jubouri explained to The New Arab that “there are several begging methods. There are those who ask for help under the pretext of having a child in the hospital in a severe situation. There are those who print leaflets or write on a piece of paper that they are displaced and in need of help to support their families. There are also women who stand near the checkpoints carrying babies they might have rent for begging purposes. In addition, there are those who sell chewing gum or handkerchiefs at intersections, or beg to wash your car.”

The researcher pointed to the beggars’ negative social impacts, especially that “most beggars are exploited by gangs and brokers who have relations that protect them from those who have religious or political powers.”

Read More: Iraqi PM vows to respond to attacks from Syria

In September, the spokesman for the Ministry of Labour and Social Affairs, Ammar Moneim, said that the Council of Ministers’ vote on the bill against human trafficking and its submission to the House of Representatives to be legislated represents an important step towards reducing the phenomenon and its negative impact on society. This would contribute in reducing the phenomenon of begging in the streets and the exploitation of beggars by heartless people.

The spokesman for the Ministry of Interior, Saad Maan, revealed in press statements that “there are those who supervise the work of beggars in Baghdad, guide them and provide them with protection from the security services.” He explained that “security services cannot prevent the begging phenomenon once for all due to the spread of poverty throughout the country. However, they constantly warn beggars of getting near security departments and institutions.”

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Bitcoin Price Technical Analysis for 11/09/2017 – Pop Higher on Hard Fork Suspension

Bitcoin Price Key Highlights Bitcoin price enjoyed additional volatility on news that the hard fork will be suspended. Price popped up to new highs at $7900 before quickly retreating. The ascending channel marked earlier is still intact, which means that bullish momentum is still present. Bitcoin price popped higher on reports that the network update … Continue reading Bitcoin Price Technical Analysis for 11/09/2017 – Pop Higher on Hard Fork Suspension

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Starbase Presale Shows the Massive Demand For Blockchain Integration

Though initial coin offerings, or ICO, have been around for several years, 2017 is the year where they really decided to take off. There has been tremendous growth in ICOs the past couple of years, with a large majority of it coming this year. Time will tell what will happen in 2018, but even if the growth continues at a moderate pace, ICO investors are in for one wild ride.

As is expected, not everyone is a fan of ICOs. Some are quite critical of them. One of the reasons is because of scam ICOs. If a company raises money for a product that hasn’t been created, where’s the incentive to actually create the product? The cash flow is already there–why the need to go and develop it?

Another reason is the perceived inaccessibility of ICOs. Those who aren’t familiar with blockchain technology or even the concept of ICOs feel like they’re missing out. This isn’t to say that blockchain companies aren’t reaching out to potential investors, they are. But perhaps something needs to be done to kick ICOs into their top gear.

One idea floated by several companies is to create a blockchain platform that actually automates large parts of the initial coin offering process. These platforms, which run off of blockchain platforms themselves, provide the resources necessary for any company–blockchain based or not–to participate in an ICO.

One company that is pioneering this type of blockchain platform is Starbase. The sale can be accessed via their website. The demand for such a platform is substantial, as evidenced by the Starbase presale which was completed with great demand. Starbase’s own crowdsale begins on November 9th and runs until the 24th.

Blockchain Technology Paves the Way for ICO Integration

The genius of these platforms lies in their ability to create blockchain based infrastructures which easily integrate with a company’s products and business objectives. Those without any blockchain, coding, or software experience can fully participate in ICOs by running their crowdfunding through a designated blockchain infrastructure. The barriers to entry are removed, creating an easy experience where the technical aspects of the ICO are taken care of.

Additionally, these blockchain platforms provide companies with a way to find and hire short-term human capital. By creating a decentralized marketplace, companies can list projects or tasks that need to be completed before a product or service is launched. A company’s core teams can get immediate help for any quick jobs they need to be completed, while investors are given a way to participate in the growth of their investment.

Once a task or project is completed, hires are paid in cryptocurrencies like Bitcoin or Ethereum, but they may also choose to receive the coins of the platform they assisted with. From the beginning, these investors will have a deep interest in the success of the company. As an added benefit, companies can cut down on middleman costs and longer-term hiring costs by going to the open market for skill and labor.

The Benefits for Token Issuers and ICO Investors

In traditional financial markets, and to a certain extent, in ICO markets, investors are at odds with share (or coin) issuers. History has shown that some companies will issue shares, buy up the shares and engage in all sorts of false marketing, and then sell the shares once a peak is hit, raking in large profits but leaving unsuspecting investors reeling. This nefarious strategy, called the “pump and dump” scheme, has an entire SEC website devoted to it.

Blockchain platforms like those outlined above have the chance to radically transform the way initial offerings, coin or otherwise, are handled. For token issuers, a lot of the legwork is taken care of by integrating with pre-designed infrastructures. The processes for issuing tokens and collecting capital are already in place–this is a huge burden lifted off the shoulders of the issuing company. At the same time, because the process is predetermined, investors are protected from issuers manipulating the system.

Additionally, the platform’s infrastructure creates a transparent environment where the third party mediator is removed and investors can deal directly with issuers. This can yield long-lasting investor relationships, to the extent that investors can have an active role in developing and assisting the company with various short-term tasks.

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Starbase Presale Shows the Massive Demand For Blockchain Integration

Though initial coin offerings, or ICO, have been around for several years, 2017 is the year where they really decided to take off. There has been tremendous growth in ICOs the past couple of years, with a large majority of it coming this year. Time will tell what will happen in 2018, but even if … Continue reading Starbase Presale Shows the Massive Demand For Blockchain Integration

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UN warns if no Yemen aid access, world will see largest famine in decades

United Nations aid chief Mark Lowcock warned on Wednesday that if a Saudi-led military coalition did not allow humanitarian aid access to Yemen then it would cause “the largest famine the world has seen for many decades with millions of victims.”

The Saudi-led military coalition fighting the Houthi movement in neighboring Yemen said on Monday it had closed all air, land and sea ports to the Arabian Peninsula country to stem the flow of arms to the Houthis from Iran.

The move, which follows the interception of a missile fired towards the Saudi capital Riyadh on Saturday, is likely to worsen a humanitarian crisis in Yemen that according to the United Nations has pushed some seven million people to the brink of famine and left nearly 900,000 infected with cholera.

Lowcock, who visited Yemen late last month, briefed the UN Security Council behind closed doors at the request of Sweden.

Read More: Saudi-led forces close air, sea and land access to Yemen

“I have told the council that unless those measures are lifted … there will be a famine in Yemen,” he told reporters. “It will be the largest famine the world has seen for many decades with millions of victims.”

He said UN Secretary-General Antonio Guterres spoke with Saudi Foreign Minister Adel al-Jubeir earlier on Wednesday and called for an immediate resumption of humanitarian access.

Lowcock said the UN’s World Food Programme was feeding seven million people a month in Yemen. “What we need is a winding down of the blockade … so that we can save the lives of those people,” he said.

The UN Security Council expressed concern about the humanitarian situation, Italian UN Ambassador Sebastiano Cardi, council president for November, said after Lowcock’s briefing.

“The members of the Security Council emphasized … the importance of keeping all Yemen’s ports and airports functioning, including Hodeidah port, as a critical lifeline for humanitarian support and other essential supplies,” Cardi said.

The United Nations and international aid organizations have long criticized the coalition for blocking aid access, especially to north Yemen, which is held by the Iran-aligned Houthi movement.

“Humanitarian access through the ports was inadequate even before the measures that were announced on the 6th November,” said Lowcock, adding that there had also been no UN flights allowed into Yemen since Monday.

Read More: Saudi deputy governor killed in helicopter crash near Yemen

The Saudi-led coalition has been targeting the Houthis since they seized parts of Yemen in 2015, including the capital Sanaa, forcing President Abd-Rabbu Mansour Hadi to flee.

Lowcock called for an immediate resumption of UN and other aid flights to Sanaa and Aden, assurances from the coalition that there would be no further disruptions to those flights, and immediate resumption of humanitarian and commercial port access.

He also called for the coalition to allow a WFP ship to be pre-positioned off Aden and assurances that there would be no further disruption to its functions and demanded that all vessels that have passed UN inspection be allowed to offload.

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UK House Price Balance Gains 1.0% In October – RICS

The house price balance in the United Kingdom narrowed in October, the Royal Institution of Chartered Surveyors said on Thursday – gaining just 1.0 percent.That missed forecasts for an increase of 4.0 percent and was down from 6.0 percent in Septemb…The post UK House Price Balance Gains 1.0% In October – RICS appeared first on forex-4you.com, الفوركس بالنسبة لك.
http://forex-4you.com/2017/11/09/uk-house-price-balance-gains-1-0-in-october-rics/

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Are Journalists An Enemy Of The American People?

As usual, it depends who you ask…

Infographic: Are Journalists An Enemy Of The American People?  | Statista

You will find more statistics at Statista

Statista's Niall McCarthy notes that according to the Cato 2017 Free Speech and Tolerance Survey, 63 percent of Republicans agree with President Trump that journalists today "are an enemy of the American people".

During his presidency, Trump has taken to Twitter to call the national media "fake news" and in mid-February, he tweeted "The FAKE NEWS media is not my enemy, it is the enemy of the American people. SICK!"

Generally, 35 percent of Americans agree with Trump's view while nearly two-thirds disagree.

Unsurprisingly, the share of Democrats considering the media an enemy of the people is very low at just 11 percent.

Among Independents, it rises to 38 percent.

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*Australia Value Of Loans -2.1% On Month In September; Investment Lending -6.2%

Australia Value Of Loans -2.1% On Month In September; Investment Lending -6.2% The material has been provided by InstaForex Company – www.instaforex.comThe post *Australia Value Of Loans -2.1% On Month In September; Investment Lending -6.2% appeared first on forex-4you.com, الفوركس بالنسبة لك.
http://forex-4you.com/2017/11/09/australia-value-of-loans-2-1-on-month-in-september-investment-lending-6-2/

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