Finvasia CEO’s Overhaul Call: “Fundamental Disconnect Between Traders and Brokers”
- Tajinder Virk, who controls brands like Shoonya and FXview, challenges the current brokerage model—from the lure of zero commission to B-book execution: “We are here to question why the system looks the way it does.”
- “If a trader makes a rational decision, statistically, they have a 50% chance of being right. Add spreads and slippage, and the odds deteriorate with every trade. It’s a negative-sum game dressed up as a product.”
Tuesday, 13/05/2025 | 11:32 GMT by
“Hidden Road Has 20x More Balance Sheet Demand Than Supply; the Ripple Deal Solves This”
- Finance Magnates sat down with Michael Higgins, the International CEO of Hidden Road, after Ripple agreed to acquire the crypto prime broker for $1.25 billion.
- “Ripple was well known to Hidden Road as a customer. Hidden Road was known to members of the Ripple management team. There was a natural relationship between our firms.”
Thursday, 24/04/2025 | 12:42 GMT by
“The Knee on Crypto's Neck is Lifting”: Hidden Road's Higgins on MiCA, Industry's Future
- Finance Magnates spoke with Hidden Road's International CEO, Michael Higgins, about recent crypto regulations in Europe.
- Higgins states that “having a pro-innovative regulation like we did in the early days of the Internet is really important.”
Friday, 21/02/2025 | 08:46 GMT by
“You Don’t Want to Prop Trade with Someone More Focused on Showing Off Their Lamborghinis”
- Forex expert Kathy Lien discusses her new book, Prop Trading Secrets, which features interviews with champions and industry veterans.
- “There are too many fly-by-night prop firms; broker-backed firms bring legitimacy to the industry,” says Lien.
Thursday, 23/01/2025 | 12:37 GMT by
Yam Yehoshua
Brokers Are Leaving MetaTrader Behind When Integrating TradingView: Here's Why
- MetaQuotes has been increasingly enforcing a clause in its contract to restrict brokers from integrating with third-party platforms, such as TradingView.
- An industry expert believes that MetaQuotes “does not want traders getting used to any other front ends.”
Wednesday, 11/12/2024 | 11:04 GMT by
Strategizing to Ensure “I Don't Hire More People Than I’d Like to Oversee”: Rostro’s Ayres
- Finance Magnates recently interviewed Michael Ayres, Group CEO of Rostro Group, to discuss the latest hires and expansion plans.
- "To be honest, it was more of a surprise," Ayres on Scope Prime's hiring of Lochlan White.
Tuesday, 15/10/2024 | 13:40 GMT by
Yam Yehoshua
Exclusive: 26 Degrees Is Surrendering Its CySEC Licence
- Regulatory challenges, along with other business decisions, have prompted the company to surrender its CySEC licence.
- It will keep the Cyprus office open as a branch for supporting its international activities.
Thursday, 10/10/2024 | 03:56 GMT by
Yam Yehoshua
Exclusive: “Prop Trading Will Fall under Robust Regulation at Some Point”, CySEC Chair
- Dr. George Theocharides confirmed to Finance Magnates that “there will certainly be more scrutiny on [prop trading] firms in the near future.”
- He further pointed out that there will be “a lot of scrutiny across Europe” under MiCA and seeks judicial reform in Cyprus.
Tuesday, 16/07/2024 | 10:44 GMT by
Yam Yehoshua
Exclusive: Regulators Conducted Preliminary Reviews on Potential Prop Trading Regulations
- Finance Magnates has learned that the ESMA held a discussion around prop trading regulations.
- Muinmos' CEO reveals that regulators are "conducting studies, gathering data, and engaging in consultations" for possible prop regulations.
Friday, 31/05/2024 | 06:49 GMT by
Yam Yehoshua
Exclusive: Prop Trading Firm FTMO Halts US Client Acquisition amid MetaQuotes Crackdown
- The firm informed its clients about the migration to the new DXtrade platform.
- New traders attempting to register from a US IP address were unable to complete the registration form.
Sunday, 18/02/2024 | 13:10 GMT by
Yam Yehoshua
Exclusive: Trade.com Undergoes Management Buyout as Part of Restructuring Plan
- The ongoing restructuring involves launching new product lines and accelerating growth in new regions.
- The company will focus on Italy with its recently acquired CONSOB license, LATAM and emerging markets.
Wednesday, 29/11/2023 | 13:36 GMT by
Yam Yehoshua
Breaking: US Court Orders Release of Majority of My Forex Funds Founder's Assets
- Murtuza Kazmi will receive approximately $100 million, but $12 million remains frozen.
- The court upheld the "first impression evidence" submitted by the CFTC against My Forex Funds.
Tuesday, 14/11/2023 | 22:03 GMT by
Yam Yehoshua
Exclusive | CySEC's Chair: Regulators Should Be 'Careful' with AI
- In part 2 of our interview, Dr George Theocharides talks AI, fintech, and the FTX saga.
- The SEC's "aggressive stance" towards Binance and Coinbase is an attempt to create "a structure."
Thursday, 20/07/2023 | 09:00 GMT by
Yam Yehoshua
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