- A Strategic Extension in Retail FX
- A Flourishing Sector with No Regulation
- Possible Regulatory Developments
Markos Kashiouris, the mind behind the established brokerage firm IronFX, has launched a proprietary trading platform named Ultimate Traders. This venture marks his significant foray into the retail trading sector.
A Strategic Extension in Retail FX
Founded in February 2023 and registered in the UK, Ultimate Traders Evaluation Ltd is the corporate face behind this new initiative. Kashiouris holds a dominant share of more than 75%, underlining his commitment and key role in the evolving landscape of proprietary trading.
A Flourishing Sector with No Regulation
The proprietary trading sector operates currently without specific regulatory oversight, allowing companies to rapidly grow and innovate in trading technologies and platforms. The quick market entry and operational flexibility have attracted numerous players, including heavyweights like OANDA and Axi.
Possible Regulatory Developments
As with any burgeoning sector, proprietary trading is drawing the attention of regulators keen on overseeing its development and setting standards to ensure a safer trading environment for both operators and participants. Future regulatory frameworks can be expected.
Markos Kashiouris's venture into proprietary trading with the Ultimate Traders platform underscores his expanding influence in the financial sector and signals potential regulatory changes in the market.
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