EMIR Trade Repositories (TRs) have now started giving reporting entities feedback on their pairing and matching status in the form of an end of day report in respect of the new EMIR Refit. Brokers need to be aware of this process and ensure that their regulatory reporting team (or external provider) is:· Attending to these reports which come from the TR each day,· Identifying which counterparties are included in the report as also having a reporting obligation (especially where you had not previously conducted an exercise of preparing for the pairing and matching requirement),· Understand why there are mis-matches in paired transactions,· Liaising with counterparties to align the relevant fields to prevent mis-matches re-occurring, and· Making changes to the reporting systems and processes where necessary.Lets us explore the pairing and matching process undertaken by the LSEG Regulatory Reporting TR. What Is Pairing and Matching?Pairing is the process where the TR identifies and pairs the two sides of the same transaction using the following fields:· Unique Transaction Identifier (UTI), · Counterparty 1; and · Counterparty 2.Matching is the process the TR does (after successful pairing) to match certain fields of the 2 reported sides of a trade.Once the trades are paired, you will be able to see the values your counterparty reported that didn’t match (see example below).How Does Pairing and Matching Benefit a Firm?Pairing and matching is great when it works, as it allows a firm to see what values their counterparty has reported. This allows a kind of real time audit and reconciliation between the 2 parties so that if one party gets a value wrong, hopefully their counterparty will get it right. The parties will then engage in dialogue on their conflicting data values and improve their process in near real time.What Are the Relevant Fields and Do Hey Need to Match Exactly?Firstly, the TR doesn’t necessarily try to pair every trade. The pairing is only attempted if the field 'Reporting obligation of counterparty 2' is set to ‘TRUE’.Secondly, whilst there is pairing between TRs in the same jurisdiction, there is currently no formal pairing across jurisdictions, i.e. a trade done by an EU investment firm with a UK investment firm will not be paired. There are a total of 89 fields that are eligible for reconciliation but a lot of them are only relevant to certain asset classes or trading venues.Some fields have reconciliation tolerances to allow for different timing and rounding and other factors that may result in a different value from each counterparty being ‘normal’.Brokers should make sure they are attending to these pairing and matching reports each day. Review the recommended action items above and make sure you understand where your reporting standards need to get to. Ensure that there is a clear record of constant improvement in your arrangements with counterparties to make sure that mismatches in reporting are rare, rather than systemic. This article was written by Quinn Perrott at www.financemagnates.com.

Making or keeping the right connections can be the key to unlocking new business opportunities and driving future success. At the Finance Magnates London Summit (FMLS:24), networking has always been a central focus, and this year, the event is taking it to the next level with the Speed Networking Session. This freshly launched invite-only session is designed for efficiency, speed, and focus, offering attendees the chance to connect with a wide range of industry professionals in a short amount of time. Learn how to grow your network this Fall in a truly engaging format.Are you looking to find your next clients or service providers in style and get an early start to the city's evening drinks and parties. Perhaps you are the market for conversations with the industry executives that matter, or are interested in creating effective business? Or are you simply looking for better technology or liquidity solutions? If the answer to any of these questions is yes, then the Speed Networking Session is for you. Apply today for this invite-only opportunity. A total of two sessions will be held at the following times:The Sunset Liquidity Beer, taking place on November 19 at 16:00The Sunset Tech Beer, taking place on November 20 at 15:15Select industry participants can participate in the exclusive Speed Networking Session, held high above the packed exhibition hall of FMLS:24. As a quick reminder, in a few weeks the doors of FMLS:24 will be open to attendees on November 18-20 at Old Billingsgate. Will you be one of them? Time is running out to register for London Summit – make sure to reserve your seat to the biggest show of the year and skip the queues on-site. What is Speed Networking?Speed networking is a structured, time-efficient networking format that enables participants to meet numerous potential contacts in quick succession. At this year’s first ever Speed Networking Session at London Summit, participants can speak face-to-face with targeted individuals they need, without the background noise and crowd.This engaging and streamlined structure ensures that attendees meet a diverse array of professionals in a short amount of time, expanding their connections across various sectors within finance and fintech. In an industry where time is money, speed networking is the perfect solution to maximize the benefits of concise interactions, fostering meaningful conversations that can later be deepened and expanded upon.Why You Need to Attend this Year’s Speed Networking SessionThe Speed Networking Session at FMLS is a prime opportunity for both select industry professionals. Whether you’re a broker, liquidity provider, fintech startup founder, or a payments expert, the session provides several key benefits, including the following:Maximized Networking TimeWith so many industry players and potential partners gathered at FMLS, it can be daunting to try and connect with everyone on your list. The speed networking format is designed to simplify this process, allowing you to meet a wide range of professionals quickly. In just a single session, you can make dozens of new contacts who could become future collaborators, clients, or business partners.Breaking the IceOne of the biggest challenges in networking is approaching new people and initiating conversations. The structured environment of the Speed Networking Session removes this barrier. With everyone on the same page and the expectation of rapid interactions, it becomes much easier to break the ice, fostering a more relaxed and open atmosphere for conversations.Diverse ConnectionsThe Finance Magnates London Summit attracts a global audience from across the finance and fintech spectrum. During the speed networking session, you’ll have the opportunity to meet professionals from different sectors. This includes brokers, asset managers, fintech innovators, crypto experts, and regulatory advisors. Each of these are offering a chance to build a diverse network that spans the entire financial ecosystem.Potential Business OpportunitiesOne of the main reasons attendees head to FMLS is the potential for new business opportunities. In the speed networking session, each interaction could lead to a business deal, a strategic partnership, or a key insight into a new market. The quick format allows you to assess synergies early, then follow up after the session to explore opportunities further.The Speed Networking Session at the London Summit is the perfect opportunity to expand your professional network in a focused and efficient manner. Join the conversation today surrounding FMLS:24 or make sure to apply for this exclusive networking session. This article was written by Jeff Patterson at www.financemagnates.com.

Iris Energy Limited, the publicly-listed Wall Street Bitcoin (BTC) mining company (NASDAQ: IREN) that recently pivoted to promoting itself as a high-performance computing (HPC) data center operator, is facing a class action lawsuit alleging it misrepresented its capabilities and prospects to investors.Wall Street Bitcoin Miner Faces Lawsuit over Alleged Misrepresentation of Data Center CapabilitiesThe lawsuit, filed in the United States District Court for the Eastern District of New York, claims that Iris Energy and its executives made false and misleading statements about the company's ability to transition its facilities from bitcoin mining to HPC and artificial intelligence applications.According to the complaint, Iris Energy's Childress, Texas facility, which the company touted as a key asset for its HPC strategy, lacks critical features necessary for such operations. The lawsuit alleges that the site has inadequate power redundancy, cooling systems, and fiber connectivity.The lawsuit also cites statements made by Iris Energy's co-CEO, Daniel Roberts, who claimed the company had "built this base layer, this bedrock of high-performance data centers that can do any high-performance compute." The plaintiffs argue that these statements were materially false and misleading, “because the Company overstated the capabilities of its data center business, and its overall prospects.”Iris Energy's stock price fell approximately 15% following the publication of a critical report by Culper Research, which raised concerns about the company's HPC claims and the suitability of its facilities for such applications.“Culper further stated that it was ‘short IREN because we believe the Company has dramatically misrepresented the strength and potential of its assets for HPC/AI Applications’,” the lawsuit commented.The class action seeks to recover damages on behalf of investors who purchased Iris Energy securities between June 20, 2023, and July 11, 2024, alleging violations of federal securities laws.Bitcoin Miners from Wall Street Pivot to AIIREN's shift towards AI is driven by increasingly challenging conditions in the cryptocurrency mining market. The company's latest fiscal year 2024 report revealed that by adding AI industry support services to its offerings, IREN managed to secure new revenue streams. Although the net loss still amounted to $29 million, it was six times smaller than the previous year.Finance Magnates reported in 2023 that after a tough 2022, cryptocurrency miners began seriously looking towards AI and HPC, which are highly energy-intensive industries.An August report from VanEck this year confirmed this trend. According to Matthew Sigel, VanEck's head of digital assets research, the pivot from BTC to HPC/AI could unlock $38 billion in value for mining companies by 2027."AI companies need energy, and bitcoin miners have it," Sigel commented. "As the market values the growing AI/HPC data center market, access to power—especially in the near term—is commanding a premium."Examples of such moves have been visible since last year. For instance, HIVE Blockchain changed its name to HIVE Digital to better reflect the evolving nature of its business, which now focuses not only on BTC mining but also on supporting HPC and AI industries. The company expects this new venture to double its revenue and has announced the construction of a new hydroelectric data center to support this goal. This article was written by Damian Chmiel at www.financemagnates.com.

Ripple announced the launch of new crypto custody services on Thursday (today). These services are designed to assist banks and financial technology firms in storing digital assets for their clients. However, this diversification effort comes amid challenges for XRP, as the US Securities and Exchange Commission recently announced plans to appeal a ruling that deemed the token not a security in retail sales. Ripple continues to dispute the SEC's allegations regarding its XRP sales.Custody Division for Digital AssetsThe introduction of these features comes as part of Ripple’s expansion into custody services through its newly established division, Ripple Custody. Ripple's new offerings include pre-configured operational and policy settings, integration with the XRP Ledger blockchain, anti-money laundering risk monitoring, and an improved user interface. This initiative marks a shift for Ripple, which has primarily focused on its payment settlement business and the XRP cryptocurrency.“With new features, Ripple Custody is expanding its capabilities to better serve high-growth crypto and fintech businesses with secure and scalable digital asset custody,” Aaron Slettehaugh, Senior Vice President of Product at Ripple, said in a statement shared with CNBC.Just announced: Ripple launching CRYPTO CUSTODY STORAGE FOR BANKS.?‍?️?“Storing digital assets on behalf of clients.”? pic.twitter.com/tbPi9YQfmV— SMQKE (@SMQKEDQG) October 10, 2024Custody Market Sees Rapid GrowthThe custody market is growing quickly, with Ripple now entering a competitive field that includes established firms like Coinbase, Gemini, and Fireblocks. Custodians play a crucial role in the cryptocurrency ecosystem, safeguarding private keys needed for accessing digital assets. They also facilitate payments, trading, and ensure compliance with regulatory requirements.Ripple claims that custody is one of its fastest-growing sectors, with Ripple Custody reporting over 250% customer growth year-over-year and operations in seven countries. Major clients include HSBC and DBS Bank. Additionally, Ripple plans to enable clients to tokenize real-world assets, such as currencies and commodities, on its XRP Ledger.Last year, Ripple acquired Metaco, a firm specializing in crypto storage solutions, and Standard Custody & Trust Company, to enhance its custody offerings. This article was written by Tareq Sikder at www.financemagnates.com.

Crypto influencers on channels like YouTube, Instagram and X play a vital role in the industry, helping to educate and engage audiences with their creative content, news, recommendations, tips and insights. As a crypto influencer, your biggest priority is always about growing your fan base and gaining more followers, and that means creating a constant stream of high-quality content to keep people interested. It’s a full-time job, but fortunately it can be a very rewarding one too, with various opportunities to monetize that content. These days, many of the best known crypto influencers have taken on the dual-role of crypto affiliates, which means cementing a relationship with a leading blockchain exchange platform and helping to bring them new customers. The vast majority of crypto exchanges today offer some kind of affiliate program, but very few are as supportive as the one offered by Bybit, the world’s second-largest crypto exchange by trading volume. As one of the most recognizable crypto trading platforms in the business, Bybit strives to ensure its affiliate program is one of the best. To do that, it offers some of the most generous rewards for crypto influencers, as well as the tools they need to make the most of the opportunity it provides. In an interview, Bybit’s Head of Center of Excellence Liyun Ng explained that the company’s affiliate program provides influencers with the ability to earn up to 50% in commission on the trading fees generated by each user they refer, as well as flexible payment options and other support. “Our commissions are paid out in real-time and they can be withdrawn at any time, day or night,” Ng said. “We also offer performance bonuses based on the amount of trading volume the affiliate brings. And just as important, we provide a range of promotional tools and support for our affiliates, including marketing materials like banners, landing pages, referral links and data dashboards.” As part of its dedication to arming its affiliates with everything they need to succeed and build their audiences, Bybit also offers access to a dedicated account manager. The role of the account manager is to provide hands-on feedback to each of the company’s partners, so they can boost the number of referrals they generate. Nurturing The Next Generation of Crypto InfluencersFor Bybit, a successful affiliate program means more than just offering some of the best financial rewards. It also means helping those affiliates to become better influencers, so they can expand their audiences and establish themselves as genuine experts in the industry. That explains why Bybit helps its affiliates to get out and about in the crypto world, sending them to events where they can meet entrepreneurs and innovators in the crypto community, so they can raise their profile as key influencers. “We extend invitations to our affiliates to all kinds of events that Bybit is involved in, be it Formula One races, football matches, crypto conferences and VIP gala dinners,” said Bybit’s Head of Business Development Cody Ong. Another aspect of the Bybit affiliate program is networking, which it promotes via its Crypto Content Creator Campus initiative. The CCCC is a place for affiliates to meet with their peers and cultivate long-term relationships, so they can collaborate and help one another. “It encourages collaboration, networking, and mentorship among affiliates, media platforms, and industry leaders,” Ong explained. “This fosters a sense of community and loyalty amongst our affiliates, creating a more supportive environment for the whole crypto industry.”According to Ong, the priority for most crypto influencers is to find a partner that’s reliable, pays well and is extremely supportive. In terms of support, Bybit works with various ecosystem partners in the crypto industry, encouraging them to use its affiliates’ services as well. So it means Bybit’s affiliates have the opportunity to change things up by promoting other crypto products and services, ensuring their content won’t go stale with the same offers.“Bybit has a very stringent listing process,” Ong added, reassuring affiliates that any partners it asks them to support have high-quality tokens. “Partners can trust the tokens we list.” Ng said that another recent initiative launched by Bybit saw the exchange give its affiliates access to special, pre-listing tokens. The idea is that they can offer these tokens to their users as a reward for signing up with Bybit’s exchange. “We were able to utilize these tokens to bring hundreds of new users into Bybit in the MENA region,” he explained. The Future Of Crypto Affiliates Ong explained that these kinds of three-way partnerships, involving Bybit, its affiliates and its partnerships, pave the way for a more dynamic and rewarding affiliate ecosystem that will enable influencers to bring much greater value to their followers. “With these partnerships, our affiliates can offer exclusive tokens, staking opportunities and early access to new projects, elevating their role above promoters,” Ong said. “They can actually become ecosystem builders and play a key role in the industry.” Assuming that these initiatives are as successful as Bybit hopes, the company may eventually be able to transform its entire affiliate model. As Ong points out, Bybit and many other crypto exchanges may one day go down the same route as Robinhood and move to zero trading fees, in which case the industry will need to come up with a new way to reward its affiliates. “In future, the way affiliate marketing will work is through fixed payments of tokens, as opposed to commissions,” Ong said. “So there’s an urgent need to evolve our affiliates into better thought leaders and make them more knowledgeable and credible, so they can position themselves as trusted advisors.” This article was written by FM Contributors at www.financemagnates.com.

In a striking development that has grabbed the attention of crypto enthusiasts globally, Supra, a high-performance Layer-1 (L1) blockchain, recently unveiled a series of offerings — such as ‘Supra Containers’ and high-quality, real-world asset (RWA) price feeds — designed to redefine the realm of decentralized technologies.To elaborate, Supra Containers offer developers the flexibility of dedicated L2s and AppChains without the associated drawbacks of high infrastructure costs, fragmented liquidity, or complex security issues, thereby potentially rendering traditional Layer-2 (L2) and Layer-3 (L3) networks obsolete.Moreover, they provide a dedicated execution space (DappSpace) for decentralized applications (dApps) that leverages the full power of Supra's high-performance L1. This helps address several key challenges faced by developerss routinely, including broken composability and the need to bootstrap network security.Supra’s L1 node network secures every container, ensuring developers can focus entirely on building innovative dApps, not infrastructure. Not only that, the Containers come with an in-built, vertically integrated stack of critical blockchain services such as oracle price feeds, on-chain verifiable randomness, cross-chain communication, and automation.Lastly, in contrast to L2 appchains, where oracle and bridge integrations can be costly and complex, Supra Containers provide these features natively, cutting down on costs otherwise spent on integrating these external infrastructures.A game-changer for dApp development?One of the most standout aspects associated with these Supra Containers is their MultiVM compatibility, allowing users from ecosystems such as MoveVM, EVM, and soon SolanaVM to deploy dApps on their own containers without the need for complex migrations. In fact, developers can build entire ecosystems within their custom environments, deploying multiple dApps and smart contracts within their respective containers. Such a high degree of flexibility allows participants to tap into Supra's impressive 500k TPS throughput and sub-second consensus latency, paving the way for a new generation of scalable, efficient, and interoperable dApps. On the subject, Joshua Tobkin, CEO of Supra, explained:"With Supra Containers, we're not just simplifying dApp development — this might eliminate most needs for L2s and AppChains altogether. Developers now have the freedom to launch their own ecosystems with full control over governance and token economies while enjoying the security, composability, and shared liquidity of Supra's Layer-1 infrastructure."Lastly, it bears mentioning that the containers are fully alterable and integrate seamlessly with Supra's overarching ecosystem, preserving atomic smart contract transactions and allowing dApps to interact effortlessly. Unlike L2s, where fractured liquidity can be a significant drawback, Supra Containers can share liquidity across the entire Supra L1 network, ensuring smooth operations and access to a unified pool of assets.Record-breaking user verifications. The numbers don't lie!Recently, Supra revealed that it had successfully verified over 500,000 users for its upcoming SUPRA token airdrop, setting a new world record in the process. The achievement came as part of Supra's "Countdown to Blast Off" learn-and-earn airdrop campaign, which effectively addressed the challenge of bot infestations that have plagued several high-profile airdrops in recent times.By implementing KYC checks provided by Onfido.com, Supra verified proof of personhood and liveness across more than 190 countries, making its campaign potentially the fairest airdrop in crypto history. The verified users are now poised to become the initial token holders of the SUPRA token, which will be distributed over the coming months. Exploring the RWA terrainFurther cementing its position as an innovator in the blockchain space, Supra also announced the expansion of its oracle protocol's price feeds catalog to cover real-world assets (RWAs), including FX currencies, equities, and commodities. The development was part of the platform’s highly anticipated Distributed Oracle Agreement (DORA) version 2.0 release.By introducing these quality price feeds, Supra is helping facilitate the creation of diverse dApps that can enhance ownership, boost liquidity, and increase access to traditional assets across more than 80 blockchain networks.Lastly, it bears mentioning that the integration of these RWA price feeds is powered by Supra's Moonshot consensus mechanism, which has demonstrated impressive performance metrics. During global testing, Moonshot achieved 530k transactions per second throughput across 125 nodes, with optimistic finality in 500 milliseconds and full finality in approximately 1.5 to 2 seconds. Therefore, as Supra continues to innovate and expand its offerings, it is poised to play a pivotal role in ushering in the next era of decentralized technologies. Interesting times ahead! This article was written by FM Contributors at www.financemagnates.com.

TrivePro, a UK-based broker, has decided to wind down its operations in the country this year. However, its parent company, Trive Financial Services UK Limited, was still required to release its annual financial numbers as per regulatory obligations. Despite the report revealing a 50% drop in net profit, the report gave no indication of possible cessation of trading activities.TrivePro's Revenues Dropped 18%, Net Profit Halved in 2023According to the latest report published in the UK's Companies House, Trive Financial Services UK Limited generated revenue of £8.9 million last year, which is 18% less than the £10.8 million from 2022.Adding to this, sales costs increased by several hundred thousand, reaching almost £7 million, causing operating profit to shrink from £2.7 million to just under £635,000. Ultimately, the net profit, including "interest receivable and similar income," amounted to £1.3 million. However, this was still 50% less than the nearly £2.7 million reported in the previous year.However, the management's commentary on the report tried to find positives: achieving net profit for two consecutive years and reducing related expenses, including administrative costs."The Firm successfully reduced administrative expenses relative to previous years," the statement read. "Additionally, the Company implemented a significant capital reduction by returning £17.2 million of shares to its immediate parent, reducing its share.”This doesn't change the fact that in mid-July, after six months of operations in 2024, Trive Financial Services UK Limited applied to cancel its FCA license, indicating the company's plans to exit the UK markets.Since then, the official TrivePro website has displayed the following information: "Trive Financial Services UK Ltd (Previously known as GKFX Financial Services) is no longer conducting trading activity and applied to the Financial Conduct Authority of the UK ("FCA") to cancel its regulatory authorization, and no longer offers any investment products/services to the general public."From GKFX to TriveTrivePro has been providing professional and institutional clients with high-risk over-the-counter derivative trading services, including leveraged forex and CFDs. The company, formerly known as GKFX Financial Services, was acquired by Trive Investments BV, a Dutch firm, in 2022 and subsequently rebranded.In 2019, the UK branch underwent a strategic shift, narrowing its focus to serve only professional and institutional clients. This restructuring involved transferring retail customers to a Malta-based affiliate and changing the UK entity's name from GKFX UK to GKPro.While TrivePro is exiting the UK market, the Trive brand continues its retail trading operations internationally. The retail arm is managed by companies with regulatory approvals in various jurisdictions, including the British Virgin Islands and Malta, where it's experiencing significant growth.In late September, Finance Magnates reported that Trive South Africa began accepting CFD clients in the region, just two months after establishing the necessary operational framework. This article was written by Damian Chmiel at www.financemagnates.com.

GCEX, a regulated digital prime brokerage, has introduced an enhanced market data feed solution. This new service covers a wide range of products, including Equity Index CFDs, Energy CFDs, Commodity CFDs, Crypto CFDs, Spot FX, and Bullion. Clients can now access real-time market data without restrictions, allowing brokers, funds, and professional traders to redistribute this data with greater flexibility.Introducing New Data FeedThe data feed accompanies GCEX's existing brokerage services, though opening a trading account is not required. Additionally, the cost of the data can be offset against trading commissions on any product, providing a potential benefit for active participants.Alongside this, GCEX has launched an improved CFD product. This product offers competitive spreads on major indices and commodities. For instance, the DAX 30 has a target spread of 0.45, the US 30 has a target spread of 0.9, and US and UK Oil have target spreads of 0.01."At GCEX, our mission is to empower clients with unparalleled trading solutions," said Lars Holst, Founder and CEO of GCEX. "The release of our comprehensive market data feed and competitive CFD product is a testament to our commitment to innovation and client-centric services. We understand the critical role that timely and accurate market data together with market-leading spreads play in trading strategies, and we're excited to provide these solutions.”Meanwhile, GCEX has appointed Jonathan Brewer as Chief Revenue Officer, as reported by Finance Magnates. In his new position, Brewer will focus on growth from institutional and professional clients across all GCEX entities, including those in the UK, Denmark, and UAE. He will collaborate with the CEO on the growth strategy.Technology Solutions SuiteThis launch reflects GCEX’s strategy to enhance its offerings. The company already provides access to deep liquidity on digital assets and FX, along with spot trading and digital asset conversion, and is now expanding access to essential market data.GCEX also offers technology solutions under its XplorDigital suite, which includes ‘Crypto in a Box’ and ‘Broker in a Box.’ These platforms cover regulatory needs, custody solutions, liquidity, and risk management, offering tools for brokers to meet the demands of modern trading environments.Headquartered in London, GCEX operates globally and is regulated by the UK’s Financial Conduct Authority (FCA). It is registered with the Danish Financial Supervisory Authority (FSA) and holds a Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority. This article was written by Tareq Sikder at www.financemagnates.com.

Century Financial, a Dubai-based financial services firm, announced today (Thursday) the opening of a new branch office in Abu Dhabi, marking an expansion of its presence in the United Arab Emirates (UAE).Century Financial Expands Operations with New Abu Dhabi BranchThe move is part of the company's strategic growth plan and aims to strengthen its foothold in the UAE's financial sector, where it has been operating for over thirty years.“Being a pioneer in global investments in the UAE, the opening of the Abu Dhabi office further reiterates our commitment to providing the tools, knowledge, and bespoke solutions to our discerning clients based in Abu Dhabi,” said Bal Krishen, Chairman and CEO of Century Financial.The Abu Dhabi branch will offer an expanded product line, including CFD-based Abu Dhabi Securities Exchange (ADX) stocks. Additionally, the company plans to introduce new AI-enabled features to its trading platform.At the beginning of this year, the company appointed Ulas Akincilar as the new Chief Product Officer. He previously worked for Infinox Capital and House of Borse, which was acquired by UAE's Noor Capital and subsequently rebranded. He also held a position at Gold-i, a technology and liquidity provider serving the FX/CFDs industry.Earlier, the company promoted Mahmoud Elaref from Senior Financial Analyst to Vice President of Private Wealth. This promotion came after Elaref had been with the privately-owned firm for over five years.UAE: A Key Player in the FX/CFD LandscapeThe UAE is experiencing growth in retail FX/CFD trading, bucking the global trend of declining trader numbers. This expansion is driven by two primary factors: a flourishing cryptocurrency market and the strong influence of personal recommendations. A recent study indicates that approximately half of the respondents entered the trading market based on encouragement from family members.Although there has been a 6% reduction in active traders over the last year, mainly due to fewer new entrants, the UAE market has seen a significant uptick in reactivated and continuing FX/CFD traders. This pattern underscores the market's robustness and the faith that existing traders place in the UAE's trading ecosystem.A distinctive feature of the UAE's retail FX/CFD market is the exceptional impact of word-of-mouth referrals in attracting new clients. Personal recommendations are responsible for 42% of new account openings, a figure substantially higher than in other regions, especially Europe. Furthermore, advocacy rates in the UAE are remarkably high, with 83% of traders endorsing their providers to others, in contrast to only 48% in France and 42% in Germany.The UAE is rapidly emerging as a global technology hub, drawing the attention of Asian tech professionals. A recent Capital.com survey reveals that 81% of Asian tech experts view the Middle Eastern nation as an increasingly significant tech destination. With nearly half expressing a willingness to relocate there, the UAE is surpassing traditional favorites like Germany and Hong Kong in appeal. This article was written by Damian Chmiel at www.financemagnates.com.

Americas Executions (AmerX) has implemented Broadridge Financial Solutions' Securities Finance and Collateral Management (SFCM) platform to support its newly launched securities lending business. AmerX Adopts Broadridge's SFCM Platform to Launch Securities Lending BusinessThe SFCM platform is designed to streamline AmerX's securities lending operations, offering comprehensive tools for collateral management, trade lifecycle management, and risk assessment. This integration is expected to enhance transparency and ensure compliance with regulatory requirements."Broadridge's advanced solution provides essential system functionalities that enable us to offer new products and services addressing our clients' growing needs, which is crucial for business growth,” Kevin Cryan, AmerX Managing Director and Head of Securities Lending, commented. The adoption of Broadridge's technology comes at a time when the securities finance sector is undergoing significant changes. Financial institutions are increasingly shifting towards self-clearing models and introducing new products to diversify revenue streams. The SFCM platform addresses these market trends by offering workflow efficiency and pricing flexibility."SFCM's comprehensive and scalable foundation will support AmerX in strengthening operations and enabling growth in an ever-evolving financial landscape,” added Darren Crowther, Head of Broadridge Securities Finance and Collateral Management.As a front-to-back SaaS solution, SFCM caters to both buy-side and sell-side markets, covering securities lending, repo, and collateral trading. AmerX, which operates under Lucid Capital Markets, is a member of the New York Stock Exchange and is registered with the SEC and FINRA.Broadridge’s Exec MovesThe company has made several key executive appointments in recent months, strengthening its global leadership team and positioning itself for continued growth and innovation.In August 2024, Simon Robertshaw joined Broadridge as the Chief Technology Officer for Trading Solutions. Based in London, Robertshaw will oversee and advance the company's front-office trading capabilities, encompassing both sell-side and buy-side trading across various asset classes and jurisdictions.Earlier, in July, Broadridge appointed David Runacres as President of Asia-Pacific (APAC). Based in Tokyo, Runacres will lead regional operations and serve as Senior Country Officer for Japan, a crucial market in Broadridge's growth strategy. June saw the appointment of Roz Smith as Chief Operating Officer of Broadridge International. Working from London, Smith will collaborate with Mike Sleightholme, President of Broadridge International, to enhance the company's global presence and customer service in the EMEA and Asia Pacific regions.These appointments follow the September hiring of Brian Pomraning as Chief Product Officer for Trading and Connectivity Solutions. Pomraning will lead the global product management organization and oversee the company's trading and connectivity products and services. This article was written by Damian Chmiel at www.financemagnates.com.

Prime brokerage firm 26 Degrees intends to surrender its CySEC licence. While the Limassol office will remain operational, it will serve as a branch supporting the firm’s international activities.The decision is driven by the firm's desire to concentrate on institutional services, particularly hedge fund operations, amid growing regulatory challenges with the Cypriot authorities. This move may also be linked to the recent departure of Riana Chaili, the former CEO for the EMEA region. We reached out to 26 Degrees, but the company declined to comment.Apart from Chaili, Lochlan White recently stepped down from his role as EMEA Chief Commercial Officer, based out of the Cyprus office, to join Scope Prime. He parted ways with the Gavin White-run company after spending 11 years in various roles.Surrendering the CySEC Licence after a Year26 Degrees is headquartered in Australia and offers prime brokerage services to broker-dealers and hedge funds. As reported by Finance Magnates earlier, the company gained its Cyprus Investment Firm (CIF) licence in 2023 to expand its presence in the European Economic Area. Interestingly, it had established and strengthened its Cyprus office even before obtaining the licence on the Mediterranean island.Months ahead of obtaining the Cyprus licence, the company also rebranded from Invast Global to 26 Degrees. At the time, Group CEO Gavin White told Finance Magnates that his company was compelled to rebrand due to the exponential growth of its institutional prime services business in the last five years.After surrendering the CySEC licence, the company will be left only with regulatory approval from the Australian Securities and Investments Commission (ASIC).Meanwhile, 26 Degrees continues to innovate with its product offerings. In July, it launched Pairs CFDs, which allow the trading of index vs. index, commodity vs. commodity, or equity vs. equity, similar to forex pairs. According to the company, these Pairs CFDs can be constructed to enhance or reduce volatility, depending on the correlation between the instruments. This article was written by Yam Yehoshua at www.financemagnates.com.

Interactive Brokers partnered with Saudi Arabia's Capital Market Authority licensed firm SNB Capital to allow international investors to trade directly on the Saudi Exchange. This collaboration enables the clients of Interactive Brokers to diversify their portfolios by investing in Saudi equities, global stocks, ETFs, and other securities from a single platform.Diversifying Investments PortfolioAccording to the company's statement, InteractiveBrokers' clients can now buy and sell Saudi stocks, real estate investment trusts (REITs), and exchange-traded funds (ETFs) under the new agreement. Saudi Arabia's stock market, often considered the gateway to the Gulf Cooperation Council (GCC), reportedly features over 415 listed securities across 22 sectors.Commenting about the partnership, Milan Galik, the Chief Executive Officer of Interactive Brokers, said: “We are pleased to work with SNB Capital and give investors the ability to trade Saudi equities in addition to our already vast array of global products and markets at low cost.”Opening the market today at the Saudi Exchange (@tadawul) to announce a landmark collaboration with Interactive Brokers (@IBKR), allowing international retail investors to seamlessly access the Saudi Capital Market, enabling global investors and further growing local capital… pic.twitter.com/IK4P1PgxWz— Interactive Brokers (@IBKR) October 9, 2024It is ranked among the top ten largest stock markets worldwide, offering vast potential for investors looking to gain exposure to the region's economic growth. This collaboration also aligns with the objectives of Saudi Vision 2030, a national initiative designed to diversify the Kingdom's economy and foster an advanced financial market.Managing Global InvestmentsThe offering enables investors to manage their Saudi holdings alongside other global investments such as stocks, options, futures, and bonds. The launch of this collaboration was commemorated during a bell-ringing ceremony at the Saudi Exchange in Riyadh. The event reportedly featured key figures such as Loai Bafaqeeh, SNB Capital's Head of Securities, and James Bradie, Senior Executive Officer of Interactive Brokers' Dubai office.“Our collaboration with Interactive Brokers comes as an extension to our role as the Saudi national champion and perfectly aligns with our strategic objectives, contributing to achieving the ambitious goals to develop an advanced financial market and provide an effective investment platform with a diversified investor base,” Rashed Sharif, the Chief Executive Officer of SNB Capital, added. This article was written by Jared Kirui at www.financemagnates.com.

A new HBO documentary claimed to have uncovered the identity of Bitcoin creator Satoshi Nakamoto. However, the man identified as the mysterious figure behind the leading cryptocurrency has denied the claims, BBC reported. Titled “Money Electric: The Bitcoin Mystery,” the documentary identified Canadian crypto expert Peter Todd as the elusive inventor. However, Todd swiftly dismissed these assertions. Who is Satoshi Nakamoto?In a dramatic confrontation within the documentary, filmmaker Cullen Hoback presents evidence suggesting Todd's connection to Satoshi. Todd, a well-known figure in the Bitcoin community credited with numerous innovations, reportedly refuted the claims, stating that he is not Satoshi Nakamoto.He publicly dismissed the suggestion, saying that Hoback's evidence is built on coincidence rather than concrete proof. Todd's reaction reflects a long history of speculation surrounding Satoshi's identity. Despite his technical expertise, Todd had not previously been a prime suspect in the hunt for Satoshi, making this latest documentary revelation surprising.The greatest mystery of the internet age unveiled. Find out in #MoneyElectric: The Bitcoin Mystery, a new @HBO Original Documentary, premiering tonight at 9 pm ET on @StreamOnMax. pic.twitter.com/Tc24HY2tGD— HBO Documentaries (@HBODocs) October 8, 2024The intrigue surrounding Satoshi is not merely academic. If Satoshi Nakamoto still controls the original Bitcoin wallet, it would now contain approximately $69 billion worth of digital currency, positioning them among the world's wealthiest individuals. Previous SuspectsTodd is not the first individual to be associated with Satoshi's identity. Australian computer scientist Craig Wright claimed to be Satoshi but faced widespread skepticism and legal challenges. Even tech entrepreneur Elon Musk was suggested as a potential candidate, though he denied any involvement.While Money Electric delves into the history of Bitcoin and its creator, it fails to provide definitive evidence that Todd is Satoshi. Hoback's claims are reportedly circumstantial and fail to provide definitive evidence that Todd is Satoshi. One piece of evidence is based on a 2010 forum post where Todd responded to Satoshi's comments, which Hoback argues may indicate Todd's hidden involvement. However, even Hoback admits that the connection is tenuous.In 2019, Wright presented documents about the origin of the pseudonym Satoshi Nakamoto in an effort to support claims that he is the inventor of the cryptocurrency. In an interview, Wright reportedly presented the document of an article from the digital database of the academic journal JSTOR from 2008. The document is about a Japanese individual named Tominaga Nakamoto. Wright mentioned that he was inspired by the individual, and he named Satoshi Nakamoto, the creator of Bitcoin, to honor him. This article was written by Jared Kirui at www.financemagnates.com.

Anthony Scaramucci, the Founder of SkyBridge Capital investment firm, has voiced criticism of the current state of cryptocurrency regulation in the United States. The former White House Director of Communications called for a more bipartisan approach and suggested that the European Union's Markets in Crypto-Assets (MiCA) regulation could influence US policy.Anthony Scaramucci Slams “Destructive” US Crypto RegulatorsIn an exclusive comment to Finance Magnates, Scaramucci emphasized the importance of collaborative actions across divisions in terms of market regulation. "I think it's very important that we have a bipartisan commitment to crypto," he stated, praising the efforts of Senators Kirsten Gillibrand and Chuck Schumer from New York.However, Scaramucci expressed strong disapproval of what he termed the "Elizabeth Warren and Gary Gensler hegemony" in shaping US crypto policy. "I think they've been very destructive to the industry unnecessarily," he said, suggesting that their approach has been arbitrary and potentially motivated by factors beyond regulatory concerns.The former White House communications director pointed to the regulators' past interactions with Sam Bankman-Fried, the disgraced founder of FTX, as a possible factor in their current stance. "They were very close to Sam Bankman-Fried's parents. They met with Sam Bankman-Fried many times," Scaramucci claimed, adding that he believes they were "embarrassed by Sam" and subsequently took a harder line against the crypto industry.“I think they did that unfairly, and they did that arbitrarily and capriciously, which is reflected in all the lawsuits that they've lost,” Scaramucci concluded in response to a question posed by Finance Magnates during an interview organized by Saxo Bank, in light of the upcoming US presidential elections.An example of what Scaramucci is referring to is the recent decision by the cryptocurrency exchange Crypto.com to take the Gensler-led Securities and Exchange Commission (SEC) to court, claiming regulatory overreach.Crypto Regulations in the US vs. EuropeScaramucci's comments come as the cryptocurrency industry faces regulatory uncertainty in the United States, while the European Union moves forward with its comprehensive MiCA framework. The contrast between the two approaches has led to speculation about whether the US might eventually adopt elements of the EU's regulatory model.So far, however, The US has adopted a more fragmented regulatory approach, relying on existing financial regulations and enforcement actions rather than comprehensive crypto-specific legislation.For example, the SEC focuses on regulating crypto assets that may qualify as securities, the CFTC oversees crypto derivatives and commodities, and FinCEN handles anti-money laundering compliance.In contrast, the EU has taken a more proactive and unified approach to crypto regulation. The block approved “Markets in Crypto-Assets Regulation” or MiCA, the world’s first comprehensive regulatory framework for cryptocurrencies.Presidential Elections and How They Can Influence CryptoWith just four weeks until Election Day, Vice President Kamala Harris's campaign is showing signs of strength, but the race remains too close to call according to political analysts, according to Scaramucci.The former Trump administration official turned critic believes the current polls are accurately reflecting voter sentiment, unlike in previous elections where Trump's support was underestimated."I think the race is currently too close to call," Scaramucci said in a recent interview with Saxo Bank. "And I think the race is definitely winnable for both sides."While former President Trump maintains high name recognition and plans to hold daily rallies in the final weeks, the Harris campaign has deployed an unprecedented ground game. With a staff of 2,000 and approximately 200,000 volunteers working the equivalent of 300,000 shifts, Harris's operation dwarfs that of previous Democratic campaigns."This is very different from 2016 because they're in the field, they are working, and she is showing up," Scaramucci noted, contrasting Harris's approach with Hillary Clinton's 2016 strategy.However, Harris still faces challenges in voter familiarity compared to her opponent. "Trump has something that she doesn't have. He has a hundred percent brand name saturation," Scaramucci explained. "Harris started on this real assault for the presidency on the 21st of July, but I would say that she's still somewhat unknown."Despite this, Scaramucci believes Harris has momentum on her side. The Vice President is outpacing Trump in both media appearances and fundraising, with projections suggesting she may have a two-to-one advantage in campaign spending.Scaramucci believes Harris could support a "middle-of-the-road cryptocurrency legislation" that fairly regulates the industry. On the other hand, Trump's pro-crypto stance could lead to appointing crypto-friendly officials in regulatory bodies. This article was written by Damian Chmiel at www.financemagnates.com.

Fuse, a blockchain that offers a fully customizable suite of financial products and payment solutions for businesses, announced the anticipated launch of Charge, a bank developed for blockchain businesses. Charge is the first non-custodial Web 3 merchant bank offering businesses and enterprises in the blockchain space a range of payment solutions for both crypto and fiat. Over the years, the blockchain realm has transformed payments for individuals and enterprises alike. Advances in Web 3 infrastructure and tooling have made it possible to experience digital banking on-chain, complete with neo-bank-tier products and services, as Fuse CEO Mark Smargon explained. With the launch of Fuse’s latest product, blockchain-based businesses will be able to leverage a full suite of payment services from invoicing, allowing merchants to set up e-commerce, accept online payments, and on-ramp/off-ramp fiat – all backed by a highly secure and non-custodial platform. “Charge combines these innovations into a single platform that enables merchants to enjoy the benefits of non-custodial payments and invoicing, coupled with a fiat off-ramp for seamlessly moving assets to the traditional financial system,” Smargon added.Charging Up the Crypto Payment SectorCharge, a first-of-its-kind innovation in the Web 3 space, is designed to revamp the payment solutions for blockchain businesses. The platform offers low transaction fees in comparison to banks and other platforms, at just 0.5%, making it easier to accept payments, generate invoices, and manage cross-border transactions. In addition, the platform becomes the first to offer non-custodial Web 3 merchant payments and a banking ecosystem, removing the need for a middleman while paying or receiving crypto. Crucially, Charge focuses on improving payment systems for small and medium enterprises (SMEs). It enhances payment for these businesses, making it easier for clients to transact in multiple cryptocurrencies and fiat, removing barriers to international commerce. As a non-custodial payment solution, Charge does not require a banking license to operate. Clients retain full ownership of their assets at all times.Charge provides a flexible and user-friendly banking service for SMBs operating at the intersection of Web3 and Web2, including crypto startups and e-commerce stores. It features full API support, enabling developers to fully integrate Charge into their existing tech stack. Robust security features empower Charge clients to maintain complete oversight and control of their assets.A Growing Need for Web 3 Banks and PaymentsWeb 3 payments are fast growing as a means of payment for merchants across the world, from big businesses like Visa and McDonalds to smaller ones. According to Statista, Web 3 payments are expected to reach a market size of $3 billion by 2025, with a CAGR of 40%. Notwithstanding, over 60% of businesses report being willing to accept crypto payments if the process were simplified and secure. Many businesses and consumers are gradually accepting digital currency payments due to the ease of cross-border payments and e-commerce transactions. Apart from saving businesses and consumers from high fees, these solutions provide better security and faster transaction times which has positively impacted widespread adoption. Charge aims to offer these solutions via its comprehensive, non-custodial solution that works seamlessly with existing fiat systems while leveraging Web3's flexibility. The platform will accelerate this trend by forming a vital component of the blockchain payment industry.The launch pioneers a new way for businesses and consumers to leverage crypto and crypto economics for merchant payment services and enhanced usability, privacy and trust issues that have previously prevented mainstream Web3 payments adoption. This article was written by FM Contributors at www.financemagnates.com.

Muinmos, a Danish RegTech firm, and cryptocurrency firm XBO.com partnered to improve how crypto exchanges onboard users. This collaboration promises speed, efficiency, and compliance with regulatory standards.Automating Compliance XBO.com's integration of Muinmos' software-as-a-service platform aims to improve users' experiences while strengthening the exchange's risk management capabilities. According to a statement shared with Finance Magnates, Muinmos aims to enhance the platform's ability to monitor transactions and detect suspicious activities by automating Know Your Customer (KYC) processes, performing real-time client classification, and conducting continuous risk assessments. "XBO.com is at the forefront of the crypto industry, and we are delighted they selected Muinmos when looking to take their KYC and onboarding to the next level, Remonda Kirketerp-Møller," the CEO of Muinmos said. "Onboarding new users is one of the first interactions customers have with an exchange and, with our platform integrated into theirs, XBO.com has a secure, automated system which enables quick, efficient, and compliant onboarding of users, enhancing the overall user experience for their clients." XBO.com, through its partnership with Muinmos, is reportedly seeking to address these challenges by introducing an automated KYC and onboarding process. It aims to boost XBO.com capabilities in dealing with potential security threats.Setting New StandardsThe Muinmos platform enhances regulatory compliance by incorporating traditional KYC checks, corporate data verification, and client risk assessments into a single, efficient workflow. The integration aims to accelerate the registration and verification processes and strengthen the exchange's ability to mitigate potential risks. For crypto users, this translates into quicker access to services without sacrificing security.In May, Muinmos and Blade Labs collaborated integrate client onboarding Platform of the former into the Digital Asset Platform of the latter. The partnership seeks to improve client onboarding process and address the challenges faced by compliance officers in the digital assets space.Munimos offers a client onboarding platform with AI capabilities that aim to streamline the client onboarding process, including investor classification. This offering allows enterprises and financial institutions to determine whether they can onboard clients and provide them with specific services in a given jurisdiction while ensuring continuous updates of regulations, client information, and risk profiles. This article was written by Jared Kirui at www.financemagnates.com.

Zyfi has announced the launch of its community sale for whitelisted users and public investors. Zyfi provides the best on-chain experiences, leveraging Paymaster and Intents powered by ZKsync. After successfully completing a $3 million private funding, Zyfi is now nearing its token launch event (TGE) with a final community round to allow early adopters to participate in the Zyfi token journey.Zyfi has established partnerships with several prominent platforms, including SyncSwap, PancakeSwap, and Koi Finance, to serve as their official paymaster. Zyfi helps them provide the best on-chain experiences, such as gas-free transactions and allowing users to pay gas with any token, whether using EOAs or Smart Wallets.Zyfi has already processed over 1.5M transactions for more than 200,000 users on ZKsync and has deployed its smart contracts on three other chains: Cronos zkEVM, Abstract (backed by Pudgy Penguins), and PlayFi.Powered by an API that streamlines protocol complexities, Zyfi's approach not only simplifies user experiences but also democratizes access, enabling broader on-chain engagement without the hassle of managing ETH for gas.On October 8, Zyfi revealed a checker to participate in their community sale to purchase their ZFI token. The community sale is divided into two main phases: a Whitelist Phase, offering first access to Zyfi's partners and community, followed by a Public Phase open to everyone. The Whitelist Phase presents various advantages, such as the opportunity to invest 24 hours before the public sale and receive a 10% cashback in ZK on the investment amount (e.g., $10,000 invested = $1,000 worth in ZK). The Public Phase is open to anyone who believes in Zyfi's vision of building the best on-chain experiences leveraging Paymasters and Intents, with the same terms as the Whitelist Phase but without the ZK reward.The checker is now live, allowing users to determine which sale event they can participate in, providing advantages for whitelisted users while giving everyone the opportunity to invest.The ZFI token is a utility token that can be used to pay gas fees on the Zyfi platform and Zyfi’s integration partners. Holders who choose to pay gas fees with ZFI benefit from a direct 20% discount on the total gas cost, making transactions more cost-effective. Additionally, ZFI is the only way to acquire stZFI, the governance token of the Zyfi DAO. By holding and staking ZFI tokens, users can participate in Zyfi governance, with 30% of the total supply under their control, influencing key decisions such as fee activation, reward allocation, and grant distribution. Stakers will also earn an APY in Zyfi staking points based on their staked amount.About ZyfiZyfi (https://www.zyfi.org/) is dedicated to enhancing on-chain experiences by utilizing technologies such as Paymaster and Intents. Through these innovations, Zyfi aims to streamline transaction processes and broaden accessibility for users within the digital asset space. This article was written by FM Contributors at www.financemagnates.com.

In today’s challenging financial markets, continuous education is essential to learning how to spot market opportunities. For traders striving for success, IronFX Academy is an exceptional platform for learning how to trade. It offers a wide array of resources to empower traders at every stage of their journey.Each trader’s idea of success is different and depends on their financial goals. What every trader has in common, however, is the need to learn basic, intermediate and advanced skills. These range from analysis techniques to building a strategy and placing a trade. Whether traders want to explore fundamental concepts like economic news or discover more about technical analysis, IronFX Academy is the ideal platform to expand their knowledge across a wide range of topics.Expert Instruction and Up-to-Date ContentIronFX Academy's courses are created and delivered by seasoned industry professionals with extensive trading expertise. The knowledge gained is both theoretically sound and practically applicable to real-world trading scenarios.To stay relevant in the fast-paced financial markets, the content is regularly updated to keep traders informed about the latest market trends and evolving trading landscape.Education for All TradersIronFX Academy serves a diverse audience, from novice traders starting their journey to seasoned professionals refining their strategies. The Academy's curriculum caters to every skill level, ensuring traders find relevant and valuable content.Beginner-Friendly ResourcesFor those new to trading, IronFX Academy provides a solid foundation. Beginners can access introductory courses on essential topics like trading terminology, platform navigation, and market mechanics. These resources build confidence and provide a strong starting point for aspiring traders.Advanced Content for Experienced TradersIronFX Academy offers advanced courses for intermediate and experienced traders seeking ongoing education. These resources shed light on complex topics like technical analysis, risk management, and strategy development.By engaging with this content, seasoned traders refine their approaches to the market.Course Structure and Learning FormatsThe Academy uses a combination of educational tools to cater to different learning styles. Video tutorialsThese visual learning aids offer step-by-step guidance on trading concepts and strategies. They are especially useful for visual learners who prefer seeing concepts in action. Video tutorials cover everything from platform navigation to complex technical analysis techniques.eBooksComprehensive eBooks offer in-depth coverage of trading topics, perfect for traders who prefer self-paced study. They offer detailed explanations and include charts, diagrams, and examples to reinforce learning.WebinarsLive or recorded online webinars enable traders to learn from industry experts in real-time. These interactive sessions often feature Q&A opportunities, so that traders can gain insights from experienced professionals. Webinars can cover current market trends, trading strategies, and analysis of recent market events.Written articlesRegular blog posts and articles offer concise, focused content on specific trading topics. These resources are excellent for quick reference and staying updated on market developments.This multi-format approach enables traders to engage with the material in ways that best suit their learning styles. The self-paced nature of the courses means flexible learning so traders can study at their convenience.Tailored Learning PathsEvery trader's journey is unique, so IronFX Academy offers customised learning paths. Traders can select courses and resources that align with their specific goals and current skill levels. This personalised approach assists each trader to focus on the areas most relevant to their development.Practical Application Through Simulated TradingTheory alone is not sufficient in trading education. IronFX Academy provides simulated trading environments where traders can apply their knowledge in real-time market conditions. This hands-on approach allows traders to:- Test strategies without risking their capital- Gain practical experience in changing market conditions- Build confidence before transitioning to live tradingPractising in a realistic setting is invaluable for traders of all levels, from beginners to experienced professionals testing new strategies.Complementary Trading ResourcesBeyond formal courses, IronFX Academy provides a variety of additional resources to support traders' ongoing education. Examples include an economic calendar, educational podcasts, and seminars.These resources offer insights into market updates, keeping traders informed about changes and trading opportunities.Global AccessibilityIronFX Academy's commitment to trader education extends globally, providing content in multiple languages, making its resources accessible to a global audience. Traders from diverse backgrounds can access high-quality educational materials, regardless of location.Comprehensive Glossary and Reference MaterialsTo help traders navigate the terminology of financial markets, IronFX Academy offers a comprehensive glossary. This reference guide covers essential trading terms, helping traders enhance their financial vocabulary and understand market definitions.Emphasis on Continuous DevelopmentThe financial markets are in constant flux, influenced by a myriad of global factors. IronFX Academy underlines the importance of ongoing education, encouraging traders to:- Stay informed about evolving market conditions- Continuously refine their strategies- Learn from market shifts and adapt accordinglyFor traders aiming to excel in the challenging trading markets, IronFX Academy offers premier training with expert-led education and hands-on application.Take the first step towards trading like a professional. Visit IronFX Academy’s website. This article was written by FM Contributors at www.financemagnates.com.

Traders need the best tools to make informed decisions. With interconnected markets influenced by vast amounts of data and changing sentiments, T4Trade recognises that having reliable analytical tools is the key to successful trading.For instance, consider a trader focusing on the Forex market, who uses various analytical tools to monitor economic indicators and geopolitical events that can influence currency values.Let’s say there is a sudden shift in sentiment due to an unexpected economic report showing a significant drop in unemployment rates in the U.S. The trader quickly accesses their analytical tools, which provide real-time updates and technical analysis. By leveraging reliable tools, the trader is able to act swiftly on the new data, capitalising on market movements before others even have time to react.To meet this demand for sophisticated analytical systems, T4Trade has integrated Trading Central's award-winning premium tools into its platform. Trading Central’s market intelligence now available with T4TradeTrading Central is widely recognised as a premier provider of actionable financial market research and analysis. Its expert insights deliver invaluable information to traders of all levels. By combining human expertise with advanced machine learning, it helps traders make better decisions.Within T4Trade’s platform, traders can easily access Trading Central’s technical strategies, trade setups, and market analysis. This integration streamlines the trading process, providing a one-stop solution for both analysis and order execution.Additionally, T4Trade’s game-changing integration of Trading Central opens a whole new world for traders, fueling their decision-making process with exclusive actionable insights they’re unlikely to find elsewhere. Thanks to Trading Central’s AI-powered analytics engine which continuously monitors global market data and pairs it with expert analysts’ opinions and research, traders gain access to professional technical analyses and trend signals. Comprehensive chart analysis, price movement forecasts, technical indicators, real-time market intelligence, and trading signals are the key features that traders can use to refine their strategies and trade more effectively.Other hallmark attributes of Trading Central that traders can explore right on T4Trade’s platform include:● Market Buzz: A feature that helps traders stay informed about the news that drives significant market chatter and affects their trading objectives. A multi-news update feature gathers information in one location for efficient tracking. Additionally, sentiment analysis provides actionable insights into news sentiment, supporting informed trading decisions.● MT4 Indicators: Advanced technical analysis tools that empower traders to identify market trends and anticipate price fluctuations.● Technical Views: A valuable market research solution that combines the expertise of seasoned analysts with automated algorithms to deliver clear and actionable trading insights on more than 8,000 global instruments in 32 languages, 24 hours a day, 5 days a week.● Featured Ideas: Help identify trade opportunities tailored to individual trading styles, presenting only those that are significant. This enables traders to pinpoint entry and exit opportunities, among other advantages.● Broad Market Coverage: Trading Central excels in covering a wide range of asset classes. It continuously analyses Forex, Commodities, Indices, and Stocks globally. This ensures constant market monitoring across different regions and time zones.● Real-Time Updates: Analyses are updated whenever new price levels are reached, providing traders with the latest market intelligence.● Economic Calendar: This feature offers real-time macroeconomic data, allowing traders to monitor and act on potentially market-moving events. Traders can access economic events for 38 countries, complete with historical performance data over the last five years. T4Trade clients can use these insights to identify opportunities more accurately. Beyond the undeniable technological capabilities that T4Trade offers traders through the latest integration, the broker further enhances the trading experience by providing customisable alerts based on Trading Central's analysis. This allows traders to set alerts for specific instruments or market conditions, ensuring they stay informed about important opportunities.Additionally, T4Trade offers access to a wealth of Trading Central-powered educational resources through its platform. These materials serve traders of all levels, helping them understand market dynamics, interpret technical signals, and develop effective strategies. By using these resources, traders can continuously improve their skills and adapt to changing market conditions.Commitment to Traders’ SuccessBy integrating Trading Central's advanced analytical tools, T4Trade shows its commitment to creating a professional trading environment that fosters better outcomes. The combination of T4Trade's user-friendly platform and Trading Central's sophisticated analysis tools creates a powerful ecosystem for traders. Access to institutional-grade market intelligence supports the development of confident trading strategies.The integration between T4Trade and Trading Central is a significant advancement for traders seeking top-tier analytics to support their strategies. This collaboration provides essential tools and insights needed to thrive in today’s challenging financial markets. By merging technology with expertise, T4Trade enhances its platform's analytics, enabling traders to make more informed decisions and increase their chances of successful trades.Access Trading Central’s expert insights on T4Trade’s website. This article was written by FM Contributors at www.financemagnates.com.

France's Financial Markets Authority (AMF) has expanded its blacklist of unauthorized cryptocurrency service providers, adding 25 new websites to its watchlist since June 11. The move comes as part of the regulator's ongoing efforts to protect investors from potentially fraudulent digital asset schemes.French Financial Watchdog Expands Crypto Blacklist, Warns InvestorsThe AMF, which oversees France's financial markets, regularly updates its list of websites illegally offering digital asset services and fundraising through initial coin offerings (ICOs) in the country. The latest additions bring the total number of blacklisted crypto-related sites to over 100.Among the newly identified unauthorized platforms are: amzingnewdl.top, ascendex.com, bitcoineprex.ai, bitsacard.com, btceprex360.com, cryptoinnovatebot.net, cryptotrader.app, fin-maga.com, infosplacements.fr, immediate-genesis.com, immediateavita.com, immediatedexair.net, immediateproair.app, immediateproair.com, immediateproair.net, paulwchow.com, quantumbumex.co, quantumbumex.com, sandiegobraincare.com, smartinvestsas.com, tradeduac100.com, tradeduac.com, tradeduacai.com, tradeneupro100.com, and veltrix-ai.com.The AMF warns that these sites are not registered to provide digital asset services in France. The regulator also emphasizes that its blacklist, while regularly updated, cannot be exhaustive due to the rapid emergence of new unauthorized actors in the crypto market. Investors are advised to consult the AMF's website for the most current information on both unauthorized and authorized digital asset service providers.In addition to the blacklist, the AMF maintains a whitelist of registered digital asset service providers authorized to operate in France. However, the AMF cautions that even approved crypto projects remain high-risk investments by nature. In the first half of 2024, the French market watchdog blacklisted 24 FX and 26 crypto trading platforms. Crypto-Asset Service Provider Applications Ahead of MiCAThe European Union is set to implement new regulations for crypto-asset service providers starting December 30, 2024. This legislation, known as the Markets in Crypto-Assets (MiCA) Regulation, will require all entities offering crypto-related services within the EU to obtain official authorization before operating.In France, the AMF has begun accepting applications for this authorization as of August 2024. The new MiCA framework will supersede France's current PACTE regime for newcomers to the market from December 30, 2024.Existing service providers operating under France's current regulatory system, which includes “simple” or “enhanced” registrations and optional Digital Asset Service Provider (DASP) authorizations, will have an extended period until June 30, 2026, to secure MiCA authorization. This grace period allows these entities to continue their operations until July 1, 2026.It's important to note that during this transition phase, providers with existing French registrations or authorizations will not have access to the European passport system. Consequently, they will need to ensure compliance with individual Member State regulations when offering services outside of France during this interim period. This article was written by Damian Chmiel at www.financemagnates.com.