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StoneX Group has expanded its partnership with Integral by establishing a local connection at Equinix SG1 in Singapore, enabling direct access to FX and precious metals liquidity hosted there. The move adds an Asian point of presence to StoneX’s existing deployments in New York and London, aiming to cut latency and improve trading efficiency for clients across the region.
The heads of ESMA and CySEC have voiced support for the European Union’s drive to centralise more financial supervision, arguing that fragmented national oversight is creating regulatory gaps as markets become more cross-border. Their comments highlight concerns over divergent supervisory practices, rising complaints against Cyprus-based brokers, and emerging risks from crypto-assets and AI.
eToro is considering multiple acquisitions in the wealth-tech sector following its public listing last year, according to CEO Yoni Assia. The company is in talks with two firms and is also weighing expansion into traditional payments and potential banking licences.
The High Court has confirmed the appointment of special administrators for Euro Exchange Securities UK Limited after the firm ceased trading. The FCA acted following serious concerns over financial crime risks and weaknesses in EES’s controls and governance.
The FCA has decided to fine Carlos Fuenmayor, Chief Executive of BancTrust, £99,600 for failing to disclose three separate matters to the regulator. The FCA concluded that his failures were negligent and breached conduct rules, and the case has been referred to the Upper Tribunal.
The Cyprus Securities and Exchange Commission has withdrawn the Cyprus Investment Firm authorisation of TTCM Traders Trust Capital Markets Ltd. The decision follows the company’s express renunciation of its licence under the applicable Cypriot investment services law and directive.
Italy's Companies and Exchange Commission (Consob) has ordered the blocking of seven unauthorized investment websites. The move brings the total number of blocked sites since July 2019 to 1,736, including 204 related to crypto operations.
The Cyprus Securities and Exchange Commission (CySEC) has issued a warning about the website j2t.tech, stating it is operated by an unauthorized investment firm. The regulator advises the public not to deal with this entity and urges investors to verify firms’ licenses on its website.
Kudo.com, the CFD broker formerly known as Kudotrade, has obtained a Category 5 license in the United Arab Emirates, enabling “Promotion and Introduction” activities in the country. The license supports a broader Gulf expansion and coincides with the launch of access to selected Gulf-listed shares.
An Australian court has ordered collapsed CFD brokers USGFX, EuropeFX and TradeFred to pay a record combined penalty of AU$300.2 million for systemic unconscionable conduct between 2018 and 2020. The ruling includes additional orders against EuropeFX and marks the first civil penalty for failing to provide financial services efficiently, honestly and fairly.
Amplifi Capital (U.K.) Limited has entered administration, with Robert Spence and Gareth Slater of Interpath Advisory appointed as joint administrators. Existing loan and savings agreements with Reevo Money, My Community Bank and Castle Community Bank remain unaffected, but Amplifi can no longer issue new loans.
The FCA has decided to fine BancTrust chief executive Carlos Fuenmayor £99,600 for failing to disclose three separate matters to the regulator. The FCA found his failures were negligent and breached conduct rules, and the case has been referred to the Upper Tribunal.
