Industry Updates Involving RoboMarkets, Goldstone Securities, Centroid Solutions, FYNXT; Swedbank CEO Sentenced; CFTC Report
Fazzaco continued extensively covering the latest trends in forex, crypto, fintech, and prop trading last week. We also updated the latest CFTC report on the US retail FX volumes.
Below are news and articles for the Fazzaco's last week recap.
RoboMarkets to Discontinue FX and CFDs Offerings in Europe Next Year
RoboMarkets has revealed plans to realign its European business model by the end of 2024, focusing on stock investors and traders. The reorganization will see RoboMarkets Deutschland GmbH become the primary entity for serving European retail clients, specializing exclusively in stocks, bonds, and ETFs.
Goldstone Securities Welcomes New Sales Director David Freeman
Goldstone Securities last week announced the appointment of David Freeman as the new Sales Director. David brings a wealth of experience in sales leadership within the financial services industry, having successfully driven growth and built strong client relationships in his previous roles.
Swedish Court Sentences Former Swedbank CEO to 15 Months in Prison
A Swedish court has sentenced Birgitte Bonnesen this week, the former CEO of Swedbank, to 15 months in prison after finding her guilty of "gross swindling." This verdict by the Svea Court of Appeal overturns a district court ruling from 2023, which had acquitted Bonnesen of charges related to a major money laundering scandal.
Centroid Solutions Integrates with Bloomberg FixNet
Last week, leading fintech Centroid Solutions confirmed that its Centroid Bridge has integrated with Bloomberg FixNet. This integration enhances their connectivity solutions, enabling brokers to seamlessly connect with other brokers from Bloomberg's FixNet across all continents.
Bloomberg FixNet hosts one of the largest private FIX connectivity services globally, with over 2,500 connections. It provides standardized FIX access from external systems to a wide community of broker-dealers.
FYNXT CRM Integrates with CommPeak to Enhance Broker Communication Efficiency
FYNXT, an award-winning fintech platform, has announced a strategic integration between its advanced CRM system and CommPeak, a global Communication Solution provider. This integration is designed to streamline communication processes and enhance the overall customer experience for multi-asset brokers and financial services providers.
The US Commodity Futures Trading Commission (CFTC) has released its latest monthly report, which shows that the total volumes of the retail forex funds of six institutions in July 2024 have a 2.16% M-o-M decline.
The report covers registered retail foreign exchange dealers (RFEDs) and broker-dealers operating in the US. These include CHARLES SCHWAB Futures & Forex LLC, Gain Capital Group LLC, Interactive Brokers LLC, OANDA Corporation, tastyfx* and Trading.com Markets.
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