Industry Trends Involving FXBO, Funded Friends, Centroid Solutions, Saxo, Exness; Fazzaco Launches "Whistleblower & Intelligence"

Fazzaco continued extensively covering the latest trends in forex, crypto, fintech, and prop trading last week. We also updated the monthly report on the winning / losing rate of brokers' client accounts, and launched the latest "Whistleblower & Intelligence" feature.

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

Introducing FXBO's Groundbreaking Prop Trading CRM Solution

Last week, FX Back Office (FXBO), a renowned innovator in the trading industry, unveiled its cutting-edge Prop Trading CRM. This next-generation solution is built to revolutionize how proprietary trading firms operate, offering a complete toolkit to enhance efficiency, streamline processes, and drive sustainable growth. In essence, FXBO's Prop Trading CRM is set to be the ultimate tool for firms looking to stay competitive in the fast-paced trading world.

Prop Firm Funded Friends Closes Operations, Acquired by TradingFunds​

Prop Firm Funded Friends has announced its closure and subsequent acquisition by competitor TradingFunds. Founded earlier this year by CEO Arjo Janssens, Funded Friends was positioned to offer trading opportunities to aspiring traders.

Scope Prime Connects to Centroid Solutions for Liquidity Distribution, Thousands of Instruments Across Multiple Asset Classes Included

Scope Prime, the award-winning institutional liquidity brand of Rostro Financial Group, has announced the connection of its API into Centroid Solutions' platform last week. Using Centroid Bridge, the integration offers Centroid's clients aggregated access to the wide range of deep liquidity pools available from Scope Prime, whilst simultaneously allowing Scope to benefit from advance technology that optimizes liquidity management, boosts operational efficiency, and enhances connectivity across the board.

Saxo Bank Shuts Down Hong Kong Office​

Saxo Bank has officially announced the closure of its Hong Kong office, citing significant shifts in the business environment as a primary factor.In a statement released earlier last week, the Danish trading platform characterized the decision as "difficult but necessary."

The bank has ceased accepting new clients and is currently focused on managing a smooth offboarding process for existing clients and partners.

Exness Expands Team Pro Program with Key MENA Traders

Exness, a globally renowned multi-asset broker, has announced a major expansion of its Exness Team Pro program by welcoming two prominent traders from the Middle East and North Africa (MENA) region.

The inclusion of Salim Djerrar and Mohammed Albadi marks a significant step in Exness' efforts to broaden its influence and build a stronger global trading community, with a special focus on enhancing financial literacy and market participation in the MENA region.

Fazzaco Proudly Presents: Whistleblower & Intelligence, Setting a New Benchmark for Industry Transparency​

In the forex market, brokers need a range of solutions - like liquidity, bridging, payment processing, and trading software - before they can successfully launch their platforms. Unfortunately, the lack of transparency in the B2B sector often leaves brokers without effective channels for resolving disputes. To tackle this issue, Fazzaco is introducing the new Whistleblower & Intelligence feature aimed at breaking down information barriers and promoting transparency, all while safeguarding the interests of brokers and retail clients.