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Muinmos and Brokeree Solutions partner to support prop trading firms

RegTech firm, Muinmos and tech provider Brokeree Solutions have partnered to bring more stability and legitimacy to prop trading for regulated brokers.

The two firms will be leveraging their combined offering for clients, enabling FX brokers to have a legitimate prop trading offering, with account management and risk mitigation controls through Brokeree’s Prop Pulse technology and ensuring compliance through Muinmos’ client onboarding platform.

Remonda Kirketerp-Møller, Founder & CEO, Muinmos: “The conversation around prop trading is highly negative these days, but for regulated brokers who have the right controls and risk management in place, prop trading presents an excellent opportunity for an additional revenue stream. We have joined forces with Brokeree to help regulated brokers provide a trustworthy prop trading offering and jointly combat negative practices in this sector. Our combined offering enables the firms to offer a compliant and at the same time competitive prop trading option.

Brokeree and Muinmos both have a strong client base of regulated brokers, and we both share the same ethos –  we are advocates of compliant trading, and denouncers of bad actors in the industry. We both believe in working with regulators to ensure that the right controls are in place without limiting legitimate financial activities. We believe there’s a real opportunity here for brokers and want to jointly support them to embrace prop trading appropriately.”

Andrey Kamyshanov, Co-Founder and Managing Partner at Brokeree Solutions: “We are very aware that many regulated brokers are concerned that their reputation will be tarnished if they offer prop trading. With Muinmos’ compliance expertise and Brokeree’s account management system for prop trading firms, regulated brokers can be reassured that they will have a robust offering to enable them to thrive now and as regulation is inevitably introduced”.

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