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Arnab Shome

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Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.

Become an author

Arnab Shome

6664 articles

102 followers

Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.

Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.

Become an author

Latest Articles

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CryptoCurrency

Ireland Catching Up with EU Deadline: Urgently Drafting Crypto Laws

  • Irish legislators need to enact new laws before the EU’s anti-money laundering and terror financing regulations come into effect on 30 December.
  • The EU’s legislation will further empower agencies to take action against crypto transactions.
Thursday, 17/10/2024 | 08:35 GMT by Arnab Shome
Retail FX

Trading Signals Providers in South Africa Must Be Licensed: FSCA Imposes Debut Fine

  • The FSCA fined and debarred one individual for providing FX signal without a license.
  • It clarified that “publishing signals… to online trading… falls within the definition of financial services.”
Wednesday, 16/10/2024 | 11:23 GMT by Arnab Shome
FinTech

eToro Cites “Risk Management Considerations” Behind The Philippines Exit

  • Filipino users must withdraw their funds from eToro before 8 December 2024.
  • The platform will stop Philippines residents' access to all accounts on 15 February 2025.
Wednesday, 16/10/2024 | 07:24 GMT by Arnab Shome
Retail FX

Tavira Financial Pulls Out of CFDs Business

  • The brokerage has already completed the majority of its closure process during the 2023-2024 fiscal year and will finish the remaining part in the ongoing fiscal year.
  • It hired Andrew Gibson to develop its FX and CFDs products, but he left last year.
Wednesday, 16/10/2024 | 05:44 GMT by Arnab Shome
Retail FX

Record-High IBKR Stocks Take a Hit as Q3 Earnings Miss Wall Street Expectations

  • Interactive Brokers turned a quarterly EPS of $1.81, but market estimations were at $1.82.
  • However, the brokerage improved on all metrics when compared year-over-year.
Wednesday, 16/10/2024 | 04:49 GMT by Arnab Shome
Interviews

“Most of Our Prop Trading Traffic Comes from Organic Channels”: OANDA’s Global CMO

  • Finance Magnates recently sat down with Darren Moffett, Global Chief Marketing Officer at OANDA, to discuss the marketing efforts of prop trading platforms.
  • “Trust becomes a critical factor for prop trading,” he said.
Tuesday, 15/10/2024 | 07:42 GMT by Arnab Shome
FinTech

Exclusive: CFDs-Heavy Cyprus' Compliance and Legal Heads Are Earning Six Figures

  • Finance Magnates exclusively gained access to a Cyprus-focused salary survey report by Emerald Zebra.
  • Heads of Compliance in Cyprus earn up to €120,000, while Heads of Legal receive €150,000.
Monday, 14/10/2024 | 10:09 GMT by Arnab Shome
Retail FX

Freetrade Suffers Trading Volume Drop in 2023 despite Revenue Boost

  • The platform handled £3.4 billion in trading volume in the 15 months ending in December 2023.
  • However, the number of users on the platform increased by 9 percent, reaching over 1.45 million.
Monday, 14/10/2024 | 07:15 GMT by Arnab Shome
CryptoCurrency

FTX’s Ryan Salame's Crazy LinkedIn Update: “New Position as Inmate”

  • Salame was sentenced to seven and a half years in prison for his white-collar crimes linked to FTX.
  • Although posted as a joke, his LinkedIn post grabbed the attention of the internet.
Friday, 11/10/2024 | 06:30 GMT by Arnab Shome
Retail FX

Australia Has 280 New AFS License Holders: How Many of Them Are CFDs Brokers?

  • The Aussie regulator received 1,531 licensing and registration applications in the last fiscal year.
  • It also cancelled or suspended 239 AFS licences.
Friday, 11/10/2024 | 04:24 GMT by Arnab Shome
Retail FX

Finance Magnates Visits Taiwan: Can Traders Master “Black Swan” Market Risk?

  • Speakers at the event by EBC Financial Group discussed volatility risks in the market and how traders should prepare themselves for such scenarios.
  • The event was organised a couple of months after EBC signed a partnership deal with veteran trader Joe DiNapoli and his company.
Thursday, 10/10/2024 | 10:50 GMT by Arnab Shome
Executive Moves

Scope Prime Continues Hiring Spree: Onboards Veteran with Over 30 Years’ Experience

  • Gaby Kanj will focus on the company’s operations in the MENA markets.
  • He will be responsible for strengthening the company’s existing client relationships in the region.
Friday, 04/10/2024 | 07:46 GMT by Arnab Shome
Executives

Exclusive: Newly Launched Tauro Markets Onboards Carla Nemr as Commercial Chief

  • Nemr, who has already started in the new role, will develop and execute global commercial strategies for the broker.
  • She is based in Dubai but will be travelling to various key markets.
Friday, 04/10/2024 | 04:44 GMT by Arnab Shome
Executives

Exclusive: Tauro Markets’ CEO Discusses Expansion Plans amid Launch

  • The broker offers more than traditional CFDs and aims to onboard B2B clients in the future.
  • Headquartered in Dubai, the broker operates with licences in Mauritius, Kuwait, and St Vincent & the Grenadines.
Thursday, 03/10/2024 | 11:00 GMT by Arnab Shome
Executives

Sam Chaney Joins M4Markets a Month after His Departure from NAGA

  • He joined the broker as the new Commercial Director.
  • His focus will be on strengthening the broker’s global presence and opening up new prospects in developing areas.
Thursday, 03/10/2024 | 11:00 GMT by Arnab Shome
CryptoCurrency

SEC Formally Moves to Appeal $125 Million Fine against Ripple

  • The regulator filed a "notice of appeal" against the decision of Judge Analisa Torres.
  • Ripple’s Chief Legal Officer called the appeal “disappointing, but not surprising.”
Thursday, 03/10/2024 | 08:22 GMT by Arnab Shome
Executive Moves

26 Degrees’ EMEA Commercial Chief Departs 2 Weeks after Regional CEO’s Exit

  • Lochlan White, who was associated with Gavin White-led 26 Degrees for 11 years, has joined Scope Prime.
  • 26 Degrees is yet to name its new Cyprus office CEO and CCO.
Thursday, 03/10/2024 | 07:38 GMT by Arnab Shome
Retail FX

Demo Account Prop Trading Platforms Do Not Need Authorisation: Czech Regulator

  • The Czech National Bank published a Q&A on its website clarifying the regulatory stance on demo account prop trading.
  • responding Finance Magnates' queries earlier, the regulator also stated that some prop trading models might fall under the MiFID framework.
Thursday, 03/10/2024 | 05:51 GMT by Arnab Shome
Retail FX

Saxo Expands Offerings for “Buy-and-Hold Investors”: Launches SaxoInvestor in the UK

  • The new platform offers various instruments, including stocks, ETFs, bonds, and mutual funds.
  • It is offering low commissions and 0.25 percent FX fees.
Wednesday, 02/10/2024 | 08:07 GMT by Arnab Shome
CryptoCurrency

Bitwise Creates an XRP ETF Trust: Will There Be Another Crypto ETF?

  • The trust has been registered in the state of Delaware.
  • Bitwise, which already offers Bitcoin and Ether ETFs, confirmed the legitimacy of the trust.
Wednesday, 02/10/2024 | 06:20 GMT by Arnab Shome
Retail FX

ASIC's Final Decision against CFDs Broker Prospero Markets: Cancels License

  • The regulator suspended the broker's AFS license last December.
  • The broker is currently under liquidation.
Wednesday, 02/10/2024 | 05:03 GMT by Arnab Shome
Institutional FX

LMAX Group Enters FX Swaps with FX HedgePool Acquisition

  • FX HedgePool offers institutional swaps matching services.
  • FX swaps account for 51% of total daily FX turnover, with a turnover of $3.8 trillion per day.
Tuesday, 01/10/2024 | 08:40 GMT by Arnab Shome
FinTech

Exclusive: Ebury Starts Offering Payments Services to FX and CFDs Brokers

  • The platform already has more than 20 FX and CFDs brokerage clients.
  • It also established a Cyprus office last November.
Tuesday, 01/10/2024 | 08:02 GMT by Arnab Shome
Retail FX

Blueberry Drops “Markets” in Latest Rebranding Push

  • The broker is now known simply as Blueberry.
  • Several other brokers, including Admirals, Taurex, and Scope, have also rebranded.
Monday, 30/09/2024 | 09:50 GMT by Arnab Shome
FinTech

PayPal Expands in China: Seeks a Piece of the $331 Billion Industry

  • The American payments giant has launched a new “all-in-one” payment platform for Chinese merchants.
  • Chinese merchants can easily reach over 400 million active PayPal users and billions of international consumers.
Monday, 30/09/2024 | 08:06 GMT by Arnab Shome
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