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.
Retail Broker FXTRADING Appoints Institutional Veteran Adam Phillips as CEO
Marketing in 2026 Audiences, Costs, and Smarter AI
Marketing in 2026 Audiences, Costs, and Smarter AI
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Educators, IBs, And Other Regional Growth Drivers
Educators, IBs, And Other Regional Growth Drivers
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
The Leap to Everything App: Are Brokers There Yet?
The Leap to Everything App: Are Brokers There Yet?
As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Mind The Gap: Can Retail Investors Save the UK Stock Market?
Mind The Gap: Can Retail Investors Save the UK Stock Market?
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
