Fazzaco Weekly Digest: Centroid Solutions Partners with Samtrade FX; Revolut Hires Juan Miguel Guerra; IC Markets Sponsors Six Football Clubs

Take a look at the latest happenings in this week's news digest from around the forex and fintech industry. Here are some of the top headlines from this past week.

1. Centroid Solutions and Samtrade FX Become Strategic Partner

The forex trading technology provider Centroid Solutions and Samtrade FX, an online trading broker that provides forex trading and other related services, have recently announced a strategic partnership.

According to the press release shared with Fazzaco, Samtrade FX will offer their multi-asset liquidity to clients worldwide via Centroid Gateways, an institutional grade connectivity, liquidity management, execution and reporting system, in addition to deploying the Centroid24 risk management system.

2. Revolut Hires Juan Miguel Guerra as CEO Mexico

Revolut, a UK financial technology firm offering banking services, announced that it has appointed Juan Miguel Guerra as its CEO in Mexico. Guerra will build and lead the financial superapp’s entry to the market.

In his new position, Guerra will build a team in Mexico to lead Revolut’s expansion in the country.

3. TP ICAP and Speedwell Launch First ICAP-Speedwell Climate Index

TP ICAP, a leading provider of market infrastructure and data solutions, announced that it has partnered with Speedwell, the environmental risk-management solution provider, to launch the first ICAP-Speedwell Climate Index.

Developed and maintained by Speedwell, the Index takes a representation of the average global temperature based on data taken from 50 independent, high-quality national weather stations from around the world.

The index is designed to use global weather data to track climate change thereby allowing financial risk related to the rate of climate change to be traded. It provides the underlying data necessary for market participants to transact, tailored structures relating to climate change using over-the-counter futures and options.

4. IC Markets Expands Sport Presence, Sponsoring Six Football Clubs

IC Markets, an Australian-based online retail forex and CFD broker, has has expanded its presence in the sports field and inked sponsorship deals with six German football clubs.

The six clubs are Bayer Leverkusen, Hertha Berlin, FC Augsburg, Arminia Bielefeld, Greuther Fürth and VfL Bochum, all of which are playing in the country’s top domestic league, Bundesliga. As per the signed agreement, the broker will receive advertising rights on the LED perimeter of the field, along with logo and IP rights.

5. Financial Commission Warns Against GS4 Trade

The Financial Commission, an external dispute resolution (EDR) body dedicated specifically to FX, recently added GS4 Trade (GS4trade Invest LIMITED) to its warning list.

The decision was made after the Commission has been notified by concerned traders regarding the company and its associated website.

​The broker claims that it enables traders to generate financial returns on both rising and falling prices across FX, indices, commodities, shares and cryptocurrencies.

6. Visa Backs Credit Card Fintech Startup Deserve

Fazzaco learned that Deserve, a fintech startup offering digital-first, mobile-centric, and highly configurable API- and SDK-based credit card solutions, has secured investments from Visa, the world digital payments giant. This follows Mastercard’s investments in the startup.

Last year, Visa has already tapped Deserve together with BlockFi, a blockchian technology-based company that provides the wealth management products for crypto investors, to roll out the first-ever credit card to offer Bitcoin rewards.

7. Saxo Markets Receives Type 4 and Type 9 Licenses from Hong Kong’s SFC​

Saxo Capital Markets HK Limited ("Saxo Markets"), the online trading and investment specialist, announced today that it has received Type 4 (Advising on securities) and Type 9 (Asset Management) licenses from The Securities and Futures Commission of Hong Kong ("SFC"). 

Saxo Markets currently holds SFC Type 1, 2 and 3 licenses, and has been operating in Hong Kong since 2011. Together with Type 4 and 9 licenses, Saxo Markets is now able to extend its business further to asset and wealth management. Leveraging its strong fintech background and deep understanding of the local market, Saxo Markets can provide an alternative to traditional asset management for investors who are looking for a much more personalised option with insightful researches at a lower fee threshold.