The court has approved part of the case against Mr. Tolat, who joined rival EBS, will be settled for an undisclosed sum. Forex Magnates has learned that the ex-CTO agreed to a reduced payment for his firm’s shares value.
According to court documents, Integral Development Corp, and their ex-CTO, Viral Tolat, who joined rival EBS in 2013, have reached a financial settlement in part of their ongoing case. The court case is based on claims by Integral that included that Tolat was in violation of breach of contract, trade secret misappropriation, and California securities law. In connection to the case, Tolat issued counter claims against Integral.
Viral Tolat, CTO, EBS
At the heart of the accusations was whether and how Tolat used the source code at EBS. While Integral and EBS, known for its interbank FX ECN, may have in the past been considered to have little overlap in their businesses, this has recently changed with the creation of EBS Direct. Launched live in November of last year, EBS Direct provides relationship-based FX Liquidity aggregation, and competes against other providers of such technology, including FXall, Integral and Currenex.
In two rulings that took place in October 2013 and February of this year, California courts judged in favor of Tolat, dismissing all eleven claims against him by Integral, and in favor of his counterclaims. Following the rulings, the judgment was appealed by Integral, and in May the two sides came together to commence a settlement agreement. Last week, California courts announced that the two sides had executed their settlement. As per court documents, following the settlement, two claims by Integral against Tolat, that of violations of Federal and California Securities Law have been dismissed, along with Tolat’s counterclaims. While settlement details were not provided in the court documents, Forex Magnates has learned that Tolat agreed to a reduced payment by Integral for the value of his shares he owned in the firm. According to sources, Integral views the reduced value of Tolat's ownership as substantiating their initial claims against Tolat for securities fraud.
Following the settlement, still being appealed by Integral are the court’s earlier rulings in favor of Tolat of nine other claims. The claims include misappropriation of trade secrets, breach of contract, copyright infringement and violation of computer fraud.
According to court documents, Integral Development Corp, and their ex-CTO, Viral Tolat, who joined rival EBS in 2013, have reached a financial settlement in part of their ongoing case. The court case is based on claims by Integral that included that Tolat was in violation of breach of contract, trade secret misappropriation, and California securities law. In connection to the case, Tolat issued counter claims against Integral.
Viral Tolat, CTO, EBS
At the heart of the accusations was whether and how Tolat used the source code at EBS. While Integral and EBS, known for its interbank FX ECN, may have in the past been considered to have little overlap in their businesses, this has recently changed with the creation of EBS Direct. Launched live in November of last year, EBS Direct provides relationship-based FX Liquidity aggregation, and competes against other providers of such technology, including FXall, Integral and Currenex.
In two rulings that took place in October 2013 and February of this year, California courts judged in favor of Tolat, dismissing all eleven claims against him by Integral, and in favor of his counterclaims. Following the rulings, the judgment was appealed by Integral, and in May the two sides came together to commence a settlement agreement. Last week, California courts announced that the two sides had executed their settlement. As per court documents, following the settlement, two claims by Integral against Tolat, that of violations of Federal and California Securities Law have been dismissed, along with Tolat’s counterclaims. While settlement details were not provided in the court documents, Forex Magnates has learned that Tolat agreed to a reduced payment by Integral for the value of his shares he owned in the firm. According to sources, Integral views the reduced value of Tolat's ownership as substantiating their initial claims against Tolat for securities fraud.
Following the settlement, still being appealed by Integral are the court’s earlier rulings in favor of Tolat of nine other claims. The claims include misappropriation of trade secrets, breach of contract, copyright infringement and violation of computer fraud.
Canada and France Regulators Agree Framework for Cross-Listing Approvals
FM Daily Brief: 21 April 2026
FM Daily Brief: 21 April 2026
It's Tuesday, the twenty-first of April, twenty twenty-six. You're listening to the Finance Magnates Daily Brief. Today's lead: the Bank for International Settlements has put dollar stablecoins on the regulatory hot seat. Also ahead: first quarter earnings from Capital.com and Plus500, Revolut pushes its IPO to twenty twenty-eight, and a look at where Singapore hedge funds are really moving.
It's Tuesday, the twenty-first of April, twenty twenty-six. You're listening to the Finance Magnates Daily Brief. Today's lead: the Bank for International Settlements has put dollar stablecoins on the regulatory hot seat. Also ahead: first quarter earnings from Capital.com and Plus500, Revolut pushes its IPO to twenty twenty-eight, and a look at where Singapore hedge funds are really moving.
In this video, we review @FundedNext a proprietary trading firm offering evaluation challenges for CFD and futures traders using simulated accounts.
We cover how the model works, including challenge types, profit targets, loss limits, and performance-based rewards. You’ll also learn about payout structures, supported platforms, and key features such as the firm’s 24-hour payout policy and flexible challenge formats.
Watch the full video to see if FundedNext fits your trading approach.
#FundedNext #PropFirm #PropTrading #FinanceMagnates #Trading #CFDTrading #FuturesTrading #TradingReview
In this video, we review @FundedNext a proprietary trading firm offering evaluation challenges for CFD and futures traders using simulated accounts.
We cover how the model works, including challenge types, profit targets, loss limits, and performance-based rewards. You’ll also learn about payout structures, supported platforms, and key features such as the firm’s 24-hour payout policy and flexible challenge formats.
Watch the full video to see if FundedNext fits your trading approach.
#FundedNext #PropFirm #PropTrading #FinanceMagnates #Trading #CFDTrading #FuturesTrading #TradingReview
TradingPro Winner Spotlight 🏆 | Global Best Overall Broker 2025
TradingPro Winner Spotlight 🏆 | Global Best Overall Broker 2025
TradingPro takes the spotlight as Global Best Overall Broker 2025 at the Finance Magnates Awards.
Yusna Yusman, Head of Global Marketing, describes the night as inspiring, elegant, and full of energy.
She also shares a message of appreciation to the clients and community whose support made this achievement possible.
👉 Be part of FM Awards 2026.
#FinanceMagnatesAwards #TradingPro #Trading #Fintech #Broker #WinnerSpotlight #Shorts
TradingPro takes the spotlight as Global Best Overall Broker 2025 at the Finance Magnates Awards.
Yusna Yusman, Head of Global Marketing, describes the night as inspiring, elegant, and full of energy.
She also shares a message of appreciation to the clients and community whose support made this achievement possible.
👉 Be part of FM Awards 2026.
#FinanceMagnatesAwards #TradingPro #Trading #Fintech #Broker #WinnerSpotlight #Shorts
In this video, we review @deriv an online broker offering CFDs and options across a wide range of markets, including forex, stocks, indices, commodities, cryptocurrencies, and derived indices.
We cover the broker’s overall offering, including its multi-jurisdiction regulatory structure, platform ecosystem, and range of account types. We also explore key features such as product availability, funding options, and trading conditions.
Watch the full video to see if Deriv fits your trading needs.
#Deriv #ForexBroker #CFDTrading #FinanceMagnates #Trading #BrokerReview #OnlineTrading
In this video, we review @deriv an online broker offering CFDs and options across a wide range of markets, including forex, stocks, indices, commodities, cryptocurrencies, and derived indices.
We cover the broker’s overall offering, including its multi-jurisdiction regulatory structure, platform ecosystem, and range of account types. We also explore key features such as product availability, funding options, and trading conditions.
Watch the full video to see if Deriv fits your trading needs.
#Deriv #ForexBroker #CFDTrading #FinanceMagnates #Trading #BrokerReview #OnlineTrading
Opening-Up eWallets’ Future: The Enduring Value of eWallets in the Trading Space ︳FM Talks x Paysafe
Opening-Up eWallets’ Future: The Enduring Value of eWallets in the Trading Space ︳FM Talks x Paysafe
eWallets aren’t just moving money anymore, they’re running the show.
In this episode of FM Talks, Adonis Adoni (News Editor at Finance Magnates) sits down with Paysafe 's:
•Bob Legters, Chief Product Officer
•Jeannie Lam, VP of Sales & Account Management for Forex & Financial Trading
to break down how wallets evolved from simple payment tools into core trading infrastructure.
💥 Inside the conversation:
•Why wallets now drive growth, retention, and global scale for brokers
•The hidden power behind deposit success, fraud prevention, and UX
•Stablecoins: hype, reality, and where they actually fit today
•AI in wallets: smarter flows vs rising fraud risks
•The rise of white-label wallets and full ecosystem control
•What the future looks like when wallets become your financial brain
🔗 Learn more about @PaysafeGroup : https://www.paysafe.com/en/optimize-forex-payments-for-growth-in-2026/fm/?utm_source=fm&utm_medium=podcast&utm_campaign=2026-q1-fx-demand-gen&utm_content=podcast
From fiat to crypto, payments to trading, everything is converging and wallets are right at the center of it.
#Fintech #eWallets #Trading #DigitalPayments #Stablecoins #Crypto #AIinFintech #FutureOfFinance #Paysafe #FMtalks
eWallets aren’t just moving money anymore, they’re running the show.
In this episode of FM Talks, Adonis Adoni (News Editor at Finance Magnates) sits down with Paysafe 's:
•Bob Legters, Chief Product Officer
•Jeannie Lam, VP of Sales & Account Management for Forex & Financial Trading
to break down how wallets evolved from simple payment tools into core trading infrastructure.
💥 Inside the conversation:
•Why wallets now drive growth, retention, and global scale for brokers
•The hidden power behind deposit success, fraud prevention, and UX
•Stablecoins: hype, reality, and where they actually fit today
•AI in wallets: smarter flows vs rising fraud risks
•The rise of white-label wallets and full ecosystem control
•What the future looks like when wallets become your financial brain
🔗 Learn more about @PaysafeGroup : https://www.paysafe.com/en/optimize-forex-payments-for-growth-in-2026/fm/?utm_source=fm&utm_medium=podcast&utm_campaign=2026-q1-fx-demand-gen&utm_content=podcast
From fiat to crypto, payments to trading, everything is converging and wallets are right at the center of it.
#Fintech #eWallets #Trading #DigitalPayments #Stablecoins #Crypto #AIinFintech #FutureOfFinance #Paysafe #FMtalks
