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Industry news

The retail trading industry beyond any single broker: platforms, liquidity, payments, prop firms, listings and the people moving between them. Updated 8 Nov 2026.

Latest industry stories

MEXC Refers French Clients to Kraken as Its EU Retreat Widens

MEXC will refer eligible French customers to Kraken, extending a transition arrangement the two crypto exchanges previously used in the Netherlands. London's trading industry is coming home! The Kraken announcement follows MEXC's October 28 notice that it would gradually stop serving users linked to France. MEXC...

IndustryFinance Magnates

Warsaw Stock Exchange Taps XTB to Bring Foreign Retail Investors to Polish Stocks

Warsaw-listed shares are now open to XTB S.A.'s clients across the European Union without a separate request, the broker and the Warsaw Stock Exchange (GPW) said today (Friday). The two called it a pilot. Until October, only XTB clients in Poland had automatic access to Warsaw-listed instruments on its platform....

IndustryFinance Magnates

Coinhub Brand Enters Simulated Prop Trading Through Nevis Firm

Coinhub Funded has launched a simulated proprietary trading programme that combines evaluations and instant funding with up to nine short weekday trading tournaments. Coinhub Is Not the Prop-Firm Operator The launch announcement connects the new business with Coinhub's network of more than 2,000 Bitcoin ATM s across...

IndustryFinance Magnates

Crypto Exchange GOPAX Halts Trading and Standard Withdrawals After Hacking Threat

South Korean cryptocurrency exchange GOPAX suspended digital-asset deposits, standard withdrawals and trading on Friday, after receiving a hacking-threat email, while retaining a manual withdrawal-request process through customer support. London's trading industry is coming home! GOPAX said it was transferring most...

IndustryFinance Magnates

Elev8 broker receives 'Most Innovative Broker 2026' award from BrokersView

Elev8 is the 'Most Innovative Broker 2026' according to BrokersView BrokersView, a broker review and rating platform, recognised Elev8 for implementing innovations in how traders access market data and manage their orders. The Elev8 broker sees its mission as providing traders with filtered, relevant market context so...

IndustryFinance Magnates

BGC Posts Record Q3 as FMX Volumes Surge

BGC Group posted record third-quarter revenue of $832.6m, with FX and a 43% jump in FMX volumes at the centre. A gain on divestiture and sale of investments lifts reported profit, so Adjusted Earnings is the better guide. The post BGC Posts Record Q3 as FMX Volumes Surge first appeared on LeapRate .

IndustryLeapRate

Singapore Bank DBS Weighs Hedge Fund Prime Brokerage as Trading Income Plunges 65%

DBS Group is weighing a move into prime brokerage for hedge funds and other institutional investors, its chief executive, Tan Su Shan, said today (Thursday). She spoke at a briefing on third-quarter results in which the Singapore bank's markets trading income fell 65% from a year earlier. A prime broker finances...

IndustryFinance Magnates

AI in Retail Trading: Competitive Advantage or Broker Marketing Expense?

There are a number of areas of retail trading where AI could deliver a real competitive advantage. One obvious example is customer acquisition and retention, where AI assistants can help brokers attract technically sophisticated traders, increase engagement and reduce churn. London's trading industry is coming home!...

IndustryFinance Magnates

Born2trade Launches Nano (Cent) Accounts with Positive Swaps on Gold Longs

Born2trade , an international forex and CFD broker, today launched Nano (Cent), a new cent account built on the same foundation as the broker's flagship Dynamic account. Nano is now live for forex and gold trading. Nano pairs Dynamic's trading conditions with cent-based volumes, making it suited to smaller position...

IndustryFinance Magnates

Italy Filed 95% of the EU's Register of Unlicensed Crypto Firms

Italy's market regulator filed 179 of the 188 entries on the EU's register of unlicensed crypto firms, an FM Intelligence analysis published today (Wednesday) shows. Authorities in four other countries supplied the remaining nine. The European Securities and Markets Authority ( ESMA ) keeps the list under the Markets...

IndustryFinance Magnates

Spotware Launches a Fraud Network Where Brokers and Prop Firms Share Alerts

Spotware Systems, the Cyprus-based developer of cTrader, today (Wednesday) launched a fraud detection service that pools anonymized data from brokers and prop trading firms. The product, cAntifraud, warns every member firm when one of them flags a trader as a threat, the company said. Abuse spread across several...

IndustryFinance Magnates

ChatGPT and Claude Reach More Trading Accounts, With Different Rules on Approval

PrimeXBT today (Wednesday) opened client accounts to ChatGPT and Claude through the Model Context Protocol (MCP). B2Broker added the same kind of access to its B2TRADER platform last week. The two firms set different rules on who signs off on an order the AI prepares. At PrimeXBT, a broker offering CFDs and crypto...

IndustryFinance Magnates

Dubai Regulator Raises AI Trading Risks as Brokers Expand Automated Execution

The Dubai Financial Services Authority (DFSA) published a new research paper on 30 October 2026, examining how advanced artificial intelligence could change cybersecurity and operational risks across the financial sector. The report, titled Frontier and Agentic AI: Cyber Resilience in the Financial Sector, was...

IndustryFinance Magnates

Polymarket says NFA approved its PM Derivatives FCM

Polymarket says the National Futures Association has approved its affiliate PM Derivatives as a fully collateralised futures commission merchant, completing an exchange, clearinghouse and broker stack inside the US regulated derivatives system. The post Polymarket says NFA approved its PM Derivatives FCM first...

IndustryLeapRate

Institutional FX Volumes Cool in October as Fed and Bank of Japan Hold Rates

Daily spot FX trading fell on all four institutional venues tracked by FinanceMagnates.com in October. The Federal Reserve and the Bank of Japan (BOJ) both left interest rates unchanged during the month. FXSpotStream reported average daily volume (ADV) of $163.22 billion, down 8.9% from the all-time high it set in...

IndustryFinance Magnates

Freedom24 to Open Geneva Office, Eyeing Swiss Tech Ties

Freedom24, the retail brokerage arm of Nasdaq-listed Freedom Holding Corp. (FRHC), will open a Geneva office in the first quarter of 2027. Moving beyond its core retail investment platform, the broker is positioning the new branch to secure partnerships across Switzerland's financial and academic sectors, specifically...

IndustryFinance Magnates

XS.com Brings Back Hanna Le to Lead Its Vietnam Business

XS.com has rehired Hanna Le, its former country manager in Vietnam, as regional business development director for the country, the broker said today (Wednesday). She will lead its business development and partner relationships there. The job includes work with the regional and marketing teams on offers for local...

IndustryFinance Magnates

Polymarket Gets NFA Approval for Fully Collateralised US Brokerage

Polymarket has received approval from the National Futures Association for its affiliated entity, PM Derivatives, LLC, to operate as a Futures Commission Merchant. The broker will operate on a fully collateralised basis, requiring customers to fund their positions in full at the time of each trade. London's trading...

IndustryFinance Magnates

Squeezing the Lemon: Why Brokers' Growth Is Already in Their Systems

On November 24, Alex Piliavsky joins the panel "Your Broker's Growth Is Elsewhere: Ahead of 2027" on the Craft Stage at Old Billingsgate. He plans to argue that it isn't elsewhere at all. Piliavsky began his career at Seperia and went on to hold senior marketing roles, including several C-level positions, at...

IndustryFinance Magnates

'Number One on Google and Invisible in AI': How Brokers Get Shortlisted by Chatbots

"Most of your visibility isn't on your site at all," says Zay Yang, Founder & CEO of Wordflow, a company helping brands track and improve how they are recommended across Generative Engine Optimization (GEO) platforms. For two decades, the economic bargain at the heart of the internet was reliably straightforward:...

IndustryFinance Magnates

TP ICAP Revenue Rises 11% in Third Quarter as Broking Arm Outpaces Liquidnet

TP ICAP Group's revenue rose 11% at constant currency to £620 million in the third quarter, the London-listed broker said today (Tuesday). Its broking arm grew fastest. Global Broking revenue climbed 16% in the quarter. Its agency execution business, Liquidnet, slipped 1%, and data unit Parameta Solutions was flat....

IndustryFinance Magnates

WhiteBIT Expands Fiat Access with USD SWIFT On/Off-Ramp

WhiteBIT, a global cryptocurrency exchange, has partnered with BCB Group, a regulated provider of crypto-native banking infrastructure, to launch USD deposits and withdrawals via the SWIFT network for KYB-verified corporate clients. The new rail gives businesses a two-way institutional USD on/off-ramp with no preset...

IndustryFinance Magnates

Gold Loses Ground in Retail CFD Trading as Currency Pairs Gain

Metals contracts, led by gold, made up about 69% of retail CFD trading volume in the third quarter of 2026, preliminary FM Intelligence data show. That was down from 78% in the second quarter, while currency pairs rose to 16% from 10%. The figures, published on Thursday, come from the brokers that have reported so...

IndustryFinance Magnates

LHFX Becomes Headline Partner to Reza Seewooruthun for 2027 Formula 3 Season

LHFX has become Headline Partner to British racing driver Reza Seewooruthun for his debut season in the 2027 FIA Formula 3 Championship with Rodin Motorsport. The agreement marks the online forex and CFD broker's first sports sponsorship, with its branding already appearing on Seewooruthun's car during testing. The...

IndustryFinance Magnates

cTrader showcases AI-powered trading capabilities at The Trading Festival Mexico

Spotware Systems will be present at The Trading Festival Mexico 2026 on 12 - 13 November at the World Trade Center in Mexico City, Booth B1, introducing the latest updates to its flagship platform, cTrader. Returning to Mexico after cTrader's Best Trading Platform LATAM 2025 award, the cTrader team will demonstrate a...

IndustryFinance Magnates

GMO Founder Says Own Security Unit Flagged Flaws Before FX Server Hack

GMO Internet Group's own security unit flagged flaws in 2024 in the trading server service that hackers later breached, founder Masatoshi Kumagai said today (Monday). The group also cut the pay of four executives, with Kumagai giving up 30% of monthly compensation for three months. The service, Onamae.com Desktop...

IndustryFinance Magnates

ICM.com's UAE Arm Promotes Firas Bechwaty to Head of Business Development

ICM MENA, the UAE arm of online broker ICM.com, promoted Firas Bechwaty to head of business development today (Monday). He previously held the manager role in the same team. The unit, part of ICM.com , holds a Category 5 license from the UAE Capital Market Authority (CMA), which covers marketing products and...

IndustryFinance Magnates

Animoca Brands Wins Final Abu Dhabi Approval to Manage Investment Funds

Animoca Brands won final approval to manage investment funds in Abu Dhabi, the crypto investor said today (Monday). The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) granted a Financial Services Permission to its subsidiary Animoca Asset Management (AD) Limited. The permission lets...

IndustryFinance Magnates

IG Securities reports unintended order fills in Japan

IG Group's Japanese broker says some orders were filled at unintended prices or delayed for about two hours on Thursday, and it is still working out which customers were affected. No cause, scale or remedy is given. The post IG Securities reports unintended order fills in Japan first appeared on LeapRate .

IndustryLeapRate

JFD Brokers Hires Yossi Gafni as VP of Sales, Signalling Second Act

JFD Brokers has appointed 20-year industry veteran Yossi Gafni as its new Vice President of Sales. Arriving just four months after the firm sold a massive chunk of its European client and partner network to GBE Brokers, the high-profile hire strongly signals a strategic reboot for the multi-asset brokerage. In April,...

IndustryFinance Magnates

24/7 Markets: Are Brokers Ready?

Financial markets have long run on fixed trading sessions. Those hours have shaped how brokers manage instrument availability, client support, liquidity, and risk. That pattern is loosening. More products can now be traded outside standard sessions, while selected instruments offer 24/7 market access. For brokers, the...

IndustryFinance Magnates

XTB CEO Says Broker Was "a Bit Late" to the UK as Indonesia Trails Only Poland

XTB's chief executive said on Thursday that the Polish broker had probably arrived in the UK late. Omar Arnaout told a third-quarter results conference that competing there with established local firms would take very large sums, and that he would approach the market very cautiously. In the same answer, he said...

IndustryFinance Magnates

At Least Four Prop Firms Drop Prop Firm Match over Affiliate Link Allegations

Prop Firm Match, a prop trading firm comparison platform, has been accused on social media of allegedly triggering affiliate links when visitors click internal features, including firm profiles and promotional code buttons. Several firms announced cutting ties with the platform following the publication. In a recent...

IndustryFinance Magnates

Almost a Dozen Prop Firms Drop Prop Firm Match over Affiliate Link Allegations

Prop Firm Match, a prop trading firm comparison platform, has been accused on social media of allegedly triggering affiliate links when visitors click internal features, including firm profiles and promotional code buttons. Almost a dozen firms announced they were cutting ties with the platform following the...

IndustryFinance Magnates

US Secret Service Joins Circle, Tether in Freezing $2.37B in Binance Hack Funds

The US Secret Service is working with stablecoin issuer Circle to recover funds stolen in the $6.3 billion security breach at Binance . The effort also involves the FBI and cryptocurrency industry firms. London's trading industry is coming home! Crypto Briefing reported that the Secret Service confirmed its...

IndustryFinance Magnates

US Midterm Elections: Market Volatility and the Outlook for Retail Trading Volumes

Financial markets have experienced a period of relatively smaller activity in recent weeks, with several major instruments trading within narrow ranges. Gold, which has emerged as one of the main drivers of retail CFD trading volumes in recent years, has also experienced a period of consolidation. For brokers, such...

IndustryFinance Magnates

Tradeweb revenue rises 14.9% in first results since Trumid acquisition agreement

Tradeweb Markets Inc. grew revenue and average daily volume by double digits in its first results since agreeing to buy credit-trading platform Trumid, a deal that raises connectivity questions for dealers and liquidity providers. The post Tradeweb revenue rises 14.9% in first results since Trumid acquisition...

IndustryLeapRate

Formula 1's 830 Million Fans Draw Forex and CFD Brokers to Global Sponsorships

Formula 1 has transformed into one of the world's fastest-growing sports properties, reaching a global fanbase of more than 830 million people, a 12% year-on-year increase. For brokers, the opportunity goes beyond brand visibility, with partnerships increasingly becoming platforms for fan engagement and brand...

IndustryFinance Magnates

Binance reports $6.3bn security incident, with $3bn frozen

Binance says a compromised engineer's laptop may have let an attacker submit unauthorised withdrawals, with the estimated impact put at $6.3bn and about $3bn frozen. The exchange has not yet explained how the transactions were authorised. The post Binance reports $6.3bn security incident, with $3bn frozen first...

IndustryLeapRate

Community first: Adrián Nardelli on growing his referred client base 9x

Adrián Nardelli spent almost six months giving his broker partnership little attention, even sharing his referral link somewhat timidly. Less than a year after changing his approach, The Exness Team Pro member says he multiplied his Exness referred client base ninefold in less than a year after he began taking a more...

IndustryLeapRate

ASIC Is Not Betting on Prediction Markets for Retail Clients

Australia's corporate regulator has set out its position on prediction markets, saying it is "not currently convinced" that offering them to retail clients is in the public interest. The announcement, as issued, states ASIC's current stance rather than a formal ban. London's trading industry is coming home! The...

IndustryFinance Magnates

Binance Hacked, Estimated $6.3 Billion in Crypto Drained

Binance has confirmed a security breach on its crypto exchange and estimated the total impact of a security incident at around $6.3 billion. It said an initial investigation points to a compromised DevOps engineer's laptop. According to the exchange, the laptop gave an attacker access to a service container, which was...

IndustryFinance Magnates

B2TRADER Adds ChatGPT and Claude for AI Trade Execution, but Brokers Set the Limits

B2BROKER Group has added Model Context Protocol support and an in-terminal AI chat to its B2TRADER platform. The update allows traders to connect external AI tools, including Claude and ChatGPT, to their accounts for analysis and, with the required permissions, trade execution. London's trading industry is coming...

IndustryFinance Magnates

HTX Gives FCA High Court Undertakings on Crypto Promotions

The Financial Conduct Authority has settled its High Court case against HTX's operator, securing undertakings not to knowingly promote crypto services unlawfully to UK consumers, after the exchange took steps to leave the UK. The post HTX Gives FCA High Court Undertakings on Crypto Promotions first appeared on...

IndustryLeapRate

India Names Binance and Bybit Among Foreign Platforms in $585M Crypto Remittance Probe

India's Enforcement Directorate (ED) is investigating alleged cryptocurrency-linked cross-border transactions worth around $585 million (₹5,000 crore). The case involves Mudrex, Saber.money and decentralised finance protocol Instadapp. On 27 October, the agency searched four premises, including three in Bengaluru and...

IndustryFinance Magnates

Crypto Exchange HTX Leaves UK and Settles Regulator's Lawsuit Over Illegal Ads

HTX, the crypto exchange formerly known as Huobi, has settled a lawsuit brought by the Financial Conduct Authority (FCA) and left the UK market. The regulator said today (Thursday) that HTX gave court undertakings not to knowingly promote its services to UK consumers. The case was the first the FCA brought against a...

IndustryFinance Magnates

XTB's Clients Now Mostly Own Stocks, but CFDs Still Earn 90% of Its Trading Result

XTB's clients held PLN 56.2 billion (about $14.2 billion) with the broker at the end of September, according to its preliminary third-quarter report. The total has grown by two-thirds this year. Stocks and exchange -traded funds (ETFs) made up 86% of that money, while open contracts for difference (CFDs) accounted for...

IndustryFinance Magnates

From Months to Weeks: How White Label Solutions Are Changing Brokerage Launches

Launching a brokerage has traditionally followed a familiar formula: sourcing a CRM provider, selecting a trading platform, negotiating with liquidity providers, integrating payment service providers, engaging compliance consultants and managing multiple implementation timelines before a single client can be

IndustryFinance Magnates

Velaris Markets offers MT5 trading with no minimum deposit and spreads from 0.0 pips

Each service has its own terms; the prop service uses demo accounts and is not a brokerage service. Velaris Markets operates two services under one brand. Its brokerage offers CFDs on forex, indices, commodities and crypto on MetaTrader 5. Its prop service runs trading challenges on simulated accounts of up to...

IndustryFinance Magnates

OnsaFX and Getafe CF Renew Partnership for Third Consecutive Season

OnsaFX, a global forex and CFD broker, today announced the extension of its strategic partnership with LALIGA club Getafe CF for the 2026 - 2027 season, marking a third consecutive year of collaboration between the two organizations. First established in 2024, the partnership has evolved from an initial sponsorship...

IndustryFinance Magnates

FM Summit London 2026 Offers Sponsors Direct Access to Senior Industry Decision-Makers

London, UK - FM Summit London 2026 will bring senior professionals from across institutional trading, technology, retail brokerage, fintech and payments to Old Billingsgate on 24 November, offering sponsors and exhibitors an opportunity to connect with decision-makers and build valuable business relationships. Marking...

IndustryFinance Magnates

Spreads Grab the Headlines, but Infrastructure Gets the Institutional Flow

Financial market technology has become an increasing priority for institutional traders as they recognise the role of infrastructure in delivering the best pricing and access. Institutional trader analysis suggests that they are less concerned about index CFD costs than the quality of the execution infrastructure....

IndustryFinance Magnates

Can Solana Win the Race for On-Chain Stock Trading?

Tokenized stocks are becoming more than just a crypto concept; they are a genuine market test. Shares and ETFs are now available on blockchain as settlement-efficient instruments that can be traded outside traditional market hours and directly linked to crypto wallets, in addition to traditional brokerage platforms....

IndustryFinance Magnates

Acting as Counterparty to Clients in South Africa Costs a Broker Almost 3 Times More

A retail broker that acts as its clients' counterparty in South Africa needs about R68.5 million ($3.8 million) in its first year, FM Intelligence estimates. An agent with the same marketing budget needs R24.6 million ($1.4 million), according to an analysis published today (Wednesday). The gap starts with the

IndustryFinance Magnates

Google Cloud Plans Institutional Crypto Custody Service for Next Year's Launch

Google Cloud is developing a cryptocurrency custody service for financial institutions that distributes transaction-signing authority across multiple systems. The product is in private preview, with commercial availability planned for early 2027. London's trading industry is coming home! Other financial firms are also...

IndustryFinance Magnates

Robinhood posts record revenue

Robinhood's third-quarter revenue hit a record as event contracts, options and equities more than covered a steep fall in crypto, while profit fell on lower net interest income and unrealised investment losses. The post Robinhood posts record revenue first appeared on LeapRate .

IndustryLeapRate

GMO Offers $1 Million Bounty for Hackers as Japanese Brokers Tighten Logins

GMO Internet Group offered up to $1 million for information that leads to the identification and arrest of the hackers who breached its trading server service. The site where the attackers had posted customer data went offline early today (Wednesday). The attackers began publishing what they said was customer data on...

IndustryFinance Magnates

Adyen Scraps Its 2028 Margin Target and Cuts This Year's to 50%

Adyen cut its 2026 profit margin forecast to 50% today (Wednesday) and dropped its target of a margin above 55% by 2028. It will spend more on Talon.One and Orb, two loyalty and billing firms it acquired. Merchant demand for the combined offer came in stronger than planned, the Dutch payments company said. The...

IndustryFinance Magnates

Robinhood Doubles Down on Event Contracts as Crypto Revenue Drops 55%

Robinhood Markets (NASDAQ: HOOD) reported third quarter 2026 results on October 27, with event contracts revenue rising more than sixfold while cryptocurrency revenue fell by more than half. Total net revenues rose 12% year over year to $1.42 billion. Transaction-based revenues increased 19% to $867 million. Net...

IndustryFinance Magnates

Connext takes home the Fastest Growing Broker award at UF AWARDS APAC 2026

Connext, a multi-asset CFD broker established in 2022, has won the "Fastest Growing Broker" category at UF AWARDS APAC 2026 in Hong Kong, as it continues to develop its trading offerings and services. Since its establishment, Connext has broadened its product and platform offering, developed client engagement...

IndustryFinance Magnates

NinjaTrader Launches Futures Platform in the UK

NinjaTrader has launched its retail futures trading platform in the United Kingdom. This launch marks the latest phase of the company's 2026 European expansion, following earlier rollouts in Germany, Italy, France, Spain, and the Netherlands. London's trading industry is coming home! The provider offers UK retail...

IndustryFinance Magnates

Trading Places: What 275 Senior Moves Reveal about the Industry

With the summer lull well behind us and the fourth-quarter sprint underway, we decided to track where the industry's top talent has moved in the meantime. Over a critical four-month window spanning June through September, Finance Magnates logged 275 moves across brokers, crypto exchanges and prop firms. Our data...

IndustryFinance Magnates

Kraken opens crypto options to EEA clients

Kraken has reportedly opened BTC and ETH options to eligible EEA clients via its Cypriot MiFID firm, RFQ only, with no public order book yet. The post Kraken opens crypto options to EEA clients first appeared on LeapRate .

IndustryLeapRate

Germany's BaFin Lifts Capital Surcharge on flatexDEGIRO Bank Imposed After 2022 Audit

Germany's financial regulator has scrapped a capital surcharge it imposed on flatexDEGIRO's bank over failings in its business organization. The online broker announced the decision today (Tuesday). The Federal Financial Supervisory Authority (BaFin) will also cut the Pillar 2 Requirement (P2R) for the flatexDEGIRO...

IndustryFinance Magnates

Why ASIC Will Not Receive Some Scam Reports Under Its Draft AFCA Guide

The Australian Securities and Investments Commission ( ASIC ) today (Tuesday) proposed the first substantive update to its guidance on overseeing the Australian Financial Complaints Authority (AFCA). The draft prepares the guide for scam disputes against banks, telecoms firms and digital platforms. From March 31,...

IndustryFinance Magnates

Kraken Brings BTC and ETH Options to EEA under Cyprus Licence

Kraken has opened Bitcoin and Ether options trading to eligible clients in the European Economic Area through Kraken Pro, using the MiFID licence held by the Cypriot investment firm it acquired in 2025. London's trading industry is coming home! Clients can now access options alongside spot and futures from the same...

IndustryFinance Magnates

FINRA Extends Broker Rules to Company KPI Options Ahead of Cboe Launch

FINRA has amended its broker-dealer rules to explicitly cover binary options based on company performance metrics, preparing for products including Cboe's forthcoming KPI contracts. The amendments clarify how brokers should apply the existing listed-options framework to these contracts, from approving customers to...

IndustryFinance Magnates

NAGA Adds Match2Pay Crypto Deposits and Binance Pay Funding for Non-EEA Clients

NAGA has introduced two new ways for clients to fund their trading accounts, adding direct cryptocurrency deposits through Match2Pay and payments through Binance Pay. London's trading industry is coming home! The move comes as brokers expand their cryptocurrency funding options. In January, Finance Magnates reported...

IndustryFinance Magnates

Brazil's Election Upset Tests Prediction Markets' Pitch to Brokers

Prediction markets position their prices as real-time forecasts. However, Brazil's presidential runoff put that claim under scrutiny just as event contracts are reaching brokerage apps. London's trading industry is coming home! Both Polymarket and Kalshi strongly favoured Flávio Bolsonaro on the eve of the vote, but...

IndustryFinance Magnates

XTB Wins Approval to Manage Client Portfolios

XTB received permission from the Polish Financial Supervision Authority (KNF) on Friday to manage investment portfolios on behalf of its clients. The commission granted the permit unanimously, according to its communiqué. The Warsaw-listed broker is also preparing to launch spot cryptocurrency trading in Spain, where...

IndustryFinance Magnates

5 Cool Things You Can Do on PrimeXBT's Platform

Innovation in trading continues to open up new possibilities, changing how people access financial markets and improving trading conditions. PrimeXBT, a global multi-asset broker and crypto asset service provider, puts this into practice with an expanding range of features that give new and experienced traders greater...

IndustryFinance Magnates

iSAM Securities Brings LMAX's 24/7 Crypto and Gold Perpetuals to CFD Brokers

Brokers that run iSAM Securities' Apex bridge can now offer LMAX Group's perpetual futures to their clients, iSAM said today (Monday). The 22 contracts cover Bitcoin, Ethereum, gold and 19 other crypto tokens, and they trade around the clock. The LMAX offer carries leverage of up to 100:1, with funding rates set by...

IndustryFinance Magnates

B-Book Risk Management: Five Questions Your Desk Should Answer Every Week

Most B-book brokers judge their book by one number: what it made last month. If the number is positive, the desk relaxes. If it is negative, someone writes "difficult market conditions" into a management report. Either way, the number tells you whether the book made money. It says almost nothing about why, or whether...

IndustryFinance Magnates

Freedom24 and agentic AI: 8 ways to use MCP with an investment account

Freedom24 has opened its proprietary Tradernet brokerage infrastructure to AI applications through the Model Context Protocol (MCP), allowing clients to connect their investment accounts to AI tools including Claude Code, Cursor and Codex. The connection gives an AI assistant access to selected portfolio, market-data,...

IndustryFinance Magnates

Five Japanese FX Brokers Confirm Hackers Placed Trades After Server Host Breach

OANDA Securities and FXTF said today (Monday) that hackers had placed trades on some client accounts. The intruders used MetaTrader logins taken from servers that traders rented from GMO Internet Group, and both brokers restricted trading on the accounts involved. That brings to five the Japan-licensed brokers...

IndustryFinance Magnates

Coinspaid's Pavel Kashuba Addresses the Crypto Checkout Usage Gap at Stablecon USA

Pavel Kashuba, Strategic Leader at Coinspaid Solutions , used his main-stage address at Stablecon USA 2026 in Washington, D.C., to examine the operational work required to make crypto a routinely used payment method. His session, "Four in Ten American Businesses Take Crypto. Most of Their Customers Never Notice,"...

IndustryFinance Magnates

ICM MENA Names Ahmed Kamal CEO

ICM MENA, the Dubai-based regional arm of broker ICM.com, has promoted Ahmed Kamal to chief executive officer. He joined in March 2019 as a Business Development Manager and had served as Regional Manager since June 2024. London's trading industry is coming home! Kamal's Path at ICM According to his LinkedIn profile,...

IndustryFinance Magnates

Why One Russian-Language Strategy Failed in Two of Three CIS Forex Markets

On price, the CIS is one of the better growth stories left in the industry. The audience behind that price is pretty large: about 84 million people, median age 26 to 27, and already familiar with how forex and CFDs work. That familiarity is why a lead here becomes a first deposit about 4% of the time, against under 2%...

IndustryFinance Magnates

Kalshi Takes on Wall Street's $7.6 Trillion Inflation Futures Curse

Exchange-traded inflation futures have been a notorious graveyard for derivative venues for four decades. Now, Kalshi is targeting a rollout for CPI futures designed to crack open a $7.6 trillion market dominated by Wall Street's bilateral OTC swaps. The company confirmed that it is developing the product but did not...

IndustryFinance Magnates

How Far Should Crypto Firms Trace a Transaction? FCA Says Risk Should Decide

Brokers and trading platforms handling cryptoassets should be able to explain why their monitoring systems flag a transaction and how far they trace its history, according to proposed guidance from the UK Financial Conduct Authority. London's trading industry is coming home! On 23 October, the FCA opened a...

IndustryFinance Magnates

Standard Chartered signs deal to buy Zodia Custody

Standard Chartered has moved from an accepted offer to binding agreements to buy Zodia Custody, folding the crypto custody business into its Securities Services arm while the software side is spun out. The post Standard Chartered signs deal to buy Zodia Custody first appeared on LeapRate .

IndustryLeapRate

Match-Prime Joins iSAM Securities Apex with 2,000 Instruments

iSAM Securities Apex has integrated with Match-Prime, allowing brokers using its platform to access the liquidity provider's multi-asset offering. London's trading industry is coming home! The integration follows a similar development involving Evenox, formerly known as LP Prime , which connected to the Apex bridge to...

IndustryFinance Magnates

What's Really Going on Behind the Scenes of a Brokerage?

Trading technology has evolved considerably over the past decade. But has it evolved enough? The January 2021 GameStop short squeeze was a watershed moment for the entire brokerage industry, making brokers brutally aware of how vulnerable their trading systems can be when activity peaks. Five years down the line, same...

IndustryFinance Magnates

Axon Markets Taps Panagiotis Karamanis as Head of Asia for Regional Push

Axon Markets has appointed Panagiotis Karamanis as its new Head of Asia, tasking the business development veteran to scale the offshore CFD broker's footprint across the critical APAC region. London's trading industry is coming home! Karamanis transitions to Axon Markets following a recent stint as Country Manager for...

IndustryFinance Magnates

Commodity Giants Urge CFTC to Kill Kalshi's Oil Perp Before It Launches

Kalshi's bid to bring crypto-style perpetual futures to the physical oil market has triggered an instant revolt from commodity incumbents. The prediction-market platform filed for a NYMEX-linked WTI perpetual contract on 20 October, a coalition of legacy exchanges and energy hedgers, including CME and ICE, urged US...

IndustryFinance Magnates

Bybit Secures Full Dubai Licence for Spot Trading, but Derivatives Remain Out of Reach

Bybit has secured full regulatory clearance in Dubai for spot trading, but the exchange's core business - crypto derivatives - remains on the waiting list. While rivals Binance and OKX already hold local derivative permissions under the emirate's Virtual Assets Regulatory Authority (VARA), Bybit's newly activated...

IndustryFinance Magnates

FX/CFD Complaints Rise 53%, Outpacing Wider UK Investment Sector

Forex, CFD, and spread betting companies in the UK received twice as many complaints in the first half of 2026 as in the same period in 2025, according to data published by the Financial Conduct Authority (FCA). The total number of complaints across the financial sector received a total of 1.88 million opened...

IndustryFinance Magnates

Southeast Asia's Broker Boom Comes with a Catch

Southeast Asia is becoming a more attractive location for retail brokers, with new market entrants launching locally, obtaining licences or establishing regional offices, established brokers expanding their products, marketing, partnerships and local-language services, and more retail investors entering financial...

IndustryFinance Magnates

The Broker Volumes and Client Numbers ChatGPT Cannot Reach Now Have Their Own Chatbot

FM Intelligence has launched an AI assistant that answers questions about FX and CFD brokers in plain English. FMIQ, introduced this week, returns each answer with the figure, the period and the dataset behind it. That data, from broker website traffic to trading volumes and license records, sits inside the portal....

IndustryFinance Magnates

IG Wants to Be Your Broker and Your Bookie

IG Group has applied for a UK gambling license to offer prediction markets on politics, entertainment and sports, the company said today (Thursday). It expects to open them in early 2027, after launching contracts on financial events for UK professional clients in the fourth quarter. The application sits with IG View...

IndustryFinance Magnates

AJ Bell Signs Up 152,000 Customers as Trading Brokers Push Into UK Investing

AJ Bell added 152,000 platform customers in the year to September 30, taking its total to 796,000, the company said today (Thursday). Most of the growth came from people managing their own money, as direct-to-consumer (D2C) customers rose 30% to 602,000. Platform net inflows rose 37% to £9.7 billion (about $12.9...

IndustryFinance Magnates

Robinhood Gets Dubai License, Plans 2027 Middle East Launch

Robinhood Markets has received approval from the Dubai Financial Services Authority (DFSA) to offer its investing app in the Middle East, the company said today (Thursday). It plans to launch in 2027. The US broker will be based in the Dubai International Financial Centre (DIFC), its new regional headquarters. The...

IndustryFinance Magnates

NAGA's Core Earnings Fall 40% as It Spends 32% More on Marketing

NAGA Group's EBITDA fell 40% to EUR 1.35 million in the third quarter from the second, the Hamburg-based broker said today (Thursday). It raised marketing spending by 32% over the same period ahead of a planned app launch. Group revenue slipped to EUR 12.7 million from EUR 13.3 million in the second quarter, while net...

IndustryFinance Magnates

CFD Brokers Changed Their Marketing Teams, but Did They Fix the Wrong Problem?

Over the past few weeks, I have spoken with people across several CFD brokers. Different companies, different markets, but the complaint was remarkably consistent: campaigns that worked in May and June were delivering fewer first-time depositors by the end of Q3. Cost per acquisition and overall customer acquisition...

IndustryFinance Magnates

CFTC Slaps $9.2 Million Fine and Lifetime Ban on NOLA FX Founder

A Ponzi-style forex scheme has left its organiser facing nearly $16 million in court-ordered payments. The U.S. District Court for the Eastern District of Louisiana ordered Michael B. DePetrillo and his companies, Meteor LLC and NOLA FX Capital Management LLC, to pay a $9,211,492 civil monetary penalty for their...

IndustryFinance Magnates

Retail Brokers Get Helio Access Through FXBO's CRM Integration

FX Back Office, a provider of CRM and back-office technology for forex brokers, has integrated Fintake's Helio trading platform into its technology ecosystem, the companies announced. London's trading industry is coming home! Helio has also established connections with other trading technology providers. Its...

IndustryFinance Magnates

Broker Websites May Go Offline as Critical PHP Fixes Roll Out

Brokers with PHP-based websites may temporarily take their public pages offline while applying fixes for two critical security vulnerabilities. Clients won't lose access to their accounts or trading platforms, if they run on separate systems. The US National Security Agency warned organisations using PHP to prepare...

IndustryFinance Magnates

The CPA Arms Race: How Can Brokers Compete Without Running Permanent Losses?

The CPA model has long been one of the most direct ways for brokers to acquire clients and introducer books. It is simple, trackable, and commercially clear: pay a fixed amount for a qualified client, then aim to recover that cost through spreads, commissions, and lifetime value. In theory, this aligns interests. In...

IndustryFinance Magnates

Brex Capital Is Expelled by Financial Commission Two Months After Rebrand

Brex Capital has lost its Financial Commission membership after repeatedly failing to comply with the organisation's rules and guidelines. According to the Financial Commission's announcement, the expulsion took effect on 19 October and applies to the broker under both its current name and its former name, QRS Global....

IndustryFinance Magnates

Tradeweb to Buy Trumid for $1.97bn in Credit Push

Tradeweb Markets Inc. has agreed to buy Trumid Holdings, LLC, a US credit trading platform, adding new-issue and grey-market bond trading and a client base of hedge funds and systematic traders. The post Tradeweb to Buy Trumid for $1.97bn in Credit Push first appeared on LeapRate .

IndustryLeapRate

Dubai's Compliance Chiefs Command Up to $425k, Cyprus Salaries Jump 14%

In Dubai, Chief Compliance Officers can earn as much as $425,00 annually, exceeding the salary ceilings for Chief Technology Officers and revenue chiefs. In London, Heads of Compliance can earn up to $251,000, while Cyprus has recorded a 14% annual increase in salaries across its FX and fintech sectors. These figures...

IndustryFinance Magnates

FINMA Approves Switzerland's First Retail Bitcoin ETF

The Swiss Financial Market Supervisory Authority (FINMA) has approved a retail Bitcoin exchange-traded fund and waived diversification limits, while setting custody and conduct obligations for the supervised firms that distribute crypto-based products. The post FINMA Approves Switzerland's First Retail Bitcoin ETF...

IndustryLeapRate

Liquidity Firm Evenox Reaches CFD Brokers Through iSAM Securities After Rebrand

Evenox, the liquidity provider formerly known as LP Prime, has connected to iSAM Securities' Apex bridge, iSAM said today (Wednesday). CFD brokers on Apex can now add its prices on more than 2,500 instruments. Brokers keep their existing liquidity providers and add Evenox through the bridge. The range covers FX,...

IndustryFinance Magnates

Former oneZero Executive Launches Firm to Vet Technology Vendors for Brokers

Bazil De Bruyn, a former executive at oneZero Financial Systems, has launched an advisory business that helps brokers and proprietary trading firms choose technology vendors. Elevate Edge, based in Limassol, Cyprus, announced the launch today (Wednesday) and said it also works with banks. Brokers and prop firms buy...

IndustryFinance Magnates

Brokeree Lets Copy Trading Providers Explain Losses to Followers in a Feed

Brokeree Solutions launched a feed today (Wednesday) that lets copy trading signal providers post updates for the traders who follow them. The tool, called Feed, runs inside Brokeree's Social Trading platform, which retail brokers license to offer copy trading to their clients. Providers who want to talk to followers...

IndustryFinance Magnates

Brokers Prepare for AI Computing Futures as US Regulator Closes Comment Window

Futures brokers are getting clients ready for contracts on the cost of renting AI computing power, though no US exchange has been cleared to list them. The Commodity Futures Trading Commission (CFTC) closed its public consultation on the products yesterday (Tuesday). BGC Group, ADM Investor Services and Nanhua USA are...

IndustryFinance Magnates

MyForexFunds Unveils Evolution: Hitting 2% Drawdown Gets You Demoted to Intern

MyForexFunds has outlined Evolution, a new prop trading program that offers one-phase and two-phase challenges and separates its simulated trading environment from a proprietary trading company. London's trading industry is coming home Funded accounts start in Partner status, which has no daily drawdown rule, and move...

IndustryFinance Magnates

MyForexFunds Bets on a Non-Conflict Model, With Fewer Rules and More Rewards

MyForexFunds has outlined Evolution, a new prop trading program that offers one-phase and two-phase challenges and separates its simulated trading environment from a proprietary trading company. London's trading industry is coming home Funded accounts start in Partner status, which has no daily drawdown rule, and move...

IndustryFinance Magnates

River Markets Targets Institutional Distribution Role for OG.com and Crypto.com

River Markets is positioning itself as a central distribution gateway for institutional prediction markets, signing a preliminary agreement to route orders for both OG.com's event contracts and Crypto.com's crypto spot liquidity through a single trading interface. Under a memorandum of understanding signed on 20...

IndustryFinance Magnates

Brokers With Payment Cards Could Get Their Own iPhone Wallets Under UK Plan

Apple would have to open the iPhone's contactless payment technology to rival UK apps at lower fees, under proposals the Competition and Markets Authority (CMA) published today (Tuesday). The regulator said Apple's fees and access rules are blocking UK fintechs from building competing services. No firm has yet...

IndustryFinance Magnates

Boerse Stuttgart Wins German Approval for Seturion Trading Platform

Germany's financial regulator has licensed a Boerse Stuttgart Group subsidiary to run a distributed ledger trading and settlement system, giving the Seturion platform its legal footing. No production launch date has been announced. The post Boerse Stuttgart Wins German Approval for Seturion Trading Platform first...

IndustryLeapRate

XTB Opens Investing Accounts to Teenagers, Starting in Romania

XTB launched investing accounts for 14- to 17-year-olds in Romania today (Tuesday), with parents keeping control of the money. Romania is the first country to get the service, called XTB Young, the Polish broker said. Clients aged 18 to 24 made up 17.4% of XTB's active clients across all its markets in the first half...

IndustryFinance Magnates

FFN Perps Brings 24/7 Stock and Crypto Perpetuals to Prop Trading

Funded Futures Network, a futures prop trading firm, launched a second brand in October that sells evaluations on perpetual contracts. FFN Perps lists 134 markets in crypto, stocks, indices, commodities and forex, open around the clock including weekends, its website shows. Crypto exchanges already trade such...

IndustryFinance Magnates

Upcoming Fintech Webinars for Financial Services Professionals

Looking for fintech webinars that cover real business needs? Finance Magnates brings you online sessions with experts from across financial services. Our webinars cover topics such as payment solutions, brokerage technology, and fintech services. They also give you the chance to learn from industry experts and hear...

IndustryFinance Magnates

Tokenized Stocks Still Follow Wall Street Prices, Study by Exchange Group Finds

Tokenized U.S. stocks take their prices from the exchanges where the shares trade, a World Federation of Exchanges (WFE) study published today (Tuesday) found. In none of the 61 pairs it analyzed did the token lead price discovery. Brokers and crypto platforms sell the tokens on access to U.S. shares at any hour. Yet...

IndustryFinance Magnates

Google Takes Back Its Danish CFD Ad Ban and Throws In Chile

Google has updated its Complex speculative financial products policy to allow ads for contracts for difference (CFDs), rolling spot forex and similar products in Denmark and Chile. The policy decision takes effect in October 2026, but Google did not give an exact date. London's trading industry is coming home! What...

IndustryFinance Magnates

Google Broadens UAE Crypto Ad Eligibility, Clarifies CFD and Forex Rules

From 21 October, Google will apply updated licensing requirements to ads for crypto exchanges, software wallets, CFDs and rolling spot forex targeting users in the United Arab Emirates. Firms in all four categories need a licence for the service they promote and separate Google certification before their ads can run....

IndustryFinance Magnates

India Reclaims Top Spot as US Interest Retreats in Q3 2026 Heat Map

India is surprisingly back at the top of our Heat Map rankings, according to FM Intelligence's Q3 data, even as its share of interest declined slightly. Its return is one of several notable changes in the geographic distribution of attention across the FX and CFD industry this quarter. These developments could offer...

IndustryFinance Magnates

Hantec Trader Rebrands to RZR Funded in Strategic Shift

Hantec Trader, the prop firm arm of the Hantec Group, has rebranded as RZR Funded. The move, however, goes well beyond a surface-level marketing reskin. The firm has also officially changed the name of the corporate entity behind the prop operations from Hantec Trader Limited to RZR Funded Limited. Despite the name...

IndustryFinance Magnates

CME Group to launch Tungsten futures

International derivatives marketplace CME Group today announced that it will launch Tungsten futures to meet rising demand for its metals complex.

IndustryFX News Group

Revolut Wins Gibraltar Crypto License, Reopens Sign-Ups for Local Residents

Gibraltar's financial regulator has authorized a new Revolut subsidiary to provide crypto services, the government said today (Monday). The unit can now execute virtual asset orders, hold the assets in custody and offer staking. The government statement named the subsidiary as Revolut Global Digital Assets Limited...

IndustryFinance Magnates

ASIC Fell Short on License Speed After Receiving 803 Applications

The Australian Securities and Investments Commission (ASIC) missed its own targets for deciding financial services license applications, its annual report showed today (Monday). It decided 82% of applications within 240 days, against a goal of 90%. That license is what CFD brokers, market makers and crypto platforms...

IndustryFinance Magnates

One Account for Crypto, Stocks and Stock Options: When Consolidation Pays

About 35% of American investors own crypto, and it averages 10% of their portfolios, according to Charles Schwab's 2025 Modern Wealth Survey. Until recently, holding both meant running two platforms, and the cost of that split never appeared as a fee. It showed up as cash parked between transfers, trades that waited...

IndustryFinance Magnates

More Holders, Little Trading: The RWA Liquidity Problem Is Worse Than You Think

Let me ask you something straight. Does real-world asset trading on crypto exchanges feel like a genuine revolution, or does it feel like a warehouse full of boxes nobody opens? I think you know the answer. London's trading industry is coming home! The RWA sector has a serious liquidity problem, and saying it out loud...

IndustryFinance Magnates

FCA to Review Complex-Product Risk Tests as AI Erodes Client Screening

Retail investors once had to Google the answers to qualify for high-risk CFDs and complex derivatives; generative AI has turned passing those questionnaires into a one-click exercise. Now, the UK Financial Conduct Authority is preparing to call time on the shortcut, launching a review into how online brokers screen...

IndustryFinance Magnates

CySEC Discloses €100,000 TitanEdge Fine after CFD Broker Stops Operations

CySEC disclosed the penalty two weeks after Titanedge ceased providing investment services and while the regulator was considering the company's voluntary licence surrender. The Cyprus Securities and Exchange Commission (CySEC) published the announcement on 16 October, however, the enforcement action relates to...

IndustryFinance Magnates

CXM Group to Acquire South Africa's TD Markets

Multi-asset broker CXM Group has agreed to buy Johannesburg-based TD Markets, Finance Magnates reports, which would give CXM a regulated South African entity for the first time. Terms were not disclosed. The post CXM Group to Acquire South Africa's TD Markets first appeared on LeapRate .

IndustryLeapRate

UPTECH Highlights Unified Brokerage Infrastructure Following UF Awards Nomination

UPTECH, a fintech firm providing institutional technology infrastructure for FX, CFD, and multi-asset brokerages, is marking its UF AWARDS APAC 2026 nomination by highlighting the integrated architecture behind its technology offering. The company views the nomination as industry recognition of its technical approach...

IndustryFinance Magnates

Your Bourse and 4XPORTAL Go Public With Broker Technology Tie-Up Aimed at Dubai

Your Bourse, a liquidity technology provider, and CRM vendor 4XPORTAL said today (Friday) they jointly serve forex brokers. About two to three brokers use the combined setup, Your Bourse told FinanceMagnates.com. So far the focus has been FX and CFD brokers in 4XPORTAL's Dubai network, including Indian brokers that...

IndustryFinance Magnates

Mexico Draws a Wave of Brokers, and Now Their Software Suppliers

Trading software vendor Leverate named Mexico a key growth market today (Friday), saying it is putting more time and resources into Latin America. The company sells white-label brokerage setups, prop trading platforms and liquidity to brokers, and said it already runs an office in Colombia. Brokers are already there....

IndustryFinance Magnates

Syphonix Brings Institutional-Grade Trading to Every Desk

For decades, the best trading technology was built for the biggest players, with big budgets and big teams. Syphonix, backed by a USD 100 million Series A, is building it for everyone else. Its AI-native trading platform combines ultra-low-latency execution with AI agents that help run the desk, from pricing and...

IndustryFinance Magnates

Ripple Prime Connects Institutions to Hyperliquid's 24/7 Markets Through Swaps

Ripple Prime has begun offering institutional clients swaps linked to more than 100 traditional-asset perpetual markets. The underlying contracts trade on Hyperliquid, but clients enter the swaps with Ripple Prime as their counterparty and can manage them alongside other positions held through the prime broker....

IndustryFinance Magnates

MFSA Bans Trive Shareholder for 10 Years, Freezes Client Transactions

The Malta Financial Services Authority has barred Trive shareholder Kasim Garipoglu from taking new positions requiring its approval for 10 years and ordered him to divest his shareholding in the broker within six months. The regulator also ordered Trive Financial Services Europe Limited to stop all incoming and...

IndustryFinance Magnates

Schwab Trading Activity Jumps 44%, Outpacing Revenue Growth

Charles Schwab's daily trade count rose 44% year over year in the third quarter of 2026, while trading revenue increased 16%. The gap left the brokerage earning less revenue per reported trade even as its wider business posted record quarterly revenue. London's trading industry is coming home! Clients completed an...

Charles Schwab

IndustryFinance Magnates

Lynx Opens Warsaw Office With Fewer Clients Than XTB Adds in Six Weeks

Dutch broker Lynx is opening an office in Warsaw, it said today (Thursday). Poland becomes the fifth country where the Amsterdam-based company runs a local team, and it says it serves more than 72,000 active investors across Europe. That is fewer than the Polish brokerage accounts XTB opens in six weeks at its August...

IndustryFinance Magnates

Finance Magnates and FYNXT to Host Webinar on Composable Brokerage Technology

The free webinar on 12 November 2026 will explore how brokers can rethink their technology setup, reduce the burden of managing multiple systems, and build a more flexible brokerage business. Finance Magnates and FYNXT will host a live webinar titled "Buy vs. Build Is Dead: The NXT-Generation Brokerage Is Composed" on...

IndustryFinance Magnates

Why Is XRP Going Down? Token Slides to $1.32 After Rally Stalls at $1.56

XRP slipped to $1.318 on Bitstamp by 09:36 UTC today (Thursday), down 3.6% over 24 hours, as hotter US inflation data pushed crypto lower. The token is now testing support between $1.28 and $1.32, about 16% below the $1.56 level that stopped its September rally. US consumer prices rose 3.7% in the 12 months to...

IndustryFinance Magnates

FCA Finds Insider Dealing Surveillance Gaps at Seven UK Retail Brokers

Seven UK retail brokers had material weaknesses in the systems meant to catch insider dealing by clients, the Financial Conduct Authority (FCA) said yesterday (Wednesday). It named none of the firms. All seven were required to strengthen their surveillance after the visits. In some cases the FCA used skilled person...

IndustryFinance Magnates

Brokerpilot Brings the Whole Book Into View at UF AWARDS APAC 2026

Brokerpilot , the risk management and dealing automation technology provider for FX and CFD brokers, has been nominated for the UF AWARDS APAC 2026. The nomination brings attention to a central question for institutional risk management: how can a brokerage keep a clear view of its business as its operations become...

IndustryFinance Magnates

Australia's Crypto Platforms Have Until 27 November to Mark ASIC's Homework

Digital asset platforms in Australia will need an Australian financial services (AFS) licence, customer disclosure documents and platform rules, and must meet asset-holding, transactional and settlement standards plus net tangible asset requirements where relevant. These are the obligations in guidance the Australian...

IndustryFinance Magnates

Perpetual Futures on US Stocks Could Go Live Within Weeks, SEC Official Says

At least four exchanges are expected to start trading perpetual futures on securities this quarter, the SEC's top market-structure official said, signalling that a contract born in crypto markets is close to entering regulated US equity derivatives trading. Speaking at the Security Traders Association's annual market...

IndustryFinance Magnates

SEC Clears Cboe KPI Options, with Robinhood Set for Retail Launch

The US Securities and Exchange Commission has approved Cboe's proposal for listing binary options tied to corporate performance indicators. The platform submitted the proposed rule change to permit listing of binary options overlaying key performance indicators reported by selected stock issues in July 2026. Once...

IndustryFinance Magnates

BingX EU Secures Austrian MiCA Licence to Enter 29 EEA Markets

BingX EU, operated by MEGE zweite GmbH, has secured a licence under the Markets in Crypto-Assets Regulation from Austria's Financial Market Authority. The authorisation is expected to allow the company to offer regulated crypto services across the European Economic Area, subject to applicable passporting requirements....

IndustryFinance Magnates

Axi Clients Can Now Ask Claude to Place Trades in Their MetaTrader Accounts

Axi said today (Wednesday) that eligible clients can connect their MetaTrader 5 (MT5) accounts to Claude, Anthropic's AI assistant, and use it to place trades. The link runs through the Model Context Protocol (MCP), an open standard for connecting AI tools to outside data and services. Through Claude, clients can...

IndustryFinance Magnates

EU Banking Regulator Takes Over Key Oversight of Circle's USDC Stablecoin

The European Banking Authority (EBA) classified Circle's USDC as a significant e-money token under the Markets in Crypto-Assets Regulation (MiCA) today (Wednesday). It is the first of the 45 e-money tokens notified in the European Union to receive the label. From November 12, the EBA will directly supervise USDC's own...

IndustryFinance Magnates

Alpaca Seeks to Bridge Crypto and Stock Markets with Prime Brokerage Launch

Alpaca plans to launch a prime brokerage business in the first quarter of financial year 2027 as it expands into services connecting cryptocurrency and traditional financial markets, Bloomberg reported. London's trading industry is coming home! The California-based company raised $150 million in an equity round in...

IndustryFinance Magnates

CFD Market Share Slumps to 6.7% in Europe, Overtaken by Crypto and Equities: ESMA

Europe's cross-border retail investment market picked up about five million reported clients in 2025, and CFDs missed out on almost all of it. ESMA's latest annual report shows the overall total rising from 10.5 million to 15.5 million, while CFD client numbers dipped to 1.3 million, falling behind even the tokenised...

IndustryFinance Magnates

XDC Now Listed on Robinhood, Expanding Access to Millions of U.S. Users

New York, October 2026: Robinhood Crypto has integrated support for XDC Network, allowing eligible U.S. retail customers to trade the XDC token on its platform from now. The listing opens XDC, the native token of a Layer-1 blockchain built for trade finance, payments and tokenized real-world assets, to 2.3 million...

IndustryFinance Magnates

Kraken Parent Payward to Acquire European Bank

Payward, the parent company of crypto exchange Kraken, has signed an agreement to acquire Finnish holding company Saldo Finance Oy, owner of Lithuania-licensed Saldo Bank. London's trading industry is coming home! While financial terms were undisclosed, the deal, expected to close in 2027, positions Payward as one of...

IndustryFinance Magnates

Robinhood Lets All Eligible US Customers Share Their Trades and Portfolios

Robinhood has opened its in-app trading feed, Robinhood Social, to all eligible US customers, ending an invitation-only beta. Chief Executive Vlad Tenev confirmed the wider rollout yesterday (Tuesday) in a post on X. Customers can now share stock and crypto charts, realized profit and loss, and portfolio allocations...

IndustryFinance Magnates

Benzinga and WNSTN Pitch Turnkey AI to Brokers With Promise of 2.3x Trading Boost

Financial data vendor Benzinga and AI developer WNSTN have rolled out a white-label conversational assistant designed to turn market research into instant client order flow inside third-party brokerage apps, promising to more than double retail trading frequency. The service brings together Benzinga's market...

IndustryFinance Magnates

South Korea Blocks 27 Crypto Exchange Websites, Including KuCoin, BitMart

South Korea's Financial Intelligence Unit has ordered access restrictions on 27 websites operated by unregistered overseas cryptocurrency exchanges, including KuCoin, MEXC, Phemex, BingX and BitMart. London's trading industry is coming home! The move follows previous action against offshore exchanges. In August 2022,...

IndustryFinance Magnates

Investec to Offer IG's Trading Platform in South Africa Under Its Own Brand

IG Prime, the institutional arm of IG Group, has signed Investec Prime Services as a partner for its white-label trading platform in South Africa. Investec keeps its own brand. IG supplies the trading technology, execution, analytics and risk tools behind it, covering derivatives on equities, indices, FX, commodities...

IndustryFinance Magnates

Social Media Sentiment Drives Retail Trading Losses, ESMA Study Finds

For the past two years, regulators across the world have waged a high-profile war against finfluencers. However, a new ESMA study finds that cracking down on non-compliant influencers addresses only half the problem. Even when posts are legal, accurate, and organic, social media sentiment quietly drives retail traders...

IndustryFinance Magnates

BingX Opens 7,000 US Stocks to Crypto Users a Day After Bybit

BingX opened trading in more than 7,000 US stocks and exchange-traded funds today (Tuesday), routing orders through US brokerage infrastructure provider Alpaca. Users pay for the shares in USDT or USDC drawn from their existing crypto balances, the exchange said. It is the second crypto exchange in two days to sign up...

IndustryFinance Magnates

Singapore Sets New AI Risk Rules for Finance. What They Mean for Brokers

The Monetary Authority of Singapore (MAS) has drawn a clearer regulatory line around the use of artificial intelligence in financial services. On 7 October 2026, the regulator published its Guidelines on Artificial Intelligence Risk Management, establishing supervisory expectations for financial institutions using AI,...

IndustryFinance Magnates

What AI Actually Took From Bitcoin

Bitcoin needs to stop competing with AI for attention. If the case for owning it still depends on being the most exciting bet on the future, then years of institutionalisation have done less than crypto likes to admit. For years, that asset had a very convenient advantage. It gave investors tech, finance, rebellion...

IndustryFinance Magnates

Kudo.com Launches Instant Crypto Withdrawals, Develops Native Mobile App

Multi-asset trading broker Kudo.com has launched instant crypto withdrawals, now live for its clients globally. The company says it is also progressing development of a new native mobile app. According to Kudo, the feature uses automated withdrawal processing to eliminate manual handling delays, allowing clients to...

IndustryLeapRate

US Retail Forex Deposits Snap Three-Month Slide, Then Stall Near $470 Million

Customer deposits at US retail forex brokers rose in July for the first time in four months, then edged lower in August. The six registered dealers owed retail clients $469.96 million at the end of August, according to Commodity Futures Trading Commission (CFTC) data. July added $9.27 million, a 2.01% increase that...

IndustryFinance Magnates

Kraken Gets Final Dubai Crypto License, Plans UAE Launch Within Weeks

Kraken's parent Payward received Full Market Approval from Dubai's Virtual Assets Regulatory Authority (VARA) today (Monday). Kraken plans to start serving clients in the United Arab Emirates (UAE) in the coming weeks, the company said. The approval is the last stage of VARA's licensing process. It follows the...

IndustryFinance Magnates

Crypto Exchange Bybit Moves From Stock CFDs to Real US Shares

Bybit opened trading in more than 1,000 US-listed stocks and exchange-traded funds today (Monday), with purchases paid in the USDC stablecoin. Orders are executed by Alpaca, a US broker-dealer that also holds the shares in custody, the Dubai-based crypto exchange said. The product is a step away from the equity...

IndustryFinance Magnates

NAGA Adds €1 Million Client Insurance, but Total Cover Is Undisclosed

NAGA has added private insurance for clients of its CySEC-regulated European business. The policy is designed to cover missing cash and securities if the broker becomes insolvent and client assets have been lost through fraud, theft or similar misconduct. The cover is an addition to Cyprus's €20,000 Investor...

IndustryFinance Magnates

Too Big to Supervise at Home: EU Limits Direct ESMA Rule to Crypto Giants

EU member states have rejected plans to put every digital-asset firm under direct ESMA supervision, drawing a line that leaves most of them under their familiar national watchdogs. This is a substantial retreat from the European Commission's original proposal , presented in December 2025, which implied that ESMA would...

IndustryFinance Magnates

From Reseller to Exchange: Blockchain.com Moves to Bring US Derivatives In-House

Blockchain.com is seeking US registrations that could take it from distributing products supplied by Polymarket and Hyperliquid to operating its own derivatives business, CNBC reported. The company has reportedly applied to operate a designated contract market (DCM) and a futures commission merchant (FCM). Together,...

IndustryFinance Magnates

Markets4you Introduces IB Flex Commission Settings Alongside Dream Trip 2026

Markets4you, a global multi-asset trading broker, has introduced Commission Settings for eligible IB Flex Partners alongside Dream Trip 2026, a global promotion rewarding Partners with travel vouchers and other rewards. The new Commission Settings gives Partners greater flexibility in managing how commissions are...

IndustryFinance Magnates

ESMA Moves to Plug Loopholes for Non-MiCA Stablecoins Beyond Spot Delistings

A crypto exchange can remove a non-MiCA stablecoin from its order book and still leave other ways for customers to buy it. ESMA now wants platforms to close those routes as well. Under an opinion published on October 8, EU regulators should examine the entire customer journey rather than focus only on which tokens...

IndustryFinance Magnates

FTMO Says Monthly Rewards Near $15 Million in September

Prop trading firm FTMO reported paying more than $14.4 million in rewards to roughly 7,100 traders in September, bringing its reported cumulative payouts above $650 million. The Prague-based firm distributed more than $200 million in rewards over the past 12 months, averaging roughly $16 million a month. Based on the...

IndustryFinance Magnates

Most Axi Clients Now Trade on MetaTrader 5 as Broker Rolls Out MetaQuotes' Order Engine

More than 60% of Axi's customers now trade on MetaTrader 5, MetaQuotes said yesterday (Wednesday) in a case study on the broker. Axi has also started deploying Ultency, the order-matching engine MetaQuotes sells to MT5 brokers. MetaTrader 5 overtook MT4 across the industry last year. It handled 62% of combined MT4 and...

IndustryFinance Magnates

Finance Magnates and Clarity Global to Explore Payment Solutions for Trading Firms

Finance Magnates and Clarity Global are set to host a webinar exploring banking and payment solutions for trading firms, including FX brokers, prop trading firms and prediction market businesses. Titled "Banked, Not Blocked: Simplifying Complex Payments for Trading Firms," the webinar will examine the banking...

IndustryFinance Magnates

Ripple Prime wins Brevan Howard prime brokerage mandate

Ripple Prime will provide multi-asset prime brokerage, clearing and financing to Brevan Howard funds, turning an existing investor relationship into an operating mandate, although the size of the mandate has not been disclosed. The post Ripple Prime wins Brevan Howard prime brokerage mandate first appeared on LeapRate...

IndustryLeapRate

Swiss Banks, Brokers and Fintechs Must Prove Online Clients Are Real People

Swiss banks and brokers will have to confirm a live person is behind online account openings that use the state e-ID or a qualified e-signature. The Swiss Financial Market Supervisory Authority (FINMA) issued the rules today (Thursday). The revised circular on video and online identification takes effect on November

IndustryFinance Magnates

cTrader Lets Brokers Pre-Install Their Own Tools for All Clients

Brokers and prop firms on cTrader can now pre-install their own tools for every client, Spotware Systems said today (Thursday). The Cyprus-based company opened cTrader's multi-platform plugins to services that firms build or commission themselves. Firms can deliver a plugin automatically to their clients and also list...

IndustryFinance Magnates

ESMA Expects MiCA-Authorised Crypto Firms to Stop Non-Compliant Stablecoin Services

The European Securities and Markets Authority has published an opinion expecting MiCA-authorised crypto firms to stop services tied to non-compliant stablecoins, with existing exposures cleared within three months of publication, which puts the limit at 8 January 2027. The post ESMA Expects MiCA-Authorised Crypto...

IndustryLeapRate

Nasdaq Backs One Trading to Push 24/7 Trading in Europe

One Trading secured an undisclosed strategic investment from Nasdaq Ventures, laying the groundwork for the two firms to explore potential joint initiatives. Through this partnership, both companies plan to assess options for upgrading 24/7 operating infrastructure into traditional derivatives while broadening their...

IndustryFinance Magnates

XTB Catches Up on Overnight US Stock Trading, Adds Hungarian Tax Account

XTB said yesterday (Wednesday) it had started rolling out 24-hour weekday trading in selected US shares, which several rivals have offered for two years or more. The Warsaw-listed broker also opened a tax-advantaged long-term investment account in Hungary. Both products are aimed at the clients XTB now signs up first....

IndustryFinance Magnates

Prop Firm Vest Labs Secures Rare $13M Pre-Seed

New York-based prop firm Vest Labs has raised a $13 million pre-seed round led by Portal Ventures, Fortune reported. The round, which closed in July, also drew angel investments from senior executives at Citadel Securities, BlackRock, and KKR. VC backing is rare for prop trading firms, let alone a pre-seed round of...

IndustryFinance Magnates

Beyond Faster Payments: The Case for Stablecoin Rails in the Brokerage Industry

For an FX or CFD broker, a successful deposit is only the beginning. The money still needs to be identified, reconciled, and made available through the appropriate accounts. Withdrawals must reach approved recipients, commissions must be paid, and the treasury needs a reliable view of where funds sit. Every gap...

IndustryFinance Magnates

Former Velocity Trade eFX Head Greg Lunz Joins Axi in Product Growth Role

Greg Lunz, the former Head of eFX for Asia Pacific at Velocity Trade, has joined Sydney-headquartered forex and contracts for differences (CFDs) broker Axi as its Head of New Product Innovation and Growth. Lunz took up the Sydney-based role in July 2026, ending his four-year tenure at Velocity Trade. His appointment...

IndustryFinance Magnates

CentFX Earns Most Trusted Liquidity Provider Award at Forex Expo Dubai 2026

Recognition closes two days of live trading sessions and partner meetings at Booth 081, Dubai World Trade Centre CentFX ended its appearance at The Forex Expo Dubai 2026 on a high note, taking home the Most Trusted Liquidity Provider award at the close of the two-day event. The globally regulated multi-asset broker...

IndustryLeapRate

After the IG Selloff, Brokers Found Many Ways to Say 'Business as Usual'

Friday, 2 October, was a bad morning for IG Group shareholders. The stock plunged as much as 27% in early trading after management slashed its revenue outlook, marking its worst trading session for nearly a decade. Rivals immediately felt the squeeze and by Monday, they had all found a way to explain why IG's numbers...

IndustryFinance Magnates

Tokenization is Already Reshaping Capital Markets

Capital Markets are changing shape. Stocks, bonds, private credit, private equity, venture, real estate, funds and commodities are all being tokenized, and the institutions doing it sit at the very centre of global finance. Tokenization is no longer confined to crypto; it is now part of mainstream capital markets....

IndustryFinance Magnates

GTN Names Saxo Vet Daniel Endler as First Ever Group CPO

Infrastructure provider GTN has appointed Daniel Endler as its first Group Chief Product Officer (CPO). The newly created role sits between commercial operations and the CTO to build a unified, adaptable trading platform. "It aligns these two functions from a day-to-day operational standpoint, while also driving...

Saxo Bank

IndustryFinance Magnates

Kalshi Takes Perpetual Futures into US Equities after CFTC Approval

Kalshi has received CFTC approval for its US500 perpetual future and opened the contract for trading, less than two months after submitting it for regulatory review. The product gives US clients leveraged long or short exposure to 500 large American companies without a fixed expiry date. It expands Kalshi's perpetual...

IndustryFinance Magnates

Tradeweb ADV Jumps 34% in September as Rates Derivatives Lead Growth

Tradeweb Markets' average daily volume rebounded 33.7% in September to $3.74 trillion, with rates derivatives generating most of the increase. ADV was also 29% higher than a year earlier, while total monthly trading volume reached $81.6 trillion. The recovery followed a weaker August , when overall ADV declined 4.5%...

IndustryFinance Magnates

Argentina's market opening must not lower broker standards, says IC

As Argentina opens further to international markets, brokers entering the country should not treat greater access as a reason to lower compliance standards, according to Javier Jara Lindao, LATAM Regional Manager at IC. Speaking at Money Expo Argentina 2026 on the panel "FX Access, Broker Credibility, and AML in...

IndustryFinance Magnates

9,000 Strategies Is the Starting Point, Not the Proposition

Plenty of brokers have launched copy trading in the last two years. Fewer can say what it did for revenue. The pattern is familiar. The module goes live, there is a fortnight of client curiosity, and activity settles somewhere nobody builds a business case on. Sometimes the strategies themselves are the problem: too...

IndustryFinance Magnates

CFTC Lets Coinbase Turn 25-Year Index Futures Into Contracts That Never Expire

US futures exchanges can now strip the expiration dates from their perpetual-style stock index futures. The Commodity Futures Trading Commission (CFTC) granted the no-action relief yesterday (Monday). The change turns contracts that Coinbase Derivatives listed with expiries of up to 25 years into true perpetuals. The...

IndustryFinance Magnates

PropLaunch Expands Prop Firm Launch Capabilities with Axcera and RUBIK Integration

PropLaunch (https://proplaunch.com/) today announced a new strategic partnership with Axcera and RUBIK Prop Firm Consulting to provide entrepreneurs with a coordinated infrastructure and operational framework for launching and running proprietary trading firms. The partnership brings together PropLaunch's operating...

IndustryFinance Magnates

OUINEX Taps Prop Firm Founder Nathan Meyer as South Africa Managing Director

OUINEX has appointed Nathan Meyer as Managing Director for South Africa. He will lead the company's local operations and team, and oversee its strategy in the country. London's trading industry is coming home! The move comes as international brokers face higher costs for maintaining local operations in South Africa. A...

IndustryFinance Magnates

Sky Links Capital appoints Hormoz Faryar as Managing Director

Sky Links Capital Group has appointed Hormoz Faryar as Managing Director to lead its institutional business development and expansion across global markets. According to the company, Faryar brings more than 25 years of institutional e-FX trading and sales experience. His previous roles include Vice President, AES FX...

IndustryLeapRate

CFTC Seeks Public Input on Proposed Retail Crypto Regulatory Framework

The US Commodity Futures Trading Commission has opened a consultation on rules for retail commodity transactions involving crypto assets. The agency published an Advanced Notice of Proposed Rulemaking seeking comments on a regulatory framework for these transactions. The proposal covers requirements for retail crypto...

IndustryFinance Magnates

Only 18% of US Investors Show Advanced Investment Literacy, Study Finds

Most US investors surveyed could handle basic questions about stocks, bonds and inflation, but their knowledge weakened when leverage, interest-rate risk and other potential sources of loss entered the picture. Only 18% of US investors with assets outside workplace retirement plans demonstrated advanced investment...

IndustryFinance Magnates

Jay Mawji, CEO of STARPRIME: "Brokerages will become more stand-alone silos"

Finance Magnates Intelligence spoke with Jay Mawji, CEO of STARPRIME, an institutional CFD liquidity provider and market maker, to discuss how liquidity provision is changing amid volatile markets, growing concentration in gold trading and advances in trading technology. Mawji discussed how STARPRIME managed extreme...

IndustryFinance Magnates

What One Liquidity Account Costs a Growing Broker

Every liquidity account comes with one set of terms covering the price the broker pays, the limits it trades within, and the sessions the account covers. Whatever the broker routes through it inherits those terms. A core book built up over years sits alongside anything that went live last quarter, whether a new...

IndustryFinance Magnates

XTB Rolls Out What It Calls Its Biggest Ad Campaign

XTB announced on Friday what it called the largest advertising campaign in its history, putting former heavyweight boxing champion Tyson Fury alongside Zlatan Ibrahimović. The same day, its stock price fell 5.4% in Warsaw as a revenue warning from IG Group dragged listed brokers lower. XTB spent PLN 435.5 million...

IndustryFinance Magnates

Institutional FX Volumes Jump in September as Fed and Bank of Japan Raise Rates

Spot trading on the four institutional FX venues tracked by FinanceMagnates.com rose by double digits in September. The Federal Reserve and the Bank of Japan (BOJ) raised interest rates two days apart during the month. FXSpotStream set an all-time high of $179.12 billion in average daily volume (ADV), while Euronext...

IndustryFinance Magnates

OKXICE plans 24/7 onchain trading of more than 60 US stocks, per OKX's release

The joint venture of NYSE owner Intercontinental Exchange and crypto exchange OKX says it will run a capped, onchain venue for tokenised US stocks under the SEC's new conditional exemption. The post OKXICE plans 24/7 onchain trading of more than 60 US stocks, per OKX's release first appeared on LeapRate .

IndustryLeapRate

IG Group Tech Chiefs Exit as Brokers Hunt for AI Talent Intesifies

IG Group's senior tech leadership has undergone a shake-up, with both Group CTO David Perry and UK & Ireland CTO Qaiser Mazhar departing the FTSE 250 brokerage. Their exits come amid a broader corporate reorganization at the firm following a challenging financial period. They also come at a time when AI talent is...

IndustryFinance Magnates

What institutional brokers need from APAC's next trading cycle

As the trading industry gathers in Hong Kong for iFX EXPO Asia, the APAC conversation feels more practical than it has for some time. Brokers and professional traders are not short of products, platforms or market commentary. What they are looking for now is cleaner access, better execution and partners that can help...

IndustryFinance Magnates

NYSE Owner and Crypto Exchange OKX Plan 24/7 Trading in 63 US Stocks

The owner of the New York Stock Exchange and OKX set out plans yesterday (Sunday) for a blockchain venue trading 63 US stocks around the clock. Their joint venture, OKXICE, published the notice a new Securities and Exchange Commission (SEC) exemption requires before such a venue opens. Intercontinental Exchange (ICE)...

IndustryFinance Magnates

Weekly Review: MyForexFunds Brand Assets Sold; IG's OTC Revenue Retention Slips

The prop trading sector dominated the week, with the sale of MyForexFunds' brand assets, the closure of FundedSeat and CMC Markets' entry into simulated prop trading highlighting changes across the market. Platform access, broker integration and the economics of trader payouts also featured prominently. London's...

IndustryFinance Magnates

SEC Proposes Last-Resort Crypto Self-Custody for Advisers and Funds

The US Securities and Exchange Commission has proposed allowing investment advisers and regulated funds to self-custody crypto assets when no permitted custodian is available. The exception is designed partly for newer or less widely supported tokens, but would come with extensive operational requirements....

IndustryFinance Magnates

Elev8 broker's Charity October: seeing new opportunities together

Throughout the month, for every lot traded by Charity October participants, the broker will donate to an educational charity project to support underprivileged young students. The initiative is built around a simple idea: as you start seeing new opportunities for yourself, you can help others along the way....

IndustryFinance Magnates

How Much of Its Trading Stack Should a Retail Broker Own?

For retail brokers, the build-versus-buy decision is rarely just about the trading interface. It is more of a decision about how much of the technology stack they want to own, control and maintain. But brokers must consider the economics and demand, too. London's trading industry is coming home! Time vs Control...

IndustryFinance Magnates

Why do brokers request their clients' information? Elev8 broker explains

Client information checks: core concepts Below are three key concepts that the client verification process is rooted in. KYC, or know your customer KYC forms the identification layer of the client verification framework. Before a broker can serve a client - and also at different stages of the client-broker...

IndustryFinance Magnates

The Next Phase of Crypto Payments Is About Removing Complexity

As more businesses explore crypto payments, the real question is no longer whether the technology works. It is whether businesses can benefit from it without taking on the complexity that traditionally comes with digital assets. The conversation around crypto payments has moved on. For several years, much of the...

IndustryFinance Magnates

MetaQuotes Lets MT4 and MT5 Brokers Distribute Benzinga News

MetaQuotes has added Benzinga News to its information services, giving brokers a new feed they can distribute through MetaTrader 4 and MetaTrader 5. The content is also available directly through MetaTrader.com in multiple languages. Traders can test the service for one month at no charge. The companies did not...

IndustryFinance Magnates

Brokers and Prop Firms Get Management MCP from Match-Trader

Match-Trade Technologies has launched a Model Context Protocol integration that allows brokers and prop firms to access Match-Trader Manager and Admin data through compatible AI clients. London's trading industry is coming home! The launch follows Match-Trade's introduction of AI Skills for its Broker API and CRM API...

IndustryFinance Magnates

FCA Opens Crypto Authorisation Gateway, Firms Should Apply by 28 February 2027

The FCA opened its crypto authorisation gateway on 30 September 2026. Firms intending to keep operating in the UK should apply by 28 February 2027, ahead of the regime starting on 25 October 2027. The post FCA Opens Crypto Authorisation Gateway, Firms Should Apply by 28 February 2027 first appeared on LeapRate .

IndustryLeapRate

XS.com receives Global Multi-Asset Brokerage Leadership award at QFEX 2026

XS.com has received the "Global Multi-Asset Brokerage Leadership" award at the Qatar Financial Expo & Awards (QFEX) 2026. The award was presented during the event, held on 29 and 30 September at the Hilton Doha and organised by AFAQ Group. According to the company, the recognition reflects the scale and continued...

IndustryLeapRate

Hedged and Hidden: The Coordinated Strategies Draining Retail Broker P&L

30% of broker P&L is being lost to only 1% of their clients. The future of risk management depends on identifying this small proportion of sharp and abusive traders capable of extracting millions while representing only a fraction of the client base. The result is a growing blind spot: brokers are trying to detect...

IndustryFinance Magnates

Gold Loses Its Weekends as CFI Joins the Seven-Day Bullion Club

Dubai-based CFI Financial Group has launched Gold 24/7, a gold CFD that lets clients trade when regular gold markets are closed. The instrument trades under the symbol XAUUSD-24H. Clients can open and close positions Monday through Sunday, from 00:05 to 23:58 server time. The product is separate from CFI's spot gold...

IndustryFinance Magnates

MEGA FUSION to Showcase Solutions at iFX EXPO Asia 2026

MEGA FUSION (Mega Fusion Global Ltd.), a trusted name in global online trading services, announced its participation in iFX EXPO Asia 2026, scheduled for October 7 - 9, 2026, at the Hong Kong Convention and Exhibition Centre. The brand aims to engage in in-depth exchanges with global traders, Introducing Brokers...

IndustryFinance Magnates

Bruce Markets Plans Weekend Trading to Bring US Equities Closer to 24/7 Access

The 24/7 trading trend is spreading to the US equities market, with SEC-registered broker-dealer Bruce Markets announcing plans to extend trading through the weekend. The launch is scheduled for the coming months and remains subject to regulatory review. London's trading industry is coming home! 24/7 Trading Spreads...

IndustryFinance Magnates

FCA Opens Five-Month Authorisation Window for UK Crypto Firms

The UK's financial regulator has given crypto companies five months to apply for FCA authorisation if they want their applications assessed before the new crypto regulatory regime starts. London's trading industry is coming home! The Financial Conduct Authority started accepting applications today, September 30, with...

IndustryFinance Magnates

CFI South Africa CEO: "As Our Current Structure Stands, the ODP Is Not a Must-Have"

"Even when you have it, it's not necessarily that you are going to use it," Francois Du Plessis, CEO of CFI South Africa, explains why the broker has not applied for an over-the-counter derivatives provider (ODP) licence in its home market. "It also costs around $100,000 to get it done," he told Finance Magnates, on...

IndustryFinance Magnates

Why the Barrier to Launching a Brokerage Is Getting Lower

Launching a brokerage has never been a simple exercise. Beyond licensing, liquidity, payments, risk management and client acquisition, operators also need to build the technology infrastructure that connects these functions. Historically, that has often meant committing to significant technology costs before a new...

IndustryFinance Magnates

Are Finfluencers Becoming an Increasing Blind Spot for Brokers and Banks?

Enforcement on non-compliant finfluencers, the name given to influencers that promote financial products and services, has accelerated in 2026. Regulators and courts in the UK, US, Canada, Australia, and India have imposed more fines, market bans, and custodial sentences on finfluencers than in previous years....

IndustryFinance Magnates

Valetax Delivers Standout Presence as Super Elite Sponsor at Forex Expo Dubai 2026

Valetax announced its participation as a Super Elite Sponsor at Forex Expo Dubai 2026, held on 22 and 23 September at the Dubai World Trade Centre. At Booth 3 in Hall 1, the company hosted traders, investors, and industry leaders for two days of learning, networking, and engagement with the region's trading community....

IndustryFinance Magnates

CXM Brings TradingView Integration and an Ecosystem Vision to iFX EXPO Asia 2026

CXM will exhibit at iFX EXPO Asia 2026, taking place from 7 to 9 October at the Hong Kong Convention and Exhibition Centre. Visitors can meet the CXM team at booth 38, where the company will present its newly launched partnership with TradingView and share its long-term vision for brokers, Introducing Brokers (IBs)...

IndustryFinance Magnates

Alpaca Advances Southeast Asia Expansion with MAS Approval

Alpaca Securities has received in-principle approval (IPA) from the Monetary Authority of Singapore, a conditional step towards a Capital Markets Services (CMS) licence. London's trading industry is coming home! If granted, the licence would enable the company to provide brokerage and custodial services from Singapore...

IndustryFinance Magnates

Coinbase Completes US Derivatives Infrastructure with CFTC Clearing Registration

The CFTC's approval of Coinbase Clearing LLC turns the US-based cryptocurrency exchange into an end-to-end derivatives platform. The entity, registered with the CFTC on September 28, is permitted to clear fully collateralised futures, options on futures, and swaps. How the Clearing Will Work Coinbase plans to use USDC...

IndustryFinance Magnates

Valetax Highlights a Strong Presence as Super Elite Sponsor at Forex Expo Dubai 2026

Valetax was one of the standout names at Forex Expo Dubai 2026, held on 22 and 23 September at the Dubai World Trade Centre. As a Super Elite Sponsor, the company hosted traders, investors, and industry leaders at Booth 3, Hall 1, offering two days of learning, networking, and entertainment for the region's trading...

IndustryLeapRate

Elev8 Broker Breaks Down the Seychelles Licence

The Current Role of Regulatory Supervision in Brokerage The brokerage sector has changed considerably over the past decade. At this point, it is an industry with defined licensing pathways and standardized reporting cycles. The supervisory expectations apply across most major jurisdictions. Capital adequacy rules,...

IndustryFinance Magnates

ACI FMA Names Hugh Whelan FX Committee Chair as Jon Healey Returns as Vice Chair

Hugh Whelan, President of ACI UK Financial Markets Association and Head of Liquidity Management and Data Strategy at SGX FX, has been appointed Chair of the ACI FMA Foreign Exchange Committee. London's trading industry is coming home! ACI FMA also announced that Jon Healey will return as Vice Chair of the FXC. Healey...

IndustryFinance Magnates

Futures Prop Firm FundedSeat Closes due to "Limitations from Big Trading Platforms"

FundedSeat, a futures-focused proprietary trading firm, announced its closure yesterday (Monday), citing "limitations from big trading platforms which kept [it] from reaching the growth [it] needed to become a major player." "We gave it everything we had," the prop firm noted in a letter to its community, signed by...

IndustryFinance Magnates

FX World 2026 Adds Dedicated FX Hall for Rome Event

FX World 2026 will take place from 2 to 5 November at Fiera Roma, with a new FX Hall creating a dedicated space for the financial markets community, according to the organisers. The event is co-located with SiGMA World, AIBC World and Affiliate Grand Slam. The organisers say the FX Hall will bring together brokers......

IndustryLeapRate

UPTECH to Exhibit End-to-End Brokerage Solutions at iFX EXPO Asia 2026, Booth #17

UPTECH, an institutional financial technology provider, announced today its official participation as an exhibitor at iFX EXPO Asia 2026. The event is scheduled from October 7 to 9, 2026, at the Hong Kong Convention and Exhibition Centre (HKCEC). Located at Booth #17, UPTECH will present its "End-to-End Brokerage...

IndustryFinance Magnates

FCA Secures £851,000 Confiscation Orders for Crypto Fraud Victims

The UK Financial Conduct Authority has secured confiscation orders worth £851,402 following a £1.54 million cryptocurrency investment fraud. If the full amount is recovered, it would cover about 55% of the losses reported by at least 65 investors. Southwark Crown Court ordered Raymondip Bedi to pay £603,404.28 and...

IndustryFinance Magnates

Breaking: MyForexFunds' Brand Assets Sold to Dubai-based Firm

MyForexFunds, the prop trading brand which was forced to close overnight by regulators, has been sold by Murtuza Kazmi-led Traders Global to Dubai-based Global Solutions, which is headed by Haider Raza, Finance Magnates has learned. Raza was a part of MyForexFunds' original staff and held the role of operations...

IndustryFinance Magnates

Broker Growth Strategies: Free Webinar

Finance Magnates, Devexperts and Pelican Announce Free Webinar on Scaling and Client Retention Finance Magnates,Devexperts and Pelican will bring together industry experts on October 15 to discuss broker growth strategies, trading technology, and how businesses can improve client retention in a competitive market....

IndustryFinance Magnates

Inside the Drovix Stack: How Algorithms Compress Institutional Spreads

For brokers, hedge funds and proprietary trading firms, the spread that matters is not the one on the screen - it is the one actually paid once slippage and rejections are counted. Drovix (MU) Ltd , a principal execution counterparty licensed by the Financial Services Commission of Mauritius as an Investment Dealer...

IndustryFinance Magnates

Market access is only the starting point: IC at Forex Expo Dubai 2026

IC (formerly IC Markets Global) joined more than 16,000 traders, brokers and industry professionals on the opening day of Forex Expo Dubai 2026, held on 22 - 23 September at Dubai World Trade Centre. In an executive interview and a leadership panel, Jason Hughes, General Manager, IC MENA, said that market access no...

IndustryFinance Magnates

Digital assets or established markets? IC joins the debate at iFX EXPO Asia 2026

The event will bring together brokers, fintech companies, technology and liquidity providers, payment firms and other participants from across the financial services and online trading industry. As part of the programme, Jason will join the panel "From Bitcoin to Bullion: Where Is the Real Revenue?", examining how...

IndustryFinance Magnates

Coincheck Launches 2x Crypto CFDs Six Years After Ending Margin Trading

Japanese cryptocurrency exchange Coincheck has staged a comeback in crypto derivatives more than six years after closing its previous margin product. London's trading industry is coming home! The company's new leveraged trading service, "Coincheck Leverage, is not a revival of Coincheck's former lending-based margin...

IndustryFinance Magnates

DeFi Was Never Going to Get Its Clarity from US Congress

Last week's failed CLARITY Act cloture vote will be read as a setback for crypto. That reading misses where decentralized finance (DeFi) compliance was actually heading. London's trading industry is coming home! Investors have been watching legislative headlines while the decisions that will govern DeFi access,...

IndustryFinance Magnates

How Trading Platforms Compete Beyond Technology

Retail trading platforms increasingly compete as mass-market digital services. Users expect multi-device access, a wide range of markets, built-in analytical tools, and an intuitive interface. These capabilities are necessary, but as they become a standard part of the offering, technical features alone are no longer...

IndustryFinance Magnates

Crypto Goes to Wall Street, Wall Street Goes Crypto

Crypto and TradFi platforms are converging rapidly, and the convergence is happening in both directions. For retail traders, the important shift is that the distinction between a crypto account and a brokerage account is starting to disappear. One of the best examples of a crypto platform becoming a multi-asset...

IndustryFinance Magnates

Five Things to Know About IG's New All-in-One App

IG Group's new all-in-one app will absorb its main trading app "in the coming weeks," the company told FinanceMagnates.com this week. The app, to be known simply as IG, is meant to put trading, investing and crypto in one place. For now, the new app holds investing and crypto accounts. Spread betting and CFD trading...

IndustryFinance Magnates

Underdog Adds External Trade Surveillance to Its Prediction Markets Platform

Underdog has deployed Eventus' Validus platform across its prediction markets, adding third-party trade surveillance already used by traditional exchanges, futures firms and broker-dealers. London's trading industry is coming home! The integration follows similar deployments by other regulated event-contract venues as...

IndustryFinance Magnates

DriveWealth Security Incident Exposes Revolut, Stake and Hatch Customer Data

Some customers of Revolut, Stake and Hatch have been affected by a security incident at US brokerage infrastructure provider DriveWealth. London's trading industry is coming home! An unauthorised party accessed personal and, in some cases, investment-related information on September 4 and 5. The categories of exposed...

IndustryFinance Magnates

Why Is Crypto Going Down Today? Bitcoin Slips Toward $82,600, XRP Falls 7%

Crypto prices fell for a second day on Thursday. Bitcoin was down 2.8% over 24 hours at about $83,400 by 08:50 UTC, while XRP lost 7.2% and Dogecoin 6.6%, according to CoinGecko data. No single headline drove the drop. It is a pullback after Monday's rally took bitcoin to its highest daily close since January, and it...

IndustryFinance Magnates

EAERA Super App and Partner Portal: A New Brokerage Experience

Brokerage technology is no longer measured by the number of products it supports. Every interaction should be connected, intuitive and consistent, whether that's onboarding, funding accounts, tracking commissions or support. Clients and partners expect those experiences. The new EAERA CBS addresses these expectations...

IndustryFinance Magnates

Trade Tech Solutions Enters New Phase of Growth, 2 Million Users Strong

The proprietary trading industry has grown quickly, and the technology underneath it has had to grow with it. Prop firms have moved well beyond forex and CFDs, brokers are launching their own challenge-based products, and traders now judge a firm as much on execution, platform stability and payout reliability as on...

IndustryFinance Magnates

ASIC Defines Trading Algorithm, but Gives the Market Until 2028 to Catch Up

The Australian Securities and Investments Commission (ASIC) has, for the first time, put a legal definition on what counts as a trading algorithm. The move sits at the center of a broader update to the rules governing automated and AI driven trading on Australian markets, announced this week by the regulator. Brokers,...

IndustryFinance Magnates

Bitpanda Crypto Framework Could Reach Raiffeisen's 18.8 Million Clients

Raiffeisen Bank International and Bitpanda Enterprise have agreed on a common framework that will allow RBI's subsidiary banks across Central and Eastern Europe to add digital-asset services to their existing customer platforms. London's trading industry is coming home! RBI operates subsidiary banks in 11 CEE markets...

IndustryFinance Magnates

BitMEX Officially Shuts Today. Who Wins Its Users?

BitMEX shuts down today, closing out a controversial eleven-year run. It is the exchange that invented the perpetual swap, the product every crypto derivatives platform now runs on. At its peak, BitMEX controlled more than half the market. By the time HDR Global Trading announced the closure in July, that had shrunk...

IndustryFinance Magnates

France Blacklisted 3,522 Sites and One Name Beat Them All

France's blacklist of unauthorized investment websites is on course for its busiest year. In the versions published on September 11, the brand copied most often across the six lists is the regulator that publishes them. FM Intelligence parsed all six blacklists maintained by the Autorité des Marchés Financiers (AMF)...

IndustryFinance Magnates

Forex Expo Dubai 2026 opens with 16,000 attendees and 270+ exhibitors

Forex Expo Dubai 2026 opened at Dubai World Trade Centre on 22 September with more than 16,000 attendees on the first day, spread across five halls. Organisers put the exhibitor count at over 270 for the ninth edition of the event. The attendee mix ran across traders, investors, brokers, IBs, affiliates and other...

IndustryLeapRate

Binance Takes $100m Stake in Circle Alongside Five-Year USDC Deal

Circle Internet Group and Binance have expanded their strategic partnership through a new five-year commercial agreement and a $100 million equity investment by Binance in Circle. London's trading industry is coming home! The move comes as USDC use expands beyond crypto trading. Circle received approval to establish a...

IndustryFinance Magnates

Half of Prop Trading Firms Let Staff Use AI Freely While Banks Set Limits

About half of proprietary trading firms let employees use artificial intelligence relatively freely, a survey by Acuiti published today (Tuesday) shows. A third have no formal AI governance policy, while every bank in the sample controls how its staff use the technology. The gap sits inside a market that is already...

IndustryFinance Magnates

Public joins list of TradingView broker partners

Public has joined TradingView as a broker partner, giving traders in the US another option for placing stock, ETF, and options orders directly from their Supercharts.

IndustryFX News Group

Devexperts' Trading Platform Cleared for Use by Brokers in Indonesia

Devexperts said today (Tuesday) that Indonesia's commodity futures regulator has approved its white-label DXtrade platform. The approval allows the country's commodity futures and derivatives brokers to license the software. The Commodity Futures Trading Regulatory Agency (Bappebti), which sits under Indonesia's...

IndustryFinance Magnates

Cantor Fitzgerald Europe Plans Abu Dhabi Branch as Revenue Rises 30%

Cantor Fitzgerald Europe, the London-based investment banking and brokerage arm of Cantor Fitzgerald, plans to open a branch in Abu Dhabi this year. The plan appears in its 2025 annual accounts, which Companies House published yesterday (Monday). Its existing Gulf branch, in Dubai, lost $2.4 million in 2025 on...

IndustryFinance Magnates

Finalto's UK Broker Pays $10 Million Dividend as It Winds Down Retail Trading

Finalto Financial Services, the London-based brokerage arm of liquidity provider Finalto, paid a $10 million dividend in 2025 after several years of retaining its earnings. Its accounts, filed with Companies House on September 15, also show the company decided to wind down its retail business. Money the company owed...

IndustryFinance Magnates

CloudTech Launches RooRooEx Days Before ASIC Licensing Relief Ends

CloudTech Group has launched RooRooEx, an Integral-powered digital asset trading platform aimed at institutions, high-net-worth clients and individual investors. London's trading industry is coming home! The company plans to make the platform available in Australia, Singapore and Malaysia, although it has not...

IndustryFinance Magnates

Why the $4 Trillion FX Swaps Market Still Relies on Phone Trading

Years of technological advances in electronic execution have largely passed the FX swaps market by. A significant share of this roughly $4 trillion-a-day market still relies on traders and voice brokers. London's trading industry is coming home! According to Bank for International Settlements data, around 56% of FX...

IndustryFinance Magnates

Coinbase Lets US Retail Investors Request IPO Shares Before Public Trading

Coinbase is expanding its US retail offering by allowing eligible customers to request shares in selected initial public offerings before public trading begins. London's trading industry is coming home! The move comes as crypto platforms expand into traditional markets. Kraken's parent Payward has moved to give retail...

IndustryFinance Magnates

FSC Investment Dealer Full Service or Discount Broker: Which Licence Is Better?

Mauritius boasts one of the most robust offshore financial systems, benefiting from strong capitalisation and profitability. With a strongly capitalised banking system, with assets accounting for almost 100% of GDP, and an above-average financial literacy rate among adults, Mauritius continues to strengthen its...

IndustryFinance Magnates

TFB Integrates GBE Prime Liquidity into Trade Processor

Liquidity bridge provider Tools for Brokers (TFB) has integrated GBE Prime's multi-asset liquidity feeds directly into its Trade Processor platform. The partnership allows retail brokers to plug into GBE Prime's institutional pricing, spanning FX, metals, and crypto, while using TFB's infrastructure for order routing...

IndustryFinance Magnates

Former IG, Citi and Stater Executive Ramy Soliman Launches Stablecoin Startup

Ramy Soliman, the former chief executive of prime-of-prime broker Stater Global Markets, has co-founded a startup built to send stablecoin payments to basic mobile phones. He announced the Abu Dhabi venture, Saleem, in a LinkedIn post today (Monday). Saleem wants aid agencies, ministries, employers and banks to pay...

IndustryFinance Magnates

Breinrock Applies for CASP and Payment Institution Licenses Under MiCA

Breinrock has submitted applications for a Crypto-Asset Service Provider (CASP) license and a Payment Institution (PI) license under the EU's Markets in Crypto-Assets (MiCA) regulation. The filings were made through Breinrock s.r.o., the group's Czech entity, and submitted to the Czech National Bank. If approved, the...

IndustryFinance Magnates

UF AWARDS APAC 2026 Nominations Are Closing Soon!

The nomination round for the UF AWARDS APAC 2026 is drawing to a close. If your brand is reaching new heights in online trading or fintech across Asia-Pacific, now is the time to make sure it gets recognized. Nominations close on September 21st, giving brokers and other B2B providers a limited window to put their...

IndustryFinance Magnates

XTB's Romanian Clients Are Older Than the Broker's Average Customer

XTB's clients in Romania are older than its customer base as a whole, according to figures the Polish broker has released this year. About one in five of its Romanian users is aged 18 to 30, XTB analyst Radu Puiu said last Thursday at a capital markets conference in Bucharest. Across all of XTB 's markets, 18- to...

IndustryFinance Magnates

Crypto Prime Broker GCEX Promotes Gulf Sales Executive to Head Dubai Unit

GCEX promoted Alya Marrakchi to managing director of GC Exchange FZE, its Dubai-based crypto broker-dealer, today (Monday). The Virtual Assets Regulatory Authority (VARA) approved the appointment, according to the announcement. Marrakchi joined the sales team of London-headquartered GCEX in June 2025 to build...

IndustryFinance Magnates

Could AI Threats Be Brokerage Cybersecurity's Open-Source Moment?

Cybersecurity has always been a community-driven discipline. Threat actors collaborate openly, sharing tools, techniques and infrastructure, while defenders traditionally responded by sharing intelligence, vulnerabilities and lessons learned. That collective knowledge has always been one of our greatest strengths....

IndustryFinance Magnates

US Retail Gets Cheaper Single-Stock Leverage Than Europe Permits

American retail traders are on course to buy leveraged exposure to a single stock on lighter margin than European rules allow for the same trade. FM Intelligence has published an analysis putting the US floor at 15% of a position's value. The same exposure sold to a retail client in the European Union or the United...

IndustryFinance Magnates

Binance Follows Bybit into 24/7 FX Perpetuals with 100x USD/BRL Contract

Binance is adding foreign exchange to its crypto derivatives platform, starting with a 24/7 perpetual contract linked to the US dollar against the Brazilian real. London's trading industry is coming home! The move follows Bybit's launch of three FX majors earlier this month. How Binance FX Perpetual Futures Work The...

IndustryFinance Magnates

Turkey Detains 175 in Alleged $266m Forex and Crypto Fraud Network

Turkish authorities have detained 175 people in an investigation into an international fraud network accused of targeting foreign investors through fake forex and cryptocurrency investment schemes. London's trading industry is coming home! Justice Minister Akin Gurlek said coordinated raids were carried out across...

IndustryFinance Magnates

mBank Quits Forex, Leaving Two Bank-Owned Brokers in Poland's Growing CFD Market

mBank's brokerage arm will stop letting clients open new forex and CFD positions on October 1. That leaves Dom Maklerski BOŚ and Alior Bank's brokerage unit as the last traditional Polish houses offering the product, Polish daily Parkiet reported. The exit comes as the market grows. The Polish Financial Supervision...

IndustryFinance Magnates

Hantec Prime Reports Trading Volume Up Over 300% in 2026 with 42+ Institutional Clients

Hantec Prime, the institutional division of Hantec Markets, has reported trading volume up more than 300% year-to-date and the addition of 42 new institutional clients since December, capping one of its strongest years of growth to date. The firm, which provides liquidity, execution and prime-brokerage infrastructure...

IndustryFinance Magnates

No Challenge, No Fee: RaiseMyFunds Bets Its Whole Business on Trader Performance

The prop trading industry has run on the same challenge-based model for years: traders pay fees to enter evaluations, clear one or more phases, and only then receive access to a funded account. RaiseMyFunds is leaving that model behind. From September 2026, the firm offers instant funding and nothing else. The...

IndustryFinance Magnates

FCA Targets Three London P2P Crypto Sites With HMRC, Police

The UK Financial Conduct Authority has carried out further operations with law enforcement partners against illegal peer-to-peer crypto trading in London. The regulator worked with HM Revenue & Customs and the Metropolitan Police Service to target three premises suspected of being involved in illegal peer-to-peer...

IndustryFinance Magnates

Dark Pool Operator Liquidnet Gives Its Stock-Trading Algorithms a Brand of Their Own

Liquidnet, a New York agency broker known for large block trades, today (Thursday) gave its trading algorithms a single brand, Meridian. The suite covers algorithms, venue access, analytics and AI-enabled tools, the TP ICAP Group unit said. Liquidnet said the brand should help it win more institutional algorithmic...

IndustryFinance Magnates

Dubai Broker APC Prime Hires XS.com's MENA Director as Global CEO

Dubai-based broker APC Prime named Shadi Salloum its global chief executive today (Thursday). The company said he will run its operations worldwide and lead an expansion beyond the Middle East and North Africa (MENA), where it has built its business so far. Salloum comes from XS.com, which hired him as its regional...

IndustryFinance Magnates

APC Prime names Shadi Salloum Global CEO to drive international expansion

APC Prime has appointed Shadi Salloum as Global Chief Executive Officer, tasking him with taking the multi-asset broker beyond its established MENA base. The Dubai-headquartered firm describes the move as the start of a new phase focused on global growth. Salloum has a long leadership record in online trading; before...

IndustryLeapRate

Devexperts Offers South Korean Brokers a Ready-Made Package for US Stock Trading

Devexperts began offering South Korean brokers a packaged service for US stock trading today (Thursday). The company said the package covers the client-facing platform, market data and order execution, so a broker can add US shares without assembling several vendors. The front end is DXtrade, which Devexperts licenses...

IndustryFinance Magnates

DTCC's Fund/SERV Adds Ondo Finance as First Tokenisation Member

DTCC said Wednesday that it has added Ondo Finance as the first tokenisation member of its Fund/SERV platform, in a move both firms said brings tokenised funds closer to mainstream adoption. The market infrastructure provider said Ondo Finance's subsidiary Oasis Pro Markets, a US registered broker-dealer and...

IndustryLeapRate

Apex, FusionIQ Link Clearing and Digital Wealth Tools for Banks and RIAs

Apex Fintech Solutions and FusionIQ are linking Apex's clearing and custody infrastructure with FusionIQ's digital wealth tools for financial institutions launching or expanding investment services. London's trading industry is coming home! The collaboration will allow mutual clients to pair Apex's brokerage, custody...

IndustryFinance Magnates

TradingView Adds MCP as Retail Brokers Adopt AI Trading Tools

TradingView has introduced an official Model Context Protocol Server in beta. It allows users to connect their TradingView accounts to compatible AI assistants and access platform data and tools through natural-language conversations. The service is available through MCP-compatible clients, including Claude and...

IndustryFinance Magnates

Deribit Moves Beyond Crypto with 90+ USDC-Settled Perpetuals

Deribit is adding more than 90 USDC-settled linear perpetual futures, including contracts tied to public companies, ETFs, commodities and private-company valuations. London's trading industry is coming home! The launch marks the exchange's first move into listed equity and ETF perpetuals. The new product set also...

IndustryFinance Magnates

Trustpilot Slaps Warning Label on 20% of 100 Top Broker Profiles

Roughly one in five (21%) retail brokers on Trustpilot, including many of the industry's high-volume heavyweights, have been slapped with a formal consumer warning banner, according to a Finance Magnates review of 100 profiles. According to Trustpilot's guidelines, these glaring red banners are deployed when the...

IndustryFinance Magnates

The Prop Trading Challenge Pass Means Little Once Real Execution Starts

In proprietary trading, the challenge stage is treated as a test of trading skill. Increasingly, it is not. It is a test of whether a trader can perform inside conditions engineered to be survivable, and those conditions rarely resemble what the same trader will face once funded. London's trading industry is coming...

IndustryFinance Magnates

FXBO Partners with Overchain to Integrate Stablecoin Payments with Banking

FXBO and Overchain have partnered to integrate stablecoin deposits, withdrawals, and fiat conversion within brokers' existing banking infrastructure. The post FXBO Partners with Overchain to Integrate Stablecoin Payments with Banking first appeared on LeapRate | Online Trading Industry News, Broker Intelligence &...

IndustryLeapRate

Gold-i Strikes Crypto Gold With Deutsche Börse's Crypto Finance

Gold-i, the UK-based FX and crypto trading technology provider, said on September 16 that it has integrated Crypto Finance Group into MatrixNET, its multi-asset liquidity bridge. Crypto Finance is part of Deutsche Börse Group, the German exchange operator, and the tie-up gives Gold-i's brokers, proprietary trading...

IndustryFinance Magnates

CME Group Launches Leveraged Loan Index Futures

CME Group has expanded its credit ecosystem with the launch of S&P UBS USD Liquid Leveraged Loan Index futures, which began trading on 14 September. The derivatives exchange operator said the contracts, which track the S&P UBS index, offer a centrally cleared, capital-efficient tool for relative value trading,...

IndustryLeapRate

Bitpanda CEO to Depart as Crypto Broker Delays Frankfurt IPO

Bitpanda is preparing for another change at the top less than a year after Lukas Enzersdorfer-Konrad became its sole CEO. The move comes as the crypto broker delays a potential initial public offering. London's trading industry is coming home! Bitpanda said he will remain CEO until his departure with co-founder and...

IndustryFinance Magnates

Revolut Hires Crypto.com Sales Head to Build Its Institutional Crypto Business

Revolut has appointed Nilesh Khatwani as Global Head of Institutional Sales, Crypto, hiring an executive with extensive institutional crypto sales experience. London's trading industry is coming home! His appointment comes as Revolut develops crypto products for companies and professional users and prepares to offer...

IndustryFinance Magnates

Spec Markets Taps iSAM Securities for CFD Risk and Execution Tools

Spec Markets has integrated iSAM Securities' Radar risk analytics platform and Apex bridge into its trading operations, adding tools for risk monitoring, liquidity routing and execution management. London's trading industry is coming home! The move follows other developments involving iSAM Securities' trading...

IndustryFinance Magnates

Assetera Brings 200 Tokenised Stocks to European Retail Investors

Assetera has added xStocks to its platform, giving eligible retail investors and B2B partners access to more than 200 tokenised stocks across 30 EU and EEA markets. The move follows other European distribution deals for xStocks, including its debut on Deutsche Börse's 360X earlier this year. London's trading industry...

IndustryFinance Magnates

Match-Trade Lets Influencers and IBs Launch Prop Firms in Seven Days

Match-Trade Technologies has launched Match-Prop, a managed service that allows trading influencers, financial educators, introducing brokers and trading communities to launch branded proprietary trading businesses. The company said partners can launch within seven days without building their own trading technology or...

IndustryFinance Magnates

Bloomberg Launches FX Options RFQ API on FXGO, Enabling Full Programmatic Execution

Bloomberg has launched its FX Options RFQ API on FXGO, enabling end-to-end programmatic RFQ trading for the buy-side FX options market for the first time. The post Bloomberg Launches FX Options RFQ API on FXGO, Enabling Full Programmatic Execution first appeared on LeapRate | Online Trading Industry News, Broker...

IndustryLeapRate

CoinEx Cashes Out: Hong Kong Crypto Exchange to Shut After Nine Years

CoinEx, a Hong Kong-based cryptocurrency exchange founded in December 2017 by mining pool ViaBTC, today (Tuesday) announced that it will cease operations and begin an orderly liquidation, citing the prolonged downturn in the crypto market, shrinking trading volume and liquidity, rising regulatory requirements, and...

IndustryFinance Magnates

CME Group Silver Futures Draw Strong Demand in First Weekend of 24/7 Trading

CME Group reported Monday that 2,387 of its 100-Ounce Silver futures contracts traded during the first weekend of 24/7 trading, representing over $15 million in notional value. The derivatives exchange operator said silver's strong start follows the successful uptake of round-the-clock trading in gold. Since 24/7...

IndustryLeapRate

18 Attorneys General Challenge CLARITY Act Ahead of Senate Vote

Senate Republicans have added language giving state attorneys general a role in enforcing parts of the CLARITY Act. That has not resolved the larger dispute over whether the crypto market-structure bill would weaken powers states already have under their own laws. London's trading industry is coming home! New York...

IndustryFinance Magnates

FXCubic Becomes the Latest Route Into LMAX Perpetual Futures

FXCubic has connected its liquidity bridge to LMAX Group's perpetual futures markets, the two companies said today (Monday). Brokers running the FXCubic Bridge can now route orders to those contracts without building a direct connection to LMAX. LMAX supplies perpetual futures across more than 20 markets, trading...

IndustryFinance Magnates

Saudi Arabia's $1.3 Trillion Economy: Is It Open to Global Brokers?

Saudi Arabia combines the Gulf's largest population and stock market with a fast-growing investment industry, but it is not an easy extension market for an offshore retail FX or CFD broker. A CFD-only launch based on cross-border solicitation carries a much weaker regulatory and commercial case. London's trading...

IndustryFinance Magnates

Your Bourse Opens Kuala Lumpur Office for Operations and Support Staff

Your Bourse opened an office in Kuala Lumpur on Friday and will base its operations and support teams there, the trading technology provider said. The company said its client base across Asia-Pacific has grown and that it wanted staff closer to the brokers it serves. Malaysia runs on UTC+8, which puts the new team...

IndustryFinance Magnates

UF AWARDS APAC 2026 nominations are open: The race to Hong Kong starts now

The starting gun has fired. Nominations for the UF AWARDS APAC 2026 are officially open, and the window to secure a place among the Asia-Pacific region's most recognised brokers, fintechs, and B2B providers is now counting down. This is the phase that decides everything that follows. Only nominated brands advance to...

IndustryFinance Magnates

Brokeree's Third Redesign in Six Months Lands on PAMM

Brokeree Solutions redesigned the interface for PAMM, its money management system for brokers, the company said today (Monday). PAMM is the third of its investment products to move onto one shared design system. Brokeree counts nearly 15% of roughly 1,000 brokers worldwide as offering managed account services, a...

IndustryFinance Magnates

Kudo Adds Weekend Gold Trading, Capping Positions at 50 Ounces

Kudo began quoting gold through the weekend today (Monday), listing a seven-day contract called XAUUSD247 for clients of its Mauritius-licensed brokerage. The instrument trades in one-ounce units, and a client can hold no more than 50 of them in a single position. Gold is carrying an outsized share of retail flow this...

IndustryFinance Magnates

The Retail CFD Industry Is Running Out of FX

Currency pairs made up 13.7% of the volume retail brokers reported in the second quarter, down from 26.8% a year earlier, FM Intelligence said today (Monday). Monthly FX volume across the brokers it tracks fell to $4.2 trillion from $6.4 trillion. Volume in index, commodity, equity and crypto CFDs rose over the same...

IndustryFinance Magnates

CFDs Account for 35% of EU Retail Complex-Product Trades, ESMA Finds

More than 10 million EU retail investors traded derivatives or structured products between 2022 and 2025, with contracts for difference accounting for 35% of transactions in complex products, according to new analysis by the European Securities and Markets Authority. London's trading industry is coming home! The...

IndustryFinance Magnates

Robinhood Crypto Volumes Jump 61%, but Remain 38% Below Last Year

Cryptocurrency trading volumes across Robinhood and Bitstamp increased 61% month over month to $17.5 billion in August, although activity remained 38% below the previous year's level. London's trading industry is coming home! Bitstamp generated $10.1 billion of the total, exceeding the $7.4 billion traded through the...

IndustryFinance Magnates

Event Contract Marketing in Europe May Require EU Authorisation, ESMA Says

Platforms marketing or selling event contracts in Europe may need authorisation under financial, crypto-asset or national gambling rules, ESMA said. London's trading industry is coming home! In the latest Trends, Risks and Vulnerabilities report , regulator added that the largest prediction-market platforms do not...

IndustryFinance Magnates

Singapore Tests Cross-Bank AI to Flag Scam Accounts in Near Real Time

Singapore is moving fraud detection beyond the data held by individual banks, testing whether financial institutions, law enforcement and the regulator can identify suspicious payment chains through a shared testing setup. London's trading industry is coming home! The Monetary Authority of Singapore (MAS) is working...

IndustryFinance Magnates

Peratera Appoints Commercial Director After Nearly Three Years at IFX Payments

John Kinghorn has joined Peratera as Commercial Director, following more than two decades in partnerships, business development and relationship management roles across payments and financial services. "One of the biggest challenges for brokers and financial services firms is finding the right mix of traditional and...

IndustryFinance Magnates

Spotware turns liquidity provider as cFinancial debuts in Dubai

Spotware Systems is becoming a liquidity provider in its own right. The cTrader vendor will debut cFinancial, an institutional liquidity arm, at Forex Expo Dubai 2026 on 22 and 23 September, giving it a three-part stack of platform, bridge and liquidity sold by a single supplier. The launch changes Spotware's...

IndustryLeapRate

CME Group to Launch Treasury Clearing House on 7 December

CME Group said Thursday that it will launch CME Securities Clearing on 7 December. The move is said to offer market participants a new option to clear US Treasury cash and repo transactions and comply with the SEC's central clearing mandate, pending regulatory approvals. The derivatives exchange operator noted that...

IndustryLeapRate

Nigeria's Proposed CFD Rules Are Not Irrational; They Are Mispriced

On the 1st of September, the Nigerian Securities and Exchange Commission published its proposed rules on online forex trading and contracts for difference, issued under the Investments and Securities Act No. 2 of 2025. The trade press has largely settled on a single verdict, and it is not positive. London's trading...

IndustryFinance Magnates

How Fake News and Brand Impersonation Are Fuelling a Global Financial Scam Epidemic

France's financial markets regulator, the Autorité des Marchés Financiers (AMF), issued a public warning about a growing number of fraudulent schemes operating through cloned news websites. Scammers are increasingly copying the visual identities and branding of major media outlets, such as Le Monde, Le Figaro, France...

IndustryFinance Magnates

CME to Launch Treasury Clearing Weeks Before SEC Mandate Takes Effect

CME Group is timing its entry into cash Treasury clearing for the final weeks before the SEC mandate, opening a new clearing revenue line and extending the margin economics around its interest-rate futures franchise. CME Securities Clearing will begin operating on 7 December, 24 days before covered cash Treasury...

IndustryFinance Magnates

The $245 Million Phone Call: How Crypto Fraud Became a Business

One of the largest cryptocurrency thefts from a single victim did not require breaking Bitcoin's cryptography. Stolen data, a credible story and the victim's cooperation were enough to take over $245 million in virtual currency from a single Washington, D.C. resident in August 2024. On September 8, 2026, Malone Lam, a...

IndustryFinance Magnates

If MiCA Can Crack DeFi, Its Slow-and-Steady Approach Could Beat CLARITY

Back in the 6th century BC, ancient Greek fabulist Aesop came up with the story The Tortoise and the Hare, which still resonates today. The story's moral: slow and steady wins the race. I found applying the same logic to crypto regulation quite useful, and more specifically, using it as a basis for comparing US and EU...

IndustryFinance Magnates

Retail Investor Complaints to French Regulator Rise 37% as Backlog Reaches 693

Complaints from retail investors to the Autorité des Marchés Financiers mediator rose 37% in 2025, the sharpest annual increase since the mediator began tracking the data. The AMF mediation service received 3,010 new requests and closed 2,772 cases, up 41% from 2024. Its backlog also rose to 693 cases from 455 a year...

IndustryFinance Magnates

Jefferies Winds Down Outsourced Fixed-Income Trading Desk

Jefferies Financial Group is winding down its outsourced fixed-income trading desk and losing unit head Joram Siegel, just a year after seeking to expand the business. The post Jefferies Winds Down Outsourced Fixed-Income Trading Desk first appeared on LeapRate | Online Trading Industry News, Broker Intelligence &...

IndustryLeapRate

IG Group to Cut Hundreds of Jobs Weeks After US deal, Sky News Reports

Online trading platform IG Group is cutting hundreds of jobs just weeks after agreeing a $1.3 billion US acquisition, Sky News reported on Wednesday. The London-listed company has reportedly told staff that a reorganisation will result in a significant number of layoffs. A source is said to have revealed that the...

IndustryLeapRate

Valutrades Stops CFD Client Onboarding Globally

London-based broker Valutrades has paused the onboarding of new clients across both its UK- and Seychelles-regulated entities, Finance Magnates has verified. Clarifying the move, CEO Graeme Watkins stated, "I can confirm we are not exiting the global market but are making some changes to the business." Despite...

IndustryFinance Magnates

Tapaas Declares Strategic Pivot to Premier Risk Intelligence Platform

Every broker already knows its exposure. Positions, profit and loss, margin thresholds and a wall of threshold alerts describe the book in real time. The problem is that all of it describes a moment that has already passed. None of it tells a broker who is generating that exposure whether the behaviour is part of a...

IndustryFinance Magnates

Tradition Partners With Affin Moneybrokers to Boost Malaysian Market Data

Tradition said Tuesday that it has entered into a strategic partnership with Affin Moneybrokers Sdn. Bhd., one of Malaysia's leading interbank money brokers, to strengthen market data infrastructure in the country's financial markets. The agreement will see Tradition supply market data infrastructure, pricing...

IndustryLeapRate

Bybit Adds Chat to Its AI Stack, Pointing to a Broader Shift

While crypto exchanges and retail brokers have largely converged on MCP integrations in their AI roadmaps, some, such as Bybit, are now adding a conversational AI front end that sits on top of that infrastructure. The second-largest crypto exchange by trading volume has unveiled today (Wednesday) Bybit AI for everyday...

IndustryFinance Magnates

Robinhood's OGC Nice Shirt Deal Draws French Scrutiny Over Prediction Markets

A French regulator is examining Robinhood's front-of-shirt sponsorship of OGC Nice, L'Équipe reported yesterday (Tuesday). The National Gambling Authority (ANJ) review concerns Robinhood's prediction-market business, which France treats as unauthorized gambling. That distinction matters. French law makes advertising...

IndustryFinance Magnates

Archax Gains US Broker-Dealer Entry Through tZERO Infrastructure

Archax now has a regulated route into US securities distribution, entering the market without recreating its exchange, custody and clearing stack. The digital asset firm will operate as an introducing broker, relying on tZERO for the underlying US infrastructure. The Financial Industry Regulatory Authority (FINRA)...

IndustryFinance Magnates

FCA Puts Net Benefit of Its Crypto Regime at Just GBP 120 Million

The UK Financial Conduct Authority (FCA) expects its new cryptoasset regime to generate a net benefit of just GBP 120 million. FM Intelligence said today (Tuesday) its analysis found GBP 1.435 billion in modeled benefits against GBP 1.315 billion in costs over a 10-year appraisal period. That margin equals 9.1% of the...

IndustryFinance Magnates

Bybit Adds 24/7 FX Majors to Its Crypto Derivatives Account

Bybit is adding 24/7 FX perpetuals to the account structure it uses for crypto derivatives, while keeping them separate from its MetaTrader 5-based CFD service. The exchange listed perpetual contracts on EURUSDUSDT, GBPUSDUSDT and USDJPYUSDT on Tuesday. Each product offers leverage of up to 100x and tracks the...

IndustryFinance Magnates

Robinhood Takes Stakes in Crypto.com and OG to Expand Prediction Markets

Robinhood is adding Crypto.com's prediction-market contracts to its app and taking minority stakes in both Crypto.com and OG, the exchange's prediction-markets business. The companies agreed to a multiyear deal, according to The Wall Street Journal. Financial terms, including the size of Robinhood's investments, were...

IndustryFinance Magnates

SIX Market Signal Covers 16 Aquis Markets, Swiss Retail Subscriptions Open Now

SIX has launched SIX Market Signal, a new market data service providing real-time European equity prices through APIs. The service comes as SIX expands its European equity infrastructure. In October last year, SIX selected Aquis to build a shared trading platform connecting SIX Swiss Exchange , BME and Aquis, with the...

IndustryFinance Magnates

Trading Technologies Embeds FairXchange Analytics Into Institutional FX Platform

Trading Technologies International, Inc. (TT) will embed FairXchange's Horizon execution analytics into its institutional foreign exchange platform, the companies said today (Tuesday). The integration gives TT's FX clients independent data on execution quality across spot trades, forwards, non-deliverable forwards...

IndustryFinance Magnates

Ultima Markets Adds Weekend Gold CFD, the Fourth to Carry the XAUUSD247 Ticker

Ultima Markets began quoting a gold CFD through the weekend yesterday (Monday), listing XAUUSD247 on MetaTrader 5. It is the fourth broker to ship a weekend gold symbol under that exact ticker. The contract is one ounce. Ultima caps it at 100 lots, so the largest weekend position a client can hold is 100 ounces,...

IndustryFinance Magnates

Lord Peter Cruddas Announced as Headline Speaker at FM Summit London 2026

Lord Peter Cruddas will join a fireside chat at FM Summit London on 24 November 2026 at Old Billingsgate. Lord Cruddas founded CMC Markets in 1989. The firm launched the first online foreign exchange trading platform, introduced retail contracts for difference to the UK market, and listed on the London Stock Exchange...

IndustryFinance Magnates

Institutional FX Volumes Ease in August as Cboe FX Falls 8.7%

Institutional foreign exchange activity eased across most large venues in August. Average daily volume fell at three of the four platforms tracked by FinanceMagnates.com, with Cboe FX posting the largest decline at 8.7%. All four still traded above their year-earlier levels. Annual gains ranged from 13.4% at Cboe to...

IndustryFinance Magnates

Equitrade Markets no longer trading

Equitrade Markets Ltd, trading as TF Financial, C&C Stockbrokers, Espread, Shareserve, CFD Choice and CH Markets, is no longer trading.

IndustryFX News Group

ExeQution Launches FX Tool to Track Client and Hedging Profitability

ExeQution Analytics launched Solas today (Tuesday), a custom analytics service for foreign exchange desks. The company says deployment can take as little as three months. Global foreign exchange turnover reached $9.6 trillion per day in April 2025 , according to the Bank for International Settlements. That volume...

IndustryFinance Magnates

Pakistan Hands You Very Cheap Leads in the CFD Industry. Then the Deposit Page Happens

Registrations out of Pakistan come in at $4.30, among the cheapest leads in any market we buy in. We did not earn that price through media buying. It is what happens when most of the industry reads two policy pages, concludes the market is shut, and never tests the assumption. Those leads convert to first deposits at...

IndustryFinance Magnates

Inside FiveComply's Global Licensing Strategy: From 300+ Licences to Local Expertise

FiveComply has grown from its Cyprus headquarters into an international regulatory and compliance group with local operations in Cyprus, Dubai, Mauritius and Seychelles. Today, the Group specialises in international financial services licensing, including Forex / CFD licensing, crypto licensing, Investment Firm...

IndustryFinance Magnates

Binance Plans Kazakhstan Settlement Hub for CIS and Eastern European Clients

Kazakhstan is trying to turn its new first-category payment organisation licence into a regulated channel for crypto-linked regional settlement. Under a memorandum with the National Bank, Binance plans to create a local group company, apply for that licence and route part of its regional payments and money-transfer...

IndustryFinance Magnates

CME Group FX Futures and Options Open interest Hits All-Time High

CME Group said Monday that its FX futures and options reached a new open interest record of 4,410,167 contracts on 4 September, surpassing the previous high of 4,269,622 contracts set on 11 June. The derivatives exchange operator revealed that the number of large open interest holders in FX futures reached an all-time...

IndustryLeapRate

Marex Appoints Robert Cheeseman as Head of Prime Services Asia

Marex Group (NASDAQ: MRX) has appointed Robert Cheeseman as Head of Prime Services Asia, the company confirmed. Based in Hong Kong, Cheeseman will lead Marex's prime brokerage and outsourced trading operations across the region. Cheeseman brings more than 25 years of institutional experience spanning listed...

IndustryLeapRate

Retail Investors Put $27 Million Into Claude Trading Portfolio After 19% Gain

An investment portfolio using Anthropic's Claude language model attracted about $27 million from investors copying its trades before reporting a 19.04% return in early August. The Claude Portfolio launched in March with $50,000 and a goal of outperforming the S&P 500. By August 4, it reported a 19.04% gain, compared...

IndustryFinance Magnates

Asset Managers Top $200 Billion as CME FX Open Interest Hits Record

Institutional participation in CME Group's listed foreign exchange derivatives market has reached new highs as buy-side firms increase their use of centrally cleared FX futures and options. Asset Managers Push CME FX Open Interest to New High Asset managers' notional open interest in CME FX futures exceeded $200...

IndustryFinance Magnates

CXM Becomes the Latest Broker to Secure a Cambodia Licence

CXM has obtained a licence in Cambodia, which is becoming an attractive country for many brokers in Southeast Asia. The Securities and Exchange Regulator of Cambodia (SERC) granted the broker a licence on 12 August 2026, Finance Magnates has learned. The new licence also came when the broker expanded its product...

IndustryFinance Magnates

UTrade's Ex-Analyst Runs Out of Road in Israel's Binary Options Reckoning

A Tel Aviv District Court judge convicted Roy Cuzin on Sunday of multiple counts of aiding aggravated fraud, The Jerusalem Post reported. Cuzin served as UTrade's chief analyst from 2012 to 2015. He pleaded guilty after prosecutors filed an amended indictment narrowing the scope of his role in the scheme. The...

IndustryFinance Magnates

Chapter 11 Filings Show Two Regulated Firms Held the Accounts Mars FX Never Disclosed

Mars FX US LP never told its investors which brokers held their money. A disclosure statement filed on August 4 names two of them: Equiti Capital UK Limited in London and GO Markets Pty Ltd in Melbourne. The fund's offering documents said those identities were commercially sensitive. Neither Equiti nor GO Markets is...

IndustryFinance Magnates

cTrader Developer Spotware Adds an Institutional Liquidity Business

Spotware Systems, the Cyprus developer behind the cTrader platform, has extended into institutional liquidity through a Seychelles-licensed entity called cFinancial. The website is live and open to inquiries , and a 13-page white paper is available to download, ahead of a formal announcement. cFinancial offers pricing...

IndustryFinance Magnates

Prop Firm FundingPips Expands Built-In Trade Copier Across Three Trading Platforms

FundingPips expanded its built-in trade copier to display MetaTrader 5, cTrader and Match-Trader yesterday (Sunday). A screen shared by the CEO, Khaled Ayesh, showed all three connection options, while the prop trading firm acknowledged on X that Match-Trader had gone live. Traders using more than one platform can now...

IndustryFinance Magnates

Australia Removes 45 Remittance and Crypto Providers From AML Registers

Australia removed 45 remittance and virtual asset businesses from its anti-money laundering registers over the past year. The Australian Transaction Reports and Analysis Centre (AUSTRAC) disclosed the figure today (Monday), combining cancellations, suspensions and refusals to renew registrations. The consequence is...

IndustryFinance Magnates

Weekly Review: Nigeria Proposes New CFD Rules; SVG Pauses Crypto Applications

Regulatory changes, business expansion and product diversification shaped a busy week across retail trading and fintech. Regulators in Nigeria and Saint Vincent and the Grenadines introduced measures affecting leveraged products and virtual asset businesses, while Deriv secured a banking licence in SVG. Elsewhere,...

IndustryFinance Magnates

Spotware's cBridge Adds Finmatek Compliance Solution for Multi-Platform Brokers

Spotware's cBridge has partnered with regtech company Finmatek to help brokers manage regulatory reporting under MiFID II, EMIR, SFTR, CRS, FATCA and other frameworks. cBridge, launched in March 2026 , is a standalone liquidity bridge with fixed infrastructure-based pricing. It connects brokers to liquidity providers...

IndustryFinance Magnates

J.P. Morgan Securities Fined $250,000 by FINRA Over Margin Disclosure Failures

J.P. Morgan Securities LLC (JPMS) has agreed to a censure and a $250,000 fine from the Financial Industry Regulatory Authority (FINRA) after the firm admitted to longstanding failures in its margin account disclosures, according to a Letter of Acceptance, Waiver, and Consent (AWC) published by the regulator. According...

IndustryLeapRate

MetaTrader 5 AI Assistant Becomes a QA Engineer for Trading Bots

MetaQuotes released MetaTrader 5 Build 6180 on Thursday, September 3, 2026, extending the set of tools available to its AI Assistant. External AI agents connected via Model Context Protocol can now retrieve reports and logs from the Strategy Tester and analyse them. They can also initiate optimisation runs directly,...

IndustryFinance Magnates

Blackwell Global UK Loss Jumps Tenfold Despite Cost Cuts

Blackwell Global Investments' directors had been busy cutting expenses in FY 2025; still, the annual operating loss increased nearly tenfold as the UK-regulated broker continued to reshape its business after moving away from retail trading. Operating loss widened to £172,449 from £21,074, while the loss before tax and...

IndustryFinance Magnates

MOEX Adds Perpetual Futures Linked to U.S. Stocks

Russia's largest trading venue, Moscow Exchange (MOEX), announced the upcoming launch of 20 new perpetual futures contracts linked to major U.S.-listed companies. The underlying assets for the new derivatives are MOEX-calculated price fixings for foreign securities, including Tesla, Amazon, Netflix, Apple, AMD,...

IndustryFinance Magnates

Financial Commission Expels EBC Financial Group from Membership

The Financial Commission has stopped EBC Financial Group's membership. The broker was removed from the private dispute-resolution scheme after "numerous failures" to comply with the established rules and guidelines. The expulsion took effect on 31 August 2026, meaning that EBC Financial Group clients are no longer...

IndustryFinance Magnates

"No One Writes Code Manually Anymore at Deriv": CEO Rakshit Choudhary

"What matters to us is making Deriv a better, more efficient company, one that gives clients a real reason to stay with us." That is how Rakshit Choudhary, CEO of Deriv, frames the online broker's push to become what the company calls an AI-first business, a label that has become close to meaningless in an industry...

IndustryFinance Magnates

Nigeria Axes Binary Options In New FX and CFD Rules

Nigeria's Securities and Exchange Commission (SEC) unveiled an inaugural framework on Tuesday tailored for CFDs and forex. This marks another push toward stricter oversight in another African nation. Notably, the SEC intends to ban binary options entirely while curtailing traditional finfluencer marketing tactics and...

IndustryFinance Magnates

TradeLocker Adds TFB Bridge as Brokers Get Another Route to Liquidity

TradeLocker added TFB's Trade Processor liquidity bridge today (Thursday), giving its broker clients another route to external liquidity. The companies said the system connects to more than 100 providers and includes real-time risk analytics. TradeLocker clients can now pair its front end with TFB's order-routing and...

IndustryFinance Magnates

Sucden Financial Appoints Harry Clarke as Head of FX Sales, EMEA

Sucden Financial has appointed Harry Clarke as Head of FX Sales for EMEA, effective 1 September 2026. Clarke reports to Wayne Roworth, Global Head of FX at the multi-asset execution, clearing and liquidity provider. Clarke joins from UBS, where he spent more than eight years in FX sales roles, most recently as a...

IndustryLeapRate

CME Group Posts Second-Highest August Volume on Record

CME Group, the Chicago-based derivatives marketplace, reported its second-highest August average daily volume (ADV) on record, with 29.7 million contracts traded during the month, up 6% from August 2025. The gains were broad-based across asset classes, though interest rate products and metals stood out. Interest Rate...

IndustryLeapRate

Crypto Finance (Germany) GmbH Names Laura Hermann as Managing Director

Crypto Finance (Germany) GmbH has appointed Laura Hermann as Managing Director, effective July 1, 2026. The move rounds out the company's German management team, which also includes Moritz Weber and Christian Müller. In her new position, Hermann will focus on driving the company's strategic growth within the...

IndustryLeapRate

cTrader Added 121,000 YouTube Subscribers in 12 Weeks. Now It Wants AI Creators

cTrader's YouTube channel reached 221,000 subscribers today (Thursday), more than twice its previously announced milestone. Spotware is pairing the audience growth with a creator program focused initially on artificial intelligence in trading. The public channel displayed 221,000 subscribers when checked by...

IndustryFinance Magnates

cTrader introduces cTrader creator program

cTrader introduces the cTrader creator program, a new initiative built to develop long-term partnerships with creators working in AI, coding, technology and trading.

IndustryFX News Group

Déjà Vu at XTB: Founder Jakub Zabłocki Cashes In $410 Million More

Warsaw-listed CFD broker XTB confirmed yesterday (Wednesday) that its largest shareholder completed a sale of company stock through an accelerated bookbuilding process, the latest in a series of reductions stretching back three years. XX ZW Investment Group S.A., a Luxembourg-registered investment vehicle majority...

IndustryFinance Magnates

Coinbase Launches Derivatives Contracts in Canada

Coinbase said Wednesday that it has launched regulated derivatives contracts in Canada, allowing eligible Canadian traders to access the products directly on its platform for the first time. Offered through Coinbase Financial Markets, the exchange said it is the first major crypto-native platform to offer direct...

IndustryLeapRate

VIDA Markets Names Michael Chen Head of APAC as Regional Hiring Takes Shape

VIDA Markets has appointed Michael Chen as Head of APAC, giving the FX and CFD broker a dedicated executive for its Asia-Pacific growth strategy. The company said Chen will focus on strengthening VIDA Markets' regional presence, building teams and developing long-term relationships with introducing brokers, affiliates...

IndustryFinance Magnates

Alpaca Moves Index Options from Paper Trading to Live API Access

Alpaca has moved index options from paper trading into live trading, giving users access to Cboe-listed contracts including SPX, SPXW, VIX, VIXW, DJX and XSP through its Trading API and dashboard. The launch extends Alpaca's API-first infrastructure into a product set used by fintech startups, broker-dealers, hedge...

IndustryFinance Magnates

Montrеal Exchange Offers Retail Options Rebate, But Brokers Face $1 Fee Cap

Montrеal Exchange has launched a "bring a client, get a rebate" style promotion, offering to reduce trading and clearing fees to zero on selected retail options trades. The programme comes with a pricing condition: participating firms must charge retail clients no more than $1 per contract, including execution and...

IndustryFinance Magnates

XTB Slips on Final $5.3M Fine Despite STOXX 600 Entry, Still Up 140% This Year

XTB shares slipped 5% today (Wednesday) after the Polish Financial Supervision Authority (KNF) upheld a PLN 20 million (about $5.35 million) fine. The sanction covers customer checks, product targeting, conflict controls and CFD risk disclosures. Even after Wednesday's decline, XTB was up about 143% this year and only...

IndustryFinance Magnates

Marex Expands Corporate FX Business into France

Marex announced the expansion of its Corporate FX business into France on Tuesday, extending institutional-grade foreign exchange risk management solutions to French corporates with exposure to international markets. The move builds on Marex's enhanced Corporate FX capabilities following its acquisition of Hamilton...

IndustryLeapRate

Not Only Advising: RUBIK Says It Now Makes Risk Decisions for Prop Firm Clients

RUBIK promoted Bryan Cycman to chief operating officer today (Wednesday) as it moves beyond consulting to run risk desks for prop trading firms. RUBIK says those desks make decisions for clients. That puts an external provider inside decisions that can affect payouts and account access. RUBIK says its work can include...

IndustryFinance Magnates

Euroclear and HSBC Automate FX Before Europe Cuts Securities Settlement to One Day

Euroclear tapped HSBC yesterday (Tuesday) to supply the pricing, conversion and liquidity behind an automated FX service embedded in securities settlement. AutoFX will initially support more than 30 currencies and is due in early 2027, the companies said. Cross-border investors must secure the currency needed to...

IndustryFinance Magnates

Transparency as a Feature: Building Long-Term Trader Confidence

Choosing a broker is one of the few decisions a trader makes that affects every trade afterwards. Spreads matter, platforms matter, and execution matters, though all three sit on top of something more basic: whether you know where you stand before you commit any money and whether the company holding your account will...

IndustryFinance Magnates

ASIC Crypto License Applications Pass 45 Before September Deadline

The Australian Securities and Investments Commission ( ASIC ) recorded more than 45 applications tied to digital-asset services, it said today (Wednesday). The count has increased by roughly half since ASIC extended its transitional licensing relief. Businesses relying on the regulator's no-action position have until...

IndustryFinance Magnates

Deriv Gains Banking License in SVG

Deriv has obtained a banking license from the regulator in St Vincent and the Grenadines. Its CEO, Rakshit Choudhary, highlighted that the move is "part of a broader push" to expand the contracts for differences (CFD) broker's jurisdictional reach globally. The move did not come as a surprise, as Finance Magnates...

IndustryFinance Magnates

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