In the past transactions where recorded in scrolls and then journals, which were what we now call a database. The invention of the computer though enabled banks to make all this information digital using a database. Finally, the idea of blockchain allows to turn these now obsolete means through a decentralized, distributed database in which a copy sits on every “node” and is continually reconciled with each transaction. This method’s immediate advantage is that it made the database virtually unattachable.

An ascending global force

Thinking about the future development of a distributed database is very important to understand how it may come to influence mostly industries that handle lots of information (for example Healthcare sector). This project could even lead at an entire decentralization of the entire world web databases.

Even online brokers as IQ Option, faces that problem (source : digitalbusiness). According to last IQ Option report, 80% of investments in their trading platform, came from ICO.

Advantages

One the guaranteed advantages is security: with current database technology, based on centralized models, the safety of personal and reserved information is always so fragile that the risk you will have your identity stolen is real and it’s a serious concern. Applied to online trading, the situation becomes even worse. By using blockchain technology we could discover a totally new concept of the infrastructure that supports millions of transactions every day, and industries could really save money on the long run. As trading platforms are always searching for new methods to maintain their user’s information safe and highlight their security, this revolution may affect them on a large scale.

Other secure benefit of blockchain system is transparency: even since 1990’s, the period when online trading growth started to peak, individual traders and beginners have always felt easy pray for behind-the-scene frauds. Even with present technology, aware of the risks, traders continue their activity always hoping to not have to deal with this kind of theft, but knowing that it can be a possibility. That’s mostly because online trading is still an unregulated business, but a marked built on blockchain may really make a difference in this matter, and every platform’s image would gain in affidability.

Liquidity is a key factor for any market trends and it often determines success of failure. Blockchain technology seems to have a solution even for this important factor, increasing the system efficiency and lowering costs, and this fact surely contributes to a rise of liquidity.

Conclusions

Of course, switching to a blockchain online world is not so easy as it seems, and it’s best to not expect anything big for a couple of years, but it definitely will come a future when blockchain will dominate financial systems, but before that there are challenges that must be overcame. But the online trading community trust that these problems will be solved and more technological growth will follow, so let’s keep waiting for a bright future!

Looking the data released on Wednesday we can say that US economy has been expanding really quickly since 2014 in Q3. This may be synthesized as an annual rate of 3.3%. This growth is even more faster than any estimation, and in a tweet President Trump said that if not for the storms GBP would have climbed 3.9% by now. It seems that this improvement was led by strong business investments. GBP gained even more after the news that UK will pay between €45 and €55bn ($53-63bn) when leaving the EU. In this way, UK will cover EU liabilities worth as much as €100bn.

Michel Barnier, EU chief negotiator, refused to confirm these reports though, calling them “rumors”. Surely in this case an agreement would be relevant because UK is preparing for the December EU summit where it may start the next phase of talk and future trade ties with the EU. This surely is a step forward, but there still are 2 critical issues that aren’t finding agreement yet: expatriate citizens rights after Brexit and the Irish border.

At 9:00 GMT from the German Bundesagentur für Arbeit German statistics will publish the German Unemployment Rate and Unemployment Change for November. These rates are seasonally adjusted and are expected to be uncharged at 5.6%. The foresaw change for November is -10K (prev. -11K) and if the actual number will be significantly different we are likely to see EUR volatility.

Eurozone: Consumer Price Index 2017

At 10:00 GMT: November’s Eurozone Consumet Price Index & CPI Core (YoY) will be released and the expectations see the CPI increased to 1.6%. The previous release was 1.4% and Core is believed to come in at 1.1%, considering its previous release was of 0.9%. Any significant difference from these expectations will likely cause EUR volatility.

At 13:30 GMT: October’s Core Personal Consumption Expenditure – Price Index (MoM & YoY) by the US Bureau of Economic Analysis. Month-on-Month is forecast to come in at 0.2%, a slight increase from the previous 0.1%. Year-on-Year PCE is also forecast to come in slightly higher at 1.4% (prev. 1.3%). A release significantly different from forecast will see USD volatility.

At 13:30 GMT: the US Department of Labor will release Initial Jobless Claims for the week ended November 24th and Continuing Jobless Claims for the week ended November 17th. The markets hope to see data that would reinforce the strong and resilient labor market in the US, which has been fueling economic growth.

At 18:00 GMT: FOMC board Member and SEO of the Federal Reserve Bank of Dallas is scheduled to speak, and this is all for today’s latest financial news. 

Kindly introduce yourself. What are your hobbies and what is your highest education?

I am Karima Ramadan and studied at St. Petersburg Polytechnic University. Among the best things I like are scuba diving, reading books, traveling and listening to music.

What is your role at your company? Who is your supervisor and what activities do you need to do?

Being a personal accounts manager, I am involved in help the traders associated with me understand the manner in which our platform works. My main idea is to be polite and ensure that they have a feeling that I am there to listen to their queries and solve them whenever they need. If it’s generally easy for european clients, for clients from South Asia, it’s harder to explain the IQ Option requirements

What benefits do the VIP traders get?

The VIP traders are taught to use all the indicators that have been offered on the platform. There are educational materials that can be accessed on the website to help the traders study the platform independently. They are also eligible to request for a training session where the trader calls and the support staff i.e. me and my team practices trading by using indicators over the live charts.

Where is the money received by the traders kept?

They are kept at the company accounts with several well-known European Banks as Hellenic bank.

How can a trader withdraw money and what are the problems I might face?

Traders are allowed to withdraw funds in 2 different ways. It is largely dependent on the deposit sources:

  1. Deposits from Debit or Credit cards: A trader refunds initially by withdrawing the available amount back to their debit and credit cards. They may also transfer profits to any e-wallet or a wire transfer. The primary idea of refunding is ensuring that the funds are deposited back to the same source they came from. Hence, it makes sure that the company adheres to the AML policies. This will also ensure that money is protected and goes back to the trader who had used it for himself.
    Hence the moment a trader withdraws to their credit or debit cards, followed by changing of the status of withdrawal request to completed; it means that the money has been transferred. The rest is dependent on the bank of the client to receive and process
  2. Deposit from the e-wallets: Here the traders can withdraw to their same e-wallets with no restrictions at all. The IQ Option is very quick and efficient.

What are the new features of this platform?

The new platform comes with series of new features. These include the inclusion of Sell Button where the trader can sell an option even before the expiry time. Other inclusion is the mobile app that comes with all the indicators and can be accessed from any iOS supported mobile.

What do you mean by Tournaments?

The tournaments are the best opportunities for improving trading skills. Here the trader needs to register for a tournament and receive a given amount of virtual money. The primary motive is to make the balance as large as possible and list among the highest balances. This should be the case till the end of the tournament. The best part is that the top traders are eligible to receive a prize equivalent to real money that even be withdrawn.

What are the top questions you receive from traders?

The most popular question a trader asks is that “What is the best successful strategy?” However, I believe is any such magical strategy ever existed then even before I would entirely understand the process, I would stop working. I will eventually become the richest person on earth.

The core partners to this project are:

  • IDEA Consult, Belgium (lead partner)
  • WIFO, Austria
  • CHEPS, Netherlands
  • iFQ, Germany
  • Sapienza, Italy
  • The Danish Centre for Studies in Research and Research Policy, Denmark
  • Olymp Trade, Cyprus

The sub-contractors of this project are:

  • Loft33, Belgium
  • Interago, Italy
  • CheckMarket, Belgium
  • Universaty of Wolverhampton, UK
  • BDSwiss, Germany

The mobility study involves two large surveys. The first focuses on researchers associated to one of the universities in the EU.

The second one takes an international perspective and aims to find out more about the mobility of researchers to and from Europe, and other places in the world. This survey focuses on the following target groups:

  • European researchers currently working outside the EU
  • Non-European researchers having worked previously in the EU
  • Non-European researchers having been previously mobile, but not to the EU

If you belong to one of these subgroups, we would be grateful if you could complete the survey, which can be accessed through the following link:

Due to the large scale nature of the study it is possible that you have already been invited to take part in this survey. We apologize for any inconvenience.

All completed surveys shall remain strictly private and confidential and shall only be used for the purposes of this study.