Meanwhile, several firms, including Capital.com, easyMarkets, and INFINOX, released their financial reports this week. Taurex plans to launch a proprietary trading platform, Atmos, while the Indian regulator called prop trading platforms “Unauthorised.”
Boxing legend Mike Tyson becomes NAGA Group’s brand ambassador.
Trump Victory Ushers In First Bitcoin-Friendly Administration
In a major development on the world stage this week, Donald Trump won the election, sweeping the Electoral College and the popular vote. There are a huge number of takeaways from this emphatic resolution to a dramatic and unorthodox presidential race, but let’s focus on Bitcoin and blockchains and consider the implications for the crypto industry from this point on.
From the top, it’s important to note that there has never previously been a presidential campaign that featured crypto as prominently as that just run by Donald Trump. His push for the presidency received advice and backing from David Bailey, the CEO of Bitcoin Magazine. The campaign accepted donations in crypto, and in July, Trump was the headline speaker at the Bitcoin 2024 Conference in Nashville.
Trump's election rally boosted markets, enriched billionaires, and sent crypto soaring, revealing his larger-than-life impact on the economy. Wall Street must have cracked open the champagne early. With Trump gearing up for his latest turn in the White House, investors seem to have found a newfound zest, breathing life into a market rally that even the most optimistic brokers probably didn’t pencil in.
The Dow closed 1,500 points higher on Wednesday following Trump’s win. It’s as if the mere thought of Trump in the White House again has money people digging out their "Make Wall Street Great Again" hats. According to a report, as U.S. Treasury yields climbed, so did investor sentiment, triggering a market rally that defied traditional expectations.
Capital.com Gains from Index Trading Demand
Client trading volume on Capital.com skyrocketed to over $450 billion in Q3 2024, which is 20 percent higher than the previous quarter. The volume was $337 billion in Q1, meaning the nine-month trading volume on the platform surpassed last year’s total of $1.2 trillion. The increased trading demand last quarter was driven by strong interest in indices, commodities, and FX markets, the brokerage firm revealed. It further added that index trading accounted for about 53 percent of its total quarterly trading volume.
“With anticipation for the US presidential elections building in Q3, we've seen increased interest in indices and FX pairs, specifically those involving the dollar,” said Daniela Sabin Hathorn, Senior Market Analyst, Capital.com. “The capital injection by China to revive its struggling economy was also a key driver of the momentum in equities throughout September as traders set aside concerns about growth in China.”
easyMarkets Registers Strong Q3 Results
easyMarkets posted strong trading volumes for some of its key financial instruments in the third quarter. Among the standout performers were the USDJPY currency pair and NASDAQ's tech-heavy index. According to the forex trading broker, both indices posted a significant boost as the global market shifted, sparking strong demand from traders.
Notably, easyMarkets highlighted the surge in trading volume for the USDJPY currency pair in Q3, with an impressive 98% increase compared to the previous quarter. This jump was reportedly driven by increased client interest in Yen pairs, particularly following the Bank of Japan's decision to raise interest rates for the first time in 17 years.
55% of Gen Z Discuss Investments with Friends
A recent survey from eToro shows that Gen Z investors are far more likely than older groups to discuss investments with friends and family. The study, covering 10,000 retail investors across 12 countries, found that 55 percent of Gen Z respondents aged 18 to 27 spoke about their portfolios with friends, and 44 percent shared their investment activities with relatives.
Among baby boomers aged 60 to 78, only 29 percent had such discussions with friends, and 22 percent with family. This trend extends beyond family circles. Gen Z respondents are more likely than boomers to compare investment strategies with strangers, at 10 percent compared to 4 percent, and colleagues, at 32 percent compared to 15 percent.
INFINOX Capital Reports Revenue Drop in 2024
INFINOX Capital Limited released its financial results for the fiscal year ending March 31, 2024, reporting a marked improvement in profitability despite a sharp decline in revenue. For the year, the company reported a total turnover of £3.69 million, a drop from £14.63 million in 2023.
While the decrease in revenue highlights a challenging year, the company’s efforts on cost control and operational efficiency have contributed to a recovery in its financial position.
BP Prime’s Professional Clients Push FY24 Revenue 7x
Black Pearl Securities Limited, which operates as BP Prime, reported a turnover of more than £16 million for the fiscal year ending 31 March 2024, compared to the previous fiscal’s £2.3 million—a 595 percent increase.
In its latest Companies House filing, the FCA-regulated company highlighted that its “institutional product offering to regulated entities and professional clients has been predominantly responsible for driving income.” It also noted that demand for retail products on its platform declined, particularly in account applications, which led to a reduction in profit contribution.
Income statement of Black Pearl Securities Limited
APM Capital Markets’ Revenue and Profit Decline Ahead of Acquisition
APM Capital Markets, formerly known as BUX Financial Services, released a strategic report accompanied by a financial report for the fiscal year ended, 2023. The company reported declining revenue and profit, citing restricting plans amid the decision to sell the company and other EU-based CFD businesses.
Revenue declined to £843,938 from 1,523,424 during the same period of 2022, and losses widened to £2,993,957 from £2,259,242 in the same period last year. According to the firm, there was a limited focus on growing the business during this period and a shift to maintaining core operations and regulatory requirements. This also affected the client base.
Plus500 Is Highly Efficient in Profitability
When it comes to profitability, the three London-listed retail brokers generally perform well (with only a few exceptions). While IG Group and Plus500 regularly lead in pre-tax profitability with three-digit gains, CMC Markets often has lower figures. IG, with a market cap of £3.2 billion, is the largest of the three forex and contracts for difference brokers.
It achieved a pre-tax profit of £224.4 million on revenue of £514.7 million in the six months between December 2023 and May 2024, resulting in a profit-to-revenue ratio of 43.6 percent. During IG’s best-performing fiscal six months in the last five years, the first half of FY 2022, the broker achieved a pre-tax profit of £245.2 million, resulting in a profit-to-revenue ratio of over 51.6 percent.
Unregulated FX Brokers Offer High Leverage and Low Fees
Unregulated trading venues will never disappear as long as there are traders willing to swap consumer protections for high leverage and lower fees. The challenge for regulated platforms with significant compliance costs is to convince these traders that the risks outweigh the perceived advantages.
In September, the Foreign Exchange Professionals Association (FXPA) published a white paper on trading venues operating in OTC FX derivatives markets. It cautioned that the benefits of trading on unregulated FX derivatives venues may come at the expense of reduced customer protections.
Boxing Legend Mike Tyson Becomes NAGA Group’s Brand Ambassador
Elsewhere, NAGA Group AG appointed boxing legend Mike Tyson as its brand ambassador, marking another entry of a sports personality into the retail trading industry, Finance Magnates has learned. The partnership was officially announced by NAGA’s CEO, Octavian Pătrașcu, who posted about Tyson joining as a brand ambassador.
The partnership was officially announced by NAGA’s CEO, Octavian Pătrașcu, who posted about Tyson joining as brand ambassador. Describing “this latest project with Mike Tyson as next-level,” the CEO further revealed that his team managed to negotiate and sign contracts with Tyson, coordinate with production teams in Los Angeles and New York, and build the entire campaign content in just two weeks.
Taurex to Launch Proprietary Trading Platform Atmos
The list of FX and CFD brokers looking to capitalize on the recent popularity of retail proprietary trading continues to grow. Taurex is the latest to join this dominant industry trend with the launch of its own prop platform, Atmos.
Finance Magnates learned that Taurex is preparing to launch its own prop trading brand. The website atmos.tradetaurex.com is already live and is currently testing ahead of its official platform launch. Users can currently register by providing their name and email address to receive detailed information when the official launch takes place.
“Consob’s Attention Is Very High,” Says Fintokei’s Italy Manager
Prop trading brand Fintokei recently expanded its operations into Italy, with its newly appointed Country Manager aiming to acquire 3,000 clients by the end of 2025. According to Marco Martire, the timing for entering one of Europe's key markets couldn't be better, especially as the local regulator increasingly scrutinizes the sector.
Martire shared a social media post addressing the recent Italian debut of Fintokei, a platform with Czech and Japanese roots. This expansion is part of a broader growth strategy by the brand, co-owned by David Varga, who also represents Purple Trading brokerage.
Indian Regulator Calls Prop Trading Platforms “Unauthorised”
The Indian regulator overseeing the local securities markets issued an advisory against “apps/web applications/platforms” offering “virtual trading services, paper trading, or fantasy games to the public based on stock price data of listed companies.” Although the agency did not specifically name “prop trading” or funded trading platforms, it clearly indicates such platforms.
Interestingly, the Indian central bank recently updated its warning list, which contains a long list of contracts for differences (CFDs) brokers, adding the names of a couple of prop trading platforms. While the Reserve Bank of India controls all forex brokers, SEBI regulates the securities market.
ASIC to Wind Up 95 Financial Services Firms
Lastly, the Australian Securities and Investments Commission (ASIC) has moved to court to wind up 95 local financial services companies, some of which offered forex and contracts for differences (CFDs) trading services. The industry-specific names include Aximtrade, Vortex Trading, Ridder Trader, and a few others.
Notably, none of these companies now offer trading services under the Australian Financial Services (AFS) license. In fact, most shuttered firms have entirely closed. The exceptions include Aximtrader, which still offers services outside Australia under a Saint Vincent and the Grenadines license.
Happy weekend!
Trump Victory Ushers In First Bitcoin-Friendly Administration
In a major development on the world stage this week, Donald Trump won the election, sweeping the Electoral College and the popular vote. There are a huge number of takeaways from this emphatic resolution to a dramatic and unorthodox presidential race, but let’s focus on Bitcoin and blockchains and consider the implications for the crypto industry from this point on.
From the top, it’s important to note that there has never previously been a presidential campaign that featured crypto as prominently as that just run by Donald Trump. His push for the presidency received advice and backing from David Bailey, the CEO of Bitcoin Magazine. The campaign accepted donations in crypto, and in July, Trump was the headline speaker at the Bitcoin 2024 Conference in Nashville.
Trump's election rally boosted markets, enriched billionaires, and sent crypto soaring, revealing his larger-than-life impact on the economy. Wall Street must have cracked open the champagne early. With Trump gearing up for his latest turn in the White House, investors seem to have found a newfound zest, breathing life into a market rally that even the most optimistic brokers probably didn’t pencil in.
The Dow closed 1,500 points higher on Wednesday following Trump’s win. It’s as if the mere thought of Trump in the White House again has money people digging out their "Make Wall Street Great Again" hats. According to a report, as U.S. Treasury yields climbed, so did investor sentiment, triggering a market rally that defied traditional expectations.
Capital.com Gains from Index Trading Demand
Client trading volume on Capital.com skyrocketed to over $450 billion in Q3 2024, which is 20 percent higher than the previous quarter. The volume was $337 billion in Q1, meaning the nine-month trading volume on the platform surpassed last year’s total of $1.2 trillion. The increased trading demand last quarter was driven by strong interest in indices, commodities, and FX markets, the brokerage firm revealed. It further added that index trading accounted for about 53 percent of its total quarterly trading volume.
“With anticipation for the US presidential elections building in Q3, we've seen increased interest in indices and FX pairs, specifically those involving the dollar,” said Daniela Sabin Hathorn, Senior Market Analyst, Capital.com. “The capital injection by China to revive its struggling economy was also a key driver of the momentum in equities throughout September as traders set aside concerns about growth in China.”
easyMarkets Registers Strong Q3 Results
easyMarkets posted strong trading volumes for some of its key financial instruments in the third quarter. Among the standout performers were the USDJPY currency pair and NASDAQ's tech-heavy index. According to the forex trading broker, both indices posted a significant boost as the global market shifted, sparking strong demand from traders.
Notably, easyMarkets highlighted the surge in trading volume for the USDJPY currency pair in Q3, with an impressive 98% increase compared to the previous quarter. This jump was reportedly driven by increased client interest in Yen pairs, particularly following the Bank of Japan's decision to raise interest rates for the first time in 17 years.
55% of Gen Z Discuss Investments with Friends
A recent survey from eToro shows that Gen Z investors are far more likely than older groups to discuss investments with friends and family. The study, covering 10,000 retail investors across 12 countries, found that 55 percent of Gen Z respondents aged 18 to 27 spoke about their portfolios with friends, and 44 percent shared their investment activities with relatives.
Among baby boomers aged 60 to 78, only 29 percent had such discussions with friends, and 22 percent with family. This trend extends beyond family circles. Gen Z respondents are more likely than boomers to compare investment strategies with strangers, at 10 percent compared to 4 percent, and colleagues, at 32 percent compared to 15 percent.
INFINOX Capital Reports Revenue Drop in 2024
INFINOX Capital Limited released its financial results for the fiscal year ending March 31, 2024, reporting a marked improvement in profitability despite a sharp decline in revenue. For the year, the company reported a total turnover of £3.69 million, a drop from £14.63 million in 2023.
While the decrease in revenue highlights a challenging year, the company’s efforts on cost control and operational efficiency have contributed to a recovery in its financial position.
BP Prime’s Professional Clients Push FY24 Revenue 7x
Black Pearl Securities Limited, which operates as BP Prime, reported a turnover of more than £16 million for the fiscal year ending 31 March 2024, compared to the previous fiscal’s £2.3 million—a 595 percent increase.
In its latest Companies House filing, the FCA-regulated company highlighted that its “institutional product offering to regulated entities and professional clients has been predominantly responsible for driving income.” It also noted that demand for retail products on its platform declined, particularly in account applications, which led to a reduction in profit contribution.
Income statement of Black Pearl Securities Limited
APM Capital Markets’ Revenue and Profit Decline Ahead of Acquisition
APM Capital Markets, formerly known as BUX Financial Services, released a strategic report accompanied by a financial report for the fiscal year ended, 2023. The company reported declining revenue and profit, citing restricting plans amid the decision to sell the company and other EU-based CFD businesses.
Revenue declined to £843,938 from 1,523,424 during the same period of 2022, and losses widened to £2,993,957 from £2,259,242 in the same period last year. According to the firm, there was a limited focus on growing the business during this period and a shift to maintaining core operations and regulatory requirements. This also affected the client base.
Plus500 Is Highly Efficient in Profitability
When it comes to profitability, the three London-listed retail brokers generally perform well (with only a few exceptions). While IG Group and Plus500 regularly lead in pre-tax profitability with three-digit gains, CMC Markets often has lower figures. IG, with a market cap of £3.2 billion, is the largest of the three forex and contracts for difference brokers.
It achieved a pre-tax profit of £224.4 million on revenue of £514.7 million in the six months between December 2023 and May 2024, resulting in a profit-to-revenue ratio of 43.6 percent. During IG’s best-performing fiscal six months in the last five years, the first half of FY 2022, the broker achieved a pre-tax profit of £245.2 million, resulting in a profit-to-revenue ratio of over 51.6 percent.
Unregulated FX Brokers Offer High Leverage and Low Fees
Unregulated trading venues will never disappear as long as there are traders willing to swap consumer protections for high leverage and lower fees. The challenge for regulated platforms with significant compliance costs is to convince these traders that the risks outweigh the perceived advantages.
In September, the Foreign Exchange Professionals Association (FXPA) published a white paper on trading venues operating in OTC FX derivatives markets. It cautioned that the benefits of trading on unregulated FX derivatives venues may come at the expense of reduced customer protections.
Boxing Legend Mike Tyson Becomes NAGA Group’s Brand Ambassador
Elsewhere, NAGA Group AG appointed boxing legend Mike Tyson as its brand ambassador, marking another entry of a sports personality into the retail trading industry, Finance Magnates has learned. The partnership was officially announced by NAGA’s CEO, Octavian Pătrașcu, who posted about Tyson joining as a brand ambassador.
The partnership was officially announced by NAGA’s CEO, Octavian Pătrașcu, who posted about Tyson joining as brand ambassador. Describing “this latest project with Mike Tyson as next-level,” the CEO further revealed that his team managed to negotiate and sign contracts with Tyson, coordinate with production teams in Los Angeles and New York, and build the entire campaign content in just two weeks.
Taurex to Launch Proprietary Trading Platform Atmos
The list of FX and CFD brokers looking to capitalize on the recent popularity of retail proprietary trading continues to grow. Taurex is the latest to join this dominant industry trend with the launch of its own prop platform, Atmos.
Finance Magnates learned that Taurex is preparing to launch its own prop trading brand. The website atmos.tradetaurex.com is already live and is currently testing ahead of its official platform launch. Users can currently register by providing their name and email address to receive detailed information when the official launch takes place.
“Consob’s Attention Is Very High,” Says Fintokei’s Italy Manager
Prop trading brand Fintokei recently expanded its operations into Italy, with its newly appointed Country Manager aiming to acquire 3,000 clients by the end of 2025. According to Marco Martire, the timing for entering one of Europe's key markets couldn't be better, especially as the local regulator increasingly scrutinizes the sector.
Martire shared a social media post addressing the recent Italian debut of Fintokei, a platform with Czech and Japanese roots. This expansion is part of a broader growth strategy by the brand, co-owned by David Varga, who also represents Purple Trading brokerage.
Indian Regulator Calls Prop Trading Platforms “Unauthorised”
The Indian regulator overseeing the local securities markets issued an advisory against “apps/web applications/platforms” offering “virtual trading services, paper trading, or fantasy games to the public based on stock price data of listed companies.” Although the agency did not specifically name “prop trading” or funded trading platforms, it clearly indicates such platforms.
Interestingly, the Indian central bank recently updated its warning list, which contains a long list of contracts for differences (CFDs) brokers, adding the names of a couple of prop trading platforms. While the Reserve Bank of India controls all forex brokers, SEBI regulates the securities market.
ASIC to Wind Up 95 Financial Services Firms
Lastly, the Australian Securities and Investments Commission (ASIC) has moved to court to wind up 95 local financial services companies, some of which offered forex and contracts for differences (CFDs) trading services. The industry-specific names include Aximtrade, Vortex Trading, Ridder Trader, and a few others.
Notably, none of these companies now offer trading services under the Australian Financial Services (AFS) license. In fact, most shuttered firms have entirely closed. The exceptions include Aximtrader, which still offers services outside Australia under a Saint Vincent and the Grenadines license.
Jared Kirui is an Editor at Finance Magnates with more than five years of experience in financial journalism. He covers online trading, fintech, payments, and crypto industries with a focus on companies, regulation and compliance, executive moves, trading technology, and market analysis.
His work has been featured in other media outlets, including Benzinga, ZyCrypto, The Distributed, and The Daily Hodl.
Education:
Bachelor of Commerce degree (Finance option), University of Nairobi
FXBO Adds IDWise KYC And AML Tools To Broker CRM Stack
Featured Videos
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For every feature and product, someone has to decide: build it in-house or buy from a vendor. In Singapore and across APAC, local banks and global players face the same question with very different constraints.
This session gathers heads of technology and e-trading to compare how client demand and cost structures shape their choices, and how long it actually takes to ship in each.
Attendees will walk away with:
First-hand view of how client feedback informs decision-making across different market participants.
Understanding pain points and benefits of working with 3rd party integrations at scale.
Insight into products and innovation banks’ retail and trading heads will look for in 2026.
For every feature and product, someone has to decide: build it in-house or buy from a vendor. In Singapore and across APAC, local banks and global players face the same question with very different constraints.
This session gathers heads of technology and e-trading to compare how client demand and cost structures shape their choices, and how long it actually takes to ship in each.
Attendees will walk away with:
First-hand view of how client feedback informs decision-making across different market participants.
Understanding pain points and benefits of working with 3rd party integrations at scale.
Insight into products and innovation banks’ retail and trading heads will look for in 2026.
For every feature and product, someone has to decide: build it in-house or buy from a vendor. In Singapore and across APAC, local banks and global players face the same question with very different constraints.
This session gathers heads of technology and e-trading to compare how client demand and cost structures shape their choices, and how long it actually takes to ship in each.
Attendees will walk away with:
First-hand view of how client feedback informs decision-making across different market participants.
Understanding pain points and benefits of working with 3rd party integrations at scale.
Insight into products and innovation banks’ retail and trading heads will look for in 2026.
For every feature and product, someone has to decide: build it in-house or buy from a vendor. In Singapore and across APAC, local banks and global players face the same question with very different constraints.
This session gathers heads of technology and e-trading to compare how client demand and cost structures shape their choices, and how long it actually takes to ship in each.
Attendees will walk away with:
First-hand view of how client feedback informs decision-making across different market participants.
Understanding pain points and benefits of working with 3rd party integrations at scale.
Insight into products and innovation banks’ retail and trading heads will look for in 2026.
Regulation Roundup: Setup, Compliance, and Hidden Costs of Entry
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As Singapore's capital-intensive requirements leave only a few retail brokers active in the city-state, there are many opportunities to be made in and around.
This session gathers regulators, advisors, and operators who have set up across multiple APAC jurisdictions to break down figures, what's working, what's breaking, and what's next.
Attendees will walk away with:
Survey of capital thresholds and other requirements across regions in APAC
Nuanced understanding of Singapore's role in the retail trading space
Glimpse into parallel developments in digital assets and RWA
As Singapore's capital-intensive requirements leave only a few retail brokers active in the city-state, there are many opportunities to be made in and around.
This session gathers regulators, advisors, and operators who have set up across multiple APAC jurisdictions to break down figures, what's working, what's breaking, and what's next.
Attendees will walk away with:
Survey of capital thresholds and other requirements across regions in APAC
Nuanced understanding of Singapore's role in the retail trading space
Glimpse into parallel developments in digital assets and RWA
As Singapore's capital-intensive requirements leave only a few retail brokers active in the city-state, there are many opportunities to be made in and around.
This session gathers regulators, advisors, and operators who have set up across multiple APAC jurisdictions to break down figures, what's working, what's breaking, and what's next.
Attendees will walk away with:
Survey of capital thresholds and other requirements across regions in APAC
Nuanced understanding of Singapore's role in the retail trading space
Glimpse into parallel developments in digital assets and RWA
As Singapore's capital-intensive requirements leave only a few retail brokers active in the city-state, there are many opportunities to be made in and around.
This session gathers regulators, advisors, and operators who have set up across multiple APAC jurisdictions to break down figures, what's working, what's breaking, and what's next.
Attendees will walk away with:
Survey of capital thresholds and other requirements across regions in APAC
Nuanced understanding of Singapore's role in the retail trading space
Glimpse into parallel developments in digital assets and RWA
As Singapore's capital-intensive requirements leave only a few retail brokers active in the city-state, there are many opportunities to be made in and around.
This session gathers regulators, advisors, and operators who have set up across multiple APAC jurisdictions to break down figures, what's working, what's breaking, and what's next.
Attendees will walk away with:
Survey of capital thresholds and other requirements across regions in APAC
Nuanced understanding of Singapore's role in the retail trading space
Glimpse into parallel developments in digital assets and RWA
As Singapore's capital-intensive requirements leave only a few retail brokers active in the city-state, there are many opportunities to be made in and around.
This session gathers regulators, advisors, and operators who have set up across multiple APAC jurisdictions to break down figures, what's working, what's breaking, and what's next.
Attendees will walk away with:
Survey of capital thresholds and other requirements across regions in APAC
Nuanced understanding of Singapore's role in the retail trading space
Glimpse into parallel developments in digital assets and RWA
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For fintechs who try to capture the retail investment crowd, payments can be a game-changer from user experience to back-office plumbing.
This session brings together builders from across the payment ecosystem to examine how new rails are altering the way capital moves in APAC and beyond.
Attendees will walk away with:
A clear view of how stablecoins, on-chain settlement, and tokenised money are being used in live institutional workflows today
Understanding of what MAS initiatives like Project Orchid and Project Bloom signal for the future of digital money in Singapore's capital markets
Insight into how mobile-first fund platforms and digital distribution channels are pulling payment infrastructure closer to the point of investment
Perspective on the compliance and custody challenges firms face when payments, trading, and settlement converge on the same rails
For fintechs who try to capture the retail investment crowd, payments can be a game-changer from user experience to back-office plumbing.
This session brings together builders from across the payment ecosystem to examine how new rails are altering the way capital moves in APAC and beyond.
Attendees will walk away with:
A clear view of how stablecoins, on-chain settlement, and tokenised money are being used in live institutional workflows today
Understanding of what MAS initiatives like Project Orchid and Project Bloom signal for the future of digital money in Singapore's capital markets
Insight into how mobile-first fund platforms and digital distribution channels are pulling payment infrastructure closer to the point of investment
Perspective on the compliance and custody challenges firms face when payments, trading, and settlement converge on the same rails
For fintechs who try to capture the retail investment crowd, payments can be a game-changer from user experience to back-office plumbing.
This session brings together builders from across the payment ecosystem to examine how new rails are altering the way capital moves in APAC and beyond.
Attendees will walk away with:
A clear view of how stablecoins, on-chain settlement, and tokenised money are being used in live institutional workflows today
Understanding of what MAS initiatives like Project Orchid and Project Bloom signal for the future of digital money in Singapore's capital markets
Insight into how mobile-first fund platforms and digital distribution channels are pulling payment infrastructure closer to the point of investment
Perspective on the compliance and custody challenges firms face when payments, trading, and settlement converge on the same rails
For fintechs who try to capture the retail investment crowd, payments can be a game-changer from user experience to back-office plumbing.
This session brings together builders from across the payment ecosystem to examine how new rails are altering the way capital moves in APAC and beyond.
Attendees will walk away with:
A clear view of how stablecoins, on-chain settlement, and tokenised money are being used in live institutional workflows today
Understanding of what MAS initiatives like Project Orchid and Project Bloom signal for the future of digital money in Singapore's capital markets
Insight into how mobile-first fund platforms and digital distribution channels are pulling payment infrastructure closer to the point of investment
Perspective on the compliance and custody challenges firms face when payments, trading, and settlement converge on the same rails
For fintechs who try to capture the retail investment crowd, payments can be a game-changer from user experience to back-office plumbing.
This session brings together builders from across the payment ecosystem to examine how new rails are altering the way capital moves in APAC and beyond.
Attendees will walk away with:
A clear view of how stablecoins, on-chain settlement, and tokenised money are being used in live institutional workflows today
Understanding of what MAS initiatives like Project Orchid and Project Bloom signal for the future of digital money in Singapore's capital markets
Insight into how mobile-first fund platforms and digital distribution channels are pulling payment infrastructure closer to the point of investment
Perspective on the compliance and custody challenges firms face when payments, trading, and settlement converge on the same rails
For fintechs who try to capture the retail investment crowd, payments can be a game-changer from user experience to back-office plumbing.
This session brings together builders from across the payment ecosystem to examine how new rails are altering the way capital moves in APAC and beyond.
Attendees will walk away with:
A clear view of how stablecoins, on-chain settlement, and tokenised money are being used in live institutional workflows today
Understanding of what MAS initiatives like Project Orchid and Project Bloom signal for the future of digital money in Singapore's capital markets
Insight into how mobile-first fund platforms and digital distribution channels are pulling payment infrastructure closer to the point of investment
Perspective on the compliance and custody challenges firms face when payments, trading, and settlement converge on the same rails
From Rewards to Retention: The 5 Loyalty Program Mistakes Brokers Need To Avoid (Case Study)
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Acquisition is getting more expensive. Most brokers already know that. The harder question is what happens after the client funds the account.
This session looks at how broker loyalty programmes are moving from “nice-to-have rewards” into a serious retention layer inside the client portal.
In this session, Desmond Leong, CEO of Returning.AI, will break down the practical mechanics behind high-performing broker loyalty programmes: what to reward, what not to reward, how onshore and offshore entities need different incentive structures, what belongs in the rewards store, and how brokers can recycle reward budgets back into trading value instead of letting them disappear as pure cost.
The talk will cover common mistakes brokers make when launching loyalty programmes, including copying retail-style rewards, ignoring jurisdictional constraints, over-relying on bonuses, failing to connect rewards to lifecycle stages, and measuring vanity engagement instead of retention, LTV, CAC payback, deposits, and active trading behaviour.
Attendees will leave with a clear do-and-don’t framework they can use to pressure-test their own loyalty strategy.
Why loyalty is no longer a “nice-to-have” marketing feature for brokers
The building blocks of any loyalty program and what they mean: points, tiers, missions, stores, leaderboards, boosters, and cashback-style mechanics
Understanding of how key regulators read loyalty incentives and where the compliance lines are
What should go in the rewards store, and what quietly destroys ROI
How trading credits, rebates, VIP perks, education, and service benefits can recycle value back into the brokerage
The 5 mistakes brokers should avoid when building or buying a loyalty programme
Real figures from a live deployment: what moved in daily activity, tier progression, and trader spend
Acquisition is getting more expensive. Most brokers already know that. The harder question is what happens after the client funds the account.
This session looks at how broker loyalty programmes are moving from “nice-to-have rewards” into a serious retention layer inside the client portal.
In this session, Desmond Leong, CEO of Returning.AI, will break down the practical mechanics behind high-performing broker loyalty programmes: what to reward, what not to reward, how onshore and offshore entities need different incentive structures, what belongs in the rewards store, and how brokers can recycle reward budgets back into trading value instead of letting them disappear as pure cost.
The talk will cover common mistakes brokers make when launching loyalty programmes, including copying retail-style rewards, ignoring jurisdictional constraints, over-relying on bonuses, failing to connect rewards to lifecycle stages, and measuring vanity engagement instead of retention, LTV, CAC payback, deposits, and active trading behaviour.
Attendees will leave with a clear do-and-don’t framework they can use to pressure-test their own loyalty strategy.
Why loyalty is no longer a “nice-to-have” marketing feature for brokers
The building blocks of any loyalty program and what they mean: points, tiers, missions, stores, leaderboards, boosters, and cashback-style mechanics
Understanding of how key regulators read loyalty incentives and where the compliance lines are
What should go in the rewards store, and what quietly destroys ROI
How trading credits, rebates, VIP perks, education, and service benefits can recycle value back into the brokerage
The 5 mistakes brokers should avoid when building or buying a loyalty programme
Real figures from a live deployment: what moved in daily activity, tier progression, and trader spend
Acquisition is getting more expensive. Most brokers already know that. The harder question is what happens after the client funds the account.
This session looks at how broker loyalty programmes are moving from “nice-to-have rewards” into a serious retention layer inside the client portal.
In this session, Desmond Leong, CEO of Returning.AI, will break down the practical mechanics behind high-performing broker loyalty programmes: what to reward, what not to reward, how onshore and offshore entities need different incentive structures, what belongs in the rewards store, and how brokers can recycle reward budgets back into trading value instead of letting them disappear as pure cost.
The talk will cover common mistakes brokers make when launching loyalty programmes, including copying retail-style rewards, ignoring jurisdictional constraints, over-relying on bonuses, failing to connect rewards to lifecycle stages, and measuring vanity engagement instead of retention, LTV, CAC payback, deposits, and active trading behaviour.
Attendees will leave with a clear do-and-don’t framework they can use to pressure-test their own loyalty strategy.
Why loyalty is no longer a “nice-to-have” marketing feature for brokers
The building blocks of any loyalty program and what they mean: points, tiers, missions, stores, leaderboards, boosters, and cashback-style mechanics
Understanding of how key regulators read loyalty incentives and where the compliance lines are
What should go in the rewards store, and what quietly destroys ROI
How trading credits, rebates, VIP perks, education, and service benefits can recycle value back into the brokerage
The 5 mistakes brokers should avoid when building or buying a loyalty programme
Real figures from a live deployment: what moved in daily activity, tier progression, and trader spend
Acquisition is getting more expensive. Most brokers already know that. The harder question is what happens after the client funds the account.
This session looks at how broker loyalty programmes are moving from “nice-to-have rewards” into a serious retention layer inside the client portal.
In this session, Desmond Leong, CEO of Returning.AI, will break down the practical mechanics behind high-performing broker loyalty programmes: what to reward, what not to reward, how onshore and offshore entities need different incentive structures, what belongs in the rewards store, and how brokers can recycle reward budgets back into trading value instead of letting them disappear as pure cost.
The talk will cover common mistakes brokers make when launching loyalty programmes, including copying retail-style rewards, ignoring jurisdictional constraints, over-relying on bonuses, failing to connect rewards to lifecycle stages, and measuring vanity engagement instead of retention, LTV, CAC payback, deposits, and active trading behaviour.
Attendees will leave with a clear do-and-don’t framework they can use to pressure-test their own loyalty strategy.
Why loyalty is no longer a “nice-to-have” marketing feature for brokers
The building blocks of any loyalty program and what they mean: points, tiers, missions, stores, leaderboards, boosters, and cashback-style mechanics
Understanding of how key regulators read loyalty incentives and where the compliance lines are
What should go in the rewards store, and what quietly destroys ROI
How trading credits, rebates, VIP perks, education, and service benefits can recycle value back into the brokerage
The 5 mistakes brokers should avoid when building or buying a loyalty programme
Real figures from a live deployment: what moved in daily activity, tier progression, and trader spend
Acquisition is getting more expensive. Most brokers already know that. The harder question is what happens after the client funds the account.
This session looks at how broker loyalty programmes are moving from “nice-to-have rewards” into a serious retention layer inside the client portal.
In this session, Desmond Leong, CEO of Returning.AI, will break down the practical mechanics behind high-performing broker loyalty programmes: what to reward, what not to reward, how onshore and offshore entities need different incentive structures, what belongs in the rewards store, and how brokers can recycle reward budgets back into trading value instead of letting them disappear as pure cost.
The talk will cover common mistakes brokers make when launching loyalty programmes, including copying retail-style rewards, ignoring jurisdictional constraints, over-relying on bonuses, failing to connect rewards to lifecycle stages, and measuring vanity engagement instead of retention, LTV, CAC payback, deposits, and active trading behaviour.
Attendees will leave with a clear do-and-don’t framework they can use to pressure-test their own loyalty strategy.
Why loyalty is no longer a “nice-to-have” marketing feature for brokers
The building blocks of any loyalty program and what they mean: points, tiers, missions, stores, leaderboards, boosters, and cashback-style mechanics
Understanding of how key regulators read loyalty incentives and where the compliance lines are
What should go in the rewards store, and what quietly destroys ROI
How trading credits, rebates, VIP perks, education, and service benefits can recycle value back into the brokerage
The 5 mistakes brokers should avoid when building or buying a loyalty programme
Real figures from a live deployment: what moved in daily activity, tier progression, and trader spend
Acquisition is getting more expensive. Most brokers already know that. The harder question is what happens after the client funds the account.
This session looks at how broker loyalty programmes are moving from “nice-to-have rewards” into a serious retention layer inside the client portal.
In this session, Desmond Leong, CEO of Returning.AI, will break down the practical mechanics behind high-performing broker loyalty programmes: what to reward, what not to reward, how onshore and offshore entities need different incentive structures, what belongs in the rewards store, and how brokers can recycle reward budgets back into trading value instead of letting them disappear as pure cost.
The talk will cover common mistakes brokers make when launching loyalty programmes, including copying retail-style rewards, ignoring jurisdictional constraints, over-relying on bonuses, failing to connect rewards to lifecycle stages, and measuring vanity engagement instead of retention, LTV, CAC payback, deposits, and active trading behaviour.
Attendees will leave with a clear do-and-don’t framework they can use to pressure-test their own loyalty strategy.
Why loyalty is no longer a “nice-to-have” marketing feature for brokers
The building blocks of any loyalty program and what they mean: points, tiers, missions, stores, leaderboards, boosters, and cashback-style mechanics
Understanding of how key regulators read loyalty incentives and where the compliance lines are
What should go in the rewards store, and what quietly destroys ROI
How trading credits, rebates, VIP perks, education, and service benefits can recycle value back into the brokerage
The 5 mistakes brokers should avoid when building or buying a loyalty programme
Real figures from a live deployment: what moved in daily activity, tier progression, and trader spend
Stablecoins from Experimentation to Implementation
Stablecoins from Experimentation to Implementation
Stablecoins from Experimentation to Implementation
Stablecoins from Experimentation to Implementation
Stablecoins from Experimentation to Implementation
Stablecoins from Experimentation to Implementation
With over $300 billion in stablecoins now in circulation and APAC regulators moving from frameworks to enforcement, the conversation has shifted.
Held in partnership with 8Circle, this session brings together the builders of new payment rails and the institutions putting them to work.
Attendees will walk away with:
A clear view of which stablecoin use cases have cleared proof of concept and are now operating at scale in APAC
Understanding of what the MAS Payment Services Act and Hong Kong's fiat stablecoin licensing regime mean for brokers and payment providers in practice
Insight into the infrastructure gaps firms most commonly underestimate before going live
Perspective on where the next wave of adoption is heading and what existing systems need to accommodate
With over $300 billion in stablecoins now in circulation and APAC regulators moving from frameworks to enforcement, the conversation has shifted.
Held in partnership with 8Circle, this session brings together the builders of new payment rails and the institutions putting them to work.
Attendees will walk away with:
A clear view of which stablecoin use cases have cleared proof of concept and are now operating at scale in APAC
Understanding of what the MAS Payment Services Act and Hong Kong's fiat stablecoin licensing regime mean for brokers and payment providers in practice
Insight into the infrastructure gaps firms most commonly underestimate before going live
Perspective on where the next wave of adoption is heading and what existing systems need to accommodate
With over $300 billion in stablecoins now in circulation and APAC regulators moving from frameworks to enforcement, the conversation has shifted.
Held in partnership with 8Circle, this session brings together the builders of new payment rails and the institutions putting them to work.
Attendees will walk away with:
A clear view of which stablecoin use cases have cleared proof of concept and are now operating at scale in APAC
Understanding of what the MAS Payment Services Act and Hong Kong's fiat stablecoin licensing regime mean for brokers and payment providers in practice
Insight into the infrastructure gaps firms most commonly underestimate before going live
Perspective on where the next wave of adoption is heading and what existing systems need to accommodate
With over $300 billion in stablecoins now in circulation and APAC regulators moving from frameworks to enforcement, the conversation has shifted.
Held in partnership with 8Circle, this session brings together the builders of new payment rails and the institutions putting them to work.
Attendees will walk away with:
A clear view of which stablecoin use cases have cleared proof of concept and are now operating at scale in APAC
Understanding of what the MAS Payment Services Act and Hong Kong's fiat stablecoin licensing regime mean for brokers and payment providers in practice
Insight into the infrastructure gaps firms most commonly underestimate before going live
Perspective on where the next wave of adoption is heading and what existing systems need to accommodate
With over $300 billion in stablecoins now in circulation and APAC regulators moving from frameworks to enforcement, the conversation has shifted.
Held in partnership with 8Circle, this session brings together the builders of new payment rails and the institutions putting them to work.
Attendees will walk away with:
A clear view of which stablecoin use cases have cleared proof of concept and are now operating at scale in APAC
Understanding of what the MAS Payment Services Act and Hong Kong's fiat stablecoin licensing regime mean for brokers and payment providers in practice
Insight into the infrastructure gaps firms most commonly underestimate before going live
Perspective on where the next wave of adoption is heading and what existing systems need to accommodate
With over $300 billion in stablecoins now in circulation and APAC regulators moving from frameworks to enforcement, the conversation has shifted.
Held in partnership with 8Circle, this session brings together the builders of new payment rails and the institutions putting them to work.
Attendees will walk away with:
A clear view of which stablecoin use cases have cleared proof of concept and are now operating at scale in APAC
Understanding of what the MAS Payment Services Act and Hong Kong's fiat stablecoin licensing regime mean for brokers and payment providers in practice
Insight into the infrastructure gaps firms most commonly underestimate before going live
Perspective on where the next wave of adoption is heading and what existing systems need to accommodate
