Also, Marex joins ASX; xpate Partner with Currencycloud, and Cboe announces leadership changes.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
CySEC Launches Instagram
Page for Financial Literacy
The Cyprus
Securities and Exchange Commission (CySEC) has launched an official Instagram
page to promote financial literacy. The new social media presence aims to
engage younger generations and provide valuable insight into financial
literacy and investor protection. CySEC plans to use this platform to empower
investors to make informed financial decisions.
“As the
world becomes increasingly interconnected through digital platforms, it is
crucial for regulators to engage with younger generations on the channels they
use most. Instagram, as one of the most popular social media platforms,
provides an excellent opportunity to interact with young people and investors
on financial literacy, personal financial well-being and investor protection,” a CYSEC spokesperson commented.
CySEC launches Instagram page
OpenAI to Introduce Major
Updates for Developers
Reuters
reported that OpenAI plans to introduce significant updates to make it
cheaper and faster for developers to build software applications based on its
AI models. The updates include the addition of memory storage to its developer
tools and new vision capabilities. These changes aim to attract more companies
to use OpenAI's technology and build sustainable businesses.
The
upcoming features are slated for unveiling at OpenAI's inaugural developer
conference in San Francisco, scheduled for 6 November, according to insiders
who requested anonymity. These enhancements aim to incentivize businesses to
leverage OpenAI's technology for creating AI-driven chatbots and
self-sufficient agents capable of executing functions without human oversight.
Marex Joins ASX as Newest
Futures Clearing Participant
Global
financial services platform Marex has become the newest Australian Securities
Exchange (ASX) member for futures clearing and trading. This move aims to
diversify the currently concentrated futures clearing market on the ASX,
offering more choices for wholesale investors in Australia.
Marex's
entry is part of its global strategy to expand its clearing services and
connect clients to global markets. The company, which opened its Australian
office in December 2021, has reported a growth of 89% in net revenue in the Asia
Pacific for the first half of 2023 compared to the same period last year.
Cboe Global Markets
Announces Leadership Changes
Bloomberg
Cboe Global
Markets has made new appointments to its senior leadership team to support its
global growth strategy. Catherine Clay has been appointed as the Global Head of
Derivatives, and Adam Inzirillo has been promoted to Global Head of Data and
Access Solutions.
These
changes aim to strengthen Cboe's global footprint and offer world-class products
and services to its clients. Clay will oversee the global derivatives business,
while Inzirillo will manage market data and access services.
xpate Partners with
Currencycloud for Global Payments
UK-based
e-commerce payments platform xpate has partnered with Currencycloud to offer
multi-currency payment methods and competitive foreign exchange rates.
This
partnership aims to help xpate's customers (primarily micro, small, and
medium-sized businesses) tap into new global markets and manage their cash flow
more effectively. xpate's integrated platform combines card acquiring, payment
processing, and banking services, reducing the administrative burden for
merchants.
Leverate Introduces
AI-Powered Chatbot Assistant
FM
The Financial
technology company Leverate has launched an AI-driven Chatbot Assistant
designed to improve broker-trader interactions. The Chatbot Assistant aims to respond
quickly and accurately to customer queries, offer multilingual support, and
enhance trader satisfaction. This innovation is part of Leverate's strategy to
meet the demands of the fast-paced financial markets and promote business
growth.
“The
Chatbot Assistant is a state-of-the-art digital tool that allows brokers to
communicate naturally with their clients. Powered by advanced artificial
intelligence, this virtual assistant offers instant answers to queries and
performs essential tasks, creating a seamless and personalized customer service
experience,” the company commented.
Fiserv Acquires Skytef to
Expand in Brazil
Fiserv has
acquired Skytef, a primary distributor of Software Express's SiTef, to
strengthen its distribution network in Brazil. The acquisition has added more than
600 ISV partners and about 27,000 merchants to Fiserv's network.
This move
aims to enhance operational efficiency and expand the range of products and
services offered to businesses. The acquisition also has allowed Fiserv to support
large clients with complex after-sales demands better.
"We
want to add even more value to our clients and partners, expanding our current
and future portfolio of solutions with a highly qualified team that values
relationships," said Jorge Valdivia, the General Manager for Brazil at
Fiserv.
Kiwibank Fined for
Misleading Customers
Kiwibank
has been ordered to pay a civil penalty of $812,500 for making false and
misleading representations to customers. The High Court in Wellington imposed
the penalty following proceedings brought by the Financial Markets Authority
(FMA).
The bank
admitted to breaching the Fair Dealing provisions of the Financial Markets
Conduct Act 2013. The court noted that the bank's negligence had potentially
significant market consequences.
“The
relevant conduct here involved negligence, and no intention to deprive
customers of their entitlements. Once identified Kiwibank also brought the
contraventions to the FMA’s attention, and embarked upon a process of remedying
their error, and addressing its systemic failures,” Justice Francis Cooke
commented.
SIX Expands Cloud
Connectivity with Megaport
SIX, the
global financial information provider, has expanded its cloud connectivity
offering through a partnership with Megaport. The new service, SIX Connect,
provides customers with secure and rapid access to SIX's suite of data services
via any major public cloud provider. This move is part of SIX's broader
strategy to offer clients unparalleled flexibility in data access.
“This
represents a leap forward, not just for SIX but for the entire financial
community we serve. Customers continue to explore and adopt cloud to accelerate
development cycles and optimize workflows. They prefer to partner with an
information provider who can offer seamless and instant access to financial
information, irrespective of their choice of cloud provider or region,” Henk
D’Hoore from SIX commented.
Worldline Introduces
FlexCommissions for Partners
Worldline
has launched FlexCommissions, a new flexible payout feature for its e-commerce
solution in North America. The feature allows partners to choose the frequency
of their revenue-sharing profits, providing them with increased cash flow and
growth opportunities. FlexCommissions additionally offers tailored allocation options
based on factors like region, industry, or department.
“We built
FlexCommissions based on requests from several of our key partners who were
looking to receive more frequent payouts than the standard industry revenue
sharing timing so that they could better control cash flow and operationalize
their payment profits sooner,” said Anthony Chalhoub, the Managing Director of Wordline.
CySEC Launches Instagram
Page for Financial Literacy
The Cyprus
Securities and Exchange Commission (CySEC) has launched an official Instagram
page to promote financial literacy. The new social media presence aims to
engage younger generations and provide valuable insight into financial
literacy and investor protection. CySEC plans to use this platform to empower
investors to make informed financial decisions.
“As the
world becomes increasingly interconnected through digital platforms, it is
crucial for regulators to engage with younger generations on the channels they
use most. Instagram, as one of the most popular social media platforms,
provides an excellent opportunity to interact with young people and investors
on financial literacy, personal financial well-being and investor protection,” a CYSEC spokesperson commented.
CySEC launches Instagram page
OpenAI to Introduce Major
Updates for Developers
Reuters
reported that OpenAI plans to introduce significant updates to make it
cheaper and faster for developers to build software applications based on its
AI models. The updates include the addition of memory storage to its developer
tools and new vision capabilities. These changes aim to attract more companies
to use OpenAI's technology and build sustainable businesses.
The
upcoming features are slated for unveiling at OpenAI's inaugural developer
conference in San Francisco, scheduled for 6 November, according to insiders
who requested anonymity. These enhancements aim to incentivize businesses to
leverage OpenAI's technology for creating AI-driven chatbots and
self-sufficient agents capable of executing functions without human oversight.
Marex Joins ASX as Newest
Futures Clearing Participant
Global
financial services platform Marex has become the newest Australian Securities
Exchange (ASX) member for futures clearing and trading. This move aims to
diversify the currently concentrated futures clearing market on the ASX,
offering more choices for wholesale investors in Australia.
Marex's
entry is part of its global strategy to expand its clearing services and
connect clients to global markets. The company, which opened its Australian
office in December 2021, has reported a growth of 89% in net revenue in the Asia
Pacific for the first half of 2023 compared to the same period last year.
Cboe Global Markets
Announces Leadership Changes
Bloomberg
Cboe Global
Markets has made new appointments to its senior leadership team to support its
global growth strategy. Catherine Clay has been appointed as the Global Head of
Derivatives, and Adam Inzirillo has been promoted to Global Head of Data and
Access Solutions.
These
changes aim to strengthen Cboe's global footprint and offer world-class products
and services to its clients. Clay will oversee the global derivatives business,
while Inzirillo will manage market data and access services.
xpate Partners with
Currencycloud for Global Payments
UK-based
e-commerce payments platform xpate has partnered with Currencycloud to offer
multi-currency payment methods and competitive foreign exchange rates.
This
partnership aims to help xpate's customers (primarily micro, small, and
medium-sized businesses) tap into new global markets and manage their cash flow
more effectively. xpate's integrated platform combines card acquiring, payment
processing, and banking services, reducing the administrative burden for
merchants.
Leverate Introduces
AI-Powered Chatbot Assistant
FM
The Financial
technology company Leverate has launched an AI-driven Chatbot Assistant
designed to improve broker-trader interactions. The Chatbot Assistant aims to respond
quickly and accurately to customer queries, offer multilingual support, and
enhance trader satisfaction. This innovation is part of Leverate's strategy to
meet the demands of the fast-paced financial markets and promote business
growth.
“The
Chatbot Assistant is a state-of-the-art digital tool that allows brokers to
communicate naturally with their clients. Powered by advanced artificial
intelligence, this virtual assistant offers instant answers to queries and
performs essential tasks, creating a seamless and personalized customer service
experience,” the company commented.
Fiserv Acquires Skytef to
Expand in Brazil
Fiserv has
acquired Skytef, a primary distributor of Software Express's SiTef, to
strengthen its distribution network in Brazil. The acquisition has added more than
600 ISV partners and about 27,000 merchants to Fiserv's network.
This move
aims to enhance operational efficiency and expand the range of products and
services offered to businesses. The acquisition also has allowed Fiserv to support
large clients with complex after-sales demands better.
"We
want to add even more value to our clients and partners, expanding our current
and future portfolio of solutions with a highly qualified team that values
relationships," said Jorge Valdivia, the General Manager for Brazil at
Fiserv.
Kiwibank Fined for
Misleading Customers
Kiwibank
has been ordered to pay a civil penalty of $812,500 for making false and
misleading representations to customers. The High Court in Wellington imposed
the penalty following proceedings brought by the Financial Markets Authority
(FMA).
The bank
admitted to breaching the Fair Dealing provisions of the Financial Markets
Conduct Act 2013. The court noted that the bank's negligence had potentially
significant market consequences.
“The
relevant conduct here involved negligence, and no intention to deprive
customers of their entitlements. Once identified Kiwibank also brought the
contraventions to the FMA’s attention, and embarked upon a process of remedying
their error, and addressing its systemic failures,” Justice Francis Cooke
commented.
SIX Expands Cloud
Connectivity with Megaport
SIX, the
global financial information provider, has expanded its cloud connectivity
offering through a partnership with Megaport. The new service, SIX Connect,
provides customers with secure and rapid access to SIX's suite of data services
via any major public cloud provider. This move is part of SIX's broader
strategy to offer clients unparalleled flexibility in data access.
“This
represents a leap forward, not just for SIX but for the entire financial
community we serve. Customers continue to explore and adopt cloud to accelerate
development cycles and optimize workflows. They prefer to partner with an
information provider who can offer seamless and instant access to financial
information, irrespective of their choice of cloud provider or region,” Henk
D’Hoore from SIX commented.
Worldline Introduces
FlexCommissions for Partners
Worldline
has launched FlexCommissions, a new flexible payout feature for its e-commerce
solution in North America. The feature allows partners to choose the frequency
of their revenue-sharing profits, providing them with increased cash flow and
growth opportunities. FlexCommissions additionally offers tailored allocation options
based on factors like region, industry, or department.
“We built
FlexCommissions based on requests from several of our key partners who were
looking to receive more frequent payouts than the standard industry revenue
sharing timing so that they could better control cash flow and operationalize
their payment profits sooner,” said Anthony Chalhoub, the Managing Director of Wordline.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
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
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
