Last week, an Association of over 200 banks in Germany called for the launch of a digital euro.
Reuters
The advent of Facebook’s Libra project has caused quite a bit of regulatory stir across the world.
Government bodies on nearly every continent have come forth to question the project’s motives and mechanics, and--in some cases--to try and shut the project down completely, or at least delay its development.
However, as the eventual launch of Libra or a similar platform seems increasingly inevitable, a growing number of government and financial industry bodies seem to be adopting another approach toward combating the possible negative effects of Libra or something like it: competition.
Indeed, it was the launch of Libra that seems to have catalyzed China to make the final push into preparing the launch of its digital CNY, which is expected to launch in the near future, although the exact timing of the launch is not yet known.
The Association claimed in a statement that this kind of digital money has advantages over the current financial system, including faster transactions and the ability to create smart contracts.
Is the launch of a sovereign digital currency the EU’s best option when it comes to combat the possibility of financial dominance by Libra or a similar project? And would a digital euro improve upon the EU’s current financial system, or would it merely move a set of existing problems onto a new platform?
“Europe must keep up with this competition so that the global financial architecture does not lead to a polarisation between American or Chinese solutions,”
The Association’s statement also acknowledged that while Europe does already have a system for instant digital payments--the Single Euro Payments Area (SEPA)--that it is “not yet possible to integrate it into digital processes and smart contacts.”
Therefore, the banks argue, the banking industry should work together with central banks at the European level to create a new payment infrastructure that addresses the existing problems of the current financial system while retaining the benefits of the current system.
Why is this so important at this particular moment in time? “This is the only way to withstand the competitive pressure from the U.S., and soon probably also Chinese, technology companies,” the statement said, without naming Libra or China’s digital CNY specifically.
“Europe must keep up with this competition so that the global financial architecture does not lead to a polarisation between American or Chinese solutions,” the paper said.
Do national currencies need to “digitize or die”?
Anthony Pompliano, Co-founder & Partner at Morgan Creek Digital and well-known Crypto Twitter commentator, said that this call for a digital Euro signals that “the Great Currency Race is upon us,” and that “national currencies must digitize or die.”
The European Union is now considering launching a digital Euro.
The Great Currency Race is upon us.
National currencies must digitize or die.
— Pomp ? (@APompliano) November 6, 2019
And indeed, regulators around the world have expressed great concern over the fact that Libra or another privately-issued digital currency could have serious consequences for the global financial system.
“If enough Europeans move their money out of the Euro and into private currencies like Libra, it would reduce the effectiveness of monetary policy,” said Charles Phan, Founding Engineer of cryptocurrency exchange Interdax, in an email to Finance Magnates.
Charles Phan, Founding Engineer of cryptocurrency exchange Interdax.
“If enough people switched to Libra or Bitcoin, the amount of broad money in the economy would shrink,” he explained. “In an extreme scenario, the central bank’s duty of providing broad money would cease to be an effective tool to manage interest rates. If interest rates can no longer be managed by the central bank, their power in stimulating the economy vanishes.”
Eric Benz, CEO of cryptocurrency exchange Changelly, added that while Libra may be the first example of a private company attempting to take steps toward creating a global financial network based on digital currency, it certainly won’t be the last.
Eric Benz, CEO of cryptocurrency exchange Changelly
“Projects like Libra are a good example of where we are heading as there will be more to follow Libra’s footsteps. In the coming decade or two, we will see a shift away from government-backed fiat into a more global asset class,” he told Finance Magnates. To that end, “having a digital euro would only help to aid the growth and adoption of this new financial ecosystem.”
”Creating a different form of digital euro won’t make a big difference in the underlying problems.”
However, a number of analysts have pointed out that without significant changes, the digitization of the Euro wouldn’t bring any real benefits with it; instead, it would merely transplant a flawed system onto a new kind of platform.
“The Euro is already digital and the European Central Bank has a hard enough time managing its currency as is,” wrote Director, Digital Assets Strategy at VanEck/MVIS, in response to Anthony Pompliano’s tweet on the call for the digital euro. “Creating a different form of digital euro won’t make a big difference in the underlying problems.[...]”
The Euro is already digital and the European Central Bank has a hard enough time managing its currency as is. Creating a different form of digital euro won’t make a big difference in the underlying problems. Adopting Bitcoin might make a difference.
Indeed, in an interview with Finance Magnatesconducted earlier this week, Daniel Popa, CEO of stablecoin Anchor, explained that fiat-pegged stablecoins (which is what the digital euro would likely be) have the same kinds of problems that fiat currencies do.
“While [fiat-backed stablecoins are] a natural transition in the evolution of digital currencies since fiat is what we are most familiar with, these assets are mere digitizations of the current flawed monetary systems,” Popa told Finance Magnates. “Fiat currencies and fiat-pegged stablecoins are susceptible to inflation, depreciation, and other external economic forces that cause instability.”
Phan also explained that there could be a number of other logistical concerns when it comes to the development of something like a digital Euro. “The main risk of a digital euro relates to the transition to a new financial system, which requires careful design and extensive testing of the infrastructure,” he said.
“A blockchain-based currency for the Eurozone may also involve the introduction of new legislation and would require coordination with foreign banks and financial institutions. As there is no historical experience to draw on, introducing a digital euro would need to go through a lot of scrutiny, testing, and planning.”
This would include the development and implementation of a suitable consensus model. “The design of any distributed system must also tackle the problem of how to ensure that consensus is achieved between all participants,” Phan said. “A digital euro would entail costs related to storage and synchronization of multiple ledgers and these costs will increase if there is a lack of trust between participants.”
Even if these kinds of logistical problems are solved, Eric Benz pointed out that building user trust in a new economic system could pose its own set of challenges “As stable coins quickly flood the market we have to ask ourselves, ‘who do we actually trust?’,” he said.
“I trust the euros in my bank, but can I trust a crypto euro? The problems are easy to point out but one obvious one would be, ‘trust.’ Changing a consumer mindset when it comes to money is a very difficult process and one we have been trying to do for thousands of years.”
Indeed, “in terms of financial stability, the overall effect of introducing a blockchain-based EUR is not clear,” Charles Phan said. “There will be some benefits (more efficient and resilient payment infrastructure) but the costs could outweigh these benefits. Mismanagement of the transition could be fatal."
Additionally, Justin Smith, CTO of SIBEX AG, said to Finance Magnates that “there are a number of considerations to take into account here; How is it secured? Is there a back door? Can it be used freely, as a bearer instrument? The design decisions will have far-reaching consequences.”
Justin Smith, CTO of SIBEX AG.
A digital euro could pose a trade-off between data privacy and efficiency
Still, though, a digital euro could potentially have benefits outside of simply faster payments and smart contracts.
“The introduction of a more efficient means to boost trade and liquidity across global markets is a big step in the inevitable direction of change,” Eric Benz said.
“The digital euro would be able to move across markets and boost the economy in a much more efficient manner. The ability to then trade digital euro for other digital currencies like the CNY would mean that we open up new ways to boost each currency but in a way that is blockchain-based.”
Additionally, Charles Phan pointed to “an increase in competition in the provision of deposit accounts and payment services,” as well as greater accessibility to central banks and possible protection against bank failure.
Phan also said that “a blockchain-based euro would provide a wealth of real-time data in which could have positive effects on policy-making”--which, of course, brings up the question of data privacy and the digital euro.
“The paper put forward by the German banks wants every user of a digital euro to be identifiable, which means linking currency to identities,” Phan said, “something that Bitcoin avoids.”
“How identities would be protected and kept private is another open question. The Know-Your-Customer function could fall on the central bank, and all of your transactions would be traced by the central bank and they’d probably share this information with the relevant tax agencies and authorities. “
“This is a scenario whereby the ECB is damned if it does, and damned if it doesn't.”
Jeffrey Cammack, COO & Editorial Director of FX Scouts, told Finance Magnates that there may come a point when the European Central Bank essentially has no choice but to pursue the launch of a digital euro--and that that point may have already come.
Jeffrey Cammack, COO & Editorial Director of FX Scouts.
“This is a scenario whereby the ECB is damned if it does, and damned if it doesn't,” Cammack said. “The future of currency will become more global and more liberalized, and there is no way for the Eurozone to get away from that.”
“While the Euro will never be able to be liberalized to the extent of other leading cryptocurrencies or Libra, but there is a possibility to create movement away from the rigid economic structures currently in place,” he continued.
“Just how far will remain to be seen, because the stability of a currency requires trust in the management of the currency, and unless governments lose the faith of their population, governments will remain the golden standard of trust.”
The advent of Facebook’s Libra project has caused quite a bit of regulatory stir across the world.
Government bodies on nearly every continent have come forth to question the project’s motives and mechanics, and--in some cases--to try and shut the project down completely, or at least delay its development.
However, as the eventual launch of Libra or a similar platform seems increasingly inevitable, a growing number of government and financial industry bodies seem to be adopting another approach toward combating the possible negative effects of Libra or something like it: competition.
Indeed, it was the launch of Libra that seems to have catalyzed China to make the final push into preparing the launch of its digital CNY, which is expected to launch in the near future, although the exact timing of the launch is not yet known.
The Association claimed in a statement that this kind of digital money has advantages over the current financial system, including faster transactions and the ability to create smart contracts.
Is the launch of a sovereign digital currency the EU’s best option when it comes to combat the possibility of financial dominance by Libra or a similar project? And would a digital euro improve upon the EU’s current financial system, or would it merely move a set of existing problems onto a new platform?
“Europe must keep up with this competition so that the global financial architecture does not lead to a polarisation between American or Chinese solutions,”
The Association’s statement also acknowledged that while Europe does already have a system for instant digital payments--the Single Euro Payments Area (SEPA)--that it is “not yet possible to integrate it into digital processes and smart contacts.”
Therefore, the banks argue, the banking industry should work together with central banks at the European level to create a new payment infrastructure that addresses the existing problems of the current financial system while retaining the benefits of the current system.
Why is this so important at this particular moment in time? “This is the only way to withstand the competitive pressure from the U.S., and soon probably also Chinese, technology companies,” the statement said, without naming Libra or China’s digital CNY specifically.
“Europe must keep up with this competition so that the global financial architecture does not lead to a polarisation between American or Chinese solutions,” the paper said.
Do national currencies need to “digitize or die”?
Anthony Pompliano, Co-founder & Partner at Morgan Creek Digital and well-known Crypto Twitter commentator, said that this call for a digital Euro signals that “the Great Currency Race is upon us,” and that “national currencies must digitize or die.”
The European Union is now considering launching a digital Euro.
The Great Currency Race is upon us.
National currencies must digitize or die.
— Pomp ? (@APompliano) November 6, 2019
And indeed, regulators around the world have expressed great concern over the fact that Libra or another privately-issued digital currency could have serious consequences for the global financial system.
“If enough Europeans move their money out of the Euro and into private currencies like Libra, it would reduce the effectiveness of monetary policy,” said Charles Phan, Founding Engineer of cryptocurrency exchange Interdax, in an email to Finance Magnates.
Charles Phan, Founding Engineer of cryptocurrency exchange Interdax.
“If enough people switched to Libra or Bitcoin, the amount of broad money in the economy would shrink,” he explained. “In an extreme scenario, the central bank’s duty of providing broad money would cease to be an effective tool to manage interest rates. If interest rates can no longer be managed by the central bank, their power in stimulating the economy vanishes.”
Eric Benz, CEO of cryptocurrency exchange Changelly, added that while Libra may be the first example of a private company attempting to take steps toward creating a global financial network based on digital currency, it certainly won’t be the last.
Eric Benz, CEO of cryptocurrency exchange Changelly
“Projects like Libra are a good example of where we are heading as there will be more to follow Libra’s footsteps. In the coming decade or two, we will see a shift away from government-backed fiat into a more global asset class,” he told Finance Magnates. To that end, “having a digital euro would only help to aid the growth and adoption of this new financial ecosystem.”
”Creating a different form of digital euro won’t make a big difference in the underlying problems.”
However, a number of analysts have pointed out that without significant changes, the digitization of the Euro wouldn’t bring any real benefits with it; instead, it would merely transplant a flawed system onto a new kind of platform.
“The Euro is already digital and the European Central Bank has a hard enough time managing its currency as is,” wrote Director, Digital Assets Strategy at VanEck/MVIS, in response to Anthony Pompliano’s tweet on the call for the digital euro. “Creating a different form of digital euro won’t make a big difference in the underlying problems.[...]”
The Euro is already digital and the European Central Bank has a hard enough time managing its currency as is. Creating a different form of digital euro won’t make a big difference in the underlying problems. Adopting Bitcoin might make a difference.
Indeed, in an interview with Finance Magnatesconducted earlier this week, Daniel Popa, CEO of stablecoin Anchor, explained that fiat-pegged stablecoins (which is what the digital euro would likely be) have the same kinds of problems that fiat currencies do.
“While [fiat-backed stablecoins are] a natural transition in the evolution of digital currencies since fiat is what we are most familiar with, these assets are mere digitizations of the current flawed monetary systems,” Popa told Finance Magnates. “Fiat currencies and fiat-pegged stablecoins are susceptible to inflation, depreciation, and other external economic forces that cause instability.”
Phan also explained that there could be a number of other logistical concerns when it comes to the development of something like a digital Euro. “The main risk of a digital euro relates to the transition to a new financial system, which requires careful design and extensive testing of the infrastructure,” he said.
“A blockchain-based currency for the Eurozone may also involve the introduction of new legislation and would require coordination with foreign banks and financial institutions. As there is no historical experience to draw on, introducing a digital euro would need to go through a lot of scrutiny, testing, and planning.”
This would include the development and implementation of a suitable consensus model. “The design of any distributed system must also tackle the problem of how to ensure that consensus is achieved between all participants,” Phan said. “A digital euro would entail costs related to storage and synchronization of multiple ledgers and these costs will increase if there is a lack of trust between participants.”
Even if these kinds of logistical problems are solved, Eric Benz pointed out that building user trust in a new economic system could pose its own set of challenges “As stable coins quickly flood the market we have to ask ourselves, ‘who do we actually trust?’,” he said.
“I trust the euros in my bank, but can I trust a crypto euro? The problems are easy to point out but one obvious one would be, ‘trust.’ Changing a consumer mindset when it comes to money is a very difficult process and one we have been trying to do for thousands of years.”
Indeed, “in terms of financial stability, the overall effect of introducing a blockchain-based EUR is not clear,” Charles Phan said. “There will be some benefits (more efficient and resilient payment infrastructure) but the costs could outweigh these benefits. Mismanagement of the transition could be fatal."
Additionally, Justin Smith, CTO of SIBEX AG, said to Finance Magnates that “there are a number of considerations to take into account here; How is it secured? Is there a back door? Can it be used freely, as a bearer instrument? The design decisions will have far-reaching consequences.”
Justin Smith, CTO of SIBEX AG.
A digital euro could pose a trade-off between data privacy and efficiency
Still, though, a digital euro could potentially have benefits outside of simply faster payments and smart contracts.
“The introduction of a more efficient means to boost trade and liquidity across global markets is a big step in the inevitable direction of change,” Eric Benz said.
“The digital euro would be able to move across markets and boost the economy in a much more efficient manner. The ability to then trade digital euro for other digital currencies like the CNY would mean that we open up new ways to boost each currency but in a way that is blockchain-based.”
Additionally, Charles Phan pointed to “an increase in competition in the provision of deposit accounts and payment services,” as well as greater accessibility to central banks and possible protection against bank failure.
Phan also said that “a blockchain-based euro would provide a wealth of real-time data in which could have positive effects on policy-making”--which, of course, brings up the question of data privacy and the digital euro.
“The paper put forward by the German banks wants every user of a digital euro to be identifiable, which means linking currency to identities,” Phan said, “something that Bitcoin avoids.”
“How identities would be protected and kept private is another open question. The Know-Your-Customer function could fall on the central bank, and all of your transactions would be traced by the central bank and they’d probably share this information with the relevant tax agencies and authorities. “
“This is a scenario whereby the ECB is damned if it does, and damned if it doesn't.”
Jeffrey Cammack, COO & Editorial Director of FX Scouts, told Finance Magnates that there may come a point when the European Central Bank essentially has no choice but to pursue the launch of a digital euro--and that that point may have already come.
Jeffrey Cammack, COO & Editorial Director of FX Scouts.
“This is a scenario whereby the ECB is damned if it does, and damned if it doesn't,” Cammack said. “The future of currency will become more global and more liberalized, and there is no way for the Eurozone to get away from that.”
“While the Euro will never be able to be liberalized to the extent of other leading cryptocurrencies or Libra, but there is a possibility to create movement away from the rigid economic structures currently in place,” he continued.
“Just how far will remain to be seen, because the stability of a currency requires trust in the management of the currency, and unless governments lose the faith of their population, governments will remain the golden standard of trust.”
Rachel is a self-taught crypto geek and a passionate writer. She believes in the power that the written word has to educate, connect and empower individuals to make positive and powerful financial choices. She is the Podcast Host and a Cryptocurrency Editor at Finance Magnates.
CFTC Drops Prediction Markets Ban Proposal, Aligns With SEC on Crypto Oversight
Featured Videos
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights