Also, HIVE Digital ventures into AI and HPC; UK investment management holds firm.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Wall Street Veteran Moves
to Symphony
Bryan Christian
Bryan
Christian, the Director of LMAX Group in the USA, has changed his post this
month, joining Symphony as the Head of Business Development.
"I’m
happy to share that I’m starting a new position as Head of Business Development
at Symphony,” Christian wrote on his LinkedIn profile.
In the past,
he was associated with CrossTower as the Head of Exchange, Cboe Global Markets
as the SVP Head of US Sales and Nasdaq as the Managing Director.
R.J. O’Brien Announces Key
Executive Promotions
Chicago-based
R.J. O’Brien & Associates (RJO), the oldest independent futures brokerage
and clearing firm in the US, has promoted Matt Heidkamp to Executive Director and Chief Operating Officer (COO) for its US operations. At the same time, Gemma Lloyd was promoted to COO for
the company's EMEA affiliate, R.J. O’Brien Limited.
Both
Heidkamp and Lloyd bring extensive experience to their new roles, with Heidkamp
having nearly 29 years of experience at RJO in trading and operations, and
Lloyd joining earlier this year with over 25 years in client service and sales
management roles in the listed derivatives sector.
Axi Eelevates Ton to Head of
RPA
Johnny Leon Tong
In a
separate move, Axi has informed that Jonny Leon Tong was promoted to Head of
Robotic and Programming Automation (RPA). Tong joined Axi back in 2017 as the
Head of Client Services and worked as the General Manager, Head of Financial
Operations, and Head of Global Middle Office.
“I’m happy
to share that I’m starting a new position as Head of Robotic Programming
Automation (RPA) at Axi,” Tong commented.
Former CEO of BBY Charged
with Fraud
Arunesh
Narain Maharaj, the former CEO of the stockbroking firm BBY Limited, has been
charged with aiding and abetting fraud, the Australian ASIC informed. The charges allege that Maharaj
assisted another former BBY employee in dishonestly obtaining financial
advantages from St George Bank, a division of Westpac Banking Corporation. The
alleged fraudulent activities took place at the end of June 2013 and from
November 2014 to early 2015.
The case has been postponed for reconsideration on 5 December 2023. It is being handled by the Director of the Australian Commonwealth Prosecution Service. He
may carry a maximum penalty of 10 year’s imprisonment.
HIVE Digital Ventures into
AI and HPC
HIVE
Digital Technologies Ltd. has announced an update on its High-Performance
Computing (HPC) and Artificial Intelligence (AI) infrastructure projects. The
company is converting its 38,000 Nvidia data center GPU cards, previously used
for mining Ethereum, into an on-demand GPU cloud service. They aim to have
3,200 GPUs operational in the AI/HPC space by the end of October.
HIVE's HPC
and AI business is currently generating 15 times more revenue than Bitcoin on a
per-megawatt basis. The company is optimistic about the growing demand in the
GPU cloud market, citing a report by Goldman Sachs and Fortune Business
Insights that predicts significant growth in the sector.
Source: Hive Digital
UK Investment Management
Industry Holds Strong Despite Challenges
The UK
investment management industry has seen a decline in Assets under Management
(AuM) to £8.8 trillion in 2022, according to the Investment Association’s
latest survey. This decline is attributed to various factors, including the war
in Ukraine, rising inflation, and political changes in the UK. Despite these
challenges, the industry continues to be a global success.
The UK
managed £4.6 trillion for local retail and institutional investors and an
additional £4.2 trillion for overseas investors. Of these overseas assets, £2.4
trillion is managed for European customers, £845 billion for North American
customers, and an increasing proportion for Asian customers, which now stands
at 16% of AUM (£680 billion).
Wall Street Veteran Moves
to Symphony
Bryan Christian
Bryan
Christian, the Director of LMAX Group in the USA, has changed his post this
month, joining Symphony as the Head of Business Development.
"I’m
happy to share that I’m starting a new position as Head of Business Development
at Symphony,” Christian wrote on his LinkedIn profile.
In the past,
he was associated with CrossTower as the Head of Exchange, Cboe Global Markets
as the SVP Head of US Sales and Nasdaq as the Managing Director.
R.J. O’Brien Announces Key
Executive Promotions
Chicago-based
R.J. O’Brien & Associates (RJO), the oldest independent futures brokerage
and clearing firm in the US, has promoted Matt Heidkamp to Executive Director and Chief Operating Officer (COO) for its US operations. At the same time, Gemma Lloyd was promoted to COO for
the company's EMEA affiliate, R.J. O’Brien Limited.
Both
Heidkamp and Lloyd bring extensive experience to their new roles, with Heidkamp
having nearly 29 years of experience at RJO in trading and operations, and
Lloyd joining earlier this year with over 25 years in client service and sales
management roles in the listed derivatives sector.
Axi Eelevates Ton to Head of
RPA
Johnny Leon Tong
In a
separate move, Axi has informed that Jonny Leon Tong was promoted to Head of
Robotic and Programming Automation (RPA). Tong joined Axi back in 2017 as the
Head of Client Services and worked as the General Manager, Head of Financial
Operations, and Head of Global Middle Office.
“I’m happy
to share that I’m starting a new position as Head of Robotic Programming
Automation (RPA) at Axi,” Tong commented.
Former CEO of BBY Charged
with Fraud
Arunesh
Narain Maharaj, the former CEO of the stockbroking firm BBY Limited, has been
charged with aiding and abetting fraud, the Australian ASIC informed. The charges allege that Maharaj
assisted another former BBY employee in dishonestly obtaining financial
advantages from St George Bank, a division of Westpac Banking Corporation. The
alleged fraudulent activities took place at the end of June 2013 and from
November 2014 to early 2015.
The case has been postponed for reconsideration on 5 December 2023. It is being handled by the Director of the Australian Commonwealth Prosecution Service. He
may carry a maximum penalty of 10 year’s imprisonment.
HIVE Digital Ventures into
AI and HPC
HIVE
Digital Technologies Ltd. has announced an update on its High-Performance
Computing (HPC) and Artificial Intelligence (AI) infrastructure projects. The
company is converting its 38,000 Nvidia data center GPU cards, previously used
for mining Ethereum, into an on-demand GPU cloud service. They aim to have
3,200 GPUs operational in the AI/HPC space by the end of October.
HIVE's HPC
and AI business is currently generating 15 times more revenue than Bitcoin on a
per-megawatt basis. The company is optimistic about the growing demand in the
GPU cloud market, citing a report by Goldman Sachs and Fortune Business
Insights that predicts significant growth in the sector.
Source: Hive Digital
UK Investment Management
Industry Holds Strong Despite Challenges
The UK
investment management industry has seen a decline in Assets under Management
(AuM) to £8.8 trillion in 2022, according to the Investment Association’s
latest survey. This decline is attributed to various factors, including the war
in Ukraine, rising inflation, and political changes in the UK. Despite these
challenges, the industry continues to be a global success.
The UK
managed £4.6 trillion for local retail and institutional investors and an
additional £4.2 trillion for overseas investors. Of these overseas assets, £2.4
trillion is managed for European customers, £845 billion for North American
customers, and an increasing proportion for Asian customers, which now stands
at 16% of AUM (£680 billion).
73% of Young Investors Say Traditional Wealth Building Is Broken – Here’s How They Trade Instead
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.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
