Author: Desmond Brooks

Centroid Solutions, a financial technology provider, has completed its integration with SNB Capital, Saudi Arabia’s largest investment bank. This partnership enables international brokers to access Saudi Arabia’s $2.6 trillion stock market directly, marking a significant expansion of Centroid’s reach in the Middle East. Expanding Middle East Market Access Through this integration, brokers using Centroid’s connectivity platform can now execute trades on the Saudi Exchange (Tadawul) via SNB Capital’s infrastructure. This setup provides international brokers streamlined access to the largest stock market in the Middle East, where economic reforms and market liberalization efforts continue to attract foreign investment. SNB Capital, managing…

StoneX Group has strengthened its foothold in India by joining the International Bullion Exchange (IIBX) and opening new offices in Bangalore and Pune. Since entering the Indian market in 2019, StoneX has grown significantly, now employing over 550 people in India out of a global workforce of more than 4,300. Expansion in India Commenting on StoneX’s expansion, APAC CEO Greg Kallinikos stated, “India’s leadership in technological innovation across multiple sectors makes it a strategic choice for expanding our technology and support services.” He highlighted India’s skilled financial services talent as a key factor in establishing the company’s Global Capability Centres…

Since its inception in 2010, IronFX has evolved into a globally recognized broker, serving over 1.5 million clients in 180 countries. Known for its customer-centered approach, IronFX is committed to transparency and solid trading practices. Here are seven key ways IronFX continues to build and maintain trust with its global clientele. 1. Setting Industry Standards IronFX has set a high benchmark in online trading, with over 40 awards, including the “Top 100 Trusted Financial Institution 2024.” These accolades reflect IronFX’s ongoing commitment to excellence and high service standards. 2. Financial Transparency and Compliance IronFX upholds transparent trading conditions by providing…

BGC Group has reported a strong third quarter, highlighted by a 16% year-over-year revenue increase to $561 million, driven by robust performance across all asset classes and regions. Additionally, pre-tax adjusted earnings rose by over 24%, reflecting the company’s focus on expanding both traditional and emerging markets. Strong Performance Across All Divisions A significant contributor to BGC’s growth was its Fenics division, which posted a 13.3% increase in revenue, reaching $142.1 million. Fenics Growth Platforms, including FMX and PortfolioMatch, showed substantial gains as the company further strengthened its position in electronic trading. BGC has also completed its acquisition of Sage…

Match-Trader has launched prop trading tournaments and rolled out significant platform updates, including automated payment conversions and new social features, to enhance the trading experience for brokers and traders alike. The tournaments, designed to attract and retain active traders, allow participants to compete in a simulated environment with structured rules and rewards. This setup enables users to refine their skills in realistic conditions, making the experience both educational and engaging. Prop Trading Tournaments for Skill Development and Engagement Match-Trader’s prop trading tournaments provide a simulated trading environment with guidelines on daily and maximum losses, evaluation criteria, and incentives for top…

NinjaTrader, a leading retail futures trading platform, has appointed futures trading veteran Anthony Crudele as Senior Vice President of NinjaTrader Live, aiming to bolster its educational offerings. Crudele, a former CME floor trader with 29 years of industry experience, will lead NinjaTrader’s live streaming program, providing traders with real-time insights and guidance across skill levels. Strengthening Educational Content Crudele’s new role aligns with NinjaTrader’s mission to make futures trading education more accessible. CEO Martin Franchi noted that Crudele’s expertise will enrich NinjaTrader’s educational platform, offering traders knowledge “not easily accessible elsewhere.” As the futures market grows, NinjaTrader is focusing on…

The Cyprus Securities and Exchange Commission (CySEC) has fully suspended the license of Viverno Markets Ltd, formerly known as BDSwiss Holding Ltd, over alleged regulatory breaches. Viverno, which operates as a business to business (B2B) provider offering liquidity and technology solutions for contracts for differences (CFDs) brokers, must address compliance issues within one month. Non-Compliance Allegations Against Viverno According to CySEC, Viverno, a Cyprus Investment Firm (CIF) licensed company, is suspected of not meeting regulations requiring “at least two individuals who effectively direct the business.” CySEC’s decision highlights concerns over client protection and market integrity, as stated by the regulatory…

The New York Stock Exchange (NYSE), under Intercontinental Exchange, Inc., has unveiled plans to extend weekday trading hours on its NYSE Arca equities exchange, potentially allowing trading for 22 hours a day. This expansion, pending approval from the U.S. Securities and Exchange Commission (SEC), would make all U.S.-listed stocks, ETFs, and closed end funds available during these extended hours. If approved, the new trading schedule would run from 1:30 AM to 11:30 PM Eastern Time, Monday through Friday, excluding holidays. NYSE Arca, known for its all-electronic trading environment, leads the U.S. market for listing and trading exchange-traded funds (ETFs). Kevin…

The Cyprus Securities and Exchange Commission (CySEC) has issued a €30,000 penalty to Plum, a smart money management app, for various compliance infractions. The fine addresses multiple failures in maintaining required capital and liquidity standards and delays in filing regulatory reports. The investigation by CySEC revealed that Plum Money CY Limited, the entity operating Plum under CySEC regulation, did not meet the necessary capital levels as of December 31, 2023. Specifically: While the fine may not significantly impact Plum’s finances, given the company’s recent successful fundraising, it highlights CySEC’s scrutiny over regulated entities. Plum Raises £16 Million in Series B…

U.S. based forex broker tastyfx has announced a new partnership with TradingView, a popular charting platform, allowing users to trade forex directly through TradingView. This integration brings advanced trading tools and analytical features to tastyfx customers, offering an improved trading experience. tastyfx Expands Features with TradingView Integration Through this collaboration, tastyfx clients will gain access to an array of features designed to enhance their trading performance. These include industry standard charting tools, sophisticated technical analysis features, and real time market alerts. Additionally, traders can utilize an in-depth analytical suite, a strategy tester, and develop custom indicators using Pine Script, TradingView’s…