Fazzaco Weekly Digest: How Apple's MetaTrader Ban Affect Your Business; FTX's Founder Apprehended in the Bahamas; Exness Sees 89.5% YoY Jump in Client Trading Volumes

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

1. The Changed and Unchanged: How Apple's MetaTrader Ban Affect Your Business?​

Apple abruptly removed MT4 and MT5 trading platforms from App Store without any prior announcement on September 24, delivering a wide-spread blow to the forex and CFDs industries. Although iOS-based device users who have downloaded the trading platforms can continue to use them, they are unable to access any updates or upgrades on these devices.

How will this ban affect the forex industry? How should forex brokers adapt? Fazzaco has reached out to a few C-level executives and explored how the massive fallout affected the forex and fintech industries.

2. FTX's Founder Sam Banman-Fried Apprehended in the Bahamas​

Fazzaco learned that a few hours ago, Bahamian Attorney-General Ryan Pinder announced that the country's police force arrested Sam Bankman-Fried (SBF), the founder of bankrupt crypto exchange FTX, after receiving criminal accusations filed by US authorities. Pinder further pointed out in the statement that the US is likely to request an extradition of SBF.

The arrest was confirmed on Twitter by the Southern District of New York, which is investigating SBF and the collapse of FTX and its sibling trading business Alameda.

3. CMC Markets Promotes Chandni Brahmbhatt to Senior Sales Executive

Fazzaco learned that CMC Markets, a leading global provider of online trading, technology and execution for institutional clients, has promoted Chandni Brahmbhatt to Senior Sales Executive.

As seen on her LinkedIn profile, Brahmbhatt joined CMC Markets as Sales Executive in April 2021. She is experienced in sales, having previously held related roles in different industries such as Bright Network, a recruitment agency, Marcus Evans Group, a global business information service provider and Clark, a British international shoe manufacturer and retailer.

4. Exness Sees 89.5% YoY Jump in Client Trading Volumes for November​

Fazzaco learned that retail FX and CFDs broker Exness has posted its trading volumes for the month of November, showing a drop compared to the last month.

More specifically, the broker reported client trading volumes of $2.405 trillion, drop by 4.9 percent compared to the prior month's $2.53 trillion. This number for November 2021 is $1.269 trillion, revealing a yearly increase of 89.5%.

5. ITI Capital Ends 2021 with £3.5 Million Loss, Plans to Wind down Retail Business

ITI Capital, an international investment company with headquarters in London, has published its yearly financials for the year ended 31 December 2021. The broker reported a 43 percent year-over-year drop in its revenue for this year.

According to the figures, the company's revenue for the year came in at £3.32 million, compared to the previous year's £5.83 million. It ended the year with a pre-tax loss of £3.4 million, while this figure was at £2.4 million in the previous year.

6. T4Trade Regional Manager Dimitris Stylianou Announces Departure​

Dimitris Stylianou decided to end his tenure as the Regional Manager at multi-asset forex broker T4Trade, said in his LinkedIn post on Tuesday.

With 7 years of working experience in financial industry, Stylianou joined T4Trade as Regional Manager in March this year. Prior to T4Trade, he had a short stint of 4 months at Forex Trading as a Retention Manger. Stylianou had previously held roles at online trading platform Alvexo, TopForex and more recently served as Head of Education for FX at SLS Consulting, which offers professional human resource services and training to businesses.

7. Fazzaco Top 10 Articles of 2022: A Summary of Industry Trends and What's Behind​

The year 2022 was immersed in a pool of shocking news, from the bankruptcy of Celsius, which performed as a prelude to a prolonged period of "cypto winter", and the removal of MetaTrader 4 and 5 from Apple's App Store, which could revolutionize the online trading industry, to the latest fall of FTX, which sent strong shockwaves across the community. At Fazzaco, you can get a deeper look at all these important news.

The following are the 10 most popular articles of the year so far. We hope they will continue to help readers who are looking to track market trends and explore potential business development directions.