retail
Prop Firm Hola Prime Names NBA Star Karl-Anthony Towns as First Sports Ambassador
- The proprietary trading firm launched a new campaign, alongside its partnership with Towns.
- Five-time All-Star Towns represents the campaign featuring a video comparing athletes’ and traders’ mindsets.
Tuesday, 13/05/2025 | 14:10 GMT by
Tareq Sikder
FCA Sees Progress in Smaller Firms; Are CFDs Coming Under the Radar of High-Risk Investments?
- Some smaller firms have yet to fully implement the Consumer Duty, impacting their compliance.
- CFDs and other high-risk products are not always sold to suitable clients, raising regulatory concerns.
Thursday, 08/05/2025 | 09:54 GMT by
Tareq Sikder
Saxo Appoints Former Plus500 and Alpari Executive as UK Head of Compliance
- Michelle West previously worked at major institutions including Bank of America and ABN AMRO.
- The hire coincides with new retail features, including a Flexible ISA and revised pricing model.
Wednesday, 07/05/2025 | 09:36 GMT by
Tareq Sikder
IronFX UK Doubles Revenue to $1.4 Million in 2024, Net Profit Slips Slightly
- The company’s administrative costs rose to $1.28 million in 2024, reducing profit despite higher revenue.
- The firm reported $1.44 million in gross profit, while administrative expenses increased to $1.28 million.
Tuesday, 06/05/2025 | 16:08 GMT by
Tareq Sikder
Webull Adds Visa Direct for Instant Transfers; Expands into Binary Event Contracts
- Visa Direct is a real-time service for sending money to cards, bank accounts, and wallets.
- The firm has partnered with Coinbase Derivatives to offer Bitcoin and Ethereum futures with smaller contracts.
Tuesday, 06/05/2025 | 13:54 GMT by
Tareq Sikder
Kohl’s Fires CEO for Inappropriate Vendor Ties—Wall Street Cheers
- Kohl’s fired CEO Ashley Buchanan for conduct tied to vendor relationships.
- The company’s stock price jumped after the news, suggesting Wall Street isn’t mourning.
- Missteps are now a buy signal. Depressing, but great for the bottom line.
Friday, 02/05/2025 | 07:06 GMT by
Louis Parks
Morgan Stanley to Add Crypto Trading on E*Trade as Fed Eases Restrictions
- The bank may partner with crypto firms to develop infrastructure, with a possible launch next year.
- Charles Schwab and SoFi are also exploring or expanding crypto trading options.
Thursday, 01/05/2025 | 12:42 GMT by
Tareq Sikder
FCA Warns Tech Firms Not Doing Enough to Stop Illegal Forex Finfluencers
- The regulator urges a rise from two to five years for promoting unauthorised financial schemes.
- Recently, the regulator charged individuals for promoting unauthorised forex schemes, with trials set for 2024 and 2027.
Thursday, 01/05/2025 | 09:35 GMT by
Tareq Sikder
FCA Launches AI Testing and Sandbox for Forex, Commodities, and Other Financial Sectors
- The regulator launched PASS to assist cryptoasset, payments, and wholesale firms entering the UK market.
- Independent research shows firms in FCA sandboxes are more likely to secure funding and stay operational.
Tuesday, 29/04/2025 | 16:01 GMT by
Tareq Sikder
LCG UK Returns to Profit with £478K in 2024, Rebounding from £6M Loss
- The firm returned to operational profitability in H2 2024, as shared by its Managing Director.
- Earlier, the company reported a 25% increase in revenue for 2022, reaching under £2 million.
Monday, 28/04/2025 | 13:13 GMT by
Tareq Sikder
FINRA Fines US Tiger $250K and TradeUP $700K for AML and Communication Retention Issues
- The firms violated FINRA rules by using a messaging platform that deleted communications early.
- From 2019 to 2023, the firms' AML programs missed suspicious transactions and lacked foreign account due diligence.
Monday, 28/04/2025 | 12:20 GMT by
Tareq Sikder
Tickmill Integrates KYC and AML Tools as Sumsub Expands with Chainalysis
- The broker will use facial biometrics, document checks, and AML screening for faster account activation.
- Recently, Sumsub partnered with Chainalysis to provide KYC, AML, and transaction monitoring solutions.
Friday, 25/04/2025 | 09:31 GMT by
Tareq Sikder
Public Joins Aston Martin Aramco F1; Launches Fractional Bond Trading
- The partnership features branding on the AMR25 halo during races in Miami, Austin, and Las Vegas.
- Aston Martin Aramco has also taken an equity stake in Public as part of the agreement.
Thursday, 24/04/2025 | 15:53 GMT by
Tareq Sikder
50% of Swiss Financial Firms Use AI, FINMA Survey of 400 Institutions Shows
- 91% of AI users rely on generative tools and third parties, raising outsourcing concerns.
- The regulator will oversee AI use under a “same business, same risks, same rules” approach.
Thursday, 24/04/2025 | 12:37 GMT by
Tareq Sikder
Prop Firms and Broker Offerings Enhanced by Centroid’s EAERA Alliance and Match-Trader Risk Integration
- Brokers will gain access to 300+ liquidity connections, smart order routing, and multi-platform support.
- Centroid has also integrated its risk analytics system with Match-Trader for brokers and prop firms.
Thursday, 24/04/2025 | 09:47 GMT by
Tareq Sikder
FCA Allows 16,000 Firms to Skip Three Data Collections; Do CFD Providers Benefit?
- The regulator has launched 'My FCA' to centralise regulatory tasks with a single sign-in system.
- Firms may omit specific returns during consultation without facing any submission penalties.
Wednesday, 16/04/2025 | 09:53 GMT by
Tareq Sikder
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