BUX, the Dutch neobroker now fully owned by ABN AMRO, has quietly closed down its contracts for differences (CFDs) platform, Stryk, as it focuses “more on mid and long-term investing via the BUX app.” It has also allowed customers to migrate their accounts to AvaTrade, another CFDs broker.Stryk Decommissioned“We are reevaluating the position of speculative trading products within our group’s overall offering,” the FAQ section of the now-closed platform noted. “As part of this change in strategy, we are decommissioning Stryk, our CFD trading app.”Elaborating on the decision to close the platform, BUX highlighted that it has been increasing its focus on “long-term wealth creation” and the “decommissioning of Stryk completes the strategic pivot.” It will also allow the company to “streamline [its] operations and allocate resources more efficiently.”Further, the regulatory environment also played a role. “The landscape for CFDs has changed significantly since we entered the CFD market,” the website of the closed platform added. “In this environment, we believe that our resources are better directed towards the BUX mobile app, which focuses on mid and long-term investing and is poised for healthy growth in the coming years.”Rebranding to the Strategic PathBUX initially launched its CFDs offerings under the brand BUX X but rebranded it to Stryk in July 2022 to differentiate it from the company’s zero-fee trading app, which was also rebranded to BUX from BUX Zero in mid-2023.Also, the group operated the CFDs business under its UK-regulated entity. However, it shifted the CFDs business under the Cyprus-regulated BUX Europe to expand the services in the European markets. Although the Stryk brand has been decommissioned, according to the regulatory registry, BUX Europe still holds the Cyprus Investment Firm licence.While it is unclear when exactly Stryk was closed down, Wayback Machine shows that the step was taken at the beginning of this year.Meanwhile, the acquisition of the Netherlands-based BUX was recently completed by the local lending giant ABN AMRO, which will now mark its presence in the retail investment markets. However, the financials of the deal remain unknown. This article was written by Arnab Shome at www.financemagnates.com.

Robinhood Markets Inc., the popular commission-free trading platform, is making moves in expanding its cryptocurrency offerings and geographical reach. The company has launched its services in Hawaii, Puerto Rico, and the US Virgin Islands, while simultaneously exploring the possibility of introducing cryptocurrency futures trading in both the United States and Europe.Robinhood Expands Crypto Offerings, Eyes Futures Trading in US and EuropeThe expansion into Hawaii comes on the heels of a regulatory change by the state's Department of Commerce and Consumer Affairs, which no longer requires cryptocurrency services to obtain a money transmitter license to operate in the state. This move has opened the door for Robinhood to tap into a market previously known for its strict financial regulations.Thanks to this latest update, Robinhood Crypto services are available in every US state except New York. However, the process of obtaining licenses in various administrative regions of the United States has been lengthy, stretching over the last six years.Crypto trading on Robinhood is now available in Hawaii, Puerto Rico, and the US Virgin Islands ? pic.twitter.com/rpO4WDoLK3— Robinhood (@RobinhoodApp) July 2, 2024Crypto Futures in the US and Europe SoonIn a parallel development, sources familiar with the matter revealed to Bloomberg that Robinhood is considering offering cryptocurrency futures in the US. and Europe in the coming months. The company reportedly plans to leverage licenses from its recent $200 million acquisition of Bitstamp Ltd., a deal expected to close in the first half of 2025.The company increasingly focuses on cryptocurrency services in Europe, having launched a staking service just under two months ago. Currently, it is based solely on the Solana token, but it is expected to be expanded to include additional assets in the future.Robinhood considering offering crypto futures in US, Europe, Bloomberg reports https://t.co/qgbfe7PzyC pic.twitter.com/QEaiAboIim— Reuters Tech News (@ReutersTech) July 2, 2024If the plans materialize, Robinhood could offer perpetual futures for Bitcoin and other digital tokens in Europe, utilizing Bitstamp's existing licenses. In the US, the company is eyeing the launch of CME-based futures for Bitcoin and Ethereum.However, a Robinhood representative cautioned that these plans are not set in stone, stating, "We have no imminent plans to launch these offerings.” The potential move into crypto derivatives comes at a time when the global market for such products is booming. Recent data from crypto researcher CCData indicates that in May, derivatives trading volumes reached $3.69 trillion, surpassing the $1.58 trillion in spot trading on centralized exchanges.Despite receiving a Wells notice from the US Securities and Exchange Commission earlier this year, Robinhood appears undeterred in its crypto ambitions. The company has been actively broadening its cryptocurrency strategy, as evidenced by its Bitstamp acquisition and the recent obtainment of a futures broker license from Marex. This article was written by Damian Chmiel at www.financemagnates.com.

FTMO, a popular brand in the prop trading industry, has strengthened its top executive roles by onboarding Radek Dyntar as the Chief Financial Officer, Finance Magnates has learned exclusively. It has also hired Eva Svobodová as the Chief Legal Officer.A Boost to the GrowthThe appointments came as the Czech prop trading firm has been preparing to launch brokerage services. Recently, it also named Michael Kamerman as the Chief Executive of its brokerage division.“Eva and Radek bring invaluable experience to FTMO at this stage of growth,” said Otakar Šuffner, co-founder and CEO of FTMO. “We take our ambition to expand FTMO as a group seriously, and we know that we will not achieve this goal without having true experts in our team.”According to FTMO, the number of registrations on its platforms jumped by 30 percent year-over-year in the first three months of 2024. At the beginning of this year, it also acquired marketing agency eVisions following the acquisition of fintech company Quantlane last year.Legal Experts at FTMODyntar has joined the company from Dentons Europe, a law firm where he spent about the last nine years. Most recently, he was the Senior Finance Transformation Advisor at the law firm but held the position of Chief Finance Officer between January 2020 and December 2023.He started his career in 1997 as a Tax Consultant and later worked at Ernst & Young for about nine years. He was also a Finance Director and Board Member at Prague-based KKCG for about four years.Svobodová is a renowned legal mind in Europe, bringing more than two decades of legal expertise to the role at FTMO. She spent the last 19 years of her career at White & Case, a New York-headquartered law firm, where she was most recently a Partner at the Prague office.“In nearly ten years on the market, FTMO has grown from a garage startup into a global company that deals with complex legal and financial issues worldwide, in various countries with different laws,” Šuffner continued. “In all these and other areas, Radek and Eva are tremendous assets.”Interestingly, the appointments came as the regulators are also exploring possible regulations for the prop trading industry. Although FTMO’s General Counsel, Matus Tutko, earlier told Finance Magnates that he does not think regulations are “necessary [as] the current regulatory environment is robust enough,” the Czech National Bank believes that some prop trading models can come under the MiFID regulatory framework. This article was written by Arnab Shome at www.financemagnates.com.

DXtrade, a trading platform provider for FX, CFD, and crypto brokers, has announced a partnership with Pelican, a copy trading service. The integration will allow DXtrade users to access Pelican's network of over 9,000 trading signals directly within the platform.DXtrade Integrates Pelican Copy TradingPelican, known for its white-label copy trading platforms used by major global brokers, will integrate its multi-asset copy trader engine into DXtrade. The new partnership is expected to benefit both brokers and traders by providing access to a vast network of trading signals.According to both companies’ statement, the integration of copy trading functionality responds to demand from brokers and traders for expanded features within the DXtrade environment. What is more, it comes as DXtrade reports growth in its user base. "With our recent growth came a strong demand for a copy trading service within DXtrade. We sought to secure the best service available in the industry for our clients, which has been made possible through our integration with Pelican,” commented Jon Light, Head of OTC Platform at Devexperts, DXtrade's parent company.Since 2019, Pelican Trading has been offering a social trading platform regulated by the UK's FCA, which allows for the copying of other traders' positions and is widely used by many trading firms. Among them are numerous FX/CFD brokers, including Eurotrader, AvaTrader, USG UK, and ETX Capital"We are excited to partner with such a great company - who share the same ambitions and as a partnership can offer clients and brokers a full 360-degree service,” added Mike Read, Director at Pelican.For DXtrade, this marks another significant collaboration over the past month, following their partnership with Sage Capital to boost crypto liquidity for brokers. Sage Capital Management provides institutional-grade crypto spot and perpetual liquidity, focusing on prioritized execution and competitive pricing.DXtrade's Recent UpdatesDXtrade has been actively expanding its partnerships and integrations in recent months to enhance its offerings for brokers and traders. In May, the company integrated with FXCubic, a trading connectivity solution provider. This partnership combines FXCubic's expertise in liquidity provision with DXtrade's platform capabilities, promising improved trading efficiency and enhanced risk management for brokers and their clients.Earlier in April, Devexperts announced a cross-integration between DXtrade and BizCuits, a vendor offering various tools and services for the forex and CFD industry. This collaboration creates a combined solution available through a plug-and-play model, enabling rapid integration for brokers seeking a comprehensive trading ecosystem.Additionally, Tools for Brokers (TFB) has partnered with Devexperts to integrate the DXtrade platform into its Trade Processor ecosystem. This integration enhances TFB's multiplatform liquidity bridge, providing brokers with more options and flexibility in their trading infrastructure This article was written by Damian Chmiel at www.financemagnates.com.

SynFutures, the onchain perp protocol for listing and trading any asset, is now live on Coinbase's L2 network Base. Users can now trade and provide liquidity on SynFutures V3 via Base while earning SynFutures' Oyster Odyssey (O_O) points.Additionally, SynFutures will release a series of new listings over the next several weeks as part of Meme Perp Summer. a six-week campaign blitz to expand community asset listings and reward meme communities on Layer 2.SynFutures' multichain expansion to Base comes as SynFutures V3 on Blast surpasses $100 billion in cumulative trading volume in less than four months, cementing it as the top perpetual DEX across all chains and one of the most active DeFi dApps in Web3. With its industry-leading Oyster AMM, which combines a concentrated liquidity model and an onchain orderbook, SynFutures aims to bring the ultimate onchain futures and perps experience for any asset to the Base ecosystem.Launch Partners and Meme Perp SummerSynFutures has teamed up with some of the top projects in the space, listing tokens from SocialFi giant Degen and Web3 gaming protocol Iskra, among others, to kick off Meme Perp Summer.Among the new asset pairs are: · $DEGEN/WETH· $CHOMP/WETH · $BOOMER/WETH· $ISK/WETHIn addition to popular memecoins, SynFutures will list liquid staking derivatives (LSD) assets and liquid staking tokens (LRTs), crucial in bringing liquidity and organic yield to the onchain space.Listed LSD and LRT asset pairs include:· wstETH/ETH from Lido· weETH/ETH from ether.fi· wrsETH/ETH from Kelp DAOSynFutures is utilizing Chainlink, a decentralized blockchain oracle network, to provide integral price oracle infrastructure for our deployment on Base. Fee Promotion for Major Asset Pairs As part of Meme Perp Summer, SynFutures is launching a limited-time promotion across all networks on major pairs, such as the BTC and ETH pairs. Starting on July 1, 2024, SynFutures team is reducing the trading (taker) fee for major pairs from 3 basis points (bps) to just 2 bps.Additionally, to simplify the trading experience, all traders will enjoy the benefits of the highest-level VIP fee during this promotional period.Expansion of Oyster Odyssey Points SynFutures also reaffirms to Blast users that the O_O points gained during the Blast Season will not be diluted by the Base launch. The overall pool has been increased. Rewards distributed on Base will be separate from and in addition to those on Blast. About SynFuturesSynFutures (https://www.synfutures.com/) is a decentralized perpetual futures protocol that facilitates open and transparent trading on any assets and listings instantly. The V3 Oyster AMM launched the industry’s first-ever unified AMM and Permissionless Onchain Orderbook. Backed by top investors like Pantera, Polychain, Standard Crypto, Hashkey, and more, SynFutures has processed more than $100 billion in trading volume since its launch in 2021. This article was written by FM Contributors at www.financemagnates.com.

Interactive Brokers has extended trading hours for Korean derivatives during the US and European trading hours to cater to a growing demand for global investment opportunities in South Korean equities and derivatives. The brokerage firm mentioned today that it had extended the trading hours for KOSPI 200 derivatives through the Eurex/KRX Link.Extended Access to Korean DerivativesThis enhancement allows investors to trade products such as KOSPI 200 Options, Mini-KOSPI 200 Futures, KOSPI 200 Futures, and USD/KRW currency futures during US and European market hours. These derivatives are fully fungible with contracts at the Korea Exchange, a move the company had lauded as offering effective investment strategies across different markets. "Providing access to the Eurex/KRX link exemplifies Interactive Brokers' dedication to offering our clients an extensive range of global investment and trading opportunities. Clients can now take advantage of extended hours to trade in one of the world's most liquid derivatives markets," Milan Galik, the Chief Executive Officer of Interactive Brokers, mentioned."Our global client base, including APAC, European, and American clients, benefit by having access to KOSPI derivatives during normal and extended trading hours, regardless of location."Boosting the South Korean Equities Market Recent regulatory reforms have reportedly streamlined foreign investment processes in South Korean equities, positioning the Eurex/KRX Link to attract more international investors. These changes are expected to boost South Korea's market status from emerging to developed and attract more global institutional investors.In May, Interactive Brokers joined Cboe Europe Derivatives (CEDX) as a trading and clearing participant to offer its clients access to CEDX's range of pan-European equity derivatives. The firm mentioned that the collaboration seeks to allow retail investors to benefit from European derivatives markets.Launched in 2021, CEDX aims to improve the ability of retail investors to access and benefit from European derivatives. For instance, the platform aims to enhance the derivatives trading and clearing process by implementing a unified for institutional and retail investors to easily enter the market.Still in Europe, Interactive Brokers has launched a new product to enable institutional and retail traders to execute short-term trading strategies and gain access to the French stock market. Dubbed Daily Options on the CAC 40 Index, the service promises to equip traders with tools to navigate global markets. This article was written by Jared Kirui at www.financemagnates.com.

US judge has dismissed several core claims by the Securities and Exchange Commission (SEC) in a case against Binance. In a post shared by the cryptocurrency exchange today (Tuesday), Binance noted that the federal judge had dropped multiple important arguments brought by the SEC, strengthening the company's defense in the legal tussle against the watchdog.SEC's Key Claims RejectedSpecifically, the court's decision dismissed the contention that crypto tokens, including Binance's native BNB and its fiat-backed stablecoin BUSD, could be categorized as securities. Judge Amy Berman Jackson of the United States District Court for the District of Columbia has ruled that these tokens do not meet the criteria for securities, thereby rejecting the SEC's broad assertion.Additionally, the court dismissed the SEC's claim that secondary market sales of BNB tokens on crypto exchanges constituted securities transactions. Besides that, the court has criticized the SEC's claims that crypto tokens are inherently investment contracts.In a victory for the industry, a US federal court dismissed several #SEC claims against #Binance, ruling that:1) Crypto tokens are not securities,2) BNB sales on secondary exchanges were not adequately alleged to be securities,3) BUSD is not a security.Read more ⤵️…— Binance (@binance) July 2, 2024According to Binance's statement, the ruling mentioned that the focus should be on the circumstances surrounding each transaction rather than the tokens themselves. In the statement, Binance faulted the regulator for failing to provide sufficient evidence that secondary market sales of BNB tokens were conducted with an expectation of profits, a crucial element under the Howey Test for classifying something as a security.Regarding its native stablecoin BUSD, the court reportedly dismissed the claim that Binance's BUSD is an investment contract. There was no evidence to suggest that BUSD was marketed with an expectation of profit due to Binance's efforts, the exchange added. Other Claims to ProceedHowever, while the court dismissed these claims, it allowed certain aspects, such as the SEC's argument on direct sales of BNB as securities transactions, to proceed. These remaining claims reportedly face significant hurdles for validation, as the SEC must prove that token purchases were made with investment expectations.Binance has vowed to defend itself against the SEC's regulatory attempts. The company is reportedly advocating for fair and consistent oversight that fosters innovation and growth within the crypto market.Amid this development, Binance has already restricted certain services to European users to comply with the MiCA regulations. This step occurs as the new cryptocurrency regulations take shape in the region. Some of the affected services include access to copy trading, which the exchange effected on June 26. This article was written by Jared Kirui at www.financemagnates.com.

Stablecoin issuer Tether has partnered with a technology and strategy company specializing in crypto assets to develop educational initiatives in Türkiye. This collaboration reportedly aims to equip individuals with the knowledge to navigate the digital age.MoU to Advance Crypto EducationAccording to the press release, the new agreement with BTguru reflects Tether's broader aspiration for Tether EDU, a global initiative dedicated to making education accessible and boundless. The MoU has outlined plans to develop comprehensive programs that introduce private and public stakeholders in Türkiye to the benefits of blockchain and peer-to-peer technology. These programs will reportedly utilize BTguru's connections to facilitate discussions with financial institutions, explore real-world asset tokenization, and evaluate regional payment networks utilizing BTguru Core.Speaking about the new agreement, Paolo Ardoino, Tether's CEO, mentioned: "Tether and BTguru believe in the transformative power of digital assets and peer-to-peer technologies. This MOU has the potential to provide a solid foundation for the responsible and informed use of digital assets. We are excited to be part of a movement that could promote freedom and educate people across Türkiye."Tether's education initiative extends beyond Türkiye. The USDT issuer is reportedly engaging a regulated digital asset infrastructure platform in the MENA region to enhance digital asset education across the Middle East.Tether Signs MoU with BTguru to Drive Digital Asset Education in TürkiyeLearn more: https://t.co/UhFEMs5d4s— Tether (@Tether_to) July 2, 2024Expanding Educational EffortsTürkiye ranks as the fourth-largest nation in cryptocurrency transaction volume, according to the International Trade Administration U.S. Department of Commerce, as cited by Tether. Also, Chainalysis reported that Türkiye received approximately $170 billion in crypto transactions over the past year, driven by the need to counteract currency devaluation.Elsewhere, the second largest stablecoin issuer, Circle, was recently registered as an electronic money institution in France. This approval makes Circle one of the compliant stablecoin issuers under the European Union's cryptocurrency regulations.The issuer of USD Coin stablecoin obtained the e-money license from France's banking industry regulator, the Autorité de Contrôle Prudentiel et de Résolution. As a result, Circle is now compliant with the EU's Markets in Crypto-Assets regulations.Still, in the stablecoin sector, Paxos has received full approval from Singapore to issue stablecoins. The license awarded by the Monetary Authority of Singapore enables the firm to offer digital payment token services through its entity, Paxos Digital Singapore Pte. Ltd. The regulatory milestone broadened the number of markets Paxos is authorized, which include the US and the UAE. This article was written by Jared Kirui at www.financemagnates.com.

Liquidnet, the global institutional investment network connecting asset managers with liquidity, has appointed Tim Cunningham as the new Managing Director of Outsourced Foreign Exchange Trading and Sales. Cunningham, who most recently served as the Director at Marex, announced this latest move on LinkedIn today (Tuesday).Veteran Executive Until recently, Cunningham was based in the New York City Metropolitan Area, where he spent six months as a Director at Marex. The Veteran Executive has also worked with notable brands in the industry, such as Saxo Bank, Societe Generale, American Express, and Cowen Prime Services. Cunningham was the director of FX Sales at Cowen Prime Services for more than three years. Prior to that, he served as the Director of FX Sales at BTIG for more than four years.In another significant career move, Liquidnet hired Alex Grinfeld, a former Executive Director at Morgan Stanley, to co-head its futures business in the Americas in April. This move came as the company continued to broaden its global listed derivatives services. Following his appointment, Grinfeld became one of the senior futures sales traders and analysts who have joined Liquidnet since 2022. Grinfeld was the Vice President at Goldman Sachs for Futures and Derivatives Sales Trading, a role he dedicated five years. He works alongside Brian Cashin, who moved to Liquidnet in March 2022 from Bank of America.Liquidnet's Efforts to Expand OfferingsLiquidnet's executive move occurred as the company continued to expand its services. For instance, the US-based firm recently unveiled a new initiative to enhance its block trading capabilities. Dubbed SuperBlock, this offering allows traders to easily signal and participate in exceptionally large or illiquid block trades.Specifically, SuperBlock is created to utilize Liquidnet's global buy-side community and block trading expertise and create a protected space for executing the most challenging trades. SuperBlock Matching also aims to provide a more efficient environment for trades of various sizes. This article was written by Jared Kirui at www.financemagnates.com.

Cartesi, a modular execution layer protocol that equips developers with access to a full Linux environment, and Avail, a modular blockchain framework designed to unify web3 and optimize data availability (DA) for scalable and customizable applications, are pleased to announce a close collaboration set to significantly advance web3 development.This integration will offer a seamless and intuitive experience for developers by leveraging Cartesi’s RISC-V Linux-based execution capabilities and Avail’s reliable data availability solution, Avail DA. The user-friendly approach will simplify the complexities of decentralized application development, enabling faster and more efficient project deployment.The modular stack allows both protocols to combine their unique properties, resulting in a robust protocol that is more powerful compared to monolithic stacks where all functionalities are integrated. In this sense, the Cartesi-Avail integration will enable developers to benefit from the increased computational power and flexible programming environment of the Cartesi stack, while also utilizing the enhanced data availability capabilities of Avail DA.“By combining Cartesi's cutting-edge RISC-V Linux-based execution with Avail DA, we are setting a new standard in the ease and efficiency of protocol development. This partnership empowers developers to overcome traditional barriers, accelerating innovation and the deployment of next-generation decentralized applications. We are thrilled to enable this leap forward in web3 development,” said Anurag Arjun, Co-Founder of Avail.The collaboration between Cartesi and Avail marks a significant milestone in the web3 space. A dedicated data availability layer ensures critical transaction data remains available and verifiable while significantly reducing the costs associated with on-chain data availability. This makes dApps more affordable and accessible, while reliable data availability is crucial for the execution layer to perform transactions and execute contracts seamlessly. “The Cartesi-Avail integration brings into reality a powerful infrastructure for new possibilities and use cases in web3. This is exciting for us and a breath of fresh air for the industry,” said Erick de Moura, Co-Founder of Cartesi.This partnership is expected to drive the creation of a more robust and versatile ecosystem, particularly benefiting gaming and DeFi verticals, empowering developers to experiment and innovate without being hindered by the limitations of current infrastructure.Cartesi equips developers with access to a full Linux environment through its native virtual machine, and high-performance rollups designed to support next-generation dApps. By bridging the gap between traditional software and blockchain, Cartesi enables developers to create more sophisticated and scalable dApps with ease. Avail DA offers secure data availability guarantees for entire networks of blockchains, enabling them to scale efficiently and in an unlimited capacity. Using validity proofs with data availability sampling provides robust security and enhanced scalability for blockchain applications. About Cartesi: Cartesi (https://cartesi.io/) is a powerful modular blockchain protocol that supercharges the web3 space. Cartesi equips developers with access to a full Linux environment through its native virtual machine, and high-performance rollups designed to support next-generation dApps. About Avail:Avail is led by Polygon’s former co-founder Anurag Arjun and is building a unification layer to solve rollup fragmentation at scale. Avail addresses this from first principles solving blockchain scalability with Avail DA, a foundational DA layer which implements the same technology planned for Ethereum’s danksharding roadmap, including KZG Commitments and Data Availability Sampling (DAS). Avail Nexus addresses growing fragmentation concerns with permissionless interoperability, leveraging proof aggregation on Avail’s scalable DA layer. Avail’s security is then reinforced with multi-asset staking through Avail Fusion. This article was written by FM Contributors at www.financemagnates.com.

In the digital era, smartphones have evolved from mere communication devices to powerful tools enabling users to perform complex tasks on the go. This transformation has compelled businesses across industries to develop mobile applications to remain competitive and relevant in the market.One sector significantly impacted by this shift is finance. Financial services, once confined to traditional banking institutions, are now accessible at users' fingertips through innovative mobile apps. This revolution in mobile finance is empowering individuals to engage in sophisticated financial activities using their smartphones.The Rise of Fintech AppsThe financial industry is experiencing rapid digitalization, often referred to as "smartphonification." Leading financial service providers are developing apps to enhance client experiences and simplify their lives.Fintech apps offer a wide range of services, from basic transactions to complex investment management, democratizing access to financial tools for a broad audience. Consequently, companies are in a race to innovate, delivering more convenient and functional apps to gain a competitive edge.Digital Industry Leaders: Fintech360As the global financial landscape undergoes digital transformation, certain companies are emerging as leaders. Fintech360, a prominent B2B provider of fintech services, is at the forefront of this change. Specializing in advanced fintech solutions for brokers, Fintech360 aids in creating and maintaining next-generation trading platforms.Fintech360 offers a comprehensive suite of services, including CRM (Customer Relationship Management) systems, payment gateways, business intelligence tools, and trading platforms. These tools are designed to streamline and optimize brokers' operations, pushing the boundaries of global finance and enabling organizations to enter the market with robust resources and instruments.A White Label Trading Platform for BrokersOne of Fintech360's flagship offerings is its state-of-the-art white label trading platform, tailored specifically for brokers. This platform allows brokers to brand and customize the interface, providing their clients with a personalized trading experience without the need to develop their own technology.The platform integrates widely recognized systems like MT4, MT5, and Match Trader, offering a reliable foundation. It includes features such as customizable trading alerts, market news updates, and advanced analytical tools, including professional trading charts powered by TradingView. These features enable brokers to deliver top-tier services to their clients.Fintech360’s Apps for iOS & AndroidBeyond the desktop platform, Fintech360 has developed mobile apps for both Android and iOS, extending their services to a wider audience. These mobile apps offer the same advanced features as the desktop version, allowing users to engage in trading activities, access real-time news, and receive market signals from anywhere, at any time.The mobile apps' flexibility ensures users can manage trades on the go, responding to market changes in real-time. Enhanced security features, such as biometric authentication, provide additional protection for user accounts. Push notifications keep users informed about important market events, account activities, and trading opportunities, ensuring they never miss critical updates.Test-Driving the AppsTo allow brokers to fully evaluate the platform, Fintech360 offers trial versions of its mobile app through TestFlight and Firebase. This approach, uncommon among financial service providers, highlights Fintech360's commitment to customer satisfaction by enabling potential clients to test the app's features before committing.Making Fintech AccessibleFintech360’s innovative products and B2B fintech solutions are invaluable, especially for brokers, both established and aspiring. The mobile format of these offerings enhances accessibility, providing brokers with greater flexibility and reach. By eliminating the need to create their products from scratch, brokers can focus on refining their vision and offering the best conditions for their clients.As the world becomes increasingly digital and smartphone-centric, the finance sector must evolve accordingly. Companies like Fintech360 are leading this evolution, ensuring fintech solutions are accessible to a broad range of users. By adhering to their core principles, Fintech360 is steering the market in the right direction, benefiting service providers, customers, and the industry as a whole. This article was written by FM Contributors at www.financemagnates.com.

Ahead of the Finance Magnates Pacific Summit (FMPS) this August 27-29, Andrea Badiola Mateos, Chief Commercial Officer at Finance Magnates Group, helped shed light on the upcoming event and its unique opportunities. As a premium summit in Sydney, Australia, she explained the event’s goals and attributes in full-length interview.Can you tell us about the upcoming FMPS and what was the impetus behind hosting this event in Sydney?Australia is one of the most established regions for finance in APAC and we have always brought Australia to the rest of the world. We thought it was time to bring the world of fintech to Australia. Finance Magnates Pacific Summit (FMPS) is the highest quality fintech event in the Asia Pacific region, which will be held on August 27-29. Our team chose Sydney as the ideal location of this event given the sophistication and industry talent locally in Australia. We look forward to connecting plenty of brands and players from around the world to regional service providers and brokers.What are the main goals of FMPS?Considering the landscape and our 13-year record producing world-class events worldwide, FMPS will look to bridge both the B2B and B2C sides. Creating the space for all the different industry players to shape and define APAC’s (and Australia’s) direction of fintech while opening the best business opportunities is at the heart of what we want to provide.Can you elaborate on who the target audience is for FMPS and what are the verticals or industries that will be represented throughout the event?FMPS will aim to attract several different types of industry participants. Look for recognizable brands, as well as plenty of brokers, service providers, IBs and sophisticated traders on-site. FMPS will cater the online trading, fintech and blockchain verticals. We are expecting over 100 leading speakers, some of the most-trusted brands, and over a thousand high-level attendees. The resulting atmosphere will reflect an invaluable opportunity for engagement, connections, and networking.You mentioned FMPS will be hosting some industry-leading brands, could you divulge to us or mention a few who will be in attendance or any notable sponsorships?FMPS will be spotlighted by the biggest brands in the B2B and B2C sides of the fintech industry. This starts with world-leading brokers such as Pepperstone, Saxo, Avatrade, Equiti, and innovative technology providers such as B2Broker, OneZero, FxCubic, Match-Trade and many more. The summit will also serve as a hub for actionable insights, a future outlook on each industry vertical, and a chance to show off each other's wares.What are some key topics that will be covered at FMPS?FMPS is all about content, as indicated by a curated track of panels, workshops, sessions, and much more. Each content vertical mentioned above will be explored at length, followed by such notable topics as the future of financial services in APAC, the impact of AI both within companies and in offerings to investors, a survey of the Aussie fintech landscape and talent pool, and more, as headlined on the upcoming agenda.What opportunities will attendees have at the event?Networking and engagement opportunities are the highlight of the valuable connections built throughout FMevents. Starting with the official event app which will give access to connecting with other attendees to browse and schedule meetings, followed by the Networking Blitz on August 27, participants can kick off by mingling with others and setting the stage for the next two full days of exhibition.FMPS itself will include two full days of content, entertainment, and more, where golden connections can happen on the summit floor. Beyond networking, all participants can expect to learn from experts and speakers, whether you are an industry leader, a veteran trader or just starting your trading journey.FMevents has established itself as a global force in events. Can you describe some previous events your company has hosted?Since 2012 when we started our first flagship event, Finance Magnates London Summit (FMLS), we have produced our recognizable high-quality events in Shanghai, Istanbul, Barcelona, Chile, South Africa and now Sydney! Each of our events brings together the industry elite for an exclusive, premium unforgettable experience.How can interested parties or attendees register for FMPS?Registering for FMPS is already live and easier than ever. Interested individuals simply need access to the FMPS website to register and get their FREE pass. Online registration is available for a limited time only and offers several benefits, perhaps none greater than skipping queues and waiting on-site.Register today by using the following link. This article was written by Finance Magnates Staff at www.financemagnates.com.

CME Group, the world's leading derivatives marketplace, reported record-breaking foreign exchange (FX) futures trading volumes for the second quarter of 2024, with significant growth across multiple currency pairs.Forex Volumes Surges at CME Group in Q2 2024Foreign exchange average daily volume (ADV) reached 1.1 million contracts in Q2, marking a 20% increase compared to the same period last year. The surge in CME Group’s FX trading activity was driven by heightened market volatility and increased hedging demand amid global economic uncertainties.Year-to-date, the growth was 10%, compared to the first six months of 2023, during which the ADV was around 934,000 contracts. The largest increase, as much as 25%, was noted on a monthly basis. In June 2024, the average daily volume for FX futures and options was nearly 1.4 million contracts, more than the 1.1 million reported in the same month the previous year.CME may owe its strong currency results in part to a record day of investor activity on June 12, when the exchange handled the trading of 3.26 million FX futures contracts.CME Group Reports Record June and Q2 2024 Volumes, Reaching New Highs Across Multiple Asset Classes: Record June ADV of 25.3 million contracts, up 8% year-over-year Record Q2 ADV of 26 million contracts, with growth in all asset classes Record June and… https://t.co/8LeRssbioy— Stock Market News (@Stock_Market_Pr) July 2, 2024Several currency futures contracts also achieved all-time highs during the quarter. Canadian dollar futures set a new record with an ADV of 112,200 contracts. Mexican peso futures also reached unprecedented levels, with an ADV of 90,481 contracts. Additionally, New Zealand dollar and Brazilian real futures both hit record volumes, reflecting growing interest in emerging market currencies.The results align with those reported this week by FXSpoStream as well. In its case, spot FX volume grew by 39% year-on-year, and the ADV surged by 85% to $14 billion. However, a decline in activity was noted in other reported venues.CME Reports Recor Q2 2024 and June Trading VolumesThe strong performance in FX futures was part of a broader trend of record-setting volumes across CME Group's product lines. The exchange reported an overall record Q2 ADV of 26 million contracts across all asset classes, with growth observed in interest rates, equity indices, and commodities. For June itself, the ADV stood at 25.3 million contracts, an 8% increase compared to the same month last yearInterest Rate products led the surge, with ADV climbing 11% year-over-year to 11.5 million contracts in June. US Treasury futures and options hit a record 7 million contracts per day, driven by a 29% jump in 10-Year Treasury Note futures and a 78% spike in related options.International participation also reached new heights, with a record ADV of 8.1 million contracts from non-US. traders. This included an all-time high in European, Middle Eastern, and African (EMEA) trading activity, which saw ADV climb to 6.2 million contracts.According to the exchange's 2023 report published in February, its total revenue increased to $5.6 billion, and operating income amounted to $3.4 billion. This article was written by Damian Chmiel at www.financemagnates.com.

Finalto South Africa CEO Dany Mawas is set to bring his experience to the world of retail trading with a new appointment as Markets.com Chief Commercial Officer.His appointment follows a strong six months for Finalto in the African market under Dany’s leadership, with the company being one of the few ODP licensed brokers.Markets.com, a global multi-regulated retail brokerage, is delighted to announce the promotion of Dany Mawas as its new Chief Commercial Officer. His appointment comes at a time when Markets.com is expanding the brokerage’s global footprint into the LATAM, MENA, Southeast Asia, Europe, and Africa regions. Mawas commented: “I am thrilled to take the role of Chief Commercial Officer for Markets.com. Exciting developments are on the horizon as we solidify our position as a leading global brokerage with a strong local presence. Through strategic partnerships and investments in local talent, we are constantly enhancing our customer experience.”Over the years, Markets.com has laid out the groundwork for substantial future growth and superior trading conditions. We are proud to soon unveil a new addition to our trading platform lineup, enhancing our charting capabilities and user experience alongside our existing platforms; Markets.com’s Web trading platform, MT4, MT5, and our Social Trading App.Additionally, we will soon be expanding our educational services to promote financial literacy across all regions with tailored offerings to meet local demands”.Matthew Maloney, Finalto Group CEO, said: “It’s a testament to the incredible work Dany has been doing for Finalto that he has been invited to take on this role for Markets.com in addition. We are excited about the possibilities in Africa and beyond.”In addition to his new role as markets.com CCO, Dany will continue to develop the African region on the B2B side as CEO of Finalto South Africa. This article was written by FM Contributors at www.financemagnates.com.

X Open Hub, a top-tier liquidity and technology provider for the financial services industry, introduces its liquidity solution. Unmatched in the market, the institutional-grade liquidity suite provides direct access to Forex and OTC liquidity on more than 5,000 derivative instruments. This opens a wealth of opportunities for Forex and CFD brokers in search for cost-effective product diversification while further extending the possibilities for traders to build balanced portfolios across derivatives.X Open Hub is one of the industry’s veterans, with over 15 years in the financial and fintech playing field, positioning itself as a leading liquidity provider for brokers, banks and hedge funds globally. Its liquidity solution is equipped with advanced features and capabilities to help financial institutions expand their liquidity pools, broaden their product range, and diversify their revenue streams with X Open Hub’s stable pricing.Extensive range of instrumentsThrough its connectivity to major exchanges across the world’s major economies, X Open Hub provides liquidity on a vast range of instruments, including:● 60+ major, minor and exotic currency pairs● 2500+ stocks and ETFs traded across 16 major exchanges● 30+ indices tracking the performance of some the world’s leading markets, including the US, Germany and China● Commodities, covering key sectors, including softs, agriculture, precious metals, and energy● 50+ cryptocurrencies streaming from 9 exchanges● Dedicated stocks as well as synthetic stocks that meet the diversification demands of brokerages and banks.Unmatched institutional-grade liquidityX Open Hub’s deep liquidity pools ensure fast execution and minimal slippage, creating a transparent and stable trading environment, supported by leading financial institutions. Singular so far in the industry, this liquidity provision empowers brokerage firms to create a powerful trading environment for their clients, with access to best bid-ask prices and low latency.In addition to the razor-thin spreads, deep and transparent order book, ultra-fast execution and price feeds, other attributes characterising X Open Hub’s liquidity solution are time priority order execution and ultra-competitive pricing. X Open Hub does not charge any commission on trading volume for OTC instruments, nor does it set a minimum deposit threshold. The liquidity provider also charges relatively low overnight fees and low institutional swaps. Seamless integrationX Open Hub’s trading and liquidity solutions integrate seamlessly with any pre-existing technology and system. XAPI, the application programming interface (API) optimised by X Open Hub, ensures quick integration and optimal performance. With XAPI, brokers and their third-party users can build fast and powerful trading applications suitable for desktop devices and web deployment.Customer-centric technologyRequiring no server-side or hardware installation, X Open Hub’s technology suite is instantly scalable and adaptable to the purposes of FX brokers, and banks. Collocated with top-tier bank and non-bank liquidity providers, the technology delivers sub-millisecond latency, allowing financial market players to achieve profitability while reducing trading and maintenance costs. As an added benefit, dedicated account managers and 24/7 customer support professionals ensure the best client experience and optimal functionality.Regulatory compliance and securityX Open Hub operates under stringent regulatory compliance, being fully regulated by top-tier financial authorities, such as the FCA, KNF, CySEC, IFSC, DFSA, FSCA, and the FSA. This adherence to regulatory standards ensures a secure and compliant trading environment. Furthermore, the company implements sophisticated risk management systems and data security measures to protect its clients' sensitive data, providing peace of mind in an increasingly complex trading landscape.To explore X Open Hub’s liquidity and trading solutions and request a demo, contact the team. This article was written by FM Contributors at www.financemagnates.com.

The number of leveraged traders who trade margin forex, contracts for differences (CFDs), and financial spread betting in the United Kingdom went down to 173,000 at the end of May, a decline of 5 percent over the previous 12 months. The figure has been declining since May 2021, when the number of active leveraged traders hit 275,000.According to the 2024 UK Leverage Trading Report published by Investment Trends, the decline was attributed to subdued new client acquisition and modest reactivation of dormant clients.Improvement in Client QualityHowever, on the positive side, the overall client quality, meaning those who continued to trade, jumped to 124,000 from 110,000 over consecutive years. Further, the number of dormant accounts also improved to 58,000, from 95,000 and 145,000 in the previous two consecutive years, respectively.“The rise in continuing UK traders highlights a positive trend towards more experienced and committed participants,” said Lorenzo Vignati, Associate Director at Investment Trends, commenting on the trends of leveraged traders. “This signifies a maturing market of increasing quality—a clear opportunity for providers to capitalise on."Indeed, the UK has always been one of the top markets when it comes to trading margin forex and CFDs. Another instrument that is popular in the country is financial spread betting, as gains from these instruments are tax-free. First introduced by IG, almost every leveraged trading brokers in the country are offering financial spread betting products.Although many retail brokers have operated from the UK for many years, running their operations in the country and also in continental Europe, following the seal of Brexit in early 2020, brokers were compelled to establish their presence in the EU as well.Currently, 44 percent of the UK’s leveraged trading market is captured by only three trading service providers. However, they have conceded some ground.“As the UK trading market evolves and provider competition intensifies, financial robustness and a diverse asset offering are becoming the key differentiators for provider selection,” Vignati added. "Clients are looking for security and variety in their trading platforms, making these attributes more critical than ever."Client Engagement Is ImportantThe report further outlined that education and client engagement are two critical areas for sustaining trading activities. Interestingly, there is a massive demand for educational resources among novice traders, while 20 percent of inactive traders are also willing to resume trading if better education is provided.“We have seen a growing willingness among UK traders to invest in their financial education, regardless of their experience with leveraged products,” added Vignati. “The next wave, those intending to start in the next 12 months, are the most willing to do so. Providers who keep a sharp focus on education will be in a prime position to attract a more resilient and engaged trading community." This article was written by Arnab Shome at www.financemagnates.com.

Centroid Solutions, a fintech innovator in risk management and execution strategies, has announced an integration with the London Stock Exchange Group's (LSEG) Autex Trade Route technology. The move aims to enhance Centroid's bridging solutions and broaden its clients' access to diverse financial markets.Centroid Solutions Integrates LSEG's Autex Trade RouteThe integration allows Centroid Bridge users to leverage LSEG's Autex technology for connectivity and trade execution across multiple asset classes, including equities, foreign exchange, and bonds.“This achievement not only enhances our bridging solutions but also extends our clients’ reach into diverse financial markets. Through Centroid Bridge, powered by LSEG’s Autex, traders can seamlessly connect and execute trades with enhanced liquidity and efficiency,” Centroid commented in the press release.LSEG's Autex Trade Route is recognized as one of the world's largest global FIX-based order-routing networks, processing over 40 billion shares daily. The network connects more than 1,000 buy-side firms to over 600 brokers through a single FIX connection.The integration may bring some benefits for traders and financial institutions using Centroid's services:Expanded market access across multiple asset classesEnhanced liquidity through LSEG's robust Autex technologyStreamlined trade execution processesCentroid's Latest CollaborationsIn April, BlockFills, a provider of digital asset trading technology and liquidity solutions, announced a strategic integration with Centroid Solutions' institutional-grade connectivity platform, Centroid Bridge. This partnership offers brokers and institutional clients a centralized environment for price management, execution, comprehensive reporting, and access to BlockFills' 24/7 digital asset liquidity.Earlier, in February, Finalto Asia expanded its presence in the Asia-Pacific (APAC) region by collaborating with Centroid Solutions. This partnership focuses on enhancing the trading experience for clients by leveraging Centroid's Bridge Connectivity Engine and Finalto's liquidity services, emphasizing innovation and client-centric solutions.In December 2023, Centroid Solutions enhanced its offerings to multi-asset brokers through a new partnership with TransactCloud. This collaboration provides brokers with round-the-clock operational support and system interoperability services, further bolstering Centroid's comprehensive suite of financial technology services. This article was written by Damian Chmiel at www.financemagnates.com.

The Asia-Pacific (APAC) region has emerged as a global hub for fintech innovation, driven by rapid technological advancements and a growing appetite for digital financial services. As fintech companies continue to disrupt traditional financial systems, regulators across APAC are working diligently to strike a balance between fostering innovation and ensuring stability and consumer protection. Regulatory approaches to fintech in APAC vary significantly across countries, reflecting the diverse economic, political, and cultural contexts within the region. In some markets, regulators have adopted a proactive stance, actively encouraging fintech development through supportive policies and frameworks. Australia represents a balanced approach to fintech regulation, aiming to foster innovation while safeguarding the financial system. The Australian Securities and Investments Commission (ASIC) has been at the forefront of this effort, establishing the Innovation Hub to support fintech startups in navigating the regulatory landscape. Additionally, the Australian Prudential Regulation Authority (APRA) has been instrumental in ensuring that new financial products and services adhere to high standards of prudential oversight, thus maintaining confidence in the financial system.By extension, Singapore has positioned itself as a leading fintech hub by establishing the Monetary Authority of Singapore (MAS) as a forward-thinking regulator. MAS has introduced various initiatives, including regulatory sandboxes, which allow fintech firms to test innovative products and services in a controlled environment without immediately being subjected to the full set of regulatory requirements.Similarly, Hong Kong has taken significant steps to promote fintech innovation. The Hong Kong Monetary Authority (HKMA) has launched the Fintech Supervisory Sandbox, which enables financial institutions and fintech firms to experiment with new technologies under the guidance of the regulator. This initiative has been instrumental in fostering collaboration between traditional banks and fintech startups, leading to the development of innovative solutions that enhance the overall financial ecosystem.In contrast, other APAC countries have adopted a more cautious approach to fintech regulation, prioritizing risk management and consumer protection. In China, for instance, the rapid proliferation of fintech services initially outpaced regulatory oversight, resulting in a series of high-profile incidents and market disruptions. In response, Chinese regulators have tightened their grip on the fintech sector, implementing stringent measures to curb risks associated with peer-to-peer lending, online payment platforms, and cryptocurrency trading. Challenges to Regulators in APACOne of the key challenges faced by regulators in APAC is the pace of technological change in the fintech sector. The rapid development of technologies such as blockchain, artificial intelligence, and big data analytics presents both opportunities and risks. Regulators must stay abreast of these advancements to effectively address emerging threats such as cyberattacks, data breaches, and systemic risks. This requires continuous monitoring and collaboration with industry stakeholders to develop adaptive regulatory frameworks.Consumer protection is another critical aspect of fintech regulation in APAC. As fintech services become increasingly integrated into everyday life, ensuring the security and privacy of consumer data is paramount. The regulatory environment in APAC is also shaped by the need to promote financial inclusion. Fintech has the potential to bridge the gap between underserved populations and financial services, particularly in developing countries. Regulators in markets such as India and Indonesia are focusing on creating an enabling environment for fintech solutions that can enhance financial access and literacy. Despite these efforts, regulatory fragmentation remains a significant challenge in the APAC region. The lack of uniformity in regulatory approaches can create barriers to entry for fintech firms looking to expand across borders. To address this, there is a growing emphasis on regional cooperation and harmonization of regulatory standards. The ASEAN Financial Innovation Network (AFIN) is one such initiative aimed at fostering collaboration among ASEAN member states to create a cohesive regulatory framework that supports fintech innovation while ensuring financial stability and consumer protection.Fintech Regulation on Display at FMPSFintech and the regulatory sphere will take center stage at the upcoming Finance Magnates Pacific Summit (FMPS) on August 27-29 in Sydney, Australia. As a key topic in APAC in 2024, this premium event will explore this space at length, touching on noteworthy challenges, trends, and the future outlook in the region.Registration for FMPS is already open and can be accessed by the following link. Prospective attendees can explore a developing agenda, which includes a healthy focus on fintech and regtech in the APAC region. FMPS will be welcoming thousands of attendees from around the world, connecting them with globally recognized brands, speakers, and experts in the APAC region. As one of this year’s most anticipated events, participants can expect to secure future business partnerships, engage, network, and connect face-to-face with other attendees. This is one event you cannot afford to miss.ConclusionThe future of fintech regulation in APAC will likely be characterized by increased cooperation, adaptive frameworks, and a focus on balancing innovation with risk management. Regulators will need to continue engaging with industry stakeholders, leveraging technology to enhance regulatory oversight, and promoting an inclusive and transparent financial system. As the fintech landscape continues to evolve, the ability of regulators to respond effectively to emerging challenges will be crucial in shaping the future of financial services in the region. This article was written by Jeff Patterson at www.financemagnates.com.

Multi-regulated retail brokerage Markets.com has promoted Dany Mawas to Chief Commercial Officer. Markets.com's parent company, Finalto, has reported strong performance over the past six months under Mawas's leadership.Roles and ResponsibilitiesMawas has held various roles in the financial and technology sectors. Since May 2022, he has been the Director of the Fintech and Crypto Asset Providers Association. He served as Chief Commercial Officer at RaiseFX in 2023. Prior to that, he spent over two years at INFINOX Global, where he was Global Head of Retention and later Regional Director. At INFINOX, he created a global retention sales unit, ensured compliance with legal frameworks, and developed strategies to establish the brand in Africa. Mawas's responsibilities included developing partnerships, sourcing talent, and managing operations. Earlier, he held roles at FXCM, including Managing Director for the UK and Africa, Sales, and Managing Director for Sales, FSR, in South Africa, and led the sales team in France. His experience includes regulatory compliance, strategic planning, brand development, and partnership management.This promotion aligns with Markets.com's plans to expand into key regions, including Latin America, the Middle East and North Africa, Southeast Asia, Europe, and Africa. Mawas will also continue his role as CEO of Finalto South Africa, focusing on business-to-business operations.Finalto's New Singapore OfficeMeanwhile, Finalto Asia Pte Ltd has relocated to a new office in Singapore, emphasizing its focus on enhancing its presence in Asia and expanding its global financial services, as reported by Finance Magnates. This move aligns with Finalto’s strategy to achieve wide-ranging global coverage and cater specifically to emerging local jurisdictions in financial services. Since obtaining its MAS Capital Markets Services license in December 2019, Finalto Asia demonstrated resilience amid COVID-19 Challenges. This strategic relocation supports Finalto’s mission of global expansion and integration into local markets, facilitating growth and accommodating an expanding multinational team. This article was written by Tareq Sikder at www.financemagnates.com.

Sucden Financial, a multi-asset execution and clearing provider, announced on Tuesday an increase in profits and overall net assets for 2023 despite a 13% dip in revenue.Sucden Profit Rises 30%, Revenue Dips in Volatile YearThe London-based company reported profit before taxation of £23.9 million for the year ending December 31, 2023, up 30% from £18.4 million in 2022. Total net assets rose to £168.5 million from £160.7 million the previous year.However, net revenue decreased to £69.7 million from £79.8 million in 2022, reflecting the volatile market environment."We achieved another strong performance in 2023, with profits up by more than 30% and delivered significant returns for shareholders following the completion of a number of strategic initiatives in the year," Marc Bailey, Chief Executive Officer of Sucden Financial, commented.Interestingly, the net revenue was almost at the same level as in the 2021 report, when it amounted to £69.8 million. At that time, the company reported a pre-tax profit of £18.0 million, which was 1,025% higher than during the COVID-19 pandemic year.Sucden Financial has been operating in the market for over 50 years. Starting as a company specializing in commodities trading, it has expanded over the years into other markets, including fixed-income and FX.“We are well-positioned to deliver further growth in the year ahead as we adapt to changing market conditions and further develop our products and systems to create new opportunities for clients,” Bailey added.Sucden's New PartnershipsAt the beginning of this year, Finance Magnates reported that Sucden has partnered with Intercontinental Exchange, Inc. (ICE), a global technology and data provision platform. Through this partnership, Sucden plans to utilize ICE's Portfolio Analytics platform for real-time pricing, trading, and risk management of derivatives, demonstrating a commitment to maintaining a competitive edge in a dynamic market environment.A month earlier, Sucden had also partnered with another exchange, Nasdaq. Both parties renewed their agreement to continue utilizing Nasdaq's Risk Platform. This partnership enables Sucden Financial to improve its real-time monitoring, management, and mitigation of market and liquidity risks across its global proprietary and client trading portfolios. This article was written by Damian Chmiel at www.financemagnates.com.