Last Week Recap: Updates on FTMO, FCA, BCRA, Pepperstone, Interactive Brokers and Barclays

Fazzaco continued extensively covering the latest trends in forex, crypto, fintech, and prop trading last week. The below is the selected highlights of last week.

FTMO Opens Access to Traders in India as Prop Trading Demand Grows

FTMO, a global proprietary trading firm, has confirmed that its services are now available to traders in India. The company announced the change on X on Thursday, marking a shift from its earlier position that excluded Indian clients.

UK Bond Market Overhaul Moves Forward as FCA Clears Legal Hurdle

The UK's plans for a consolidated bond-market tape have regained momentum after the Financial Conduct Authority (FCA) received court approval to lift a legal suspension that had prevented it from signing a contract with Etrading Software (ETS). The High Court's decision allows the regulator to formalize the agreement while continuing to defend the ongoing legal challenge.

Argentina Considers Allowing Banks to Offer Crypto Trading Amid Economic Crisis

Argentina's central bank, Banco Central de la República Argentina (BCRA), is reportedly weighing the option of lifting its ban on traditional financial institutions offering cryptocurrency trading and custody services. This potential policy shift marks a significant departure from the BCRA's long-standing stance against crypto, which was aimed at reducing the risks associated with unregulated financial activities.

Pepperstone Obtains UAE SCA License, Opens Dubai Office

Melbourne-headquartered Retail FX and CFDs broker Pepperstone has received a Category 5 license from the UAE Securities and Commodities Authority (SCA). The company has also established an onshore office in Dubai, located at Emaar Square, Building 3, 3rd Floor, Office 2.

Interactive Brokers Expands Market Access to Include UAE Equities

Interactive Brokers Group, Inc. (NASDAQ: IBKR) announced today the availability of United Arab Emirates (UAE) equities, accessible through the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM).

FCA Launches Consumer Verification Tool as UK Investment Scam Losses Reach 800,000 Victims

The UK Financial Conduct Authority (FCA) has introduced a new consumer verification tool amid rising losses from investment and pension scams, which affected an estimated 800,000 people over the past year.

Barclays Takes Stake in United Fintech, Joining Growing List of Global Bank Investors​

United Fintech has added Barclays as a strategic investor, expanding its shareholder base, which already includes BNP Paribas, Citi, Danske Bank, and Standard Chartered. All five banks have taken stakes in the fintech holding company within the past two years.