The companies, products and regulatory developments shaping the broker industry.
The proposed Banco Travelex acquisition would expand StoneX’s Brazilian banking and institutional FX business, not acquire Travelex’s retail stores. Competition clearance is a separate milestone from closing, while pre-deal Payments figures show volume growing faster than revenue.
B3’s published December-to-June retail ETF balances imply 30.5% growth. A separate 62% annual figure requires a different starting balance; the R$126bn wider market stock measures another population.
The Brazil acquisition adds local collection and payout rails, but GoMoney is operating under a transitional regime rather than holding the final BCB authorisation it has applied for.
A 26 October trading record underscores demand for offshore BRL hedging outside Brazilian trading hours, with notional value explicitly separated from exchange income.
OSL Brasil has filed a PSAV application with Brazil’s central bank; the filing is not a licence and does not establish that the authority has approved operations.
Responsible directors hold master access to Brazil’s new intermediary system. Existing delegations must be recreated, while registration-update and annual confirmation duties continue.
The unaudited update combines faster customer acquisition with a narrower EBITDA margin. Planned US and Brazilian expansion remains conditional.
The conditional deal adds local licences and market access, but product rollout remains dependent on completion and implementation.
Investors’ money passed through personal accounts before reaching a broker, complicating the apparent ownership trail.
CVM’s programme allows experiments across the securities lifecycle, including combined trading and settlement roles. Its admission process and regulator access requirements will shape the testing work.
CVM’s rules connect investment due diligence with the central bank’s credit database. They also distinguish existing fund-administrator reporting duties from the transition granted to already registered securitisers.
The conditional purchase would add a Brazilian broker-dealer for local stocks, futures, options and fixed income. It complements Plus500’s existing Nelogica route to US futures and would be funded from group cash.