Today was the final day of the Finance Magnates London Summit (FMLS:23). The agenda was packed with panel discussions, keynote speeches, workshops, and fire-side chats. Also, there were new product launches and, of course, the most-anticipated awards ceremony at Old Billingsgate.

How to Optimize your Tech Stack to Reach a Global Retail Market?

In the competitive retail market, strategic use of technology is an important factor in maintaining a competitive advantage. The focus of most companies is to establish an ideal technological framework in the retail brokerage space.

This framework aims to enhance customer satisfaction and streamline operations for enhanced efficiency, broader customer outreach, and increased customer retention. At the Innovate Stage, Brendan Callan, the CEO of FXCM, discussed in depth how companies can use technology to serve the global retail market.

This approach is about building a tech setup that caters to diverse markets and customers worldwide. It ensures there is inclusivity and adaptability across borders. Crucial to this discussion is user experience. The emphasis here is on crafting an interface that is user-friendly and intuitive.

Tightening Grip? Retail Trading Regulation in 2024

Retail trading regulations will be stricter globally in 2024. How are brokers adapting to the new requirements of the Financial Conduct Authority and the Australian Securities and Investments Commission? At the Innovate Stage, Remonda Kirketerp-Møller, the CEO and Founder of Regtech Muinmos discussed retail trading regulations with Alexander Culley, the CEO of C&G Regulatory Solutions, Matthew Smith, the Group CEO of Ec Markets, and Matt Smith, the CEO of SteelEye.

Smith mentioned: "Passportability of licenses has fallen off a cliff. The industry is trying to be local, around London, Limassol, and the Emirates. People are trying to return to the UK, but we haven't seen a confirmation by the FCA for 18 months."

Click, Click, Cash: Remodelling Payments

At Centre Stage, industry experts discussed key processes driving today's payment landscape. From Africa to the LATAM region, startups are forging payment pathways. Despite some countries clinging to cash in Europe, the shift toward real-time payments reflects a growing reliance on mobile technology for everyday needs, the discussion highlighted.

Discussion on Technology and Products in Retail Trading

Speakers took the stage to discuss the topic "Where's The Alpha? Technology and Products in Retail Trading." Speaking on the use of AI, Vitaly Kudinov, the SVP of Sales and Business Development at Devexperts, said: "ChatGPT is a tool you cannot control, but teach it. We added our AI layer, which answers our clients' questions without exposing them to the internet. AI is like a hammer and an axe; it's powerful, but you need to know how to use it."

Christoforos Theodoulou, the Head of Global Business and Sales at MetaQuotes, rather focused on the possible products for brokers, saying: "For brokers who are willing to go the extra mile can create a dedicated subscription-based program customized for individual traders."

FXCM's CEO Unveils New Trading Platform

Today at FMLS:23, Brendan Callan, the CEO of FXCM, unveiled Tradu, a new multi-asset trading platform targeting traders and investors. The offerings under Tradu will include listed equities, commodities, cryptocurrencies, CFDs, forex, treasuries, and indices.

“Tradu has been built by traders for traders to provide them with the platform they deserve – one that offers access to a variety of markets, all from one seriously powerful, sleek app,” said Callan.

“Too much of the retail trading industry has focused on gimmicky features, trend-chasing, and gamification. Instead, we are laser-focused on serving traders’ needs, offering aggressively competitive pricing, professional trading tools, and a client service team that strives for excellence.”

It will make its debut in the UK markets in December, followed by a global rollout over the coming months. The new platform is a part of Stratos Group International, which operates the FXCM brand and is owned by Jefferies Financial Group.

Callan took to the Inspire stage today (Wednesday) to discuss with Matt Barrett, the CEO and Co-Founder of Adaptive Financial Consulting, the topic "How to Optimise your Tech Stack to Reach a Global Retail Market?"

Agenda for Day 3

There were many interesting sessions lined up for the final day of the elite B2B event. Experts discussed retail trading tech, marketing strategies, crypto sponsorships, and cybersecurity.

Recap from Day 2

As expected, the opening day of FMLS:23 was a hit. The elite venue in London was packed with industry executives, marketers, company representatives, and other attendees.

Dozens of speakers shared their expertise and insights from the three stages. Attendees also visited the company booths across the venue and grew their networks. The day was additionally marked by the presence of a former popular footballer from Chelsea FC.

Today is the last day of FMLS:23. Do not miss the industry awards and the closing party.