MetaTrader 5 AI Assistant Becomes a QA Engineer for Trading Bots

Foreign exchange is taking a smaller share of retail brokers' overall trading volume, with the shift away from FX among the headline developments in the day's industry roundup. The same recap also flagged a new office for Your Bourse in Kuala Lumpur and a redesign of Brokeree's PAMM system.

Your Bourse, a trading technology provider, has opened a new office in Kuala Lumpur, extending its presence in Asia. Brokeree, meanwhile, has rolled out a redesigned version of its PAMM system, the allocation tool used by brokers to manage multiple money managers and their investors from a single account structure.

Wider industry developments

The roundup also covered a series of moves beyond the broker-liquidity space. Nasdaq has invested $100 million in Payward, the parent company of crypto exchange Kraken. OpenAI is building a finance-focused version of ChatGPT. Fake news is being cited as a driver of financial scams, and the CFTC is weighing where the line falls between prediction markets and sportsbooks.

On the retail broking side, IG is preparing hundreds of layoffs, Valutrades has paused onboarding for CFD clients, and CMC Markets is expanding overnight trading in US shares.

Separately, the Financial Commission is moving into the mediation of retail proprietary trading disputes. In a conversation with Adonis Adoni, Financial Commission COO Nikolai Isayev discussed how the organisation handles trader complaints and why its latest figures show a 1:3 win-loss ratio in favour of brokers. The discussion also covered consumer risks around prop trading, whether the sector belongs under financial or gaming regulation, the organisation's new prop trading certification, how it screens firms for fake certificates and scam operators, and what happens when a firm refuses to honour a decision. Prop trading continues to sit in a regulatory grey area, leaving open the question of who protects traders when disputes arise.