Highlights of FundingPips, EC Markets, LTD; MT5 Updates; Kraken Buys NinjaTrader; AI & Marketing...More News Recap from Last Week

Fazzaco continued extensively covering the latest trends in forex, crypto, fintech, and prop trading last week. In addition to the news, we've also discussed the potential possibilities of brokers harnessing the power of AI in smart marketing. Below are news and articles for the Fazzaco's last week recap.

FundingPips Reinstates MetaTrader 5 Access Following Regulatory Move

Proprietary trading firm FundingPips announced on last Monday the restoration of MetaTrader 5 (MT5) platform availability for its clientele. This development comes after a period of inaccessibility stemming from changes in MetaQuotes' policies regarding the provision of their trading platforms to prop trading firms through third-party brokerage agreements.

EC Markets UK Strengthens Technology Division with New Head Hire

EC Markets has appointed Gleb Kaplan as the new Head of Technology for its UK operations. Kaplan joins the retail FX and CFDs broker after an eight-year tenure as Global Head of Engineering at Equiti Group, based in London. He departed Equiti late last year.  

MetaQuotes Updates MetaTrader 5 Mobile App for iOS

MetaQuotes, the developer of the MetaTrader 5 trading platform, has announced the release of an updated version of its mobile application for iOS devices. The update focuses on improving the user experience through enhanced charting features and stability improvements.

Key additions to the application include a new text object feature, allowing users to create custom labels directly on charts. According to MetaQuotes, users can access this functionality by opening the chart objects menu and selecting "Add Text." The update also streamlines object editing with a small on-chart menu that appears immediately after an object is created, enabling quick adjustments to key properties.

Kraken Poised to Acquire NinjaTrader in $1.5 Billion Deal

Kraken, one of the world's leading cryptocurrency exchanges, is reportedly in the final stages of acquiring NinjaTrader, a prominent U.S.-based futures trading platform, for approximately $1.5 billion.

This deal would mark a major step for Kraken as it seeks to expand its offerings in the U.S. market, particularly in cryptocurrency futures and derivatives trading. By acquiring NinjaTrader, a firm regulated by the Commodity Futures Trading Commission (CFTC), Kraken could gain the necessary regulatory foothold to offer these products domestically.

LTP Expands into Europe with Acquisition of Spanish Firm

Hong Kong-based institutional prime brokerage firm LTP has announced a significant expansion into the European digital asset market through the acquisition of Turing Capital Brokerage (TCB), a Spanish firm holding a license under the European Union's MiCA regulatory framework. This strategic move will enable LTP to offer fully compliant cryptocurrency brokerage services to institutional clients across Europe, strengthening its position in the evolving digital finance sector.

Capital.com's Dubai Mall Experiment: AI Ads, Innovation or Wishful Thinking?​

In Dubai, a city synonymous with global finance, the bustling corridors of Dubai Mall aren't just filled with luxury shoppers and tourists - they've become a testing ground for the future of advertising. This week, online brokerage Capital.com took a gamble: instead of hiring an ad agency, Middle East CEO Tarik Chebib and colleague Patricia Lyn Dixon spent three days wrestling with ChatGPT prompts to craft a campaign. The result? A campaign splashed across 400 mall screens targeting 275,000 daily visitors with the tagline: "While you're spending someone else is investing in the company you're paying."