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.
CFD Broker RA Prime Joins Financial Commission for Dispute Resolution Support
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
