LMAX Digital

When Andy Ross left one of the most senior prime brokerage seats in the market to join prediction markets exchange Kalshi, I cheered him on. This was a maverick move to a maverick company. I sat down with Andy to find out what Kalshi is building for institutional markets, why the proxy hedge problem is costing institutions real money, and why the launch of the first CFTC-regulated perpetual futures on American soil changes the game for institutional capital efficiency.

Trading platform provider cTrader has integrated mobile attribution and marketing analytics specialist AppsFlyer into its platform, giving brokers the ability to launch and track mobile advertising campaigns for their branded cTrader apps.

Institutional liquidity and risk management provider X Securities Ltd has announced a strategic partnership with financial services group WSF Markets Ltd, designed to strengthen the infrastructure underpinning WSF's brokerage and prop trading operations.

DAK Markets, a technology-driven broker, has partnered with cTrader to support its growing global community with the award-winning trading platform.

The A-book and B-book are the two fundamental execution models every FX and CFD broker operates under - yet many brokers run one or both without fully understanding the risk implications. This guide covers how each model works, where broker revenue actually comes from, the risks of running a poorly managed B-book, and how hybrid execution models give brokers the flexibility to optimise profitability without taking on excessive exposure.

Your Bourse has added Advanced Markets to its Premium Liquidity Provider program, combining bank-grade liquidity with Your Bourse execution technology, bridge connectivity, hosting, and reporting tools in one streamlined solution for brokers.

ATFX Connect has announced a strategic partnership with the Johannesburg Stock Exchange to provide institutional and B2B clients across South Africa with direct access to JSE-listed CFDs, as the firm continues to expand its African operations alongside local banking partners.

Equals Money and Railsr have rebranded under a single unified new brand identity as Equals, as the combined business surpasses £58 billion in annual transaction volume.

GCEX Group has added tokenised WTI crude oil to its multi-asset platform, enabling institutional and professional clients to access on-chain oil exposure without physical delivery or CME roll mechanics, alongside existing digital asset, FX and CFD trading.

XS.com has appointed Giannis Kontogiannis as Head of Funding, tasking him with overseeing global payment operations, PSP partnerships, and reconciliation controls as the broker expands its international presence and funding infrastructure.