What Makes the Telegram Messaging App Ideal for Trading Communications?

While financial market traders are now interested in Telegrams Financial Trading Channel, many ask if the messaging app is ideal for communicating trading info. Not a few are concerned about the security of connecting a trader’s Meta Trader account to a messaging app in order to receive trading signals. At the same time, Telegram’s Connector software enables traders to send trading instructions to their brokers in real time.

Usually, alarm bells ring by the mere mention that Telegram is of Russian origin, especially among U.S. traders. Yet once the skeptical ones got a clear picture of the Russian developers behind the Telegram app and their steadfast resolve to keep intact the integrity of the messaging app, all doubts about Telegram disappeared.

The Truth About Telegram and Its Russian Origin

 

Telegram’s messaging and financial trading channels are currently served by a Germany-based company called Durov Software Industry, a company founded by two Russian brothers named Nikolai Durov and Pavel Durov, While it is true that they first started out in Russia, they later moved out of the country and established their business in Berlin, Germany,

The Telegram app uses end-to-end encryption backed by a strictly observed company policy of not allowing any third party to look into anyone’s communications. Roskomnadzor, the Russian executive body responsible for media control, censorship, and supervision, had demanded that Telegram be included in the government’s list of information distributors. The condition would have placed the Durov brothers under obligation to hand over private information to the government.

The brothers Durov instead moved their company to Germany and from there provided their Telegram services without undue pressure. Although Telegram’s IP address was blocked by Roskomnadzor, the messaging app was still accessible to Russians by way of Virtual Private Network (VPN). That being the case, Telegram remained in wide use among Russian citizens and has in fact become a leading service provider for many of Russia’s leading news channels.

The very fact that the company refuses to compromise the integrity of their messaging app, is reason enough for most Russians to keep using Telegram. In June, 2020. Reuters said that the Russian government has temporarily lifted its ban on Telegram.

China and Iran Also Banned Telegram

China has also banned Telegram, which many presume as due to its direct competition with the state-owned WeChat App. While another reason for the ban includes Telegram’s refusal to give the Chinese government backdoor access that would allow peeping into private messages,

It’s also widely believed that Telegram played a crucial role in helping many of Hong Kong’s protesters. Reports have it that Telegram allowed communication to flow freely among the HK protesters and at the same time helped keep identities hidden, since Telegram gave them a different kind of privacy settings.

Similarly, Pavel Durov in his role as CEO of Telegram, denied the same request put forward by Iranian authorities as a way to obtain private information that will let the government spy on Iranian citizens. The refusal of course, resulted in the blocking of Telegram in Iran, but later unblocked after Pavel Durov made ithe request known to the public; and that the company’s refusal was the main reason for the blocking of its messaging services in Iran. .

A Cursory Glimpse at ADAS and Its Impact on Motor Vehicle Insurance

The automotive technology known as Advanced Driver Assistance Systems (ADAS) has been changing the way car makers are focusing on safety in building cars. In conjunction with the emerging trend, motor vehicle insurance policies are likewise being developed by adopting an ADAS model for its risk scoring system.

One of the frontrunners in the development of ADAS-based risk scoring system is Swiss Re, which last September, 2020 entered into partnership with Toyota Insurance Services. The partnership will see the adoption of the fintech’s risk-scoring innovation for the insurance policies covering Toyota and Lexus, the vehicles being outfitted with ADAS features and therefore compatible with the Swiss Re ADAS insurance risk scoring system.

Toyota insurance division’s partnership with Swiss Re promises improved insurance policies as the assessment of risks is linked to the safety performance of Toyota and Lexus cars, as well as the extent with which drivers use the car’s anti-accident car features. Initial rollout of the Toyota Insurance Services’ motor vehicle insurance innovation will be in 2021 across European countries.

Actually, BMW was the first to develop the ADAS-based insurance policies for BMW vehicles when the car company partnered with Swiss Re in 2019.

What Exactly is Swiss Re’s ADAS Risk Scoring Innovation?

Swiss Re’s risk scoring technology for motor vehicle insurance is vehicle-specific as the risk assessment factors will be based on a car-manufacturer’s safety specifications. Using data collected from actual car crash tests conducted by Swiss Re, a risk scoring system was developed based on simulations of various car accident scenarios involving a specific car.

The scoring system will then produce safety score for the subject vehicle using all available ADAS configurations. The higher the score results, the safer the car the lower the potential risks. However, the insurance policy and its pricing is still dependent on real-time information on where and how a car model on which the risk scoring system was developed, is being used. Swiss Re simply calls the car-specific insurance that they develop using their risk-scoring system is simply Usage Based Insurance (UBI) solution.

Andrea Keller, the Senior Strategy & Partnership Manager at Swiss Re said that their goal is tro drive innovation that will support a win-win solution for both the car manufacturers and the motor insurance sector. Through Swiss Re’s risk scoring system, consumers will be encouraged to purchase ADAS vehicles, while paying for insurance at reduced costs albeit dependent on the manner and extent the driver uses the vehicle and its anti-accident safety features.
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In the meantime, while car insurance providers abound and in tight competition with other offers, carinsurancesnearme.com gives car owners advice of not skipping the process of comparing all available options. Mainly because most car insurance policies in the market still follow the traditional approach in risk assessments.

What Newbies Should Know about Derivatives and Binary Options Brokers

While financial derivatives are being touted as simple ways to invest and grow one’s money, newbies should know that there is more to know about them. A derivative represents a contract involving two or more parties; not to buy or sell an investment asset but to speculate on the price of an agreed upon asset or commodity at a specific point in time as stated in the contract.

A binary options trading contract for one, is as straightforward as putting an investment asset, let’s say cash, foreign currency or cryptocurrency as the object of a derivative. It poses a simple proposition that at a given time, the object of the contract will either yield a price, which could either be higher or lower than contracted price projection.

Depending on what proposition is being offered, and what a prospecting investor believes is the possible outcome, a trading contract can be closed with either a “Yes” or “No” answer.

However, a newbie to binary options trading should know that if the position he has taken does not turn out as he expected, he stands to lose the investment asset he placed under the binary options trading-contract. On the other hand, if the investment instrument yields a price higher than what a trader projected, he gets to collect gains based only on his projected winnings and not on the so-called “strike price.” The “strike price” being the value used when pricing an investment instrument up for sale in the commodities market.

Is Binary Options Trading a Form of Gambling?

To some, binary options trading appears like a pure and simple betting transaction between parties. It is, if a trader enters into contracts with unlicensed fly-by-night brokers.

Unlike trading contracts with licensed brokers, a regulatory body imposes rules on, and closely monitors, the trading activities of brokers licensed in their jurisdiction. A government’s regulation of derivatives aims to protect traders; usually by requiring brokers to put up a deposit-insurance, put a limit to contracts, as well as ensure that investors are well aware of the risks involved when investing in derivatives. Those are only some examples of regulations that lessen the risks faced by traders in dealing with derivatives.

Is Binary Options Trading Legal in All Countries?

Have awareness that not all licensed brokers follow a uniform structure in offering derivatives.

In the U.S. binary options trading takes place via the North American Derivatives Exchange or the NADEX platform.

Licensed brokers outside of the U.S. can offer derivatives using their proprietary software, which denotes contracts can be entered by traders through the broker’s web-based platform.

Still, in some European financial systems, binary options trading is not duly recognized as a legitimate form of financial trading.

In the same way, not all licensed brokers offer the same kind of trading platform. In order to know the differences, traders new to derivatives should take time to assess different platforms. This suggestion also comes with the recommendation to choose a broker who offers a demo or practice trading platform, free of charge.

That way, they can make informed decisions after comparing the different tools and features being offered by each broker.

IQ Option, Binary Options Broker Preferred by Most Newbies

After making comparisons of demo platforms, most newbies to the binary options market settle on IQ Option as the most helpful, reliable and safest broker. The company operates outside of the U.S but is duly registered and regulated by the Cyprus Securities and Exchange Commission (CySEC). The CySEC accreditation alone is already a positive indicaton because the financial institution pioneered the licensing and regulations of binary options trading.

When checking out reviews of the IQ option real-money trading platform, the ratings given are usually 10/10.