BUX Raises $12.5 Million, ESMA Praises Binary Bans: Editor’s Pick
- Catch up on the top and most interesting stories in the forex and crypto space over the past week.
Interview with Intertrader’s CEO Shai Heffetz
Intertrader has been quietly making some big changes. Recently the broker has acquired two firms - Sigma Trading and Argon Financial.
With those two acquisitions in mind, as well as a large-scale rebranding effort on the part of Intertrader, Finance Magnates spoke with the CEO of the broker, Shai Heffetz, to find out what the firm’s plans are for the future.
You can take a look at the whole interview here.
BUX Raises $12.5 Million to Acquire Ayondo UK Subsidiary
This week, retail brokerage BUX announced that it had raised $12.5 million in funding. As Finance Magnates reported, that money will be put towards acquiring Ayondo Markets Limited (AML), the UK-regulated subsidiary of brokerage giant Ayondo.
The money that BUX raised came predominantly from venture capital firms Velocity Capital and Holtzbrinck Ventures.
ESMA Praises Binary Bans and CFD Restrictions
Over the past few months, more and more financial regulators within Europe have either implemented permanent national rules that mirror the European Securities and Markets Authority’s (ESMA) product intervention measures against binary options and CFDs or have announced they are planning to do so.
This week ESMA issued five positive opinions on the introduction of similar rules by other national regulators across Europe. As you can expect, the pan-European regulator is extremely pleased with the movement. Read more here.
Craig Wright Ordered to Show Up in Court
Craig Wright, the self-proclaimed creator of Bitcoin, has been ordered by a Florida judge to attend court proceedings next week after his motion to postpone the case or allow his attendance via video conferencing was rejected.
The case, which was filed against Wright by the estate of the late IT security expert Dave Kleiman, alleges him of stealing between 500,000 and 1 million bitcoin. Find out the details here.
Broadridge Acquires RPM Technologies for $300 Million
Having only announced the deal last month, Broadridge Financial Solutions revealed this week that it had completed its acquisition of RPM Technologies, a Toronto-based provider of enterprise wealth management software solutions and services.
As Finance Magnates reported, Broadridge is going to pay $300 million to acquire RPM Technologies. Though there were several sellers, Bayshore Capital – a Canadian real estate, financial services, and technology private equity firm – was RPM Technologies’ biggest shareholder.
Interview: STOs Are the Future of Fundraising
Various kinds of token sales have been an extremely important part of the rise of cryptocurrency. Initial Coin Offerings (ICOs), Initial Exchange Offerings (IEOs) and Security Token Offerings (STOs) have typically been the most popular choice.
However, in an interview with Finance Magnates, Adv. Ziv Keinan, the founder of Ziv Keinan Digital Assets Lawyers, said that STOs are the future of crypto fundraising.
But that’s not all he said, as Keinan also discussed the past, present, and future of the Security Token space. Check out the full interview here.
Seed CX Partners with Caspian
Seed CX, an institutional digital asset exchange, is expanding its reach through a new partnership with Caspian, which provides a crypto portfolio and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, most brokers employ a risk management department tasked with analyzing the data and flow of the broker to mitigate the firm’s exposure to financial markets moves. Why Risk Management is a Fixture Among BrokersTraditionally the company is employing a risk management team that is monitoring the exposure of the brokerage and the performance of select clients which it deems risky for the business. Common financial risks also come in the form of high inflation, volatility across capital markets, recession, bankruptcy, and others.As a countermeasure to these issues, brokers have looked to minimize and control the exposure of investment to such risks.In the modern hybrid mode of operation, brokers are sending out the flows from the most profitable clients to liquidity providers and internalize the flows from customers.This is deemed less risky and are likely to incur losses on their positions.This in turn allowing the broker to increase its revenue capture. Several software solutions exist to assist brokers to manage risk more efficiently and as of 2018, most connectivity/bridge providers are integrating a risk-management module into their offerings. This aspect of running a brokerage is also one of the most crucial ones when it comes to employing the right kind of talent. One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, most brokers employ a risk management department tasked with analyzing the data and flow of the broker to mitigate the firm’s exposure to financial markets moves. Why Risk Management is a Fixture Among BrokersTraditionally the company is employing a risk management team that is monitoring the exposure of the brokerage and the performance of select clients which it deems risky for the business. Common financial risks also come in the form of high inflation, volatility across capital markets, recession, bankruptcy, and others.As a countermeasure to these issues, brokers have looked to minimize and control the exposure of investment to such risks.In the modern hybrid mode of operation, brokers are sending out the flows from the most profitable clients to liquidity providers and internalize the flows from customers.This is deemed less risky and are likely to incur losses on their positions.This in turn allowing the broker to increase its revenue capture. Several software solutions exist to assist brokers to manage risk more efficiently and as of 2018, most connectivity/bridge providers are integrating a risk-management module into their offerings. This aspect of running a brokerage is also one of the most crucial ones when it comes to employing the right kind of talent. Read this Term platform, as Finance Magnates reported.
Under the partnership, Seed CX will be integrated as a trading venue on Caspian’s trading and portfolio management system, which includes an OEMS, PMS, and RMS. Once the integration is complete, Caspian’s users would be able to access Seed CX’s crypto asset exchange.
Two Ex-Swissquote Execs Launch Guru Capital SA
After stepping down from his role as head of FX trading at Swissquote, Ryan Nettles is now a Managing Partner at Guru Capital SA, a private equity firm based in Switzerland. Joining Nettles is Luca Merolla, who is the second Managing Partner and a former executive at Swissquote.
Nettles confirmed the new venture to Finance Magnates and said Guru Capital is currently seeking investment opportunities with active companies in the EMEA and APAC regions who have a special focus on FX & CFD brokerage, asset management, and FinTech.
Interview with Intertrader’s CEO Shai Heffetz
Intertrader has been quietly making some big changes. Recently the broker has acquired two firms - Sigma Trading and Argon Financial.
With those two acquisitions in mind, as well as a large-scale rebranding effort on the part of Intertrader, Finance Magnates spoke with the CEO of the broker, Shai Heffetz, to find out what the firm’s plans are for the future.
You can take a look at the whole interview here.
BUX Raises $12.5 Million to Acquire Ayondo UK Subsidiary
This week, retail brokerage BUX announced that it had raised $12.5 million in funding. As Finance Magnates reported, that money will be put towards acquiring Ayondo Markets Limited (AML), the UK-regulated subsidiary of brokerage giant Ayondo.
The money that BUX raised came predominantly from venture capital firms Velocity Capital and Holtzbrinck Ventures.
ESMA Praises Binary Bans and CFD Restrictions
Over the past few months, more and more financial regulators within Europe have either implemented permanent national rules that mirror the European Securities and Markets Authority’s (ESMA) product intervention measures against binary options and CFDs or have announced they are planning to do so.
This week ESMA issued five positive opinions on the introduction of similar rules by other national regulators across Europe. As you can expect, the pan-European regulator is extremely pleased with the movement. Read more here.
Craig Wright Ordered to Show Up in Court
Craig Wright, the self-proclaimed creator of Bitcoin, has been ordered by a Florida judge to attend court proceedings next week after his motion to postpone the case or allow his attendance via video conferencing was rejected.
The case, which was filed against Wright by the estate of the late IT security expert Dave Kleiman, alleges him of stealing between 500,000 and 1 million bitcoin. Find out the details here.
Broadridge Acquires RPM Technologies for $300 Million
Having only announced the deal last month, Broadridge Financial Solutions revealed this week that it had completed its acquisition of RPM Technologies, a Toronto-based provider of enterprise wealth management software solutions and services.
As Finance Magnates reported, Broadridge is going to pay $300 million to acquire RPM Technologies. Though there were several sellers, Bayshore Capital – a Canadian real estate, financial services, and technology private equity firm – was RPM Technologies’ biggest shareholder.
Interview: STOs Are the Future of Fundraising
Various kinds of token sales have been an extremely important part of the rise of cryptocurrency. Initial Coin Offerings (ICOs), Initial Exchange Offerings (IEOs) and Security Token Offerings (STOs) have typically been the most popular choice.
However, in an interview with Finance Magnates, Adv. Ziv Keinan, the founder of Ziv Keinan Digital Assets Lawyers, said that STOs are the future of crypto fundraising.
But that’s not all he said, as Keinan also discussed the past, present, and future of the Security Token space. Check out the full interview here.
Seed CX Partners with Caspian
Seed CX, an institutional digital asset exchange, is expanding its reach through a new partnership with Caspian, which provides a crypto portfolio and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, most brokers employ a risk management department tasked with analyzing the data and flow of the broker to mitigate the firm’s exposure to financial markets moves. Why Risk Management is a Fixture Among BrokersTraditionally the company is employing a risk management team that is monitoring the exposure of the brokerage and the performance of select clients which it deems risky for the business. Common financial risks also come in the form of high inflation, volatility across capital markets, recession, bankruptcy, and others.As a countermeasure to these issues, brokers have looked to minimize and control the exposure of investment to such risks.In the modern hybrid mode of operation, brokers are sending out the flows from the most profitable clients to liquidity providers and internalize the flows from customers.This is deemed less risky and are likely to incur losses on their positions.This in turn allowing the broker to increase its revenue capture. Several software solutions exist to assist brokers to manage risk more efficiently and as of 2018, most connectivity/bridge providers are integrating a risk-management module into their offerings. This aspect of running a brokerage is also one of the most crucial ones when it comes to employing the right kind of talent. One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, most brokers employ a risk management department tasked with analyzing the data and flow of the broker to mitigate the firm’s exposure to financial markets moves. Why Risk Management is a Fixture Among BrokersTraditionally the company is employing a risk management team that is monitoring the exposure of the brokerage and the performance of select clients which it deems risky for the business. Common financial risks also come in the form of high inflation, volatility across capital markets, recession, bankruptcy, and others.As a countermeasure to these issues, brokers have looked to minimize and control the exposure of investment to such risks.In the modern hybrid mode of operation, brokers are sending out the flows from the most profitable clients to liquidity providers and internalize the flows from customers.This is deemed less risky and are likely to incur losses on their positions.This in turn allowing the broker to increase its revenue capture. Several software solutions exist to assist brokers to manage risk more efficiently and as of 2018, most connectivity/bridge providers are integrating a risk-management module into their offerings. This aspect of running a brokerage is also one of the most crucial ones when it comes to employing the right kind of talent. Read this Term platform, as Finance Magnates reported.
Under the partnership, Seed CX will be integrated as a trading venue on Caspian’s trading and portfolio management system, which includes an OEMS, PMS, and RMS. Once the integration is complete, Caspian’s users would be able to access Seed CX’s crypto asset exchange.
Two Ex-Swissquote Execs Launch Guru Capital SA
After stepping down from his role as head of FX trading at Swissquote, Ryan Nettles is now a Managing Partner at Guru Capital SA, a private equity firm based in Switzerland. Joining Nettles is Luca Merolla, who is the second Managing Partner and a former executive at Swissquote.
Nettles confirmed the new venture to Finance Magnates and said Guru Capital is currently seeking investment opportunities with active companies in the EMEA and APAC regions who have a special focus on FX & CFD brokerage, asset management, and FinTech.