News Nuggets | 5 June: Brokeree, Advance Markets Partner; Illegal Brokers

Binance Appoints Rachel Conlan as VP of Global Marketing

Binance has appointed Rachel Conlan as the Vice President of Global Marketing to manage regional and global marketing teams, the crypto exchange announced on June 5.

In her new role, Conlan would "introduce more people to the blockchain, familiarizing them with Binance, and collectively building this very early-stage industry," Binance's Co-Founder, Yi He said. With experience heading Global Partnerships at CAA Sports and as a Global Chief Marketing Officer for Havas, Conlan is expected to steer Binance’s partnerships.

Her work would also include collaborating with influential leaders on the role of cryptocurrencies and blockchain technology, Binance said.

Brokeree Integrates Advance Markets' Liquidity

Brokeree Solutions and Advance Markets have partnered to enhance their offerings. Announced today (Monday), Brokeree's Liquidity Bridge has integrated Advanced Markets' revolutionary liquidity services.

It will provide access to the liquidity management technology of Liquidity Bridge and the liquidity pool of Advanced Markets simultaneously to the brokers using MetaTrader 4, MetaTrader 5, and DXtrade trading platforms.

"With this integration, brokers can offer their clients access to a wider range of trading instruments, faster execution speeds, and tighter spreads," said Andrey Kamyshanov, the Co-Founder and Managing Partner at Brokeree Solutions.

Anya Aratovskaya, the VP of Institutional Sales at Advanced Markets, added: "By combining our strengths in liquidity provision and technology, we aim to empower brokers with greater flexibility, efficiency, and reliability, in trade execution and risk management."

Consob Blocks Five New Trading Platforms

Italy's financial markets regulator, Consob, has added five new names to its long list of backlisted trading platforms illegally operating within its jurisdictions. These platforms either do not have a license to carry out services in Italy or are outright scams.

The names of the blacklisted platforms are CapitalFXM, AW FX Bank, INDEX ACCOUNTING, and Finex Finance Global. Most of these websites offer risky CFDs trading, while one offers real-estate investment plans with a weekly interest of as much as 30 percent.

With the latest addition, Consob is now blocking access to 903 illegal websites offering trading or investment services.

Malaysian Regulator Flags 25 Unauthorised Firms

The Securities Commission of Malaysia has updated its Investors Alert List with the addition of 25 new names to it. Some added names include FX/CFDs brands like Winsdor Brokers, AETOS, Lion Brokers, CWG Markets, DCFX, and more.

According to the regulator, most platforms are "carrying on unlicensed capital market activities of dealing in securities."

Previously, the Malaysian regulator flagged several other well-known brokerage brands. Last month, the SC flagged the crypto exchange, Huobi for offering services illegally in the country, and it was ordered to terminate its operations.

Spain's CNMV Identifies 8 Unregistered Platforms

Another financial market regulator to add new names to its warning list is Spain's National Securities Market Commission (CNMV). The watchdog flagged eight 'unregistered institutions'.

The flagged entities are ACI-VPFX, BINETRIX, BITMART, BWGAMONLINE.COM / BWINTERNET, FINANCE TRADERS LTD, GADVM LIMITED, SUPREME MARKETS, and BELANA GROUP LLC. Some of these platforms are not available anymore, however, a few still offer trading services with risky instruments.

"According to CNMV records, these institutions are not registered in the corresponding registry of this Commission and, therefore, are not authorized to provide investment services or other activities subject to the CNMV's supervision," the regulator added.

CAPEX.com Promotes George Pavel

CAPEX.com has filled the role of General Manager of its Abu Dhabi office with the internal promotion of George Pavel. He was previously the Head of Partnerships and spent the last six years with the FX/CFDs broker.

"In this role, I'll be leading a talented team and working to drive growth and innovation for the company," Pavel wrote in a Linkedin post.

CAPEX.com received an in-principal Abu Dhabi crypto license last year. Additionally, it is regulated in Cyprus, South Africa, and Seychelles. Furthermore, the platform expanded its services earlier this year by launching real shares dealing.