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Quantfury is a crypto-native (but they also accept fiat card deposits at no charge) retail oriented broker. The platform offers unmatched trading conditions for Equities, Commodities, Futures (commodity and indices), large cap Cryptocurrencies, and FX.
What is unique about this broker (they are not an exchange)? What are the important things to know?
- There are ZERO/NADA/No fees or commissions outside the spread.
Ah, so then then the spreads are robbery?
Surprise number 2 - the spread for futures are the same as CME/COMEX for indices, gold, silver, WTI etc with zero fees, long or short.
Wait, so I can short there without overnight fees or borrowing fees - absolutely, yes.
The crypto prices/spreads are taken directly from the Binance order book (and are verfiable).
The only noncompetitive spread is in FX.
- How do they make money? They make money from the spread revenue, The company holds QTF that they have committed never to sell 90% of as it represents their income stream. They also make money from trading strategies but this revenue is not shared among the QTF holders.
- Owning the QTF token which just started trading on Bitfinex last week (further listings planned) entitles holders to share in the spread revenue from the platform.
SO I can trade there with unmatched conditions and share in the spread profits as well? Yup.
This sounds too good be true, what's the catch? There is none. They have been profitable since day one and have grown consistently without marketing or advertising of... (More)
Normally it's (offshore) Dollar shortages that the BIS etc. angsts about. But since when is the offshore Pound once again a big part of the world financial system?
[...] While technically sterling still qualifies as a hard currency reserve asset, it’s been a long time since anyone had much love for it.
The Great British Krona, as we have likened it, has been beaten up in the markets ever since the UK opted out of the European Union. But in an unexpected turn of events, the Bank of England announced an intriguing swap arrangement with the Bank for International Settlements on Tuesday which insinuates there could be a sterling shortage doing the rounds:
The Bank of England (BoE) has entered into a facility with the Bank for International Settlements (BIS) to ensure the provision of Sterling liquidity during any future periods of market stress, complementing the BoE’s existing established network of standing bilateral swap lines.
Under the terms of the facility, the BoE will provide collateralised short-term Sterling liquidity to the BIS. The BIS may use the facility to provide Sterling liquidity to their eligible existing central bank customers.
Together with the swap lines the BoE has with a number of central banks, this new facility will provide a further liquidity backstop in Sterling to help ease any potential future strains in funding markets. Swap arrangements of this sort are usually structured via bilateral or multilateral frameworks between central banks.
In fact, we are hard pressed to think of... (More)