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RegTech firm Muinmos and technology provider Brokeree Solutions have announced a strategic partnership n a move aimed at bringing greater stability and legitimacy to proprietary trading. The collaboration is set to offer regulated FX brokers a compliant and competitive proprietary trading solution.
The partnership will combine Brokeree's Prop Pulse technology for account management and risk mitigation controls with Muinmos' client onboarding platform to ensure regulatory compliance. This integrated offering is designed to address the current negative perception surrounding prop trading while providing regulated brokers with an additional revenue stream.
Remonda Kirketerp-Møller, Founder & CEO, Muinmos
Remonda Kirketerp-Møller, Founder & CEO of Muinmos, commented on the partnership: "The conversation around prop trading is highly negative these days, but for regulated brokers who have the right controls and risk management in place, prop trading presents an excellent opportunity for an additional revenue stream. We have joined forces with Brokeree to help regulated brokers provide a trustworthy prop trading offering and jointly combat negative practices in this sector. Our combined offering enables the firms to offer a compliant and at the same time competitive prop trading option.
"Brokeree and Muinmos both have a strong client base of regulated brokers, and we both share the same ethos – we are advocates of compliant trading, and denouncers of bad actors in the industry. We both believe in working with regulators to ensure that the right controls are in place without limiting legitimate financial activities. We believe there's a real opportunity here for brokers and want to jointly support them to embrace prop trading appropriately."
Andrey Kasyanov, Co-Founder & Managing Partner, Brokeree Solutions
Andrey Kasyanov, Co-Founder and Managing Partner at Brokeree Solutions, addressed the concerns of regulated brokers: "We are very aware that many regulated brokers are concerned that their reputation will be tarnished if they offer prop trading. With Muinmos' compliance expertise and Brokeree's account management system for prop trading firms, regulated brokers can be reassured that they will have a robust offering to enable them to thrive now and as regulation is inevitably introduced."
Brokeree Solutions, established in 2013 in Tallinn, Estonia, is known for its Social Trading and PAMM investment systems. Their latest product, Prop Pulse, is an account management solution for prop trading and trader funding firms.
Muinmos, founded in 2012, offers an automated onboarding platform that incorporates KYC/KYB checks, Regulatory Classification, and Client Risk Assessment. The company claims its solution is the only one in the market offering "TRUE STP" (Straight Through Process) for client onboarding.
This partnership comes at a time when the prop trading sector is facing increased scrutiny, and the two firms aim to provide a solution that addresses both compliance concerns and business opportunities for regulated brokers.
