Also, France updated its crypto licensing regime; Blue Suisse adopted MetaTrader 5.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Bitdeer and B-Riley Forge $150M Share Purchase Deal
The cryptocurrency
mining company, Bitdeer (a spin-off of Bitmain) has entered into an agreement with B. Riley
Financial to sell up to USD $150 million worth of Bitdeer’s Class A ordinary
shares. According to a filing with the Securities and Exchange Commission
(SEC), the agreement grants B. Riley the option to purchase a designated
quantity of Bitdeer’s shares within three years.
Additionally, the Class
A shares, which have higher voting rights compared to the Class B shares, will
offer a stake to B. Riley in Bitdeer’s ownership. Bitdeer has agreed to
compensate the firm 0.5% of the transaction value and cover the legal
fees for up to USD $50,000.
FCA Cancels Matrix
Investments License
The
Financial Conduct Authority (FCA) has canceled the authorization of Matrix
Investments Limited due to the company's failure to meet the licensing
conditions.
Significant
concerns arose from Matrix Investments' failure to manage its business
prudently, lack of cooperation with the FCA, and neglect to pay the
overdue balances. This resulted in the watchdog’s conclusion that Matrix
Investments is not a fit and proper entity and does not comply with the
regulatory standards.
CFI Welcomes New Marketing
Head of MENA
Leen Daoud
CFI
Financial Group, a Dubai-based global multi-asset broker, has announced the
appointment of Leen Daoud as the Marketing Head for the MENA region.
With over
eight years of experience in the online trading industry, Leen brings vast
expertise from her previous roles at Ingot Brokers and CAPEX.com. As the
Marketing Head for the MENA region, Leen is expected to spearhead innovative marketing
initiatives, fortifying CFI's presence. Her experience and proven
track record make her a valuable asset to CFI's team.
"We
are delighted to welcome Leen Daoud as our new Marketing Head of MENA," Hisham
Mansour, the Co-Founder and Managing Director of CFI Financial Group,
commented. "Her extensive experience in the MENA region and passion for
delivering exceptional results align perfectly with our commitment to
excellence and empowerment.”
France Updates Its Crypto Licensing Regime
France is
set to amend its cryptocurrency regulations to align with the pan-European
framework, Markets in Crypto-Assets (MiCA). The Autorité des Marchés Financiers
(AMF) has outlined new provisions for digital asset service providers (DASPs), which
will become mandatory from January 1, 2024.
This ‘enhanced;
registration will entail additional requirements, including conflict of
interest management, additional disclosure obligations, and stricter guidelines
on client assets.
Blue Suisse Embraces
MetaTrader 5
Sinan Aslan
Blue
Suisse, a financial firm, has adopted MetaTrader 5 for its clientele. Sinan
Aslan, the company's Director, has praised the platform for its superior
features and user interface. He believes MetaTrader 5 aligns with the company's
goal of delivering a top-notch trading experience.
“We believe
that MetaTrader 5 is an invaluable tool for achieving this goal. We have taken
a giant leap forward by launching MetaTrader 5, which will help us become a
leading brokerage firm,” Aslan added.
The new
platform supports automated trading strategies, allowing clients to leverage
algorithmic trading and benefit from improved trading conditions.
FCA Review on Fund
Managers' Value Assessments
Following a
review of fund managers' value assessments, the FCA observed improvements in
many firms but identified areas that need further enhancement. Since its Asset
Management Market Study in 2017, the FCA has been advocating for better value
assessments to provide value for money for investors.
Most firms
have integrated these suggestions, leading to substantial savings for
consumers. However, some firms still need to improve, especially with the
Consumer Duty in effect since 31 July.
Mnaara's Shariah-Compliant
Investment Platform
The London-based
fintech startup, Mnaara.com, focusing on Shariah-compliant investments, has
raised a pre-seed amount of $500,000 from investors across the globe.
Mnaara aims
to offer users access to global private funds adhering to Islamic finance
principles. Saad Adada, the CEO of Mnaara, emphasizes the platform's goal to
provide diversification options for those wanting a Shariah-compliant
portfolio.
DHF Capital Appoints New
CFO
Ali Jaffari
DHF Capital
S.A., a global asset management firm, welcomes Ali Jaffari as its new Chief
Financial Officer (CFO). Boasting over ten years of experience in the financial
sector, Ali will directly report to the CEO, Bas Kooijman.
His primary
responsibility will be shaping the financial trajectory of DHF Capital,
ensuring stable growth, and devising strategies in line with the company's
objectives.
"We
are thrilled to welcome Ali Jaffari as the new Chief Financial Officer for DHF
Capital’s global operations,” Bas Kooijman, the CEO of DHF Capital S.A.,
commented. “Ali will play a critical role in shaping the financial direction of
the company, ensuring our financial stability, and contributing to our
long-term success.”
Equinix Expands in Mumbai
In response
to India's booming digital economy, Equinix, Inc. is investing $42 million to
establish its fourth International Business Exchange (IBIX) data center, MB4,
in Mumbai. This initiative aims to bolster India's digital transformation and
support its growing digital economy, which is projected to hit $1 trillion by 2026.
The MB4
will address the surging demand for data center and interconnection services,
with its launch scheduled for Q4 2023.
ASIC Considers Extension
of Short-Term Credit Intervention Orders
The
Australian Securities and Investments Commission (ASIC) has issued ‘Consultation
Paper 371’, deliberating on the extension of product intervention orders
related to short-term credit facilities and continuing credit contracts.
Initially
effective from 15 July 2022, these orders enhance consumer protection by
prohibiting the provision of these credit contracts with excessively high fees.
If not extended, these orders will lapse on 15 January 2024.
Bitdeer and B-Riley Forge $150M Share Purchase Deal
The cryptocurrency
mining company, Bitdeer (a spin-off of Bitmain) has entered into an agreement with B. Riley
Financial to sell up to USD $150 million worth of Bitdeer’s Class A ordinary
shares. According to a filing with the Securities and Exchange Commission
(SEC), the agreement grants B. Riley the option to purchase a designated
quantity of Bitdeer’s shares within three years.
Additionally, the Class
A shares, which have higher voting rights compared to the Class B shares, will
offer a stake to B. Riley in Bitdeer’s ownership. Bitdeer has agreed to
compensate the firm 0.5% of the transaction value and cover the legal
fees for up to USD $50,000.
FCA Cancels Matrix
Investments License
The
Financial Conduct Authority (FCA) has canceled the authorization of Matrix
Investments Limited due to the company's failure to meet the licensing
conditions.
Significant
concerns arose from Matrix Investments' failure to manage its business
prudently, lack of cooperation with the FCA, and neglect to pay the
overdue balances. This resulted in the watchdog’s conclusion that Matrix
Investments is not a fit and proper entity and does not comply with the
regulatory standards.
CFI Welcomes New Marketing
Head of MENA
Leen Daoud
CFI
Financial Group, a Dubai-based global multi-asset broker, has announced the
appointment of Leen Daoud as the Marketing Head for the MENA region.
With over
eight years of experience in the online trading industry, Leen brings vast
expertise from her previous roles at Ingot Brokers and CAPEX.com. As the
Marketing Head for the MENA region, Leen is expected to spearhead innovative marketing
initiatives, fortifying CFI's presence. Her experience and proven
track record make her a valuable asset to CFI's team.
"We
are delighted to welcome Leen Daoud as our new Marketing Head of MENA," Hisham
Mansour, the Co-Founder and Managing Director of CFI Financial Group,
commented. "Her extensive experience in the MENA region and passion for
delivering exceptional results align perfectly with our commitment to
excellence and empowerment.”
France Updates Its Crypto Licensing Regime
France is
set to amend its cryptocurrency regulations to align with the pan-European
framework, Markets in Crypto-Assets (MiCA). The Autorité des Marchés Financiers
(AMF) has outlined new provisions for digital asset service providers (DASPs), which
will become mandatory from January 1, 2024.
This ‘enhanced;
registration will entail additional requirements, including conflict of
interest management, additional disclosure obligations, and stricter guidelines
on client assets.
Blue Suisse Embraces
MetaTrader 5
Sinan Aslan
Blue
Suisse, a financial firm, has adopted MetaTrader 5 for its clientele. Sinan
Aslan, the company's Director, has praised the platform for its superior
features and user interface. He believes MetaTrader 5 aligns with the company's
goal of delivering a top-notch trading experience.
“We believe
that MetaTrader 5 is an invaluable tool for achieving this goal. We have taken
a giant leap forward by launching MetaTrader 5, which will help us become a
leading brokerage firm,” Aslan added.
The new
platform supports automated trading strategies, allowing clients to leverage
algorithmic trading and benefit from improved trading conditions.
FCA Review on Fund
Managers' Value Assessments
Following a
review of fund managers' value assessments, the FCA observed improvements in
many firms but identified areas that need further enhancement. Since its Asset
Management Market Study in 2017, the FCA has been advocating for better value
assessments to provide value for money for investors.
Most firms
have integrated these suggestions, leading to substantial savings for
consumers. However, some firms still need to improve, especially with the
Consumer Duty in effect since 31 July.
Mnaara's Shariah-Compliant
Investment Platform
The London-based
fintech startup, Mnaara.com, focusing on Shariah-compliant investments, has
raised a pre-seed amount of $500,000 from investors across the globe.
Mnaara aims
to offer users access to global private funds adhering to Islamic finance
principles. Saad Adada, the CEO of Mnaara, emphasizes the platform's goal to
provide diversification options for those wanting a Shariah-compliant
portfolio.
DHF Capital Appoints New
CFO
Ali Jaffari
DHF Capital
S.A., a global asset management firm, welcomes Ali Jaffari as its new Chief
Financial Officer (CFO). Boasting over ten years of experience in the financial
sector, Ali will directly report to the CEO, Bas Kooijman.
His primary
responsibility will be shaping the financial trajectory of DHF Capital,
ensuring stable growth, and devising strategies in line with the company's
objectives.
"We
are thrilled to welcome Ali Jaffari as the new Chief Financial Officer for DHF
Capital’s global operations,” Bas Kooijman, the CEO of DHF Capital S.A.,
commented. “Ali will play a critical role in shaping the financial direction of
the company, ensuring our financial stability, and contributing to our
long-term success.”
Equinix Expands in Mumbai
In response
to India's booming digital economy, Equinix, Inc. is investing $42 million to
establish its fourth International Business Exchange (IBIX) data center, MB4,
in Mumbai. This initiative aims to bolster India's digital transformation and
support its growing digital economy, which is projected to hit $1 trillion by 2026.
The MB4
will address the surging demand for data center and interconnection services,
with its launch scheduled for Q4 2023.
ASIC Considers Extension
of Short-Term Credit Intervention Orders
The
Australian Securities and Investments Commission (ASIC) has issued ‘Consultation
Paper 371’, deliberating on the extension of product intervention orders
related to short-term credit facilities and continuing credit contracts.
Initially
effective from 15 July 2022, these orders enhance consumer protection by
prohibiting the provision of these credit contracts with excessively high fees.
If not extended, these orders will lapse on 15 January 2024.
Aussie Regulator Ramps Up Pump-and-Dump Scheme Warning after Conviction of Four
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.
Liquidity as a Business: How Brokers Can Earn More
Liquidity as a Business: How Brokers Can Earn More
This webinar will focuses on how brokers can create new revenue streams by launching or enhancing their liquidity business.
John Murillo, Chief Dealing Officer of the B2BROKER group, covers how:
- Retail brokers can launch their own B2B arm to distribute liquidity and boost profitability.
- Institutional brokers can upgrade their liquidity offering and strengthen their market position.
- New entrants can start from scratch and become liquidity providers through a ready-made turnkey solution.
Hosted by B2BROKER, a global fintech provider of liquidity and technology solutions, the session will reveal how to monetize liquidity, accelerate business growth, and increase profitability using the Liquidity Provider Turnkey solution.
📣 Stay updated with the latest in finance and trading! Follow Finance Magnates across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: / https://www.linkedin.com/company/financemagnates/
👍 Facebook: / https://www.facebook.com/financemagnates/
📸 Instagram: / https://www.instagram.com/financemagnates_official/?hl=en
🐦 X: https://x.com/financemagnates?
🎥 TikTok: https://www.tiktok.com/tag/financemag...
▶️ YouTube: / @financemagnates_official
This webinar will focuses on how brokers can create new revenue streams by launching or enhancing their liquidity business.
John Murillo, Chief Dealing Officer of the B2BROKER group, covers how:
- Retail brokers can launch their own B2B arm to distribute liquidity and boost profitability.
- Institutional brokers can upgrade their liquidity offering and strengthen their market position.
- New entrants can start from scratch and become liquidity providers through a ready-made turnkey solution.
Hosted by B2BROKER, a global fintech provider of liquidity and technology solutions, the session will reveal how to monetize liquidity, accelerate business growth, and increase profitability using the Liquidity Provider Turnkey solution.
📣 Stay updated with the latest in finance and trading! Follow Finance Magnates across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: / https://www.linkedin.com/company/financemagnates/
👍 Facebook: / https://www.facebook.com/financemagnates/
📸 Instagram: / https://www.instagram.com/financemagnates_official/?hl=en
🐦 X: https://x.com/financemagnates?
🎥 TikTok: https://www.tiktok.com/tag/financemag...
▶️ YouTube: / @financemagnates_official
How FYNXT is Transforming Brokerages with Modular Tech | Executive Interview with Stephen Miles
How FYNXT is Transforming Brokerages with Modular Tech | Executive Interview with Stephen Miles
Join us for an exclusive interview with Stephen Miles, Chief Revenue Officer at FYNXT, recorded live at FMLS:25. In this conversation, Stephen breaks down how modular brokerage technology is driving growth, retention, and efficiency across the brokerage industry.
Learn how FYNXT's unified yet modular platform is giving brokers a competitive edge—powering faster onboarding, increased trading volumes, and dramatically improved IB performance.
🔑 What You'll Learn in This Video:
- The biggest challenges brokerages face going into 2026
- Why FYNXT’s modular platform is outperforming in-house builds
- How automation is transforming IB channels
- The real ROI: 11x LTV increases and reduced acquisition costs
👉 Don’t forget to like, comment, and subscribe.
#FYNXT #StephenMiles #FMLS2025 #BrokerageTechnology #ModularTech #FintechInterview #DigitalTransformation #FinancialMarkets #CROInterview #FintechInnovation #TradingTechnology #IndependentBrokers #FinanceLeaders
Join us for an exclusive interview with Stephen Miles, Chief Revenue Officer at FYNXT, recorded live at FMLS:25. In this conversation, Stephen breaks down how modular brokerage technology is driving growth, retention, and efficiency across the brokerage industry.
Learn how FYNXT's unified yet modular platform is giving brokers a competitive edge—powering faster onboarding, increased trading volumes, and dramatically improved IB performance.
🔑 What You'll Learn in This Video:
- The biggest challenges brokerages face going into 2026
- Why FYNXT’s modular platform is outperforming in-house builds
- How automation is transforming IB channels
- The real ROI: 11x LTV increases and reduced acquisition costs
👉 Don’t forget to like, comment, and subscribe.
#FYNXT #StephenMiles #FMLS2025 #BrokerageTechnology #ModularTech #FintechInterview #DigitalTransformation #FinancialMarkets #CROInterview #FintechInnovation #TradingTechnology #IndependentBrokers #FinanceLeaders
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
