Also, CAPEX welcomes a new Head of Product; FMA warns against Horizon Capital's clone.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Deutsche Börse
Group to Acquire Outstanding Shares of FundsDLT
Deutsche Börse
Group has announced plans to acquire the remaining shares of FundsDLT, a
company based in Luxembourg that facilitates the distribution of investment funds
through Distributed Ledger Technology (DLT). The acquisition is expected to be
completed in the fourth quarter of 2023 or the first quarter of 2024.
In 2020,
Deutsche Börse Group partnered with the Luxembourg Stock Exchange, Credit
Suisse Asset Management, and Natixis Investment Managers to invest in FundsDLT.
The platform uses blockchain technology to complete subscriptions of
investments.
CAPEX Appoints
Maria Evripidou as Its Head of Product
The multi-asset
global financial services provider, CAPEX has appointed Maria Evripidou as the new Head of Product. Evripidou will reportedly focus on the company’s growth
momentum of CAPEX’s products and services.
Commenting about
the appointment, the Global CEO of CAPEX, Octavian Patrascu said: "With
her wealth of experience in the finance sector, we are confident that Maria
will infuse a fresh perspective and innovative ideas for our endeavors."
FCA Issues
Clarification of Advice Guidance Boundary
The UK’s
Financial Conduct Authority (FCA)
has issued guidance to provide more support for companies helping their
customers to make investment decisions. In a statement released today
(Thursday), the regulator said it was clarifying the boundary of the current
regime to inspire firms to provide support to consumers.
Sarah Pritchard,
the Executive Director of Markets at the FCA, said: "It is vital that people
get the help they need to make effective decisions-whether that be guidance or
full financial advice from a qualified financial advisor."
"Embracing
the fintech revolution, Acuity Trading is once again at the forefront of
innovation with the game-changing NEWSIQ tool," Andrew Lane, the CEO of Acuity
Trading, commented. "As the global provider of AI data-driven trading
tools, we're proud to unveil this cutting-edge product that redefines the trading
landscape for brokers."
NewsIQ
Spectrum Markets Appoints
Mai Le Hoang
Mai Le
Spectrum
Markets, the pan-European trading venue for securitized derivatives, has
announced the appointment of Mai Le Hoang as the new Head of Compliance. Based
in Frankfurt am Main, Hoang will be in charge of all compliance activities
within the company. She brings a wealth of experience from her time at Ernst
& Young, where she managed numerous regulatory and strategic innovation
projects at major financial institutions.
"We
are delighted to welcome Mai Le Hoang to our international team as the Head of
Compliance at Spectrum," Alpay Soytürk, the Chief Regulatory Officer at
Spectrum Markets, said. "With her extensive experience in digital assets
and DLT, she will play a pivotal role in the success of our innovative trading
venue."
"We
are thrilled to have Maria Evripidou join our team as the new Head of Product
for our global operations," Octavian Patrascu, the Global CEO of CAPEX.com,
commented on the new hire. "With her wealth of experience in the finance
sector, we are confident that Maria will infuse a fresh perspective and
innovative ideas for our endeavours."
FMA Warns against Horizon
Capital's Clone
Investors
have been warned by the Financial Markets Authority (FMA) to be cautious when
dealing with the website Horizon-capital.ltd, which claims to be a registered
New Zealand company offering investments.
However,
the entity is not registered to provide financial services in New Zealand and
uses the name, address, and Certificate of Incorporation of a legitimate New
Zealand company, Horizon Capital Limited. The real Horizon Capital Limited has
confirmed that it has no connection with the said website.
Apple and Goldman Sachs
Partnership Yields High-Return Savings Account
Apple Inc.
and Goldman Sachs Group Inc.'s new high-yield savings account has amassed $10
billion in US deposits, showing its success amidst the rumors of a potential
separation between the companies.
The service
was launched in April, and since then, 97% of users have opted to deposit their
Apple Daily Cash into the account. Built into the Wallet app on iPhones, the
account functions like a traditional account, offering 4.15% in interest.
Suspected Syndicate
Members Charged
Stevens Yip
Chi Fai and So Lung Ying, suspected members of a large and sophisticated
syndicate involved in pump-and-dump market manipulation, have been charged
under the Securities and Futures Ordinance and the Crimes Ordinance by Hong
Kong's SFC.
The duo is
accused of employing a scheme with the intent to defraud or deceive victims in
securities transactions. The court has granted bail to Yip Chi Fai and Lung Ying under
specific conditions and has adjourned the case to November 2, 2023.
Deutsche Börse
Group to Acquire Outstanding Shares of FundsDLT
Deutsche Börse
Group has announced plans to acquire the remaining shares of FundsDLT, a
company based in Luxembourg that facilitates the distribution of investment funds
through Distributed Ledger Technology (DLT). The acquisition is expected to be
completed in the fourth quarter of 2023 or the first quarter of 2024.
In 2020,
Deutsche Börse Group partnered with the Luxembourg Stock Exchange, Credit
Suisse Asset Management, and Natixis Investment Managers to invest in FundsDLT.
The platform uses blockchain technology to complete subscriptions of
investments.
CAPEX Appoints
Maria Evripidou as Its Head of Product
The multi-asset
global financial services provider, CAPEX has appointed Maria Evripidou as the new Head of Product. Evripidou will reportedly focus on the company’s growth
momentum of CAPEX’s products and services.
Commenting about
the appointment, the Global CEO of CAPEX, Octavian Patrascu said: "With
her wealth of experience in the finance sector, we are confident that Maria
will infuse a fresh perspective and innovative ideas for our endeavors."
FCA Issues
Clarification of Advice Guidance Boundary
The UK’s
Financial Conduct Authority (FCA)
has issued guidance to provide more support for companies helping their
customers to make investment decisions. In a statement released today
(Thursday), the regulator said it was clarifying the boundary of the current
regime to inspire firms to provide support to consumers.
Sarah Pritchard,
the Executive Director of Markets at the FCA, said: "It is vital that people
get the help they need to make effective decisions-whether that be guidance or
full financial advice from a qualified financial advisor."
"Embracing
the fintech revolution, Acuity Trading is once again at the forefront of
innovation with the game-changing NEWSIQ tool," Andrew Lane, the CEO of Acuity
Trading, commented. "As the global provider of AI data-driven trading
tools, we're proud to unveil this cutting-edge product that redefines the trading
landscape for brokers."
NewsIQ
Spectrum Markets Appoints
Mai Le Hoang
Mai Le
Spectrum
Markets, the pan-European trading venue for securitized derivatives, has
announced the appointment of Mai Le Hoang as the new Head of Compliance. Based
in Frankfurt am Main, Hoang will be in charge of all compliance activities
within the company. She brings a wealth of experience from her time at Ernst
& Young, where she managed numerous regulatory and strategic innovation
projects at major financial institutions.
"We
are delighted to welcome Mai Le Hoang to our international team as the Head of
Compliance at Spectrum," Alpay Soytürk, the Chief Regulatory Officer at
Spectrum Markets, said. "With her extensive experience in digital assets
and DLT, she will play a pivotal role in the success of our innovative trading
venue."
"We
are thrilled to have Maria Evripidou join our team as the new Head of Product
for our global operations," Octavian Patrascu, the Global CEO of CAPEX.com,
commented on the new hire. "With her wealth of experience in the finance
sector, we are confident that Maria will infuse a fresh perspective and
innovative ideas for our endeavours."
FMA Warns against Horizon
Capital's Clone
Investors
have been warned by the Financial Markets Authority (FMA) to be cautious when
dealing with the website Horizon-capital.ltd, which claims to be a registered
New Zealand company offering investments.
However,
the entity is not registered to provide financial services in New Zealand and
uses the name, address, and Certificate of Incorporation of a legitimate New
Zealand company, Horizon Capital Limited. The real Horizon Capital Limited has
confirmed that it has no connection with the said website.
Apple and Goldman Sachs
Partnership Yields High-Return Savings Account
Apple Inc.
and Goldman Sachs Group Inc.'s new high-yield savings account has amassed $10
billion in US deposits, showing its success amidst the rumors of a potential
separation between the companies.
The service
was launched in April, and since then, 97% of users have opted to deposit their
Apple Daily Cash into the account. Built into the Wallet app on iPhones, the
account functions like a traditional account, offering 4.15% in interest.
Suspected Syndicate
Members Charged
Stevens Yip
Chi Fai and So Lung Ying, suspected members of a large and sophisticated
syndicate involved in pump-and-dump market manipulation, have been charged
under the Securities and Futures Ordinance and the Crimes Ordinance by Hong
Kong's SFC.
The duo is
accused of employing a scheme with the intent to defraud or deceive victims in
securities transactions. The court has granted bail to Yip Chi Fai and Lung Ying under
specific conditions and has adjourned the case to November 2, 2023.
As event contracts are set for ‘super-cycle’ growth in volumes and recognition, retail brokers simply can’t stay behind. But can regulated entities integrate a product that is awfully similar to betting?
Join builders across the ecosystemto gain insight into the industry's current and future stance on prediction markets.
Attendees will walk away with:
Better understanding of how the CME, Plus500, and prediction platforms collaborate
Assessment of 2026’s expected volumes and new ‘event’ areas ripe for contracts
Cross-industry understanding of different strategies by brokers (co-opt, partner, buy)
As event contracts are set for ‘super-cycle’ growth in volumes and recognition, retail brokers simply can’t stay behind. But can regulated entities integrate a product that is awfully similar to betting?
Join builders across the ecosystemto gain insight into the industry's current and future stance on prediction markets.
Attendees will walk away with:
Better understanding of how the CME, Plus500, and prediction platforms collaborate
Assessment of 2026’s expected volumes and new ‘event’ areas ripe for contracts
Cross-industry understanding of different strategies by brokers (co-opt, partner, buy)
As event contracts are set for ‘super-cycle’ growth in volumes and recognition, retail brokers simply can’t stay behind. But can regulated entities integrate a product that is awfully similar to betting?
Join builders across the ecosystemto gain insight into the industry's current and future stance on prediction markets.
Attendees will walk away with:
Better understanding of how the CME, Plus500, and prediction platforms collaborate
Assessment of 2026’s expected volumes and new ‘event’ areas ripe for contracts
Cross-industry understanding of different strategies by brokers (co-opt, partner, buy)
As event contracts are set for ‘super-cycle’ growth in volumes and recognition, retail brokers simply can’t stay behind. But can regulated entities integrate a product that is awfully similar to betting?
Join builders across the ecosystemto gain insight into the industry's current and future stance on prediction markets.
Attendees will walk away with:
Better understanding of how the CME, Plus500, and prediction platforms collaborate
Assessment of 2026’s expected volumes and new ‘event’ areas ripe for contracts
Cross-industry understanding of different strategies by brokers (co-opt, partner, buy)
Precious Insights: APAC's Bullion Market amid Record Volatility
Precious Insights: APAC's Bullion Market amid Record Volatility
Precious Insights: APAC's Bullion Market amid Record Volatility
Precious Insights: APAC's Bullion Market amid Record Volatility
Precious Insights: APAC's Bullion Market amid Record Volatility
Precious Insights: APAC's Bullion Market amid Record Volatility
The precious metals rally has challenged how brokers and LPs think about hedging, pricing, and physical delivery. But with regional banks eyeing physical gold retail and bullion brokers across Southeast Asia harnessing new tech, volatility is not only in 'safe havens'.
This session gathers practitioners from across the bullion ecosystem to unpack what the rally means on the ground in APAC.
Attendees will walk away with:
Insight into the physical market dynamics driving retail demand across Southeast Asia, from central bank buying to store-of-value purchases
Understanding of Singapore's distinct role as APAC's bullion gateway, and competition near and far
Perspective on operational challenges unique to APAC: kilogram pricing, local delivery, and bridging CFD and physical bullion infrastructure
The precious metals rally has challenged how brokers and LPs think about hedging, pricing, and physical delivery. But with regional banks eyeing physical gold retail and bullion brokers across Southeast Asia harnessing new tech, volatility is not only in 'safe havens'.
This session gathers practitioners from across the bullion ecosystem to unpack what the rally means on the ground in APAC.
Attendees will walk away with:
Insight into the physical market dynamics driving retail demand across Southeast Asia, from central bank buying to store-of-value purchases
Understanding of Singapore's distinct role as APAC's bullion gateway, and competition near and far
Perspective on operational challenges unique to APAC: kilogram pricing, local delivery, and bridging CFD and physical bullion infrastructure
The precious metals rally has challenged how brokers and LPs think about hedging, pricing, and physical delivery. But with regional banks eyeing physical gold retail and bullion brokers across Southeast Asia harnessing new tech, volatility is not only in 'safe havens'.
This session gathers practitioners from across the bullion ecosystem to unpack what the rally means on the ground in APAC.
Attendees will walk away with:
Insight into the physical market dynamics driving retail demand across Southeast Asia, from central bank buying to store-of-value purchases
Understanding of Singapore's distinct role as APAC's bullion gateway, and competition near and far
Perspective on operational challenges unique to APAC: kilogram pricing, local delivery, and bridging CFD and physical bullion infrastructure
The precious metals rally has challenged how brokers and LPs think about hedging, pricing, and physical delivery. But with regional banks eyeing physical gold retail and bullion brokers across Southeast Asia harnessing new tech, volatility is not only in 'safe havens'.
This session gathers practitioners from across the bullion ecosystem to unpack what the rally means on the ground in APAC.
Attendees will walk away with:
Insight into the physical market dynamics driving retail demand across Southeast Asia, from central bank buying to store-of-value purchases
Understanding of Singapore's distinct role as APAC's bullion gateway, and competition near and far
Perspective on operational challenges unique to APAC: kilogram pricing, local delivery, and bridging CFD and physical bullion infrastructure
The precious metals rally has challenged how brokers and LPs think about hedging, pricing, and physical delivery. But with regional banks eyeing physical gold retail and bullion brokers across Southeast Asia harnessing new tech, volatility is not only in 'safe havens'.
This session gathers practitioners from across the bullion ecosystem to unpack what the rally means on the ground in APAC.
Attendees will walk away with:
Insight into the physical market dynamics driving retail demand across Southeast Asia, from central bank buying to store-of-value purchases
Understanding of Singapore's distinct role as APAC's bullion gateway, and competition near and far
Perspective on operational challenges unique to APAC: kilogram pricing, local delivery, and bridging CFD and physical bullion infrastructure
The precious metals rally has challenged how brokers and LPs think about hedging, pricing, and physical delivery. But with regional banks eyeing physical gold retail and bullion brokers across Southeast Asia harnessing new tech, volatility is not only in 'safe havens'.
This session gathers practitioners from across the bullion ecosystem to unpack what the rally means on the ground in APAC.
Attendees will walk away with:
Insight into the physical market dynamics driving retail demand across Southeast Asia, from central bank buying to store-of-value purchases
Understanding of Singapore's distinct role as APAC's bullion gateway, and competition near and far
Perspective on operational challenges unique to APAC: kilogram pricing, local delivery, and bridging CFD and physical bullion infrastructure
License to Fill: Market Liquidity amid Global Turmoil
License to Fill: Market Liquidity amid Global Turmoil
License to Fill: Market Liquidity amid Global Turmoil
License to Fill: Market Liquidity amid Global Turmoil
License to Fill: Market Liquidity amid Global Turmoil
License to Fill: Market Liquidity amid Global Turmoil
Asian markets bear unique characteristics, from connectivity to asset preference. The Singapore Summit will connect global executives and local experts across the liquidity chain to discuss volatility fluctuations, diversification vs over-reliance on single assets, and the role of trust and liquidity relationships in an increasingly automated sphere.
Asian markets bear unique characteristics, from connectivity to asset preference. The Singapore Summit will connect global executives and local experts across the liquidity chain to discuss volatility fluctuations, diversification vs over-reliance on single assets, and the role of trust and liquidity relationships in an increasingly automated sphere.
Asian markets bear unique characteristics, from connectivity to asset preference. The Singapore Summit will connect global executives and local experts across the liquidity chain to discuss volatility fluctuations, diversification vs over-reliance on single assets, and the role of trust and liquidity relationships in an increasingly automated sphere.
Asian markets bear unique characteristics, from connectivity to asset preference. The Singapore Summit will connect global executives and local experts across the liquidity chain to discuss volatility fluctuations, diversification vs over-reliance on single assets, and the role of trust and liquidity relationships in an increasingly automated sphere.
Asian markets bear unique characteristics, from connectivity to asset preference. The Singapore Summit will connect global executives and local experts across the liquidity chain to discuss volatility fluctuations, diversification vs over-reliance on single assets, and the role of trust and liquidity relationships in an increasingly automated sphere.
Asian markets bear unique characteristics, from connectivity to asset preference. The Singapore Summit will connect global executives and local experts across the liquidity chain to discuss volatility fluctuations, diversification vs over-reliance on single assets, and the role of trust and liquidity relationships in an increasingly automated sphere.
Regional Focus: Thailand, Vietnam
Regional Focus: Thailand, Vietnam
Regional Focus: Thailand, Vietnam
Regional Focus: Thailand, Vietnam
Regional Focus: Thailand, Vietnam
Regional Focus: Thailand, Vietnam
Bangkok is consolidating as Southeast Asia's broker hub for CLMV access, while Vietnam's trading volumes have made it harder to ignore from any regional headquarters. Most brokers know both exist. Fewer have tested what operating there actually requires.
This session gathers practitioners with on-the-ground experience in both markets to examine what it takes to build and run operations in Thailand and Vietnam.
Attendees will walk away with:
A clear view of setup requirements in both markets: entity structures, timelines, and what first-time operators tend to get wrong
Understanding of the offshore broker model and how compliant operators work within domestic restrictions in each jurisdiction
Insight into talent acquisition, client onboarding, and distribution in markets where language, culture, and acquisition channels don't follow standard APAC assumptions
Perspective on adjacent Southeast Asian markets worth monitoring for the next regional move
Bangkok is consolidating as Southeast Asia's broker hub for CLMV access, while Vietnam's trading volumes have made it harder to ignore from any regional headquarters. Most brokers know both exist. Fewer have tested what operating there actually requires.
This session gathers practitioners with on-the-ground experience in both markets to examine what it takes to build and run operations in Thailand and Vietnam.
Attendees will walk away with:
A clear view of setup requirements in both markets: entity structures, timelines, and what first-time operators tend to get wrong
Understanding of the offshore broker model and how compliant operators work within domestic restrictions in each jurisdiction
Insight into talent acquisition, client onboarding, and distribution in markets where language, culture, and acquisition channels don't follow standard APAC assumptions
Perspective on adjacent Southeast Asian markets worth monitoring for the next regional move
Bangkok is consolidating as Southeast Asia's broker hub for CLMV access, while Vietnam's trading volumes have made it harder to ignore from any regional headquarters. Most brokers know both exist. Fewer have tested what operating there actually requires.
This session gathers practitioners with on-the-ground experience in both markets to examine what it takes to build and run operations in Thailand and Vietnam.
Attendees will walk away with:
A clear view of setup requirements in both markets: entity structures, timelines, and what first-time operators tend to get wrong
Understanding of the offshore broker model and how compliant operators work within domestic restrictions in each jurisdiction
Insight into talent acquisition, client onboarding, and distribution in markets where language, culture, and acquisition channels don't follow standard APAC assumptions
Perspective on adjacent Southeast Asian markets worth monitoring for the next regional move
Bangkok is consolidating as Southeast Asia's broker hub for CLMV access, while Vietnam's trading volumes have made it harder to ignore from any regional headquarters. Most brokers know both exist. Fewer have tested what operating there actually requires.
This session gathers practitioners with on-the-ground experience in both markets to examine what it takes to build and run operations in Thailand and Vietnam.
Attendees will walk away with:
A clear view of setup requirements in both markets: entity structures, timelines, and what first-time operators tend to get wrong
Understanding of the offshore broker model and how compliant operators work within domestic restrictions in each jurisdiction
Insight into talent acquisition, client onboarding, and distribution in markets where language, culture, and acquisition channels don't follow standard APAC assumptions
Perspective on adjacent Southeast Asian markets worth monitoring for the next regional move
Bangkok is consolidating as Southeast Asia's broker hub for CLMV access, while Vietnam's trading volumes have made it harder to ignore from any regional headquarters. Most brokers know both exist. Fewer have tested what operating there actually requires.
This session gathers practitioners with on-the-ground experience in both markets to examine what it takes to build and run operations in Thailand and Vietnam.
Attendees will walk away with:
A clear view of setup requirements in both markets: entity structures, timelines, and what first-time operators tend to get wrong
Understanding of the offshore broker model and how compliant operators work within domestic restrictions in each jurisdiction
Insight into talent acquisition, client onboarding, and distribution in markets where language, culture, and acquisition channels don't follow standard APAC assumptions
Perspective on adjacent Southeast Asian markets worth monitoring for the next regional move
Bangkok is consolidating as Southeast Asia's broker hub for CLMV access, while Vietnam's trading volumes have made it harder to ignore from any regional headquarters. Most brokers know both exist. Fewer have tested what operating there actually requires.
This session gathers practitioners with on-the-ground experience in both markets to examine what it takes to build and run operations in Thailand and Vietnam.
Attendees will walk away with:
A clear view of setup requirements in both markets: entity structures, timelines, and what first-time operators tend to get wrong
Understanding of the offshore broker model and how compliant operators work within domestic restrictions in each jurisdiction
Insight into talent acquisition, client onboarding, and distribution in markets where language, culture, and acquisition channels don't follow standard APAC assumptions
Perspective on adjacent Southeast Asian markets worth monitoring for the next regional move
Join The Club: What Premium Clients Want
Join The Club: What Premium Clients Want
Join The Club: What Premium Clients Want
Join The Club: What Premium Clients Want
Join The Club: What Premium Clients Want
Join The Club: What Premium Clients Want
High-net-worth traders account for an outsized portion of revenues for various retail brokers.
This session will gather heads of premium, acquisition, and product experts to reveal how they build their client base in Asia.
Attendees will walk away with:
Understanding of how brokers view premium clients (beyond deposit size).
Insight into which services, products, and benefits increase trust and LTV.
Examples of offerings that scale without inflating cost or operational burden.
Lessons from leading brokers on growing premium segments and what’s next.
High-net-worth traders account for an outsized portion of revenues for various retail brokers.
This session will gather heads of premium, acquisition, and product experts to reveal how they build their client base in Asia.
Attendees will walk away with:
Understanding of how brokers view premium clients (beyond deposit size).
Insight into which services, products, and benefits increase trust and LTV.
Examples of offerings that scale without inflating cost or operational burden.
Lessons from leading brokers on growing premium segments and what’s next.
High-net-worth traders account for an outsized portion of revenues for various retail brokers.
This session will gather heads of premium, acquisition, and product experts to reveal how they build their client base in Asia.
Attendees will walk away with:
Understanding of how brokers view premium clients (beyond deposit size).
Insight into which services, products, and benefits increase trust and LTV.
Examples of offerings that scale without inflating cost or operational burden.
Lessons from leading brokers on growing premium segments and what’s next.
High-net-worth traders account for an outsized portion of revenues for various retail brokers.
This session will gather heads of premium, acquisition, and product experts to reveal how they build their client base in Asia.
Attendees will walk away with:
Understanding of how brokers view premium clients (beyond deposit size).
Insight into which services, products, and benefits increase trust and LTV.
Examples of offerings that scale without inflating cost or operational burden.
Lessons from leading brokers on growing premium segments and what’s next.
High-net-worth traders account for an outsized portion of revenues for various retail brokers.
This session will gather heads of premium, acquisition, and product experts to reveal how they build their client base in Asia.
Attendees will walk away with:
Understanding of how brokers view premium clients (beyond deposit size).
Insight into which services, products, and benefits increase trust and LTV.
Examples of offerings that scale without inflating cost or operational burden.
Lessons from leading brokers on growing premium segments and what’s next.
High-net-worth traders account for an outsized portion of revenues for various retail brokers.
This session will gather heads of premium, acquisition, and product experts to reveal how they build their client base in Asia.
Attendees will walk away with:
Understanding of how brokers view premium clients (beyond deposit size).
Insight into which services, products, and benefits increase trust and LTV.
Examples of offerings that scale without inflating cost or operational burden.
Lessons from leading brokers on growing premium segments and what’s next.
