FCA's order to asset managers; new President at AEGIS SEF.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
ICE Reports Surging Trading Volumes in June
The financial technology and data services provider,
Intercontinental Exchange (ICE), has released the trading volumes and revenue
statistics for June. In the report, the average daily volumes (ADV) in energy
increased 26% compared to the same period last year.
Similarly, the ADV for metals rose 32%, while that for the NYSE Equity Options grew 13% from that of the same period in 2022.
Commenting on the report, Ben Jackson, the President of the
ICE, said: "ICE had a strong second quarter and first half as customers
utilize our multi-currency platform of global benchmarks across commodities, energy,
and interest rates to manage their risk exposure."
Finequities Partners with ViewTrade For AI Trading
The social trading platform Finequities has tapped the technology of ViewTrade for its Artificial Intelligence-enabled social trading
platform.
Finequities was launched in 2003 and uses AI technology
to enable traders to copy the strategies of their experienced counterparts.
On the Finequities' platform, traders can trade
all the equities instruments listed in the US and the Exchange-Traded Funds (ETFs).
On the other hand, ViewTrade offers financial technology to support brokerage companies.
Forex Fraudsters to Pay
$10 Million
A federal
court has ruled against four feeder fund operators and their respective
companies in Florida and New Jersey for running commodity pool frauds. The
operators, Surujpal Sahdeo, Daniel Cologero, Randy Rosseau, and Hemraj Singh,
and their associated entities were ordered to pay over $10 million in combined
restitution and penalties.
This
follows a complaint in September 2020 alleging that they failed to register with
the Commodity Futures Trading Commission (CFTC). What is more, they violated
regulations relating to commodity pool operations. Thus, the court has imposed
permanent trading and registration bans on them.
ESMA Launches Supervisory
Action
The
European Securities and Markets Authority (ESMA) is starting a joint oversight
effort with National Competent Authorities (NCAs). They aim to check if
asset managers follow sustainability disclosure rules and manage sustainability
risks. They aim to ensure these managers comply with the Sustainable Finance
Disclosure Regulation (SFDR) and other related laws.
ESMA and
NCAs are seeking to identify the risks of greenwashing in the investment
management sector and determine any further supervisory and regulatory
intervention necessary. The program promotes transparency and
consistency in supervising risks from incorrect and misleading disclosure.
New VP for N26's European
Operations
Andrea Isola
Andrea
Isola, previously the General Manager for Italy & South East Europe at N26,
has been named the new Vice President of European Markets and Business
Operations at N26. In his new role, Isola will supervise the bank's European
markets, Business Operations, Strategic Project Management, and Sourcing
functions. He aims for sustainable growth in N26's core European markets.
Isola will
report to Maximilian Tayenthal, the Co-Founder and Chief Operating Officer at N26, while also temporarily holding the position of General Manager for Italy
and South-East Europe. He plans to streamline organizational processes to
enhance alignment and strengthen operational capabilities.
Money Concepts Adopts
Broadridge Tech
Money
Concepts Capital Corp. has improved its data management technology by
implementing Wealth Data Aggregation and Financial Reporting from Broadridge
Financial Solutions, Inc. This technology offers advisors a comprehensive view
of each client's holdings and activity.
The
company's CEO, Denis Walsh, stressed that the technology aids in optimizing
advisor productivity and gaining unique insights for client growth. The
transition from legacy technology was smooth and efficient, with historical
transactions migrated without delays or issues.
Gate.io Partners with
Sumsub
Gate.io, a Virtual
asset service provider, is collaborating with Sumsub, a full-cycle
verification platform. The alliance aims to bolster the user onboarding process
and ensure AML compliance with crypto regulatory requirements worldwide. Sumsub
will provide Gate.io with solutions for know-your-customer (KYC), anti-money
laundering (AML), and transaction monitoring.
With the
increasing demand for cryptos, the necessity for strong KYC, AML, and
anti-fraud measures has been escalating. The partnership between Gate.io and Sumsub seeks
to address these needs. Also, it delivers a secure and efficient onboarding
experience for cryptocurrency users across the globe.
LiteFinance Opens Office in Uzbekistan
LiteFinance, a prominent FX/CFDs broker, has expanded its physical footprint further with the latest opening of a representative office in Tashkent, Uzbekistan. Though the office premises were ceremonially opened on 10 June, the broker publicly announced it today (Thursday).
"Our clients in Uzbekistan can visit our regional office and receive professional assistance from LiteFinance managers. Our team will answer all your questions, help you register on the platform, and tell you about the company's unique features and services," the announcement added.
Litefinance has more than a dozen regional and representative offices. It has a physical presence in Singapore, Ghana, Indonesia, Kenya, Kyrgyzstan, Mongolia, Morocco, Myanmar, Thailand, Vietnam, and a few other countries.
TradingView Adds Taiwan Futures Exchange
TradingView has expanded its data feed offerings with the latest addition of futures data from the Taiwan Futures Exchange (TAIFEX). TradingView users can now access TAIFEX data easily.
Established in 1997, TAIFEX operates as a fully-fledged platform with its own trading, clearing, and market oversight functions.
"For decades, TAIFEX has been hard at work, upgrading its facilities and seeking stable growth, and today, it lists about 300 products. Among them are equity index futures, single stock futures, ETF futures, commodity futures, and currency futures," the announcement added.
AEGIS SEF Appoints New President
AEGIS SEF announced the appointment of Chris Payne as the new President, replacing Justin McCrann. It came as an internal promotion as Payne previously was the Chief Product Officer for AEGIS Hedging Solutions, the parent of AEGIS SEF.
Chris Payne, President at AEGIS SEF
"Recent volume records indicate material adoption of the platform," Payne said in a statement. "We are eager to help our Participants sustain that growth by leveraging modernized electronic trading in a way that benefits everyone in these markets. Participant feedback remains strong, and the record growth is supported by significant new Dealer interest in AEGIS SEF from a mix of counterparties, including registered swap dealers, integrated marketers, proprietary trading firms, and hedge funds."
Meanwhile, the company listed an array of new products, including Interest Rates, Aluminum, Diesel, Gasoline, Crude Oil Roll swaps, Swing swaps, and a range of Canadian Energy swaps.
PayPay and LINE BITMAX Partner
LINE's virtual Asset and blockchain unit, LINE Xenesis, and PayPay partnered to launch the PayPay Linkage Service, allowing the purchase and cash out of virtual assets on the trading platform LINE BITMAXX using PayPay Money.
"Using this service, users will be able to link their 'PayPay' and 'LINE BITMAX' accounts and newly purchase virtual Assets using PayPay Money ('PayPay Quick Purchase') and cash out their 'LINE BITMAX' balance deposits to PayPay Money (top-up). Users can proceed to link their account from 'PayPay Quick Purchase' or 'Cash Out to PayPay'," the announcement stated.
"If users already have PayPay Money balance, they do not need to deposit money separately; instead, they can purchase virtual Assets from just 1 yen on 'LINE BITMAX' itself, twenty-four hours a day, 365 days a year."
FCA Urges Asset Managers to Review Liquidity Management
The Financial Conduct Authority (FCA) today (Thursday) issued a notice ordering asset managers to review and manage liquidity effectively. It came after the regulator reviewed the liquidity management in asset managers and found a need for increased focus on liquidity risks.
Furthermore, the UK's financial watchdog highlighted that poor liquidity management could result in serious risks for investors and broader market stability.
"We have seen examples in the market where liquidity risk has crystallized and the impact this can have on investors," said Camille Blackburn, the Director of Wholesale Buy-Side at the FCA. "This review should serve as a warning to all asset managers that they need to get this right. We expect boards to discuss our findings and assure themselves that their firms are not amongst the minority with serious gaps in managing liquidity risk."
ICE Reports Surging Trading Volumes in June
The financial technology and data services provider,
Intercontinental Exchange (ICE), has released the trading volumes and revenue
statistics for June. In the report, the average daily volumes (ADV) in energy
increased 26% compared to the same period last year.
Similarly, the ADV for metals rose 32%, while that for the NYSE Equity Options grew 13% from that of the same period in 2022.
Commenting on the report, Ben Jackson, the President of the
ICE, said: "ICE had a strong second quarter and first half as customers
utilize our multi-currency platform of global benchmarks across commodities, energy,
and interest rates to manage their risk exposure."
Finequities Partners with ViewTrade For AI Trading
The social trading platform Finequities has tapped the technology of ViewTrade for its Artificial Intelligence-enabled social trading
platform.
Finequities was launched in 2003 and uses AI technology
to enable traders to copy the strategies of their experienced counterparts.
On the Finequities' platform, traders can trade
all the equities instruments listed in the US and the Exchange-Traded Funds (ETFs).
On the other hand, ViewTrade offers financial technology to support brokerage companies.
Forex Fraudsters to Pay
$10 Million
A federal
court has ruled against four feeder fund operators and their respective
companies in Florida and New Jersey for running commodity pool frauds. The
operators, Surujpal Sahdeo, Daniel Cologero, Randy Rosseau, and Hemraj Singh,
and their associated entities were ordered to pay over $10 million in combined
restitution and penalties.
This
follows a complaint in September 2020 alleging that they failed to register with
the Commodity Futures Trading Commission (CFTC). What is more, they violated
regulations relating to commodity pool operations. Thus, the court has imposed
permanent trading and registration bans on them.
ESMA Launches Supervisory
Action
The
European Securities and Markets Authority (ESMA) is starting a joint oversight
effort with National Competent Authorities (NCAs). They aim to check if
asset managers follow sustainability disclosure rules and manage sustainability
risks. They aim to ensure these managers comply with the Sustainable Finance
Disclosure Regulation (SFDR) and other related laws.
ESMA and
NCAs are seeking to identify the risks of greenwashing in the investment
management sector and determine any further supervisory and regulatory
intervention necessary. The program promotes transparency and
consistency in supervising risks from incorrect and misleading disclosure.
New VP for N26's European
Operations
Andrea Isola
Andrea
Isola, previously the General Manager for Italy & South East Europe at N26,
has been named the new Vice President of European Markets and Business
Operations at N26. In his new role, Isola will supervise the bank's European
markets, Business Operations, Strategic Project Management, and Sourcing
functions. He aims for sustainable growth in N26's core European markets.
Isola will
report to Maximilian Tayenthal, the Co-Founder and Chief Operating Officer at N26, while also temporarily holding the position of General Manager for Italy
and South-East Europe. He plans to streamline organizational processes to
enhance alignment and strengthen operational capabilities.
Money Concepts Adopts
Broadridge Tech
Money
Concepts Capital Corp. has improved its data management technology by
implementing Wealth Data Aggregation and Financial Reporting from Broadridge
Financial Solutions, Inc. This technology offers advisors a comprehensive view
of each client's holdings and activity.
The
company's CEO, Denis Walsh, stressed that the technology aids in optimizing
advisor productivity and gaining unique insights for client growth. The
transition from legacy technology was smooth and efficient, with historical
transactions migrated without delays or issues.
Gate.io Partners with
Sumsub
Gate.io, a Virtual
asset service provider, is collaborating with Sumsub, a full-cycle
verification platform. The alliance aims to bolster the user onboarding process
and ensure AML compliance with crypto regulatory requirements worldwide. Sumsub
will provide Gate.io with solutions for know-your-customer (KYC), anti-money
laundering (AML), and transaction monitoring.
With the
increasing demand for cryptos, the necessity for strong KYC, AML, and
anti-fraud measures has been escalating. The partnership between Gate.io and Sumsub seeks
to address these needs. Also, it delivers a secure and efficient onboarding
experience for cryptocurrency users across the globe.
LiteFinance Opens Office in Uzbekistan
LiteFinance, a prominent FX/CFDs broker, has expanded its physical footprint further with the latest opening of a representative office in Tashkent, Uzbekistan. Though the office premises were ceremonially opened on 10 June, the broker publicly announced it today (Thursday).
"Our clients in Uzbekistan can visit our regional office and receive professional assistance from LiteFinance managers. Our team will answer all your questions, help you register on the platform, and tell you about the company's unique features and services," the announcement added.
Litefinance has more than a dozen regional and representative offices. It has a physical presence in Singapore, Ghana, Indonesia, Kenya, Kyrgyzstan, Mongolia, Morocco, Myanmar, Thailand, Vietnam, and a few other countries.
TradingView Adds Taiwan Futures Exchange
TradingView has expanded its data feed offerings with the latest addition of futures data from the Taiwan Futures Exchange (TAIFEX). TradingView users can now access TAIFEX data easily.
Established in 1997, TAIFEX operates as a fully-fledged platform with its own trading, clearing, and market oversight functions.
"For decades, TAIFEX has been hard at work, upgrading its facilities and seeking stable growth, and today, it lists about 300 products. Among them are equity index futures, single stock futures, ETF futures, commodity futures, and currency futures," the announcement added.
AEGIS SEF Appoints New President
AEGIS SEF announced the appointment of Chris Payne as the new President, replacing Justin McCrann. It came as an internal promotion as Payne previously was the Chief Product Officer for AEGIS Hedging Solutions, the parent of AEGIS SEF.
Chris Payne, President at AEGIS SEF
"Recent volume records indicate material adoption of the platform," Payne said in a statement. "We are eager to help our Participants sustain that growth by leveraging modernized electronic trading in a way that benefits everyone in these markets. Participant feedback remains strong, and the record growth is supported by significant new Dealer interest in AEGIS SEF from a mix of counterparties, including registered swap dealers, integrated marketers, proprietary trading firms, and hedge funds."
Meanwhile, the company listed an array of new products, including Interest Rates, Aluminum, Diesel, Gasoline, Crude Oil Roll swaps, Swing swaps, and a range of Canadian Energy swaps.
PayPay and LINE BITMAX Partner
LINE's virtual Asset and blockchain unit, LINE Xenesis, and PayPay partnered to launch the PayPay Linkage Service, allowing the purchase and cash out of virtual assets on the trading platform LINE BITMAXX using PayPay Money.
"Using this service, users will be able to link their 'PayPay' and 'LINE BITMAX' accounts and newly purchase virtual Assets using PayPay Money ('PayPay Quick Purchase') and cash out their 'LINE BITMAX' balance deposits to PayPay Money (top-up). Users can proceed to link their account from 'PayPay Quick Purchase' or 'Cash Out to PayPay'," the announcement stated.
"If users already have PayPay Money balance, they do not need to deposit money separately; instead, they can purchase virtual Assets from just 1 yen on 'LINE BITMAX' itself, twenty-four hours a day, 365 days a year."
FCA Urges Asset Managers to Review Liquidity Management
The Financial Conduct Authority (FCA) today (Thursday) issued a notice ordering asset managers to review and manage liquidity effectively. It came after the regulator reviewed the liquidity management in asset managers and found a need for increased focus on liquidity risks.
Furthermore, the UK's financial watchdog highlighted that poor liquidity management could result in serious risks for investors and broader market stability.
"We have seen examples in the market where liquidity risk has crystallized and the impact this can have on investors," said Camille Blackburn, the Director of Wholesale Buy-Side at the FCA. "This review should serve as a warning to all asset managers that they need to get this right. We expect boards to discuss our findings and assure themselves that their firms are not amongst the minority with serious gaps in managing liquidity risk."
Indian Police Issued Interpol Notice against “OctaFX Mastermind”: Report
FINANCE MAGNATES LONDON SUMMIT 2025
FINANCE MAGNATES LONDON SUMMIT 2025
The FMLS:25 highlights video is now live - a look back at the conversations, the energy on the floor, and the moments that shaped this year’s summit.
While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
The FMLS:25 highlights video is now live - a look back at the conversations, the energy on the floor, and the moments that shaped this year’s summit.
While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
What sources does the Finance Magnates newsroom rely on before publishing a story? #FinanceNews
What sources does the Finance Magnates newsroom rely on before publishing a story? #FinanceNews
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the editorial process: direct industry sources, reports, regulators, social media signals, and thorough cross-checking before anything goes live.
📰 Industry sources
📊 Reports & regulators
🔎 Verification before publication
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the editorial process: direct industry sources, reports, regulators, social media signals, and thorough cross-checking before anything goes live.
📰 Industry sources
📊 Reports & regulators
🔎 Verification before publication
OnePrime’s Jerry Khargi on Infrastructure, Liquidity & Trust | Executive Interview
OnePrime’s Jerry Khargi on Infrastructure, Liquidity & Trust | Executive Interview
Recorded live at FMLS:25 London, this exclusive executive interview features Jerry Khargi, Executive Director at OnePrime, in conversation with Andrea Badiola Mateos from Finance Magnates.
In this in-depth discussion, Jerry shares:
- OnePrime’s journey from a retail-focused business to a global institutional liquidity provider
- What truly sets award-winning trading infrastructure apart
- Key trends shaping institutional trading, including technology and AI
- The importance of transparency, ethics, and reputation in long-term success
- OnePrime’s vision for growth over the next 12–24 months
Fresh from winning Finance Magnates’ Best Trading Infrastructure Broker, Jerry explains how experience, mentorship, and real-world problem solving form the “special sauce” behind OnePrime’s institutional offering.
🏆 Award Highlight: Best Trading Infrastructure Broker
👉 Subscribe to Finance Magnates for more executive interviews, market insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #OnePrime #InstitutionalTrading #Liquidity #TradingInfrastructure #ExecutiveInterview
Recorded live at FMLS:25 London, this exclusive executive interview features Jerry Khargi, Executive Director at OnePrime, in conversation with Andrea Badiola Mateos from Finance Magnates.
In this in-depth discussion, Jerry shares:
- OnePrime’s journey from a retail-focused business to a global institutional liquidity provider
- What truly sets award-winning trading infrastructure apart
- Key trends shaping institutional trading, including technology and AI
- The importance of transparency, ethics, and reputation in long-term success
- OnePrime’s vision for growth over the next 12–24 months
Fresh from winning Finance Magnates’ Best Trading Infrastructure Broker, Jerry explains how experience, mentorship, and real-world problem solving form the “special sauce” behind OnePrime’s institutional offering.
🏆 Award Highlight: Best Trading Infrastructure Broker
👉 Subscribe to Finance Magnates for more executive interviews, market insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #OnePrime #InstitutionalTrading #Liquidity #TradingInfrastructure #ExecutiveInterview
How does the Finance Magnates newsroom decide which updates are worth covering? #financenews
How does the Finance Magnates newsroom decide which updates are worth covering? #financenews
What makes an update worth covering in financial media?
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, editorial focus starts with relevance: stories that serve the industry, support brokers and technology providers, and help decision-makers navigate their businesses.
A reminder that strong financial journalism is built on value, not volume.
What makes an update worth covering in financial media?
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, editorial focus starts with relevance: stories that serve the industry, support brokers and technology providers, and help decision-makers navigate their businesses.
A reminder that strong financial journalism is built on value, not volume.
Liquidity as a Business: How Brokers Can Earn More
Liquidity as a Business: How Brokers Can Earn More
This webinar will focuses on how brokers can create new revenue streams by launching or enhancing their liquidity business.
John Murillo, Chief Dealing Officer of the B2BROKER group, covers how:
- Retail brokers can launch their own B2B arm to distribute liquidity and boost profitability.
- Institutional brokers can upgrade their liquidity offering and strengthen their market position.
- New entrants can start from scratch and become liquidity providers through a ready-made turnkey solution.
Hosted by B2BROKER, a global fintech provider of liquidity and technology solutions, the session will reveal how to monetize liquidity, accelerate business growth, and increase profitability using the Liquidity Provider Turnkey solution.
📣 Stay updated with the latest in finance and trading! Follow Finance Magnates across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: / https://www.linkedin.com/company/financemagnates/
👍 Facebook: / https://www.facebook.com/financemagnates/
📸 Instagram: / https://www.instagram.com/financemagnates_official/?hl=en
🐦 X: https://x.com/financemagnates?
🎥 TikTok: https://www.tiktok.com/tag/financemag...
▶️ YouTube: / @financemagnates_official
This webinar will focuses on how brokers can create new revenue streams by launching or enhancing their liquidity business.
John Murillo, Chief Dealing Officer of the B2BROKER group, covers how:
- Retail brokers can launch their own B2B arm to distribute liquidity and boost profitability.
- Institutional brokers can upgrade their liquidity offering and strengthen their market position.
- New entrants can start from scratch and become liquidity providers through a ready-made turnkey solution.
Hosted by B2BROKER, a global fintech provider of liquidity and technology solutions, the session will reveal how to monetize liquidity, accelerate business growth, and increase profitability using the Liquidity Provider Turnkey solution.
📣 Stay updated with the latest in finance and trading! Follow Finance Magnates across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: / https://www.linkedin.com/company/financemagnates/
👍 Facebook: / https://www.facebook.com/financemagnates/
📸 Instagram: / https://www.instagram.com/financemagnates_official/?hl=en
🐦 X: https://x.com/financemagnates?
🎥 TikTok: https://www.tiktok.com/tag/financemag...
▶️ YouTube: / @financemagnates_official
