MFSA warns against an unlicensed entity; TransFICC opens office in New York.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Exness’ Executive Joins
Finery Markets
Stanislav Bublik
Stanislav
Bublik, the Head of Trading Products at Exness, has announced changing his
current post to the Chief Product Officer in Finery Markets. In the past, Bublik
worked, among others, for Sberbank, where he spent more than seven years.
First, as a Senior Product Development Specialist and later as the
Executive Director and the Head of Electronic Markets Distribution.
“I’m really
happy to join Finery Markets as Chief Product Officer! It's great to be part of
a strong and professional team and work on products that markets need now,”
Bublik wrote on his LinkedIn profile.
CBDO Leaves M4Markets
Nick Jay
In a separate
LinkedIn update, Nick Jay, the Chief Business Development Officer (CBDO) at
M4Markets has declared that he is leaving the company after almost three years. According
to his post on social media, Jay is not joining a new company at the moment.
“Was
amazing to join a clean and fresh brand almost 3 years ago and have the trust
and chance to grow it and take it to where it is now,” Jay commented.
Before joining
M4Markets, Jay served HotForex for almost five years as the Head
of Partnerships and earlier at IronFX as the Global Sales Manager.
LTX and Aladdin Boost
Corporate Bond Trading
In an
effort to enhance corporate bond trading workflows, LTX, a subsidiary of
Broadridge Financial Solutions, has furthered its partnership with BlackRock's
Aladdin. The integration of LTX's Liquidity Cloud and actionable pre-trade
Cloud Match Scores directly into the Aladdin platform is designed to improve
liquidity discovery and trading efficiency.
The Aladdin
platform, an end-to-end investment management and operations tool used by
institutional investors, will now be able to tap into LTX's data-driven
capabilities.
ESMA Signals Risks of Pre-Hedging
The
European Securities and Markets Authority (ESMA) has released a final report,
based on its ‘2022 Call for Evidence’ on pre-hedging, which is a voluntary market
practice. Although the regulator does not find enough reasons to currently ban pre-hedging, it warns about the potential conflict of interest or abusive
behavior related to this practice. ESMA emphasizes the need to consider
these risks when issuing future guidance.
ESMA has
committed to providing guidance on pre-hedging in a future review of the ‘Market
Abuse Regulation’. As a part of its ongoing work, ESMA will contribute to
the development of global regulatory principles applicable to pre-hedging.
Stronghold Unveils StrongholdNET
A payments
fintech, Stronghold has launched StrongholdNET, an ecosystem designed to enhance
accessibility in the payments sector. The new system integrates various
contributors, including merchants and technology partners, thereby creating a
new model for payment providers and businesses globally.
StrongholdNET is also expanding Stronghold's Merchant Financing Program, which now uses
DeFi-funded cash advances to fund business projects. The use of blockchain
technology increases the ease and efficiency with which merchants can access
financing options.
eToro Updates CFDs Fees
eToro has updated the overnight CFDs fee structure by implementing the first phase on 3 July, which has introduced zero overnight fees on short positions of most stocks. The broker is going to update the fees in two phases.
"We're ecstatic to announce that we're removing overnight fees for short positions on the vast majority (approximately 98%) of available stocks. This change will have a significant impact on your trading experience, and we believe it will save you money, especially if you hold short positions," the broker stated.
The new structure applied to all stocks with a yearly borrowing cost of less than 10 percent. It highlighted that the traders paid between 6 percent and 8 percent in overnight fees using the old structure.
Exinity Onboards New Global Sales VP
Exinity, the FX/CFDs brokerage brand owned by Andrey Dashin, has hired Katina Messinis as the Vice President for Global Sales. Most recently, she worked at Exness as the Global Head of Premier Account Management.
Before Exness, Messinis spent roughly a couple of years at ZuluTrade and parted as the Acting Head of Institutional Sales. She also worked at PwC, Baker McKenzie, and several other companies.
Katina Messinis, Global Sales VP at Exinity
"Exinity is a global fintech business, offering clients a unique and innovative range of trading and investment products. Together, we aim to help our clients achieve the financial independence they desire, and by doing so, give them the freedom to succeed," Messinis wrote in a social media post.
MFSA Warns against Unlicensed Entity
The Malta Financial Services Authority (MFSA) today (Wednesday) warned against an entity operating under the name of Prolific Trades Ltd, which is offering CFDs trading. According to the regulator, the company claimed to be regulated by the MFSA, which is false.
"The MFSA wishes to alert the public that Prolific Trades Ltd is NEITHER a Maltese registered company NOR licensed or otherwise authorized by the MFSA to provide any investment services or other financial services which are required to be licensed or otherwise authorized under Maltese law. The public should therefore refrain from entering into any transactions or otherwise dealing with the above-mentioned entity on any matters falling within the parameters of the Investment Services Act, Chapter 370 of the Laws of Malta," the announcement stated.
Scope Markets Strengths Business Development Team
Scope Markets, a brokerage brand owned by the Rostro Group, has hired Can Uyanik as a new Senior Business Development Manager. He was most recently the Country Manager of Spain at Trive, another FX/CFDs broker.
Can Uyanik, Senior Business Development Manager at Scope Markets
According to his Linkedin profile, Uyanik spent more than nine years at Trive (previously GKG) in the early years of his career. He started as a Technical Analyst at TeleTrade and later moved to Alpari as the Chief Analyst.
Opens New York Office
TransFICC, a provider of low-latency connectivity and workflow services for fixed-income and derivatives markets, announced today (Wednesday) the opening of its New York office. The company added three new staff in the new office: Sean Murphy as a Senior Sales Executive to lead new North American business, Bo-Yun Liu as a Pre-Sales Engineer to lead Client Architecture Solutioning globally, and Khagay Nagdimov as a Pre-Sales Engineer.
"With six North American clients and a presence in the New York and Chicago data centres, it is important for TransFICC to have a US office," said Steve Toland, the Co-Founder of TransFICC.
Exness’ Executive Joins
Finery Markets
Stanislav Bublik
Stanislav
Bublik, the Head of Trading Products at Exness, has announced changing his
current post to the Chief Product Officer in Finery Markets. In the past, Bublik
worked, among others, for Sberbank, where he spent more than seven years.
First, as a Senior Product Development Specialist and later as the
Executive Director and the Head of Electronic Markets Distribution.
“I’m really
happy to join Finery Markets as Chief Product Officer! It's great to be part of
a strong and professional team and work on products that markets need now,”
Bublik wrote on his LinkedIn profile.
CBDO Leaves M4Markets
Nick Jay
In a separate
LinkedIn update, Nick Jay, the Chief Business Development Officer (CBDO) at
M4Markets has declared that he is leaving the company after almost three years. According
to his post on social media, Jay is not joining a new company at the moment.
“Was
amazing to join a clean and fresh brand almost 3 years ago and have the trust
and chance to grow it and take it to where it is now,” Jay commented.
Before joining
M4Markets, Jay served HotForex for almost five years as the Head
of Partnerships and earlier at IronFX as the Global Sales Manager.
LTX and Aladdin Boost
Corporate Bond Trading
In an
effort to enhance corporate bond trading workflows, LTX, a subsidiary of
Broadridge Financial Solutions, has furthered its partnership with BlackRock's
Aladdin. The integration of LTX's Liquidity Cloud and actionable pre-trade
Cloud Match Scores directly into the Aladdin platform is designed to improve
liquidity discovery and trading efficiency.
The Aladdin
platform, an end-to-end investment management and operations tool used by
institutional investors, will now be able to tap into LTX's data-driven
capabilities.
ESMA Signals Risks of Pre-Hedging
The
European Securities and Markets Authority (ESMA) has released a final report,
based on its ‘2022 Call for Evidence’ on pre-hedging, which is a voluntary market
practice. Although the regulator does not find enough reasons to currently ban pre-hedging, it warns about the potential conflict of interest or abusive
behavior related to this practice. ESMA emphasizes the need to consider
these risks when issuing future guidance.
ESMA has
committed to providing guidance on pre-hedging in a future review of the ‘Market
Abuse Regulation’. As a part of its ongoing work, ESMA will contribute to
the development of global regulatory principles applicable to pre-hedging.
Stronghold Unveils StrongholdNET
A payments
fintech, Stronghold has launched StrongholdNET, an ecosystem designed to enhance
accessibility in the payments sector. The new system integrates various
contributors, including merchants and technology partners, thereby creating a
new model for payment providers and businesses globally.
StrongholdNET is also expanding Stronghold's Merchant Financing Program, which now uses
DeFi-funded cash advances to fund business projects. The use of blockchain
technology increases the ease and efficiency with which merchants can access
financing options.
eToro Updates CFDs Fees
eToro has updated the overnight CFDs fee structure by implementing the first phase on 3 July, which has introduced zero overnight fees on short positions of most stocks. The broker is going to update the fees in two phases.
"We're ecstatic to announce that we're removing overnight fees for short positions on the vast majority (approximately 98%) of available stocks. This change will have a significant impact on your trading experience, and we believe it will save you money, especially if you hold short positions," the broker stated.
The new structure applied to all stocks with a yearly borrowing cost of less than 10 percent. It highlighted that the traders paid between 6 percent and 8 percent in overnight fees using the old structure.
Exinity Onboards New Global Sales VP
Exinity, the FX/CFDs brokerage brand owned by Andrey Dashin, has hired Katina Messinis as the Vice President for Global Sales. Most recently, she worked at Exness as the Global Head of Premier Account Management.
Before Exness, Messinis spent roughly a couple of years at ZuluTrade and parted as the Acting Head of Institutional Sales. She also worked at PwC, Baker McKenzie, and several other companies.
Katina Messinis, Global Sales VP at Exinity
"Exinity is a global fintech business, offering clients a unique and innovative range of trading and investment products. Together, we aim to help our clients achieve the financial independence they desire, and by doing so, give them the freedom to succeed," Messinis wrote in a social media post.
MFSA Warns against Unlicensed Entity
The Malta Financial Services Authority (MFSA) today (Wednesday) warned against an entity operating under the name of Prolific Trades Ltd, which is offering CFDs trading. According to the regulator, the company claimed to be regulated by the MFSA, which is false.
"The MFSA wishes to alert the public that Prolific Trades Ltd is NEITHER a Maltese registered company NOR licensed or otherwise authorized by the MFSA to provide any investment services or other financial services which are required to be licensed or otherwise authorized under Maltese law. The public should therefore refrain from entering into any transactions or otherwise dealing with the above-mentioned entity on any matters falling within the parameters of the Investment Services Act, Chapter 370 of the Laws of Malta," the announcement stated.
Scope Markets Strengths Business Development Team
Scope Markets, a brokerage brand owned by the Rostro Group, has hired Can Uyanik as a new Senior Business Development Manager. He was most recently the Country Manager of Spain at Trive, another FX/CFDs broker.
Can Uyanik, Senior Business Development Manager at Scope Markets
According to his Linkedin profile, Uyanik spent more than nine years at Trive (previously GKG) in the early years of his career. He started as a Technical Analyst at TeleTrade and later moved to Alpari as the Chief Analyst.
Opens New York Office
TransFICC, a provider of low-latency connectivity and workflow services for fixed-income and derivatives markets, announced today (Wednesday) the opening of its New York office. The company added three new staff in the new office: Sean Murphy as a Senior Sales Executive to lead new North American business, Bo-Yun Liu as a Pre-Sales Engineer to lead Client Architecture Solutioning globally, and Khagay Nagdimov as a Pre-Sales Engineer.
"With six North American clients and a presence in the New York and Chicago data centres, it is important for TransFICC to have a US office," said Steve Toland, the Co-Founder of TransFICC.
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
