Switzerland's Competition Commission has initiated an
examination of the takeover of Credit Suisse by UBS, according to an official
statement shared with Reuters today (Monday). The Commission's Vice Director
told the publication that the findings of the investigation would likely be
shared with FINMA by the end of September.
The merger was prompted
by a rescue deal orchestrated by the Swiss government, central banks, and
financial regulators in March. It marked the consolidation of the nation's two
largest financial institutions.
Maybank IB Collaborates
with Broadridge for SBL Platform
Maybank Investment Bank (Maybank IB) has joined forces
with Broadridge Financial Solutions, a US-based technology firm,
to introduce a novel securities borrowing and lending (SBL) platform tailored
for institutional investors.
Tengku Ariff Azhar, the
Chief Operating Officer of Maybank Investment Bank, said: "The combined
expertise of Broadridge and Maybank IB resulted in a comprehensive
end-to-end platform with trading capabilities, operational efficiency and
connectivity."
Vantage Introduces
Enhanced Copy Trading with Adjustable Profit-Sharing
Vantage, the multi-asset broker, has launched an upgraded
copy trading feature on its Vantage App, providing traders with enhanced
capabilities for following signal providers or becoming signal providers
themselves. According to the company's statement, the new user interface
integrates copy trading and regular trading accounts into a single management
page.
Additionally, Vantage's platform has introduced a 'Profit-Sharing'
feature, allowing signal providers to set their profit-sharing ratio limited to a maximum of 50%.
This offers users greater flexibility in selecting signal providers based on
their preferred sharing ratio, the company said.
Euroclear Bank and KSD
Partner for Omnibus Account
Brussels-based Euroclear
Bank and the Korea Securities Depository (KSD) have entered into a
collaboration through a Central Securities Depository (CSD) agreement to
establish an omnibus account.
This partnership aims to
strengthen the global presence of the Korean capital market by enhancing the
liquidity and accessibility of Korean Treasury Bonds (KTBs). According to
Soon-Ho Lee, the Chairman and CEO of KSD, omnibus accounts are a foundation for
globalizing the Korean Capital Market.
ASIC Suspends Navigate
Global Payments' AFS License
The
Australian Securities and Investments Commission (ASIC) has suspended Navigate
Global Payments' Australian financial services license until 18 October. The
suspension comes after Navigate was
placed into voluntary administration in June 2023. ASIC has advised Navigate's
clients to stay updated on the situation through the administrator, receivers,
and managers. Navigate can appeal ASIC's decision through the Administrative Appeals
Tribunal.
FCA's New Warnings
FM, Financial Conduct Authority
The
Financial Conduct Authority (FCA) has recently issued warnings against several
firms operating without proper authorization. The list includes GOLDTREASUREFX,
MYBANKRATE.ONLINE, FIRST OPTION FX LTD, Insolvency Practitioners 4 U, and Angel
Finance. These firms are not registered or authorized by the
FCA, which raises concerns about their legitimacy and the safety of their
investments.
The
warnings were all published on 28 August. The FCA strongly advises the public
to be cautious when dealing with these firms and to check the FCA's official
website for a list of authorized companies. The move is part of the FCA's
ongoing efforts to protect consumers from fraudulent activities and unregulated
financial services.
Coinstore Hits Two Milestones
in User Base and Transaction Volume
The Singapore-based
digital asset exchange, Coinstore has announced a significant achievement,
crossing the 3.6 million user mark. The company also reported an all-time high
in daily transaction volume, reaching $450 million.
"We
started Coinstore in December 2020 when awareness around digital assets was
limited but we are excited to reveal that Coinstore transformed into a global
force with over 3.6 million users who share our vision for the industry," Jennifer
Lu, the Co-Founder at Coinstore, commented. "By 2025, our ultimate
ambition is to cement our status as the primary entry point for digital assets,
catering to millions of users worldwide, and becoming the premier global
platform in emerging markets."
Cake Group Completes Its Executive Team
Samuel Christian, the CMO at Cake
Cake Group,
a digital asset innovator based in Singapore, has finalized its C-suite with
the appointment of a new Chief Marketing Officer (CMO) and promotions to Chief
Product Officer (CPO) and Chief Human Resources Officer (CHRO).
As an industry veteran, Samuel Christian has been named the new CMO and will focus on
scaling Cake's products and services in the Web3 blockchain and crypto space.
Christian's past experience includes roles at Animoca Brands and IPG's group of
agencies, making him well-suited for Cake's ambitious growth plans.
Visa and NymCard Partner
for Seamless Payment Issuance
Visa has
launched its Visa Ready To Launch (VRTL) program to simplify the issuance of
payment products for fintech and non-banking entities. NymCard, a payment
processor in the Middle East and Pakistan, is the first to join the program.
The VRTL
program addresses technological, operational, and commercial enablement challenges by offering a 'One Contract', 'One Pricing', and 'One Integration'
approach, making it easier for startups to go to market.
IMPACT46 Begins Capital
Deployment through Fund III
Saudi
Arabia-based asset management firm IMPACT46 has started deploying capital
through its SAR 500 million Fund III. The fund aims to invest in tech companies
in Saudi Arabia and the broader Middle East, focusing on fintech, SaaS,
platforms, and cybersecurity.
Abdulaziz
Alomran, the CEO and Founder of IMPACT46, highlighted the strong investor
interest in supporting emerging talent and innovation in the region.
"We
are driven by our vision to make a positive impact by identifying, connecting,
and investing in founders and startups who are passionate towards making a
meaningful impact in the sectors they operate in," Alomran added.
Switzerland's Competition Commission has initiated an
examination of the takeover of Credit Suisse by UBS, according to an official
statement shared with Reuters today (Monday). The Commission's Vice Director
told the publication that the findings of the investigation would likely be
shared with FINMA by the end of September.
The merger was prompted
by a rescue deal orchestrated by the Swiss government, central banks, and
financial regulators in March. It marked the consolidation of the nation's two
largest financial institutions.
Maybank IB Collaborates
with Broadridge for SBL Platform
Maybank Investment Bank (Maybank IB) has joined forces
with Broadridge Financial Solutions, a US-based technology firm,
to introduce a novel securities borrowing and lending (SBL) platform tailored
for institutional investors.
Tengku Ariff Azhar, the
Chief Operating Officer of Maybank Investment Bank, said: "The combined
expertise of Broadridge and Maybank IB resulted in a comprehensive
end-to-end platform with trading capabilities, operational efficiency and
connectivity."
Vantage Introduces
Enhanced Copy Trading with Adjustable Profit-Sharing
Vantage, the multi-asset broker, has launched an upgraded
copy trading feature on its Vantage App, providing traders with enhanced
capabilities for following signal providers or becoming signal providers
themselves. According to the company's statement, the new user interface
integrates copy trading and regular trading accounts into a single management
page.
Additionally, Vantage's platform has introduced a 'Profit-Sharing'
feature, allowing signal providers to set their profit-sharing ratio limited to a maximum of 50%.
This offers users greater flexibility in selecting signal providers based on
their preferred sharing ratio, the company said.
Euroclear Bank and KSD
Partner for Omnibus Account
Brussels-based Euroclear
Bank and the Korea Securities Depository (KSD) have entered into a
collaboration through a Central Securities Depository (CSD) agreement to
establish an omnibus account.
This partnership aims to
strengthen the global presence of the Korean capital market by enhancing the
liquidity and accessibility of Korean Treasury Bonds (KTBs). According to
Soon-Ho Lee, the Chairman and CEO of KSD, omnibus accounts are a foundation for
globalizing the Korean Capital Market.
ASIC Suspends Navigate
Global Payments' AFS License
The
Australian Securities and Investments Commission (ASIC) has suspended Navigate
Global Payments' Australian financial services license until 18 October. The
suspension comes after Navigate was
placed into voluntary administration in June 2023. ASIC has advised Navigate's
clients to stay updated on the situation through the administrator, receivers,
and managers. Navigate can appeal ASIC's decision through the Administrative Appeals
Tribunal.
FCA's New Warnings
FM, Financial Conduct Authority
The
Financial Conduct Authority (FCA) has recently issued warnings against several
firms operating without proper authorization. The list includes GOLDTREASUREFX,
MYBANKRATE.ONLINE, FIRST OPTION FX LTD, Insolvency Practitioners 4 U, and Angel
Finance. These firms are not registered or authorized by the
FCA, which raises concerns about their legitimacy and the safety of their
investments.
The
warnings were all published on 28 August. The FCA strongly advises the public
to be cautious when dealing with these firms and to check the FCA's official
website for a list of authorized companies. The move is part of the FCA's
ongoing efforts to protect consumers from fraudulent activities and unregulated
financial services.
Coinstore Hits Two Milestones
in User Base and Transaction Volume
The Singapore-based
digital asset exchange, Coinstore has announced a significant achievement,
crossing the 3.6 million user mark. The company also reported an all-time high
in daily transaction volume, reaching $450 million.
"We
started Coinstore in December 2020 when awareness around digital assets was
limited but we are excited to reveal that Coinstore transformed into a global
force with over 3.6 million users who share our vision for the industry," Jennifer
Lu, the Co-Founder at Coinstore, commented. "By 2025, our ultimate
ambition is to cement our status as the primary entry point for digital assets,
catering to millions of users worldwide, and becoming the premier global
platform in emerging markets."
Cake Group Completes Its Executive Team
Samuel Christian, the CMO at Cake
Cake Group,
a digital asset innovator based in Singapore, has finalized its C-suite with
the appointment of a new Chief Marketing Officer (CMO) and promotions to Chief
Product Officer (CPO) and Chief Human Resources Officer (CHRO).
As an industry veteran, Samuel Christian has been named the new CMO and will focus on
scaling Cake's products and services in the Web3 blockchain and crypto space.
Christian's past experience includes roles at Animoca Brands and IPG's group of
agencies, making him well-suited for Cake's ambitious growth plans.
Visa and NymCard Partner
for Seamless Payment Issuance
Visa has
launched its Visa Ready To Launch (VRTL) program to simplify the issuance of
payment products for fintech and non-banking entities. NymCard, a payment
processor in the Middle East and Pakistan, is the first to join the program.
The VRTL
program addresses technological, operational, and commercial enablement challenges by offering a 'One Contract', 'One Pricing', and 'One Integration'
approach, making it easier for startups to go to market.
IMPACT46 Begins Capital
Deployment through Fund III
Saudi
Arabia-based asset management firm IMPACT46 has started deploying capital
through its SAR 500 million Fund III. The fund aims to invest in tech companies
in Saudi Arabia and the broader Middle East, focusing on fintech, SaaS,
platforms, and cybersecurity.
Abdulaziz
Alomran, the CEO and Founder of IMPACT46, highlighted the strong investor
interest in supporting emerging talent and innovation in the region.
"We
are driven by our vision to make a positive impact by identifying, connecting,
and investing in founders and startups who are passionate towards making a
meaningful impact in the sectors they operate in," Alomran added.
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
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
