Leading investment trading firm EC Markets is delighted to announce its global expansion and unveil a comprehensive rebranding initiative in celebration of its 12th anniversary. Currently ranked among the top five CFD broker companies in China, EC Markets has established a strong reputation in the foreign exchange market over the past years.EC Markets is undergoing a thorough transformation to better reflect its enduring commitment to innovation and excellence. This includes the redesign of the company’s logo, aimed at symbolizing EC Markets' progressive mindset and dedication to providing cutting-edge trading solutions. The revamped logo signifies the company's evolution and its focus on meeting the demands of the contemporary trading environment.A New Chapter for EC Markets: Global Expansion and RebrandingIn line with its growth strategy, EC Markets is proud to announce the opening of new offices in Limassol and Dubai. These strategic locations have been chosen to enhance the company's global presence and provide tailored support to its expanding international clientele. This expansion complements the firm's London headquarters and reinforces EC Markets' position as a global leader in CFD trading."Celebrating 12 years of our license in the investment industry is a significant milestone for us," stated Matthew Smith, CEO of EC Markets. "Our success is attributed to the dedication of our team and the trust of our clients. The rebranding and international expansion reflect our ongoing commitment to quality and innovation."EC Markets offers traders superior trading platforms and extensive market expertise. The firm operates under multiple regulatory licenses, including the Financial Conduct Authority (FCA) FRN: 571881, Australian Securities and Investments Commission (ASIC) FRN: 414198, Financial Markets Authority (FMA) FRN: 197465, Financial Services Authority Seychelles (FSA) FRN: SD009, and Financial Services Commission Mauritius (FSC) FRN: GB2100130As EC Markets embarks on this exciting new chapter, the firm remains dedicated to delivering top-tier trading platforms, exceptional customer support, and comprehensive educational resources. The objectives of the expansion and rebranding efforts are to enhance the overall customer experience and position EC Markets for sustained success in the global financial trading industry.For more information about EC Markets and its services, visit www.ecmarkets.com This article was written by FM Contributors at www.financemagnates.com.

Choosing the right trading account is crucial for achieving your investment goals. With several options available, each catering to different needs and strategies, it's essential to understand their features, benefits, and drawbacks. In this article, we'll compare the main types of trading accounts to help you decide which one is best for you.Types of Trading AccountsBefore discussing the specifics, let's briefly introduce the main types of trading accounts. Each type serves a unique purpose and is suitable for different levels of experience and investment goals.Cash AccountsCash accounts are the most straightforward type of trading account. They require investors to pay for securities in full at the time of purchase. This means you can't use leverage to increase your buying power. For beginners or conservative investors, cash accounts are often the best choice because they carry less risk compared to margin accounts.For example, if you want to buy $1,000 worth of stock, you need to have $1,000 in your account. There's no borrowing involved, which eliminates the risk of margin calls. However, the downside is that your buying power is limited to the amount of cash you have available.Margin AccountsMargin accounts allow investors to borrow money from their broker to purchase securities. This can amplify both gains and losses, making them suitable for more experienced traders who understand the risks involved. With a margin account, you might only need $500 to buy $1,000 worth of stock, borrowing the remaining $500 from your broker.The main benefit of a margin account is increased buying power. This can be particularly advantageous in a bullish market where stock prices are rising. However, the risk of margin calls and higher interest costs can be significant drawbacks. If the value of your investments falls, you might be required to deposit more funds or sell assets to cover the margin loan.Specialized Trading AccountsIn addition to cash and margin accounts, there are specialized trading accounts that cater to specific needs.These accounts offer unique features that might be beneficial depending on your trading strategy and goals.Options AccountsOptions accounts allow investors to trade options contracts, which can be used for hedging, income generation, or speculation. These accounts often require broker approval and come with varying levels of trading permissions based on the investor's experience and financial situation.Options trading can be highly profitable, but it also carries a high level of risk. Selling naked options can lead to unlimited losses while buying options can result in the loss of the entire premium paid.Retirement AccountsRetirement accounts, such as Individual Retirement Accounts (IRAs), provide tax advantages for long-term investors. These accounts can be either traditional or Roth, with each type offering different tax benefits. Trading within a retirement account can be a good strategy for building wealth over time while minimizing tax liabilities.For example, contributions to a traditional IRA may be tax deductible, and taxes on earnings are deferred until withdrawal. In contrast, Roth IRAs are funded with after-tax dollars, but qualified withdrawals are tax-free.Comparing Account FeaturesUnderstanding the specific features of each type of trading account can help you make an informed decision. Below is a table to compare trading account options that summarize the key differences between cash, margin, options, and retirement accounts.Choosing the Right Account for YouNow that we've outlined the main types of trading accounts and their features, the next step is to determine which one is right for you. When making this decision, consider your investment goals, risk tolerance, and level of experience.For BeginnersIf you're new to trading, a cash account or a retirement account is typically the best place to start. These accounts offer simplicity and lower risk, making them ideal for learning the basics of investing without the added complexity of leverage or options trading.For Experienced TradersFor those with more experience and a higher risk tolerance, margin and options accounts provide opportunities for increased profits. However, it's crucial to understand the risks involved and have a solid risk management strategy in place. Leveraging these accounts can lead to significant gains but also substantial losses.For Long-Term InvestorsIf your focus is on long-term growth and tax efficiency, a retirement account is likely the best choice. The tax advantages offered by IRAs can help you build wealth more effectively over time.ConclusionChoosing the right trading account depends on your individual needs, goals, and risk tolerance. Cash accounts offer simplicity and low risk, making them ideal for beginners. Margin accounts provide increased buying power but come with higher risk, suitable for more experienced traders. Options accounts allow for complex trading strategies but require a deep understanding of the market. Finally, retirement accounts offer tax benefits for long-term investors. Carefully consider these factors to select the account that aligns best with your investment strategy. This article was written by FM Contributors at www.financemagnates.com.

“The risk is incredibly hard to manage in the prop trading industry,” James Glyde, founder and CEO of PipFarm, told Finance Magnates while speaking on the sidelines of iFX EXPO International 2024, adding that it is because “it's assumed the traders will lose.”“The Mechanics Are Different”Although the prop trading industry emerged from the contracts for differences (CFDs) industry, there are differences between the two in terms of risk management, as Glyde pointed out: “In the CFD industry, we have a ton of data that says that most traders will lose in the long run. But in the prop trading industry, it's like a micro-trading session.”“The mechanics of prop trading are completely different from a CFDs broker where you have a deposit and margin,” he continued, “you can either use that to transfer the risk to the liquidity provider, or you can accept the risk. So the mechanics are completely different, making the risk similar yet different.”Glyde, interestingly, has experience in both prop trading and CFDs. He launched PipFarm in early 2024 after spending about a year as the Chief Operating Officer at the Swedish prop trading firm Nordic Funder. He entered the retail trading industry in late 2010 as an Institutional Sales Manager at TopFX and later moved to Spotware Systems, the developer of cTrader, as the Chief Commercial Officer, a role he held for six years.“The business is young, but it's growing,” he said, mentioning his prop trading firm. “We're building the community; it's growing every day, and you know traders are flocking to us because we're offering something a little bit different.”“We Decided to Look for Another Way”Interestingly, PipFarm's offerings are also a bit different from those of other prop trading firms in the industry. It has taken an approach to managing risk through gamification, which is reflected in the sale of its add-on services.“Most prop firms sell add-ons to their challenges, so you can buy your way into extra risk,” said Glyde. “The problem is you welcome the trader with almost no track record with you, and you're giving them access to the riskiest variation of your product.”“We decided to look for another way,” he added. “Our approach is that when a trader sponsors a challenge and reaches some kind of milestone… we credit them with some experience points. When they accumulate these experience points, they earn a rank, they get promoted, and with each rank, they unlock more desirable features, like higher leverage and faster payouts.”“We build this track record with the trader rather than just letting them buy their way into risk.”Explaining the revenue structure, Glyde revealed that the “majority of PipFarm’s revenue does come from collecting fees.”“At the moment, we don't have the largest book in the world,” he admitted, adding that “at the moment the risk has to be managed manually.” He further continued, “The priority is to transfer risk rather than to just profit from the market. So, to make the trading initiatives profitable, a larger book of clients is required.”“Clearly, Something Is Needed”Responding to the potential regulations on prop trading firms, he said: “I'm not opposed to regulation, but I'm also not necessarily for it,” continuing that “it always depends on the shape and the size.”Finance Magnates exclusively reported earlier that the European Securities and Markets Authority (ESMA) ran an initial check on prop trading firms and discussed possible regulations in the industry. Further, the Czech National Bank commented that some prop firms “may be subject to MiFID.”“Clearly, something is needed,” according to Glyde. “As a prop firm, there are two laws you need to follow: data protection laws and fair trading standards. However, there have been multiple cases when these basics were not followed.” This article was written by Yam Yehoshua at www.financemagnates.com.

Equinix, Inc. (Nasdaq: EQIX) reported robust second-quarter results on Wednesday, marking another consecutive quarter of revenue growth as demand for digital infrastructure and AI-related services continues to surge.Equinix Rides AI Wave to Record-Breaking QuarterThe global data center operator saw revenues climb 7% year-over-year (YoY) to $2.16 billion, slightly exceeding analyst expectations. Net income jumped 45% to $301 million, while adjusted EBITDA surpassed $1 billion for the first time, reaching $1.036 billion.Equinix plays a significant role in the FX/CFDs trading industry, primarily through its provision of critical infrastructure and connectivity services. "Our strong performance reinforces our belief that we are uniquely positioned to support our customers and partners in their business transformation agendas,” Equinix CEO Adaire Fox-Martin stated, highlighting the company's record gross bookings for the quarter. Fox-Martin's appointment as president was announced in March when the current CEO, Charles Meyers, transitioned to the role of Executive Chairman.The company's interconnection business also showed strong growth, with revenues up 8% YoY and the addition of 3,900 new interconnections in Q2. Equinix now hosts over 472,000 interconnections on its global platform.Looking ahead, Equinix raised its full-year 2024 guidance. The company now expects revenues between $8.692 billion and $8.772 billion, representing 6-7% growth over 2023. Adjusted EBITDA is projected to range from $4.066 billion to $4.126 billion, with an AFFO per share forecast of $34.67 to $35.30.A few months back, Equinix announced the appointment of Merrie Williamson as the Chief Customer and Revenue Officer (CCRO). Williamson, who brings extensive experience from her tenure at major tech firms such as Microsoft and Intel, is well-versed in revenue enhancement strategies. Her leadership role at these companies, spanning more than twenty years, equipped her with a deep understanding of the tech industry, which she now brings to her new position at Equinix.The AI PushThe company is aggressively expanding its global footprint to meet growing AI demand, with 54 major projects currently underway across 36 markets in 24 countries. This includes 15 xScale projects aimed at hyperscale customers, which are seeing increased interest due to AI and cloud initiatives.“As a key enabler of AI and cloud innovations on a global scale, we are excited about the opportunities that lie ahead.”Equinix recently announced plans to enter the Philippines market through a $180 million acquisition of three data centers, furthering its push into the fast-growing Southeast Asian region. The deal is expected to close in Q4 2024.The company's xScale portfolio, which caters to hyperscale infrastructure needs, is experiencing substantial demand growth. Equinix leased an additional 17 megawatts of capacity in Silicon Valley and Paris since its last earnings call, bringing total xScale leasing to 365 megawatts globally.In a move to capture larger AI and hyperscale workloads in the US, Equinix acquired a 200-acre land parcel in Atlanta for its first multi-hundred-megawatt xScale campus in the area. This article was written by Damian Chmiel at www.financemagnates.com.

Compagnie Financière Tradition (CFT), a global interdealer broker based in Switzerland, announced today (Thursday) an increase in revenue to CHF 577.0 million for the first half of 2024, driven by strong performance across all regions and most asset classes.Compagnie Financière Tradition Reports Revenue Growth in Q2 and H1 2024The Swiss-based company reported adjusted revenue, including joint ventures, of CHF 577.0 million for the six months ended June 30, up from CHF 552.4 million in the same period last year. The company's core interdealer broking (IDB) business led the growth, with revenue increasing 9.4% at constant exchange rates to CHF 560.3 million. The retail investors segment (Non-IDB) also showed improvement, growing 4.9% to CHF 16.7 million.However, reported revenue figures were impacted by currency fluctuations, particularly the strengthening of the Swiss franc against the Japanese yen. As a result, reported revenue under IFRS standards increased by 4.6% to CHF 537.1 million."Consolidated revenue continued to be impacted by a currency effect compared to the first semester of 2023 due to the strengthening of the Swiss franc, notably against the Japanese yen," the company commented.The second quarter also saw robust growth, with revenue surging 14.4% to CHF293.2 million. The IDB segment posted a 14.7% increase, while the Non-IDB business grew by 7.0%.For comparison, CFT generated revenue of CHF 265.6 million between January and March. Including contributions from a joint venture, the group's quarterly revenue increased to CHF 283.8 million, down slightly from CHF 290.5 million in the same period the previous year.Compagnie Financière Tradition, which employs over 2,400 people in more than 30 countries, provides broking and data services for a wide range of financial and non-financial products. The company is listed on the SIX Swiss Exchange.Continued Growth into 2024 Following a Strong 2023The positive performance this year follows impressive results from the previous year. According to the CFT report from March, the company concluded 2023 with a pre-tax profit of CHF 127.2 million, an increase of 16.1 percent, against its annual IFRS revenue of CHF 982.4 million. The net profit was reported at CHF 94.4 million, up by 15.9 percent.Official data further indicates that the IFRS operating profit reached CHF 105.5 million, marking a 19.7 percent rise from the prior year, with the operating margin improving to 10.7 percent from 9.9 percent. Revenue from joint ventures surpassed CHF 1.05 billion, reflecting a 9.5 percent growth year-over-year. Operating profit rose by 17.1 percent to CHF 127.7 million, while the operating margin increased to 12.1 percent from 11.4 percent the year before.Meanwhile, the Swiss interdealer broker and operator of a Japanese retail forex platform has bolstered its executive team by naming Michel Everaert as the Global Head of E-Commerce and Digitalization. In his new capacity, Everaert spearheads the company's digital strategies and fast-track its integration of high-tech solutions in a customer-centric approach. This article was written by Damian Chmiel at www.financemagnates.com.

BitGo, a provider of digital asset infrastructure solutions, has secured the Major Payment Institution Licence from the Monetary Authority of Singapore (MAS). This licence follows an in-principle approval granted several months ago. Singapore's clear and structured regulatory environment supports BitGo's aim to provide regulated and secure digital asset services in the region.Expanding Regulated Custody SolutionsWith this licence, BitGo can now offer regulated digital payment token services in Singapore. Clients will be able to buy and sell digital assets using BitGo's insured cold storage custody solution, which is housed in a Class III vault. The service includes access to deep liquidity and a platform for trading and custody.Mike Belshe, CEO of BitGo said: "Singapore is a leading financial centre in Asia. With this licence, we can meet the rising demands of clients with a diverse set of needs from fully regulated custody and trade to self-custody wallets. BitGo is the only company in the region offering the full set of services."BitGo is pleased to announce that we have obtained the Major Payment Institution Licence from the Monetary Authority of Singapore.We are committed to meeting the rising demands of client needs in Asia through regulated digital payment token services. This includes our… pic.twitter.com/4DAgKvLVVD— BitGo (@BitGo) August 8, 2024Enhancing Regional OperationsBitGo, with over a decade of experience, provides custody and financial solutions globally. This licence strengthens BitGo's presence in Asia and supports the growth and development of digital asset services in the region.Youngro Lee, CEO of BitGo Singapore and Head of BitGo Asia commented: "This licence marks a new era for BitGo's international operations, enabling us to deliver unparalleled digital asset solutions to our clients in Asia and beyond. We look forward to working with MAS closely in the journey ahead." This article was written by Tareq Sikder at www.financemagnates.com.

TP ICAP Group Plc, the world's largest inter-dealer broker, is considering a potential listing of its Parameta Solutions data unit in New York rather than London, signaling a potential setback for the UK capital markets.TP ICAP Mulls New York Listing for Data Unit, Bypassing LondonThe company, which connects clients in wholesale financial markets, cited better liquidity and a more robust ecosystem of specialist investors and analysts in the US as key factors influencing this decision. TP ICAP also noted that 95% of Parameta's revenue is dollar-denominated, making a Wall Street. listing more reflective of the unit's business operations.Parameta Solutions, which provides over-the-counter financial data and analytics to institutional clients, generated £97 million in revenue and £39 million in adjusted earnings before interest and tax in the first half of 2024. This represents approximately 8% of TP ICAP's total revenue.While the potential US listing is under consideration, TP ICAP CEO Nicolas Breteau emphasized that no final decision has been made. "There is, of course, no certainty about either a public offering or its location. We will update on progress, as and when appropriate."Strong Financial ResultsThe news comes as TP ICAP reported strong financial results for the first half of 2024. The company saw a 32% surge in pretax profit to £120 million, while revenue edged up to £1.14 billion. The firm also announced a £30 million share buyback program and maintained its interim dividend at 4.8 pence per share.“Our focus on diversification is paying off,” Breteau commented on the results. “Group revenue increased by 3% in constant currency, building on last year's strong performance. We delivered record H1 profits with adjusted EBIT up 9%.”The E&C division of the company experienced an 8% rise in revenue. Meanwhile, the Global Broking segment continued to hold its position as a market leader, even though its revenues remained unchanged from the previous year.TP ICAP's operations also include Liquidnet, a private trading operator that became part of the Group following an acquisition over three years ago. For Liquidnet, revenues grew by 8%, thanks to an increasing market share in the US and EMEA.London Loses IPO Battle to New YorkTP ICAP's consideration of a New York listing for Parameta adds to the ongoing debate about London's competitiveness as a global financial center. As the TP ICAP spokesperson commented for Bloomberg, the United States has a "large financial data sector, with an ecosystem of specialist investors and analysts, who have a deep understanding of the industry."Even London’s biggest inter-dealer broker is looking to the US as it considers an initial public offering of a lucrative data business, the latest sign that the City is struggling to compete with New York for equity capital markets activity https://t.co/FnenIn9FMo— Bloomberg UK (@BloombergUK) August 7, 2024As a result, the company joins a growing number of British entities opting for listings outside the country, favoring the United States. An example is Marex Group, which announced in March its intention to debut on Nasdaq under the ticker "MRX". In 2023, the US completely dominated the IPO market, while activity in London fell by 36% during the same period. In the record year of 2021, IPOs raised $20 billion, but the values have seen a significant decline over the past two years. Last year, the UK’s IPO market did not even exceed the value of $1 billion.Despite these challenges, TP ICAP confirmed it has no plans to change the group's primary listing, which remains in London. The company's shares responded positively to the news, rising 7.8% to 227.5 pence during Wednesday's London trading. This article was written by Damian Chmiel at www.financemagnates.com.

Michael McCarthy has announced on LinkedIn that he has joined Moomoo AU as its Chief Commercial Officer. McCarthy will lead the company's strategic planning, market growth, and customer engagement efforts across Australia.New CCO at MoomooMoomoo uses artificial intelligence to offer an investing platform for both beginners and experienced traders. It provides real-time data and a range of analytic tools to assist with sharemarket navigation.“Moomoo’s innovative platform and dedication to customer success resonate with my own commitment to advancing financial literacy and market understanding,” McCarthy said.“I look forward to working with the talented team at Moomoo to drive growth and deliver exceptional value to our clients in Australia.”Meanwhile, Moomoo has launched its online brokerage service in Japan as of September 19, 2023, offering access to 7,000 US stocks and ETFs, as reported by Finance Magnates. The platform provides advanced tools like Capital Flow Overview and Institutional Tracker and features 24-hour trading for 301 US stocks and ETFs. This move aligns with Japan's shift from traditional to digital trading, where electronic FX trading makes up 60% of the market, compared to 76% in other regions. Moomoo debuted in Japan in October 2022.Experience across FirmsPreviously, McCarthy worked as a part-time Trader/Director at Number13Black from August 2022 to June 2024 in Sydney, New South Wales. Before that, he served as Chief Strategy Officer at Tiger Brokers Australia from September 2021 to August 2022, also in Sydney.McCarthy's earlier role was as Chief Market Strategist at CMC Markets APAC, where he worked from February 2011 to May 2021. In this position, he focused on markets and trading strategy as well as media commentary. Additionally, McCarthy has experience as a Guest Lecturer on trading and markets at Macquarie University.Biyi Cheng, Head of Moomoo Australia, said McCarthy’s skill in spotting market opportunities will help advance Moomoo’s goal of providing innovative trading solutions to Australian investors.“McCarthy’s dedication to investor education aligns perfectly with Moomoo’s commitment to empowering traders through knowledge,” Cheng said. “His strategic insights and leadership have consistently delivered exceptional results, making him the ideal choice to helm Moomoo’s local operations.” This article was written by Tareq Sikder at www.financemagnates.com.

Robinhood Markets (NASDAQ: HOOD) reported record-breaking second-quarter results on Wednesday, with total net revenues soaring to $682 million. The company's performance was boosted by significant growth in transaction-based revenues and a surge in its premium subscription service.Robinhood Posts Record Q2 NumbersThe financial technology firm, known for its commission-free trading platform, saw its net income climb to $188 million, translating to diluted earnings per share of $0.21. This marks a substantial increase from the $25 million, or $0.03 per share, reported in the same quarter last year.In Q2 2024, Robinhood $HOOD earned $285 million in net interest income. $134 million came from interest on cash and deposits* earning 5.25%. Interest rate cuts will be a meaningful headwind for the company.* Includes cash and cash equivalents, cash, cash equivalent, and… pic.twitter.com/tMlmEoXUja— Jevgenijs Kazanins (@jevgenijs) August 7, 2024Net profit increased by 652% compared to the $25 million reported in the same period last year and by 20% compared to the $157 million from the first quarter of this year.“I’m encouraged by the progress we’re making as a business,” said Jason Warnick, Chief Financial Officer of Robinhood. “In Q2, we set new quarterly records for revenues and earnings per share as we continue to focus on delivering another year of profitable growth.”Robinhood's transaction-based revenues, which include income from options, cryptocurrencies, and equities trading, jumped 69% year-over-year (YoY) to $327 million. Options trading continued to be a key driver, with revenues in this segment increasing 43% to $182 million. Cryptocurrency trading revenues more than doubled, surging 161% to $81 million."This quarter, we kept up the pace with rapid product launches and a relentless drive to provide top value for our customers," said Vlad Tenev, CEO and Co-Founder of Robinhood.Earlier this week, Robinhood announced the appointment of David Schwed as the Chief Information Security Officer for its Brokerage division. Previously, Schwed served as the Chief Operating Officer and subsequently as an Advisor at Halborn, a cybersecurity company. Gold Surpasses 2 MillionThe company's premium subscription service, Robinhood Gold, reached a milestone of 2 million subscribers, representing an increase of 750,000 or 61% YoY. This growth in Gold subscribers has contributed to the company's other revenues, which rose 19% to $70 million."With Robinhood Gold reaching 2 million subscribers, we're witnessing the flywheel accelerate,” added Tenev.Robinhood's assets under custody (AUC) also grew 57% YoY to $139.7 billion, driven by net deposits and higher equity and cryptocurrency valuations. The company reported net deposits of $13.2 billion for the quarter, representing an annualized growth rate of 41% relative to AUC at the end of Q1 2024.The company also highlighted its recent strategic moves, including the planned acquisition of Bitstamp, Ltd., a globally-scaled crypto exchange, and the purchase of Pluto Capital Inc., an AI-powered investment research platform. Looking ahead, Robinhood maintained its full-year 2024 expense outlook, projecting GAAP total operating expenses and Non-GAAP combined Adjusted Operating Expenses and Share-Based Compensation to range between $1.85 billion to $1.95 billion.Concurrently, the firm launched joint investment accounts that allow multiple users to handle investments collaboratively. This new feature allows families and partners to combine their assets into one account, thereby improving their investment approaches. This article was written by Damian Chmiel at www.financemagnates.com.

On Wednesday (yesterday), District Judge Analisa Torres of the Southern District of New York ordered Ripple to pay $125 million in civil penalties and imposed an injunction against future violations of securities laws. This decision follows a finding that Ripple’s 1,278 institutional sale transactions breached securities regulations.Judge Reduces SEC PenaltyThe fine of $125.035 million is significantly lower than the $1 billion in disgorgement and prejudgment interest and the $900 million in civil penalties sought by the SEC. This decision follows Judge Torres' July 2023 ruling, which determined that Ripple's direct sales of XRP to institutional clients violated federal securities laws. However, she found that Ripple’s programmatic sales of XRP to retail clients through exchanges did not constitute a violation.IT'S OVER! The SEC v Ripple case has been quite a journey - thanks for sharing it with me.$125 Million penalty and a GENERIC injunction Order.This is a BIG win for Ripple, no doubt about it. Have a Wonderful Day! https://t.co/hCZZYsMl7E pic.twitter.com/7uuuwsx0Dw— Jeremy Hogan (@attorneyjeremy1) August 7, 2024SEC Likely to AppealThe SEC had attempted to appeal the ruling concerning retail sales while the case was ongoing but was unsuccessful. On Wednesday, Judge Torres also issued an injunction prohibiting Ripple from future violations of securities laws. The judge noted that while Ripple has not been found to have violated laws since the SEC filed the lawsuit, there is a concern that Ripple might "cross the line" with its "on demand liquidity" offerings.The injunction mandates that Ripple must file a registration statement if it intends to sell any securities. The SEC is expected to appeal the July 2023 ruling now that the judge has imposed penalties, after previously being denied an interlocutory appeal. Following the judgment, XRP’s price increased by 3 cents, or approximately 2%. This article was written by Tareq Sikder at www.financemagnates.com.

CFI Financial Group has extended trading hours for its investors by introducing pre and post-market trading on US-listed shares. According to the company, this feature allows traders to access the market outside of regular trading hours and promises a significant advantage in reacting to market-moving news and earnings reports.Extended Trading HoursCFI Financial’s new feature enables clients to trade during pre-market hours from 8:00 AM to 9:30 AM ET and post-market hours from 4:00 PM to 4:59 PM ET. This extension reportedly caters to traders looking to capitalize on unique opportunities that arise before and after the market opens.According to the company, pre and post-market trading offer several advantages, among them: extended access. This offering enables traders to access the US markets before they open and after they close.The new feature also enables users to promptly react to news and earnings reports outside regular trading hours. Additionally, the company cited the added benefits of incorporating after-hours trading into their strategies, enhancing their ability to manage positions and risk.Trading Times on the CFI PlatformPre-market: 8:00 AM—9:30 AM ET (3:00 PM—4:30 PM CFI platform time). Post-market: 4:00 PM—4:59 PM ET (11:00 PM—11:59 PM CFI platform time). This new feature is designed to offer traders increased flexibility and more opportunities to engage with the market on their own schedules.This week, CFI entered the Azerbaijani market with the acquisition of AzFinance İnveŞtisiya Şirkəti. Following this transaction, the rebranding of AzFinance to CFI is planned for later this year and is expected to create opportunities for users in the region.AzFinance will reportedly be rebranded to reflect the new identity under the CFI Group. These changes, planned for Q4 2024, also include adding AzFinance's offerings to CFI's trading platform. The company aims to offer clients a wider range of financial products, including equities, commodities, and currencies.Elsewhere, CFI Group joined TradingView as an integrated broker. This integration enables users to trade by accessing the available brokers on TradingView and linking to brokerage accounts.The partnership happened amid the group's remarkable financial growth. During the first quarter of 2024, the firm posted a 24% surge in trading volume compared to the previous period of 2023, reaching a high of $557 billion. This article was written by Jared Kirui at www.financemagnates.com.

StoneX's London-based subsidiary, StoneX Financial Ltd, has extended its partnership with the UK rugby club Saracens, introducing new and exciting elements to the agreement that spans the entire club. This partnership promises significant changes, including a new look for the team's jerseys and enhanced community engagement.Front-of-Shirt BrandingFrom the 2024/25 season, the StoneX logo will replace City Index on the front of Saracens' men's and women's team shirts, marking a new chapter in their ongoing partnership, the company announced today. StoneX, an institutional-grade financial services network, has been a key partner for Saracens since 2020, including league titles for both the men's and women's first teams.StoneX's involvement with Saracens goes beyond traditional sponsorship. They are deeply integrated into the Saracens community, supporting the Saracens Foundation and providing work experience opportunities for students at Saracens High School. Commenting about the renewed deal, Philip Smith, the CEO of StoneX Financial Ltd, expressed his enthusiasm for the renewed partnership: “As we celebrate our centenary this year, I am delighted to announce a long-term partnership with Saracens. The club and StoneX are driven by a relentless commitment to achieving excellence, shared values, and a unified vision for the future.”Fans can expect to see the newly branded StoneX Stadium ready for the September kick-off. The financial service firm has welcomed the extended partnership, describing it as a testament to the success and upward trajectory of both organizations.Long-term PartnershipThe StoneX-Saracens partnership showcases how strategic collaborations can transcend traditional boundaries, driving both sports and business communities toward shared success.In June, StoneX announced that it had executed and cleared the initial trade on the inaugural trading day of Abaxx Commodity Futures Exchange and Clearinghouse. This step enabled clients to access physically deliverable futures contracts for LNG and Carbon, with plans to include Nickel Sulphate contracts. The launch sought to strengthen market price discovery and improve risk management tools for these essential commodities. Earlier, StoneX released its financial report from January to March, highlighting $80.3 million in revenue. This represented a 30% increase from forex and CFDs.Despite the FX and CFDs revenue jump, there was a drop in the average daily volume (ADV). The ADV for FX and CFDs contracts for the three months dropped 23% to about $10.5 billion. This article was written by Jared Kirui at www.financemagnates.com.

HTX Ventures, the investment arm of the global crypto exchange HTX, has outlined its key investment directions for the first half of 2024. According to the company, the first half of 2024 has been a period of significant innovation and growth in the cryptocurrency market. The company made 23 investments in the first half of 2024, focusing on DeFi, Bitcoin, and AI, among others. Market Dynamics and Influences The cryptocurrency market witnessed substantial growth in early 2024. The approval of Bitcoin and ETH ETFs by the U.S. Securities and Exchange Commission has brought cryptocurrencies into the ETF era, injecting significant liquidity and stabilizing prices. Commenting about the report, Edward, the Managing Partner at HTX Ventures, said, “We remain optimistic despite the market slowdown and will continue to support front-end development. A positive innovation flywheel, inspired by successful business models, is fostering long-term innovations within the ecosystem.”?✨HTX Ventures Releases 2024 Half-Year Portfolio Update!Our latest report outlines:-Current Market outlook-Commentary on the Aug 5th global selloff?-Key investments-6⃣investment directions for the second half of 2024Dive in for all the details⤵️:https://t.co/cBch5pbOdr— HTX Ventures (@Ventures_HTX) August 7, 2024However, this also introduced the potential for increased regulation and artificial volatility. The Federal Reserve's interest rate policies continue to influence the market's liquidity and volatility, directly affecting cryptocurrencies like Bitcoin.The exchange highlighted the global market selloff on August 5th, triggered by Japan's interest rate hike, poor US corporate earnings, and unfavorable unemployment data, highlighting the market's sensitivity to economic indicators. Despite the pessimism, HTX Ventures has advised investors to avoid rash decisions, consider high-quality business models, stay moderate with leverage, and continuously update their economic understanding.Focused Investment DirectionsHTX Ventures reportedly made 23 investments in the first half of 2024, focusing on infrastructure, DeFi, the Bitcoin ecosystem, AI, DePIN, and SocialFi. The firm is particularly impressed by the increasing talent in the Web3 builder community, as experienced Web3 developers collaborate with Web2 professionals to address real user needs.HTX Ventures is optimistic about the latter half of 2024, focusing on six main tracks: BTCFi, Multichain Future Infrastructure, User Experience Enhancement, Application Infrastructure Projects, New SocialFi and Community Applications, and DePIN. The firm aims to identify and support innovative technologies and new business models, expanding the scope of Web3 and building a more user-friendly ecosystem. This article was written by Jared Kirui at www.financemagnates.com.

In just a few short weeks the doors of the Finance Magnates Pacific Summit (FMPS) will swing open, ushering in two full days of exhibition, entertainment, and content. Held on August 27-29 in Sydney, Australia, FMPS is shaping up as a can’t miss event, catering extensively to retail traders and investors alike.As one of the biggest events in Asia-Pacific (APAC) this year, FMPS will have something for everyone, with a curated content track dedicated to retail investing. This includes no shortage of panels, workshops, and sessions, all delivered by experts, top trading talent, and educators.There is plenty to unpack at FMPS, starting with the live full-length agenda that is live and available for viewing. Prospective attendees are encouraged to familiarize themselves with what’s in store this August and learn from some of the industry’s finest.As a quick reminder, it is not too late to reserve your seat online for FMPS. Make sure to skip the queues on-site this August in Sydney and register today for the biggest event of the year in APAC!Take Your Trading to the Next Level at FMPSThere are plenty of sessions that are sure to move the needle with traders and investors, by far the largest demographic expected to attend FMPS. Together with plenty of leading brokers, brands, and more, this summit will provide a wide range of networking and face-to-face engagement opportunities.One session of note will be, H2 2024 Outlook: Enhance Your Trading Game Facing Market Uncertainty, taking place on August 28, 11:00-11:20 at the Exchange Zone. The session will be run by Chris Weston, Head of Research at PepperstoneLook for this informative workshop to take a deep dive into the latest market trends, effective risk management strategies, and adaptive trading techniques. Mr. Weston is ideally suited to deliver the latest trading insights. As Pepperstone’s Head of Research, he holds over 24 years of experience in the industry and is a respected financial services expert. He has supported both retail and institutional clients at IG, Merrill Lynch, Credit Suisse, and Morgan Stanley, covering research as well as sales and trading roles. His extensive exposure to the FX, equities, and fixed-income markets puts him in a unique position to provide inspiring insights, research, ideas, and risk-management strategies that support every step of your trading journey. Based in Australia, he is a well-known global media figure, regularly appearing on Bloomberg, Bloomberg Arabia, Channel News Asia, and Sky News Business.This is one session to circle on your calendar this August. See you in Sydney later this month! This article was written by Jeff Patterson at www.financemagnates.com.

The UK's Financial Conduct Authority (FCA) has intensified its crackdown on crypto firms, issuing over 1,000 warnings and removing 48 apps from UK app stores since new financial promotion rules took effect last October, Coindesk reported. This enforcement highlights the regulator's commitment to safeguarding consumers in the rapidly evolving crypto market.Aggressive Stance on Crypto FirmsSince the financial promotion rules for crypto companies came into effect on October 8 last year, the FCA has issued more than 1,000 warnings to firms that failed to comply. Lucy Castledine, the regulator's director of consumer investments, shared these insights in a recent interview with the media publication.The FCA's actions have had a significant impact. The regulator's efforts have led to the removal of 48 apps from UK app stores. Castledine emphasized the FCA's ongoing commitment to monitoring and taking down illegal activities. “We will continue to act where we see firms acting illegally,” she said, underscoring the importance of these measures in protecting UK consumers from unregistered and potentially harmful crypto promotions.The FCA isn't working alone in this endeavor. The regulator has partnered with third parties, including social media companies, to identify and remove illegal websites and content promoting unregistered crypto firms. This multi-faceted approach aims to control the spread of misleading information and ensure that only compliant firms can reach potential investors.New Guidance for Registered FirmsOn Wednesday, the FCA published new guidance for registered firms, highlighting examples of both good and poor practices in the industry. The rules mandate that firms take reasonable steps to verify whether a consumer is a restricted, high-net-worth, or certified sophisticated investor before making any financial promotions.The report acknowledged that while most firms allowed customers to self-categorize correctly, there were instances of poor practice. Some firms guided consumers through the self-categorization process, telling them what information to enter to proceed. The FCA flagged these practices as concerning and reiterated the need for stricter adherence to the rules.Last month, the FCA assessed crypto firms for compliance with new financial promotion rules, which sought to improve understanding of crypto investment risks. These regulations, effective in October 2023, followed consultative changes by the regulator. The review focused on several key areas, encompassing the implementation of personalized risk warnings, the enforcement of a 24-hour cooling-off period, proper client categorization, and assessments. This article was written by Jared Kirui at www.financemagnates.com.

“Companies are saying that they are artificial intelligence (AI) friendly, but the word AI has a lot to it,” said Andrew Lane, founder and CEO of Acuity Trading, highlighting the trend as “AIwashing.”Lane compared the term “AIwashing” with “greenwashing,” which was the rush for companies to show how environmentally friendly they are to score sustainability points among investors, but in reality, they were not. The scale and impact of greenwashing even forced regulators to jump in.“There is a lot to the word AI,” Lane said, adding, “I understand it more in terms of machine learning. The number of people saying, ‘Oh, we have AI and our product is AI this,’ and they probably don't even understand what AI is.”“Extracting Information from the Text in an Automated Way”Lane founded Acuity in 2013, a company that provides traders with data and market information using machine learning and natural language processing. Before Acuity, he was employed at Dow Jones, where he worked on natural language processing at an early stage and was also involved in natural language generation.“It's extracting information from the text in an automated way and turning that into numbers,” he explained. “The positivity the companies mentioned, the geographies they mentioned, all this data gets extracted from texts and put into numbers, and then hedge funds could trade off this data.”“We started off with a very small product at Acuity 10 years ago, which was providing sentiment analysis to retail traders in the form of visuals,” Lane said. “Nowadays, we've advanced a lot further. So we still do the NLP at the core of what we do, but we extract a lot more information from the internet from texts, press releases, broker releases and lots of information you can find from news stories.”“Our most recent innovation is merging our technical analysis with sentiment analysis. NLP is often known as sentiment—the sentiment of the news, the positivity and negativity in the news. We also have a technical analysis product under a regulated company. We are the first company to be able to merge the two.”“We Are Sort of Mini-Bloomberg”Explaining Acuity’s core customers, Lane said that “we work with brokers in a white label fashion,” adding: “They take our tools, they put them on their trading platform, and they offer it to their traders to stimulate and make them more confident in trading.”“We are sort of mini-Bloomberg,” he added. “We have a research terminal that provides lots and lots of different information points for any trader of any level or sophistication. And so, in that sense, any trader could access our information, whether an FX, crypto, equity trader or an investor versus the trader. But still, now we have a heavy focus on trading rather than investing without a change.”“My next step is to move more into longer-term investing, away from just traders,” Lane continued. “I think there has been a need for brokers to attract investors as well as traders for a long time, and we want to match our products to those.” This article was written by Yam Yehoshua at www.financemagnates.com.

INVESTIQA, a proprietary trading firm, has launched its services in Romania. Founded by three capital markets professionals, INVESTIQA utilizes FPFX's technology and educational resources to enhance its proprietary trading services.Education and Trading ToolsAccording to a statement shared with Finance Magnates, this launch aims to provide access to education and sophisticated trading tools while minimizing risk. One of the platform's features is the INVESTIQA Challenge, an offering seeking to give traders a risk-free, simulated environment to perfect their skills. The firm's trading environment, developed in collaboration with FPFX, reportedly supports multi-asset trading and integrates advanced solutions to enhance the trading experience for both novice and experienced traders.Besides that, the platform supports a range of trading interfaces, from advanced to user-friendly, allowing traders to choose what best fits their strategies. The firm has promised to support its traders with real-time data, risk assessment tools, webinars, and periodic newsletters, ensuring they continuously improve their skills and manage risks effectively.Florian Zgunea, INVESTIQA’s Technology Expert, said: “At INVESTIQA, we've developed a robust trading environment in partnership with FPFX that not only supports multi-asset trading but also integrates advanced trading solutions. We pride ourselves on offering a diverse array of the most respected and widely used trading platforms in the market. Our clients are able to trade on all major platforms, from advanced to user-friendly interfaces, and seamlessly integrate expert advisors.”Supported FeaturesINVESTIQA offers various services aimed at making trading accessible and rewarding. One such service is funded trading accounts, where traders can reportedly earn up to 90% of the profits without initial deposits.The platform also features educational and training Programs customized to guide traders from novice to expert. It also has advanced trading platforms such as DXtrade, cTrader, and Match-Trader, equipped with analytical tools.“Education and promoting a healthy risk management approach from our clients is at the core of everything we do here at INVESTIQA. We've developed a set of simple and transparent rules that guide our traders while allowing them the flexibility to execute their strategies effectively. Our firm supports this by providing real-time data and risk assessment tools that help traders manage and mitigate risks proactively,” Sergiu Paramanov, INVESTIQA’s Trading Strategist, added. This article was written by Jared Kirui at www.financemagnates.com.

In the retail brokerage sector, the pursuit of high-level automation in technological solutions is becoming increasingly paramount. Automation alleviates the administrative burden on managers, streamlines platform operations, and mitigates the risk of human error. For large-scale solutions with thousands of active client accounts—such as social trading, PAMM, or prop trading platforms—automated features are not just desirable but essential. The exponential growth of trading operations makes manual monitoring and management impractical, driving brokers to seek "smart" turnkey technologies that promise enhanced manageability and operational efficiency.However, automation does not come without its challenges. The delegation of routine tasks to automated systems can reduce a broker's control over operational processes, introducing a new set of risks.While automation is a critical component of third-party solutions for retail brokerages, an over-reliance on machines can be detrimental, especially in the context of complex account management technologies. In some cases, initiating processes manually remains the optimal choice. To balance automation with human oversight, brokers can adopt a hybrid strategy. This approach might involve: automated processes with manual approval or partial automation, where certain processes are done manually.“I understand a desire to automate every part of your business, but each automation process implies a certain level of access to sensitive information. Even if a broker hosts everything on proprietary infrastructure and trusts their tech provider, there is still a chance that something goes sideways. Brands should have a comprehensive emergency plan as well as a continuous review system to detect any discrepancies with clients’ data”, commented Anton Sokolov, Marketing Manager in Brokeree Solutions. “While true that automation reduces human errors, you should not rely on fully automated systems without an emergency brake or a rollback process in place.”Kinds of automatization: expert discussionThere are different aspects in account management systems, where automation may be applied: risk management, client attraction, customer relationships, etc. We have asked industry experts what threats and perspectives they see in the automation of specified areas when discussing third-party solutions.● Automation is very important when brokers want to scale. We like to help our clients find the balance between automation and identifying where it may be safer to have manual processes in place. This depends on the scale, budget, and capabilities of the personnel each broker has. We like to think of our dealers being 'bionic.' By this, we mean using automation more and more to handle monotonous tasks, thereby allowing human intellect to shine through where it is most needed. Certainly, this brings value as automation amplifies human effort rather than minimizing it. With the right tools, brokers can scale more effectively; for example, three dealers can accomplish the job that once required five.Alexander Geralis, Director at Finthentic● Automation of brokerage processes offers significant value, particularly in a risk management. It allows brokers to respond instantly to market volatility spikes or "black swans", manage the trade flow and account leverages, minimize risks in extreme market conditions.Automation is also important in countering cheaters, who have long been using robots for their own purposes. For example, comparing quote flows from different brokers to find delays and trade on arbitrage. It is impossible to effectively counter toxic clients without auto detection of such an activity.However, automation alone does not solve these tasks. It is essential to have a clear understanding of which actions to take and when, and then automate those actions according to prepared risk management rules. Balancing automation with human expertise is crucial in maintaining a high level of brokerage services.Valerii Dolgov, CEO of Indigosoft (developer of Brokerpilot).● The question of whether automation is applicable to all brokerage processes or if some should remain manual hinges on the maturity of the solution or technology. At DGM Tech Solutions, we take a cautious approach and advise the same to our brokerage clients. However, we also understand that technological progress is driven by those willing to venture into uncharted territory. Achieving a point where AI or scripted automation can be fully trusted for even the most sensitive tasks requires pushing boundaries and strategically embracing high risks to reap high rewards.I advocate for segregating sensitive aspects of the business, especially those involving real-time trading and client funds, by adopting a hybrid approach: automate tasks where AI or any automation script is certain to be accurate and reliable and keep manual control over areas where the solution's consistency and precision cannot be guaranteed. Meanwhile, less sensitive functions like marketing or CRM procedures, where immediate mistakes are not critical or have minimal impact, can be fully automated and improved as flaws are identified."Constantinos Michaelides, Director at DGM Tech Solutions● Content engagement is critical to the success of any broker because content is the thing that gets traders to take action. However, content production is a very expensive task involving analysts, compliance, and translators. The problem is compounded when needing to produce content across different topics, trading styles and multiple jurisdictions and languages.Automatic production and distribution of content can be achieved by companies such as Autochartist at a fraction of the cost of hiring all the staff necessary to perform this task in-house. And over-and-above the massive cost savings, there is the added advantage of consistent branding across all channels, and consistent messaging across all communication channels. Despite all the advantages of automated content production and distribution, it is still necessary to have a basic level of human involvement to add some spice to the content feed. Let's put it this way, automation can deliver the plate of pasta, but you still need a human to add some salt and pepper.Ilan Azbel, CEO of AutochartistHow do developers ensure the automation in account management systems are safe for brokers?The key principles for the sustainable use of automation in trading is proper planning and preparation for its introduction into the ecosystem. Brokers should analyze various performance processes in terms of its significance. There are some operations that can be fully automated, but at the same time, others, more important, like transferring accounts to the funded phase, require complete manual execution. There is also a third category of processes, hybrid in its nature. It necessitates partial manual control or a manual start-up phase, yet their overall automatic execution does not typically elevate the broker's risk levels.If a broker decided to automate a part of account management process, disregarding the technical aspect of the matter, a robust and secure solution can be defined by three criteria:There are flexible rules to configure automation processes;Brokers may choose which processes should be automated and may define specific conditions for automated actions.There are inbuilt risk management tools to ensure correct automation;These tools can be integrated as system protocols for periodic self-audits or as manual monitoring tools for brokers’ staff members to use.There is an responsive tech support team by a technology provider;“Based on an analysis of the client experience, the recent major update of Prop Pulse was focusing on providing more flexibility for the broker to manage the participants in the challenge. While the automated progression of traders through challenges offers convenience, manual screening may be preferable in certain scenarios. Prop Pulse now supports both methods, offering flexible risk management and new automation features” Yana Kitaeva, Product Owner at Brokeree Solutions.New features in Brokeree’s Prop Pulse In January 2024, Brokeree Solution, an international provider of turnkey technologies for brokers and prop firms, released the first account management systems for prop trading. Since the release Prop Pulse has got several integrations with CRM providers and payment systems. Now developers announced the first major update for the system. New features focused on the automatization functionality of the solution. ● AutomationA notable feature of the latest update is the broker's ability to automate more processes within the Prop Pulse. For instance, traders' accounts can automatically advance to the next challenge step if a broker removes manual administrator control. The trader must flawlessly meet trading objectives and initiate the transfer through the client's portal. If this stage is completed without violating any constraints set by the broker, the system will permit the trader to advance to the next stage.Alternatively, if a broker prefers to retain manual control over account transfers, the solution provides a list of accounts that have satisfied the conditions for moving to the next phase. The transfer will only occur upon administrator approval.● InterfaceTo easily monitor traders' progress in challenges, brokers have a dedicated tab with intuitive dashboards. The latest update has enhanced this feature with an improved interface. Interactive graphs, based on clients trading data, highlight successful and unsuccessful accounts with colors. In addition to the charts, administrators can access detailed tables showing traders' progress through each step of the challenge. This enables managers to quickly obtain the necessary information and respond effectively if any issues arise.About Brokeree SolutionsFor more than a decade Brokeree Solutions has consistently enhanced the technology that multi-asset brokers around the world rely on. Brokeree’s flagship products include cross-server Social Trading, PAMM, and multi-platform Liquidity Bridge, available for brokers operating on MT4, MT5, cTrader, and DXtrade CFD trading platforms. In addition, the company offers more than 50 solutions and tools that help brokers elevate their businesses in various areas, including client attraction, risk management, liquidity management, and more. This article was written by FM Contributors at www.financemagnates.com.

Rightlander, a company specializing in affiliate compliance and partner monitoring solutions, has appointed Sarafina Wolde Gabriel as its new Chief Executive Officer (CEO). Wolde Gabriel brings over 19 years of experience in digital marketing and affiliate compliance. She previously served as Rightlander's Chief Strategy Officer.Rightlander Announces New CEODuring her tenure as Chief Strategy Officer, Wolde Gabriel played a key role in the company's growth and market expansion. She was involved in developing the company's product offerings and building important partnerships.Wolde Gabriel commented: "I am honoured to take on the role of CEO at such an exciting time for Rightlander. I look forward to working with our talented team to build on our successes and drive further innovation in our solutions. Together, we will continue to support our clients in navigating the complexities of affiliate compliance and achieving their business goals."Recently, she wrote an article for Finance Magnates about the EU’s upcoming Markets in Crypto Assets (MiCA) regulation, which introduces new compliance and transparency requirements for the crypto industry starting in 2024.From GeoComply to RightlanderBefore joining Rightlander, Wolde Gabriel worked at GeoComply as Senior Director of Global Markets from January 2022 to March 2023. There, she focused on expanding products and services in international markets, establishing relationships with industry contacts in fraud and compliance, and representing the company at major industry events.Prior to GeoComply, Wolde Gabriel was with Income Access, a Paysafe company, for nearly 18 years. She served as VP Strategy from September 2016 to January 2022, where she led strategic planning and company growth efforts. She was also Chief Marketing Officer from April 2012 to January 2022, overseeing marketing strategy and corporate branding. Her earlier role was Director of Marketing from January 2009 to September 2012, where she was responsible for developing affiliate marketing strategies. This article was written by Tareq Sikder at www.financemagnates.com.

The Finance Magnates Pacific Summit (FMPS) will be featuring the industry’s biggest talent, names, and speakers from around the globe later this month. Held on August 27-29 in Sydney, Australia, the summit will be spotlighted by marquee sessions, perhaps none bigger than the Leader’s panel, covering existential threats and the latest burning trends.FMPS is shaping up to be a can’t-miss event this August, bringing together both the B2B and B2C industry for an unforgettable experience. The event will look to cover four distinct content verticals, ensuring there is something for all attendees.This includes online trading, crypto, payments, and fintech, part of a two-day curated content track. Attendees will be able to take advantage of two individual content stages, the Exchange Zone and Centre Stage. The full-length agenda for FMPS is already live and participants are encouraged to familiarize themselves with what’s in store this August.As a quick reminder, it is not too late to reserve your seat online for FMPS. Make sure to skip the queues on-site this August in Sydney and register today for the biggest event of the year in APAC!Industry’s Biggest Leaders to Discuss the Current State of Play at FMPSThe most anticipated session of the event, Leaders Kickoff: on Existential Risks and Silver Bullets, will be taking place on August 28, 11:30-12:10 on Centre Stage.The panel will touch on how competition from funded trading is growing fiercer, while settlement times are getting shorter. Given the potential for one looming industry-altering class action, it is fair to say that the retail trading industry is at a crossroads. Join some of the most influential leaders from around the industry including the following speakers:Andrea Badiola Mateos, Chief Commercial Officer, Finance Magnates Group David Jenkins, Chief Technology Officer, Pepperstone Andrew Ralich, CEO & Co-Founder, oneZero Alex MacKinnon, CEO, APAC, Finalto Asia Gavin White, Group CEO, 26 Degrees Global Markets Joe Li, Chairman, ATFXParticipants can expect to learn the impact of the t+1 settlement 3 months in, as well as what sets Australia apart, and what is the optimal or current APAC strategy. In addition, attendees can also learn from the experts on how to accommodate prop trading, how big is it, and where is it headed, or what are the most successful revenue streams, and what are the biggest concerns in the room.This is one panel you cannot afford to miss this August. See you in Sydney later this month! This article was written by Jeff Patterson at www.financemagnates.com.