The companies, products and regulatory developments shaping the broker industry.
Parsing MiFIR Article 39a and ESMA’s German transitional notice defines which order-flow payments fell within the temporary exemption and why a German licence alone did not cover foreign-domiciled clients.
Germany’s regulator sanctioned Amundi for a supervisory-duty failure linked to delayed voting-rights notifications in 2025; the public notice does not identify issuers or all missed thresholds.
German supervision reduces flatexDEGIRO’s group Pillar 2 requirement to 1.50%, while lifting a separate bank-specific surcharge; neither figure represents its total regulatory capital ratio.
Finanzen invest adds Tradegate BSX access for its client base; routing choice and execution quality still need to be judged at individual-order level.
The German supervisor has issued a final order to cease and wind down deposit-taking, separating a permission failure from a general ruling on all brokerage activities.
Huddlestock and Gigabroker have replaced earlier September and October targets with a late-November plan for a simultaneous iOS, Android and web launch, while final stability and load testing continues.
Its full H1 report adds all seven country rates and a separate loss comparison, which the broker explicitly describes as observational rather than causal.
Changed technical requirements have prompted a revised timetable, while the bank’s continuing duties to detect and investigate suspicious activity remain in place.
Regulatory quoting duties and commercial liquidity agreements follow separate tracks, giving trading firms two sets of obligations to assess during an incident.
The action concerns supervisory controls during the takeover-offer period in May and June. The fine was imposed on 15 October and disclosed on 20 October; Nomura can appeal.
The proposed European service would put wallets and private keys inside a bank custody relationship, covering asset storage and transfers for eligible professional clients.
Participating savings-bank customers can open a Deka crypto account in their existing app. The service uses bank-managed custody and time-limited quotes, with outbound transfers restricted to specified service providers.