Owners of Avail Trading Corp (ATC) operating in Forex and Futures markets as an IB in the US, had just registered a UK-FCA authorised brokerage last August and recently appointed a new Chief Executive Officer to that entity.
Leaving a multi-billion dollar public company to join a smaller private firm that may be on the up-and-up is not always an easy choice but can be rewarding if the timing and conditions are right.
The latest such executive move occurred for Michael Mirarchi, previously Vice President of Citi's FX Prime Brokerage division, who has since left his post at the bank to join the newly FCA-regulated broker, ATC Brokers UK Ltd.
Newly Regulated FCA firm of the NFA Registered-IB ATC brand
The firm appears under common interest/ownership with the senior management behind the NFA regulated Avail Trading Corp (dba ATC Brokers) in the US, based in California.
Mr. David Manoukian, one of the co-founders of the US entity - is also listed with UK entity (as Director) according to information on the UK FCA financial service register - under the name ATC Brokers UK Ltd - which has just received authorization effective August 30, 2013.
Interestingly, while ATC Brokers' US business operates under the regulatory license of an Introducing Broker (IB), under Avail Trading Corp (dba ATC Brokers), since 2005, its registration with the FCA (through the separate entity) can be viewed as an evolutionary step from IB (for the US) to broker (in the UK) where it is able to hold and control Client Money (in the FCA entity-not the US one).
UK Business Availed along with New CEO, and UK Website to Follow
Forex Magnates' reporters reached out to the UK-listed phone number which redirected to a US staffed trade desk covering the European session, and was explained how while there is only website offering at the moment serving its customers - a new website for the UK entity will be launched as well.
After less than a month having joined as CEO, according to a description in a public LinkedIn profile for Mr. Mirarchi, and the recent approval of the UK entity's FCA status, it will be interesting to see what progress is made for the new regulatory hub under the company's brand name.
Regulatory Track Record in US, Helps Lay Groundwork for UK Obligations
With the approval of UK FCA, and experience as a regulated NFA IB for almost a decade, it appears that ATC could be well poised to grow its new venture in Europe, as the allure of non-US traders appeals to US-based brokers, and assuming that the firm already has a significant portion of its book of clients outside of the US to justify new direction.
Either way, the experience in running a sophisticated IB business (with white-labeled and branded platforms) more like a broker than as an IB - looks to have helped lay the ground work for the evolution of the brand's regulatory license additions.
This news follows the small fine for $10,000 by the NFA over a complaint in 2011 related to allegations in NFA's September 11, 2012 complaint, in connection with ATC's solicitation from ILQ to participate in a proprietary price feed concept.
According to the case document, during this time ATC had introduced one customer, whose account only had three mini-lots traded that resulted in a loss of $8.33, and ATC had voluntarily terminated the test with ILQ promptly after inquiry by NFA staff in August 2011, and subsequently denied the allegations NFA alleged in their response posted on the NFA website, related to Pure Ventures/ ILQ, and then came to a settlement with the regulator (on October 23, 2012) agreeing to the fine.
Leaving a multi-billion dollar public company to join a smaller private firm that may be on the up-and-up is not always an easy choice but can be rewarding if the timing and conditions are right.
The latest such executive move occurred for Michael Mirarchi, previously Vice President of Citi's FX Prime Brokerage division, who has since left his post at the bank to join the newly FCA-regulated broker, ATC Brokers UK Ltd.
Newly Regulated FCA firm of the NFA Registered-IB ATC brand
The firm appears under common interest/ownership with the senior management behind the NFA regulated Avail Trading Corp (dba ATC Brokers) in the US, based in California.
Mr. David Manoukian, one of the co-founders of the US entity - is also listed with UK entity (as Director) according to information on the UK FCA financial service register - under the name ATC Brokers UK Ltd - which has just received authorization effective August 30, 2013.
Interestingly, while ATC Brokers' US business operates under the regulatory license of an Introducing Broker (IB), under Avail Trading Corp (dba ATC Brokers), since 2005, its registration with the FCA (through the separate entity) can be viewed as an evolutionary step from IB (for the US) to broker (in the UK) where it is able to hold and control Client Money (in the FCA entity-not the US one).
UK Business Availed along with New CEO, and UK Website to Follow
Forex Magnates' reporters reached out to the UK-listed phone number which redirected to a US staffed trade desk covering the European session, and was explained how while there is only website offering at the moment serving its customers - a new website for the UK entity will be launched as well.
After less than a month having joined as CEO, according to a description in a public LinkedIn profile for Mr. Mirarchi, and the recent approval of the UK entity's FCA status, it will be interesting to see what progress is made for the new regulatory hub under the company's brand name.
Regulatory Track Record in US, Helps Lay Groundwork for UK Obligations
With the approval of UK FCA, and experience as a regulated NFA IB for almost a decade, it appears that ATC could be well poised to grow its new venture in Europe, as the allure of non-US traders appeals to US-based brokers, and assuming that the firm already has a significant portion of its book of clients outside of the US to justify new direction.
Either way, the experience in running a sophisticated IB business (with white-labeled and branded platforms) more like a broker than as an IB - looks to have helped lay the ground work for the evolution of the brand's regulatory license additions.
This news follows the small fine for $10,000 by the NFA over a complaint in 2011 related to allegations in NFA's September 11, 2012 complaint, in connection with ATC's solicitation from ILQ to participate in a proprietary price feed concept.
According to the case document, during this time ATC had introduced one customer, whose account only had three mini-lots traded that resulted in a loss of $8.33, and ATC had voluntarily terminated the test with ILQ promptly after inquiry by NFA staff in August 2011, and subsequently denied the allegations NFA alleged in their response posted on the NFA website, related to Pure Ventures/ ILQ, and then came to a settlement with the regulator (on October 23, 2012) agreeing to the fine.
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 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
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 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
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
The FMLS:25 highlights video is now live - a look back at the conversations, the energy on the floor, and the moments that shaped this year’s summit.
While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
The FMLS:25 highlights video is now live - a look back at the conversations, the energy on the floor, and the moments that shaped this year’s summit.
While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
What sources does the Finance Magnates newsroom rely on before publishing a story? #FinanceNews
What sources does the Finance Magnates newsroom rely on before publishing a story? #FinanceNews
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the editorial process: direct industry sources, reports, regulators, social media signals, and thorough cross-checking before anything goes live.
📰 Industry sources
📊 Reports & regulators
🔎 Verification before publication
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the editorial process: direct industry sources, reports, regulators, social media signals, and thorough cross-checking before anything goes live.
📰 Industry sources
📊 Reports & regulators
🔎 Verification before publication
OnePrime’s Jerry Khargi on Infrastructure, Liquidity & Trust | Executive Interview
OnePrime’s Jerry Khargi on Infrastructure, Liquidity & Trust | Executive Interview
Recorded live at FMLS:25 London, this exclusive executive interview features Jerry Khargi, Executive Director at OnePrime, in conversation with Andrea Badiola Mateos from Finance Magnates.
In this in-depth discussion, Jerry shares:
- OnePrime’s journey from a retail-focused business to a global institutional liquidity provider
- What truly sets award-winning trading infrastructure apart
- Key trends shaping institutional trading, including technology and AI
- The importance of transparency, ethics, and reputation in long-term success
- OnePrime’s vision for growth over the next 12–24 months
Fresh from winning Finance Magnates’ Best Trading Infrastructure Broker, Jerry explains how experience, mentorship, and real-world problem solving form the “special sauce” behind OnePrime’s institutional offering.
🏆 Award Highlight: Best Trading Infrastructure Broker
👉 Subscribe to Finance Magnates for more executive interviews, market insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #OnePrime #InstitutionalTrading #Liquidity #TradingInfrastructure #ExecutiveInterview
Recorded live at FMLS:25 London, this exclusive executive interview features Jerry Khargi, Executive Director at OnePrime, in conversation with Andrea Badiola Mateos from Finance Magnates.
In this in-depth discussion, Jerry shares:
- OnePrime’s journey from a retail-focused business to a global institutional liquidity provider
- What truly sets award-winning trading infrastructure apart
- Key trends shaping institutional trading, including technology and AI
- The importance of transparency, ethics, and reputation in long-term success
- OnePrime’s vision for growth over the next 12–24 months
Fresh from winning Finance Magnates’ Best Trading Infrastructure Broker, Jerry explains how experience, mentorship, and real-world problem solving form the “special sauce” behind OnePrime’s institutional offering.
🏆 Award Highlight: Best Trading Infrastructure Broker
👉 Subscribe to Finance Magnates for more executive interviews, market insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #OnePrime #InstitutionalTrading #Liquidity #TradingInfrastructure #ExecutiveInterview
How does the Finance Magnates newsroom decide which updates are worth covering? #financenews
How does the Finance Magnates newsroom decide which updates are worth covering? #financenews
What makes an update worth covering in financial media?
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, editorial focus starts with relevance: stories that serve the industry, support brokers and technology providers, and help decision-makers navigate their businesses.
A reminder that strong financial journalism is built on value, not volume.
What makes an update worth covering in financial media?
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, editorial focus starts with relevance: stories that serve the industry, support brokers and technology providers, and help decision-makers navigate their businesses.
A reminder that strong financial journalism is built on value, not volume.
