easyMarkets Sponsorship, FastBull Announces Summit; InstaForex Ex-Exec Starts Venture; FTX Funds Plan; CFTC Report; Whistleblower II
Fazzaco continued extensively covering the latest trends in forex, crypto, fintech, and prop trading last week. In addition to the news, we've also updated the latest CFTC report on retail forex funds in the U.S, as well as the second Whistleblower story, "Ex-Broctagon Singapore Employee Alleges Workplace Bullying".
Below are news and articles for the Fazzaco's last week recap.
easyMarkets and Real Madrid Extend Partnership Agreement
easyMarkets and Real Madrid have officially announced the renewal of their collaboration during an event featuring Nikos Antoniades, CEO of easyMarkets, and Emilio Butragueño, Director of Institutional Relations for Real Madrid. This extension of their partnership reinforces the connection between the two entities and aims to maintain the successful relationship that began in 2020.
FastBull Financial Summit Dubai 2025: Global Vision, Leading Financial Frontiers!
Dubai, the heart of innovation and opportunity, is set to host one of the most anticipated financial events of the coming year of 2025! FastBull is proud to announce the FastBull Financial Summit Dubai 2025, will be taking place at the iconic Coca-Cola Arena from April 16 to 17, 2025.
As a premier gathering for finance professionals and thought leaders, this first-rate summit dives deep into the ever-evolving landscape of global finance, with a spotlight on forex markets and blockchain financial technology.
Former InstaForex Exec Launches New Venture, Zeholding
Vladimir Syrov, a seasoned figure with over 15 years of experience in the financial industry, has officially launched his latest venture, Zeholding, a global multi-assets corporation committed to driving impactful innovation and sustainable growth.
Syrov's career trajectory has been marked by strategic leadership roles in prominent financial institutions. He began his journey with a focus on business development, quickly gaining recognition as a key figure in the industry. His six-year tenure at InstaForex, where he served as Chief Business Development Officer, was instrumental in expanding the company's global presence.
FTX Plans Initial Fund Distributions in 2025 After Bankruptcy
FTX, the cryptocurrency exchange that filed for bankruptcy over two years ago, has announced plans to start distributing funds to claimants as early as January 2025. The company's reorganization plan will take effect on January 3, 2025, marking a significant milestone in the recovery process for affected users. According to FTX, the first group of claim holders can expect repayments within 60 days of this date, pending certain conditions.
The US Commodity Futures Trading Commission (CFTC) has released its latest monthly report, which shows that the total volumes of the retail forex funds of six institutions in October 2024 has seen a 0.21% rebound M-o-M.
The report covers registered retail foreign exchange dealers (RFEDs) and broker-dealers operating in the US. These include CHARLES SCHWAB Futures & Forex LLC, Gain Capital Group LLC, Interactive Brokers LLC, OANDA Corporation, tastyfx and Trading.com Markets.
At the end of November, Fazzaco's Whistleblower e-mail inbox received a grievance from a former employee of Broctagon, a Singapore-based fintech. The whistleblower, who requested anonymity, alleged that during her time at Broctagon, she has been treated unfairly including workplace bullying, nationality-based discrimination, wage fraud, and having her clientele taken away by the company.
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