In a move set to revolutionize proprietary trading (prop trading) offerings for regulated brokers, Muinmos, a pioneering RegTech firm, has partnered with Brokeree Solutions, a leading provider of innovative trading technology. This strategic collaboration aims to introduce enhanced risk management, compliance, and operational efficiency to the prop trading landscape, providing brokers with the necessary tools to offer stable and legitimate prop trading services.
As the prop trading industry faces increased scrutiny due to regulatory challenges and negative perceptions, both Muinmos and Brokeree Solutions seek to shift the narrative. The partnership leverages Muinmos’ industry-leading client onboarding and compliance automation platform alongside Brokeree’s Prop Pulse technology, an advanced account management solution. This combined offering enables brokers to mitigate risk, maintain compliance, and deliver a seamless prop trading experience to their clients.
The proprietary trading model has long been seen as a double-edged sword in the world of finance. On the one hand, it offers regulated brokers an opportunity to create new revenue streams by trading using their own capital or client funds, but on the other hand, it comes with reputational risks, especially in cases where firms fail to comply with regulations or fail to manage risks effectively. This partnership between Muinmos and Brokeree aims to address these challenges head-on.
Remonda Kirketerp-Møller, Founder & CEO of Muinmos, shared her insights on the partnership: “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.”
Prop Pulse—Brokeree’s latest innovation—integrates with Muinmos’ compliance platform, ensuring a seamless flow between client onboarding and real-time compliance checks, account management, and risk monitoring. The unified platform provides brokers with a comprehensive solution that not only enables them to enter the prop trading space but also ensures they maintain strict regulatory adherence and risk mitigation at all times.
With growing regulatory oversight in global financial markets, the partnership between Muinmos and Brokeree Solutions could not have come at a more opportune time. Increasingly, brokers are required to navigate complex regulatory environments to ensure their trading activities remain compliant, and failure to do so can result in significant penalties or reputational damage.
Andrey Kamyshanov, Co-Founder and Managing Partner at Brokeree Solutions added: “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”.
Empowering Regulated Brokers with Comprehensive Prop Trading Solutions
Brokeree Solutions and Muinmos are both committed to driving ethical practices within the financial services industry. The partnership reflects their shared belief in the value of compliance and the importance of working closely with regulators to ensure that the appropriate controls are in place without stifling legitimate financial activities. By integrating their offerings, the two companies provide a holistic solution that enables brokers to focus on growth, confident in the knowledge that their operations meet the highest standards of compliance and risk management.
A Strong Client Base and Proven Expertise
Both Muinmos and Brokeree Solutions boast a solid client base of regulated brokers around the world, and the combined power of their technologies will provide these clients with an unparalleled solution for prop trading. The collaboration also marks an important step in denouncing bad actors in the industry, as both firms advocate for transparency, compliance, and trustworthiness in trading operations.
This partnership is not just about delivering a new product to the market; it’s about reshaping the way brokers approach proprietary trading. By offering a solution that integrates compliance, risk management, and account management seamlessly, Muinmos and Brokeree Solutions are setting a new standard for the industry.
About Brokeree Solutions
Founded in 2013 in Tallinn, Estonia, Brokeree Solutions has built a reputation as a leading technology provider for brokers. The company is known for its cutting-edge products, including its flagship Social Trading and PAMM (Percentage Allocation Money Management) systems, which empower brokers to enhance their trading operations and deliver superior client experiences. With over a decade of experience in the financial technology sector, Brokeree Solutions continues to innovate with its latest addition, Prop Pulse—an account management solution specifically designed for proprietary trading and trader funding firms. This advanced platform provides brokers with the necessary tools to successfully navigate the proprietary trading landscape. For more information, visit www.brokeree.com.
About Muinmos
Founded in 2012, Muinmos has transformed the client onboarding process with its revolutionary platform, which offers the only TRUE STP (Straight Through Processing) solution in the market. By automating the entire onboarding chain, Muinmos’ platform seamlessly integrates regulatory classification, KYC (Know Your Customer), KYB (Know Your Business), and client risk assessment (CRA) into a single, streamlined process. The platform not only ensures compliance but also accelerates onboarding, enabling brokers to onboard both individual and corporate clients in a matter of minutes.
Muinmos’ platform, which is ISO 27001:2022 certified and GDPR compliant, also includes ongoing monitoring (pKYC) and ensures that brokers can scale their operations while maintaining the highest standards of compliance. For more information, visit www.muinmos.com.
