Also, Zodia Markets strengthens leadership; Ebury targets IPO and Bitget merges Web3 with CEX.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Finance Magnates
XS.com Launches XS Prepaid
Mastercard
XS.com has
unveiled the XS Prepaid Mastercard and XS Cards Mobile App, which are designed
to streamline the funding process for traders and partners. These new tools are
integrated into the XS Client Portal and offer exclusive features allowing
users to monitor transactions via mobile devices. In collaboration with Gate to
Pay, this initiative is part of XS.com’s commitment to enhancing service
quality and simplifying electronic payments globally.
“We are
excited to introduce such an advanced payment tool, which will make the entire
funding process for traders and partners very smooth and simple,” Wael Hammad, the
Chief Commercial Officer at XS.com, commented.
“Based on
our understanding of the complexities of e-payments globally and of the
specific needs of each local market, we believe that XS prepaid Mastercard card
will be an important milestone in our journey to provide the traders globally
with an exceptional trading experience.”
Tradition to Pay $140,000
Fine
Tradition
Securities and Derivatives LLC, a FINRA member firm since 1991, has been
censured and fined due to multiple regulatory infractions. The company failed
to maintain accurate records of order transmission times between January and
September 2020, violating the Securities Exchange Act of 1934 and FINRA Rules.
Additionally, it misrecorded the exchange of execution on numerous order
tickets in April 2020.
The failure
extended to not establishing adequate regulatory risk management controls and
supervisory procedures concerning immediate post-trade execution reports and an
annual review of business activity in connection with market access.
As a result
of these violations, Tradition is mandated to pay a fine of $140,000.
Additionally, the company must undertake to certify within 60 days that it has
remedied the identified issues and implemented a supervisory system reasonably
designed to achieve compliance with related Exchange Act Rules and FINRA Rules
concerning the violations noted.
Zodia Markets Strengthens
Leadership
Zodia
Markets has appointed Ayad Butt as the Head of Sales and Trading for Africa and
Middle East, in line with their strategy to expand digital asset services.
Based in Abu Dhabi and aligned with Zodia’s receipt of In-Principle-Approval
from ADGM, Butt’s extensive experience in finance is set to bolster the
company’s innovative offerings and growth in these regions.
“I am
excited to join Zodia Markets and look forward to contributing to the growth of
an innovative digital assets franchise that offers a comprehensive range of
products to a global client base,” Butt commented. “Africa and the Middle East
are a key focus for growth, and I look forward to developing these markets
alongside Zodia Markets’ founders, team, and partners.”
Ebury Targets IPO in 2025
with Perella Weinberg’s Guidance
Ebury, a
payment services firm owned by Santander, is planning an IPO as early as 2025.
Advised by investment bank Perella Weinberg Partners, Ebury is preparing for
significant growth, as reported in its upcoming financial results. Prior to the
IPO, the company is considering a capital raise to reinforce its ambition to
list on the London Stock Exchange.
"[An]
IPO is what we are going to do and it is what we always wanted to do, this is
well defined and reflected in our shareholding agreement," Juan Lobato,
the payments company CEO, said in a statement sent to Reuters.
Ripple Redefines Payments
to Foster Crypto Adoption
Ripple has
transformed its payment solution, now known as Ripple Payments, to encourage
enterprise crypto adoption. The upgrade focuses on creating an effortless
cross-border payment experience for institutional users, leveraging blockchain
for more efficient transactions.
“Since the
start, Ripple focused on creating products that solve real problems for real
customers. This evolution of Ripple Payments represents an extension of our
long-running work to optimize the cross-border payments experience through
transformative technology,” said Monica Long, President at Ripple.
SEBA Bank Expands to Hong
Kong with Crypto Services License
SEBA Bank’s
Hong Kong subsidiary has secured an official license from the SFC to offer
crypto-related services. This milestone reflects SEBA’s commitment to being a
forefront player in finance and innovation within the Asia-Pacific region.
“The
region’s position at the forefront of finance, trading, and innovation has long
been attractive to us, as servicing APAC clientele is an integral aspiration of
the team’s DNA,” Amy Yu, the CEO of SEBA Bank for APAC, said.
Bitget Merges Web3 with
CEX to Enhance DeFi Accessibility
Gracy Chen, Managing Director of Bitget.
Bitget has
introduced a Web3 Wallet and Swap service into its app, marking a significant
advancement in combining the capabilities of decentralized and centralized
finance. This move aims to provide users with a comprehensive ecosystem that
integrates various services including a non-custody wallet, NFT marketplace,
and dApp.
"Integrating
Web3 services into our CEX platform marks a significant milestone for Bitget,” said
Gracy Chen, the Managing Director at Bitget. “By offering users the freedom to
access various DeFi services alongside the convenience and security of our CeFi
platform, we are empowering them with a unique experience. Bitget aims to
provide a comprehensive ecosystem that caters to the evolving needs of our
users, all while maintaining the highest standards of security and reliability.”
KX Debuts AI-Powered
Solutions on Microsoft Azure
KX has
announced the integration of KDB.AI and KX Copilot with Microsoft Azure,
representing a substantial progression in its strategic partnership. This
integration is expected to simplify the development of AI applications,
enabling quick access to a comprehensive AI technology stack.
"With
the deeper integration of our technology within the Microsoft Cloud
environment, these announcements demonstrate our ongoing commitment to bring
the power and performance of KX to even more customers. Generative AI is the
defining technology of our age, and the introduction of these services will
help organizations harness its incredible power for greater risk management,
enhanced productivity and real-time decision-making,” Ashok Reddy, the CEO of
KX, commented.
Scila Appoints New CEO
Mikko Andersson
Scila has
named Mikko Andersson as its CEO, bringing his extensive leadership experience
to guide the company’s expansion and innovation in financial surveillance, risk
management, and AML technology.
“I am very
glad to have been appointed to lead Scila and its talented team to provide our
customers with market leading technology and support within the important areas
of Surveillance, Risk, and AM,” Andersson commented.
StoneX Announces a Stock
Split to Widen Investor Access
StoneX
Group Inc. has declared a three-for-two stock split to make its shares more
accessible to employees and investors. The split, in the form of a stock
dividend, is scheduled to take effect on November 27, 2023, with additional
shares to be distributed shortly after.
XS.com Launches XS Prepaid
Mastercard
XS.com has
unveiled the XS Prepaid Mastercard and XS Cards Mobile App, which are designed
to streamline the funding process for traders and partners. These new tools are
integrated into the XS Client Portal and offer exclusive features allowing
users to monitor transactions via mobile devices. In collaboration with Gate to
Pay, this initiative is part of XS.com’s commitment to enhancing service
quality and simplifying electronic payments globally.
“We are
excited to introduce such an advanced payment tool, which will make the entire
funding process for traders and partners very smooth and simple,” Wael Hammad, the
Chief Commercial Officer at XS.com, commented.
“Based on
our understanding of the complexities of e-payments globally and of the
specific needs of each local market, we believe that XS prepaid Mastercard card
will be an important milestone in our journey to provide the traders globally
with an exceptional trading experience.”
Tradition to Pay $140,000
Fine
Tradition
Securities and Derivatives LLC, a FINRA member firm since 1991, has been
censured and fined due to multiple regulatory infractions. The company failed
to maintain accurate records of order transmission times between January and
September 2020, violating the Securities Exchange Act of 1934 and FINRA Rules.
Additionally, it misrecorded the exchange of execution on numerous order
tickets in April 2020.
The failure
extended to not establishing adequate regulatory risk management controls and
supervisory procedures concerning immediate post-trade execution reports and an
annual review of business activity in connection with market access.
As a result
of these violations, Tradition is mandated to pay a fine of $140,000.
Additionally, the company must undertake to certify within 60 days that it has
remedied the identified issues and implemented a supervisory system reasonably
designed to achieve compliance with related Exchange Act Rules and FINRA Rules
concerning the violations noted.
Zodia Markets Strengthens
Leadership
Zodia
Markets has appointed Ayad Butt as the Head of Sales and Trading for Africa and
Middle East, in line with their strategy to expand digital asset services.
Based in Abu Dhabi and aligned with Zodia’s receipt of In-Principle-Approval
from ADGM, Butt’s extensive experience in finance is set to bolster the
company’s innovative offerings and growth in these regions.
“I am
excited to join Zodia Markets and look forward to contributing to the growth of
an innovative digital assets franchise that offers a comprehensive range of
products to a global client base,” Butt commented. “Africa and the Middle East
are a key focus for growth, and I look forward to developing these markets
alongside Zodia Markets’ founders, team, and partners.”
Ebury Targets IPO in 2025
with Perella Weinberg’s Guidance
Ebury, a
payment services firm owned by Santander, is planning an IPO as early as 2025.
Advised by investment bank Perella Weinberg Partners, Ebury is preparing for
significant growth, as reported in its upcoming financial results. Prior to the
IPO, the company is considering a capital raise to reinforce its ambition to
list on the London Stock Exchange.
"[An]
IPO is what we are going to do and it is what we always wanted to do, this is
well defined and reflected in our shareholding agreement," Juan Lobato,
the payments company CEO, said in a statement sent to Reuters.
Ripple Redefines Payments
to Foster Crypto Adoption
Ripple has
transformed its payment solution, now known as Ripple Payments, to encourage
enterprise crypto adoption. The upgrade focuses on creating an effortless
cross-border payment experience for institutional users, leveraging blockchain
for more efficient transactions.
“Since the
start, Ripple focused on creating products that solve real problems for real
customers. This evolution of Ripple Payments represents an extension of our
long-running work to optimize the cross-border payments experience through
transformative technology,” said Monica Long, President at Ripple.
SEBA Bank Expands to Hong
Kong with Crypto Services License
SEBA Bank’s
Hong Kong subsidiary has secured an official license from the SFC to offer
crypto-related services. This milestone reflects SEBA’s commitment to being a
forefront player in finance and innovation within the Asia-Pacific region.
“The
region’s position at the forefront of finance, trading, and innovation has long
been attractive to us, as servicing APAC clientele is an integral aspiration of
the team’s DNA,” Amy Yu, the CEO of SEBA Bank for APAC, said.
Bitget Merges Web3 with
CEX to Enhance DeFi Accessibility
Gracy Chen, Managing Director of Bitget.
Bitget has
introduced a Web3 Wallet and Swap service into its app, marking a significant
advancement in combining the capabilities of decentralized and centralized
finance. This move aims to provide users with a comprehensive ecosystem that
integrates various services including a non-custody wallet, NFT marketplace,
and dApp.
"Integrating
Web3 services into our CEX platform marks a significant milestone for Bitget,” said
Gracy Chen, the Managing Director at Bitget. “By offering users the freedom to
access various DeFi services alongside the convenience and security of our CeFi
platform, we are empowering them with a unique experience. Bitget aims to
provide a comprehensive ecosystem that caters to the evolving needs of our
users, all while maintaining the highest standards of security and reliability.”
KX Debuts AI-Powered
Solutions on Microsoft Azure
KX has
announced the integration of KDB.AI and KX Copilot with Microsoft Azure,
representing a substantial progression in its strategic partnership. This
integration is expected to simplify the development of AI applications,
enabling quick access to a comprehensive AI technology stack.
"With
the deeper integration of our technology within the Microsoft Cloud
environment, these announcements demonstrate our ongoing commitment to bring
the power and performance of KX to even more customers. Generative AI is the
defining technology of our age, and the introduction of these services will
help organizations harness its incredible power for greater risk management,
enhanced productivity and real-time decision-making,” Ashok Reddy, the CEO of
KX, commented.
Scila Appoints New CEO
Mikko Andersson
Scila has
named Mikko Andersson as its CEO, bringing his extensive leadership experience
to guide the company’s expansion and innovation in financial surveillance, risk
management, and AML technology.
“I am very
glad to have been appointed to lead Scila and its talented team to provide our
customers with market leading technology and support within the important areas
of Surveillance, Risk, and AM,” Andersson commented.
StoneX Announces a Stock
Split to Widen Investor Access
StoneX
Group Inc. has declared a three-for-two stock split to make its shares more
accessible to employees and investors. The split, in the form of a stock
dividend, is scheduled to take effect on November 27, 2023, with additional
shares to be distributed shortly after.
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.
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
