Industry Dynamics Involving Exness, The Trading Pit, Kraken and Forex.com; MetaQuotes Bans Old MT4/5 Versions; FX Licensing in Mauritius

Fazzaco continued extensively covering the latest trends in forex, crypto, fintech, and prop trading last week. In addition to the news, we've discussed the latest announcement from MetaQuotes on planning to ban old MT4/5 versions, as well as the publishing of the first FX License article of our newly launched Reviews series, "A Gateway to Forex Licensing Vol I: Mauritius Investment Dealer License".

Below are news and articles for the Fazzaco's last week recap.

Exness Partners with Centroid Solutions to Enhance Liquidity Offering​

Leading fintech provider Centroid Solutions announced that Exness, one of the world's largest FX retail brokers, who has also expanded its services by offering B2B liquidity, has selected Centroid Bridge to extend its prime liquidity offerings to brokers globally.

The Trading Pit Enhances Prime Futures Challenges with NinjaTrader

In a bid to upgrade its trading suite, proprietary trading firm The Trading Pit has integrated NinjaTrader, a platform known for its speed and customization options, into its Prime Futures Challenges. This addition complements existing tools Tradovate and TradingView, strengthening The Trading Pit's offering to traders aiming to improve their performance in futures markets.

Kraken Appoints Stephanie Lemmerman As CFO​

Kraken has appointed Stephanie Lemmerman as its Chief Financial Officer, a move reflecting its intentions to strengthen ties between the crypto space and traditional finance. With a rich background in both fintech and crypto, Lemmerman most recently served as CFO of Dapper Labs, a company known for its innovations in blockchain and NFTs. She brings to Kraken valuable expertise in bridging conventional financial practices with the evolving world of digital assets, which could be critical as Kraken aims to expand its services and influence within the sector.

FOREX.com and Kalshi Team Up to Offer Election Market Trading Options

US brokerage FOREX.com, owned by StoneX, has entered into a strategic partnership with Kalshi, a CFTC-regulated platform specializing in event-based trading. This collaboration allows FOREX.com clients to participate in the upcoming US Presidential Election through Kalshi's platform, enabling users to trade contracts based on political outcomes alongside their forex investments.

Traders Voice Frustrations As MetaQuotes Discontinues Older MT4 and 5 Versions​

On October 22, 2024, MetaQuotes announced that starting December this year, it will cease technical support for older versions of its MT4 and MT5 platforms. For MT4, this includes any version earlier than build 1420, released on May 24, 2024, while for MT5, it covers versions before build 4410, released on June 21, 2024. Desktop clients using these earlier terminals will no longer be able to connect to brokers' servers.

A Gateway to Forex Licensing Vol I: Mauritius Investment Dealer License

Mauritius features a robust economy, driven by a thriving services sector and significant growth potential in financial services.Its stable governance, advanced infrastructure, and favorable tax benefits make it an attractive offshore business destination. This is reflected in the presence of brokers like HFM, XM, and FXTM, all of which are licensed in Mauritius. This article serves as a practical guide to acquiring a Mauritius forex broker license, outlining essential steps and requirements to help brokers secure their licenses.