Economy
FarloFX Signals New Era of Regulated, Scalable Trading for UK, Emerging Markets
By Adedapo Adesanya
As fintech momentum accelerates across Africa and other emerging markets, a new kind of infrastructure is quietly taking shape, one engineered not just for access, but for trust, transparency, and long-term financial integration.
At the heart of this movement is Mr Kenny Farinloye, a UK-trained fintech entrepreneur and market strategist, whose latest venture, FarloFX, aims to redefine how traders from Lagos to Lima participate in global financial markets.
FarloFX, a next-generation digital trading platform currently under development, is being built from the ground up to meet the sophisticated needs of traders in emerging markets. Unlike many offshore platforms that rely on speed without oversight, FarloFX fuses UK-aligned regulatory standards, Tier-1 liquidity partnerships, and mobile-first design into a seamless experience for both retail and semi-professional users.
FarloFX reiterated that this isn’t just a software product; it’s a full-stack infrastructure solution engineered for global interoperability, local resilience, and regulatory clarity.
Mr Farinloye’s recent recognition as an Associate Member (ACSI®) of the Chartered Institute for Securities & Investment (CISI) solidifies his credentials as a global player with a deep alignment to UK financial governance. The CISI, a body that sets the bar for ethics and best practices in the investment profession, serves as an institutional benchmark for financial excellence in the UK and globally.
“My CISI membership is not a vanity metric,” Mr Farinloye explains in a statement shared with Business Post, “It’s an operating philosophy. At FarloFX, we are embedding global standards into the platform’s DNA. We’re not retrofitting compliance, we’re building with it from day one.”
This approach distinguishes FarloFX in a crowded field of high-risk brokers, opaque exchanges, and marketing-driven copy-trading platforms that often dominate the emerging markets space. In contrast, FarloFX offers an execution-first, compliance-rooted trading ecosystem that’s designed to last.
The firm noted that while the product is still in development, it is already gaining momentum. FarloFX has already attracted interest from regional trading communities, financial educators, and fintech partnerships across Africa and Latin America. A growing waitlist of over 3,000 users (Join the waitlist) reflects rising demand for platforms that balance accessibility and credibility, especially in regions where inflation, currency instability, and cross-border payment challenges are part of daily life.
The development team is currently finalizing integrations with FCA-authorised Appointed Representatives (ARs) and UK-based Electronic Money Institutions (EMIs), allowing FarloFX to facilitate low-latency execution and cross-border transactions that comply with both local needs and international law.
With a hybrid compliance model and Tier-1 liquidity sourced from London, Africa and continental Europe, FarloFX says it is shaping up to become a trusted gateway between global financial markets and frontier economies.
The timing couldn’t be more strategic as emerging markets are entering a new era of digitised participation in global finance. However, systemic challenges remain as lack of regulation, poor infrastructure, limited payment interoperability, and volatile pricing environments act as barriers.
Despite this, retail investor interest in forex, commodities, and synthetic markets is surging. In Nigeria, Kenya, Ghana, Brazil, Vietnam, and the Philippines, new traders are flooding into Telegram groups, YouTube channels, and trading apps, but most lack access to platforms that offer transparent pricing, localized support, or regulated backing.
FarloFX sees this not as a problem to exploit, but as an ecosystem to upgrade.
“There are 100 million traders coming online in the next decade from emerging markets,” Mr Farinloye said, adding that “They need platforms they can trust, tools that help them grow, and infrastructure that protects them from fraud, latency, and broken systems.”
With features like copy trading, on-chain analytics, multi-language onboarding, and eventually educational modules and compliance dashboards, FarloFX aims to become the central trading hub for a digitally connected, financially ambitious generation.
In addition to leading FarloFX, Mr Kenny Farinloye is also the Co-Founder of 1.2 Capital, a New York-based hedge fund and digital asset infrastructure firm he runs alongside Sebastian Purcell. This dual-track leadership gives him a unique ability to connect the dots between institutional capital markets and the realities of grassroots user behaviour in emerging economies, bridging two worlds that often operate in silos.
From London to Lagos, Kenny’s work reflects a growing class of African-born, globally trained fintech builders who are not only creating platforms but setting the regulatory tone for the next wave of digital finance.
Industry observers believe this is only the beginning. As global liquidity seeks new markets and infrastructure gaps widen across frontier economies, solutions like FarloFX represent a leap forward, not only technologically, but ethically.
FarloFX will roll out in phases, beginning with closed beta testing in selected markets. The company is also working on a series of strategic partnerships with regional fintechs, educational networks, and payment aggregators to ensure it can deliver both high-end functionality and grassroots access.
The long-term ambition is clear: to become the dominant digital trading ecosystem for emerging markets, not through hype or shortcuts, but by creating infrastructure that connects local users to global liquidity with precision, speed, and trust.
As digital finance continues to decentralize and democratize, FarloFX stands at the intersection of global regulatory sophistication and emerging market pragmatism, a rare place and an important one.
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange extended its stay in the south territory with a decline of 0.56 per cent on Wednesday, April 2.
This brought down the market capitalisation by N13 billion to N2.417 trillion from N2.430 trillion, and downed the NASD Unlisted Security Index (NSI) by 22.57 points to 4,062.87 points from the previous session’s 4,062.87 points.
It was observed that the NASD exchange ended with three price gainers and three price losers during the trading day.
MRS Oil Plc depreciated by N19.00 to close at N171.00 per unit compared with the previous price of N190.00 per unit, NASD Plc lost N4.14 to trade at N37.36 per share compared with Wednesday’s N41.50 per share, and Central Securities Clearing System (CSCS) Plc gave up N2.00 to sell at N78.00 per unit versus N80.00 per unit.
On the flip side, FrieslandCampina Wamco Nigeria Plc appreciated by 19 Kobo to N93.00 per share from N92.81 per share, Food Concepts Plc expanded by 15 Kobo to N2.87 per unit from N2.72 per unit, and Great Nigeria Insurance (GNI) Plc improved by 2 Kobo to 52 Kobo per share from 50 Kobo per share.
Yesterday, the volume of securities dipped by 91.8 per cent to 260.2 million units from 3.2 billion units, the value of securities went down by 98.1 per cent to N154.2 million from N8.3 billion, while the number of deals soared by 53.3 per cent to 46 deals from 30 deals.
GNI Plc was the most active stock by value on a year-to-date basis with 3.4 billion units worth N8.4 billion, followed by CSCS Plc with 56.9 million units valued at N3.9 billion, and Okitipupa Plc with 27.5 million units traded for N1.8 billion.
The most traded stock by volume on a year-to-date basis was also GNI Plc with 3.4 billion units sold for N8.2 billion, trailed by Resourcery Plc with 1.1 billion units exchanged for N415.7 million, and Infrastructure Guarantee Credit Plc with 400 million units transacted for N1.2 billion.
By Adedapo Adesanya
The Naira dropped N2.09 or 0.15 per cent against the United States Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Thursday, April 2, to trade at N1,380.79/$1 compared with Wednesday’s rate of N1,378.70/$1.
However, it appreciated against the Pound Sterling in the official market by N2.77 to quote at N1,824.86/£1 versus the N1,836.57/£1 it was traded at midweek, and improved its value against the Euro by N10.54 to N1,591.92/€1 from N1,602.46/€1.
Yesterday was the last trading session of the week for the local currency in the spot market, as the market will be closed on Friday and Monday for the Easter Holiday.
At the black market, the Nigerian Naira maintained stability against the greenback yesterday at N1,405/$1, but gained N8 at the GTBank FX counter to settle at N1,388/$1, in contrast to the previous session’s N1,396/$1.
Pressure eased on the domestic currency as strong policy indicators have helped calm the majority of worries within the financial systems. Particularly in the remittance segment, the apex bank has directed all International Money Transfer Operators (IMTOs) to route remittance transactions through designated Naira settlement accounts in banks, a move aimed at boosting transparency and channelling more foreign exchange into the formal market.
This helps take off pressure from the foreign reserves, which have fallen below the $50 billion mark as they are gradually decreasing rather than falling sharply.
Meanwhile, the cryptocurrency market was bullish on Thursday, as macro sentiment shifted against recent optimism after reports that Iran is drafting a protocol with Oman to manage traffic through the Strait of Hormuz, easing concerns about disruptions to a key global oil route.
The remarks came after U.S. President Trump on Wednesday night vowed to hit Iran “extremely hard” in the coming weeks and that the Strait of Hormuz would “open naturally” once the war ends.
Cardano (ADA) chalked up 1.9 per cent to trade at $0.2435, Dogecoin (DOGE) grew by 1.2 per cent to $0.0912, Ethereum (ETH) appreciated by 0.8 per cent to $2,066.37, Bitcoin (BTC) added 0.5 per cent to sell at $67,080.53, Solana (SOL) increased by 0.5 per cent to $79.91, and Ripple (XRP) jumped 0.2 per cent to $1.31.
Conversely, Binance Coin (BNB) dipped 0.7 per cent to $586.90, and TRON (TRX) depreciated by 0.3 per cent to $0.3147, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) closed flat at $1.00 each.
By Dipo Olowookere
The local stock market was relatively flat on Friday, as the bears and the bulls shared the spoils of war, though investor sentiment turned bullish compared with the preceding session’s bearish posture.
Data from the Nigerian Exchange (NGX) Limited showed that the All-Share Index (ASI) was marginally down by 4.66 points as it ended at 201,698.89 points versus Wednesday’s 201,703.55 points, and the market capitalisation slightly contracted by N3 billion to N129.806 trillion from N129.809 trillion.
Customs Street was shut on Friday because of the public holidays declared by the federal government today and next Monday.
Business Post reports that John Holt declined by 9.91 per cent to N15.45, Abbey Mortgage Bank shed 9.60 per cent to trade at N8.95, International Energy Insurance slipped by 6.48 per cent to N3.32, Chams shrank by 5.30 per cent to N3.75, and Tantalizers depreciated by 5.18 per cent to N4.03.
On the flip side, Unilever Nigeria improved by 10.00 per cent to N103.40, Fortis Global Insurance gained 9.82 per cent to trade at N1.23, Multiverse appreciated 9.81 per cent to N20.15, Legend Internet advanced by 9.38 per cent to N6.30, and Zichis grew by 9.02 per cent to N14.14.
The market breadth index was positive during the trading session, as there were 35 appreciating stocks and 24 depreciating stocks.
Yesterday, investors traded 560.0 million equities valued at N19.3 billion in 49,676 deals, in contrast to the 815.5 million equities worth N33.3 billion transacted in 52,641 deals in the preceding day, representing a drop in the trading volume, value, and number of deals by 31.33 per cent, 42.04 per cent, and 5.63 per cent, respectively.
Secure Electronic Technology dominated the activity log with 59.7 million shares valued at N61.1 million, Wema Bank exchanged 52.0 million equities worth N1.4 billion, VFD Group transacted 36.0 million stocks for N410.5 million, Access Holdings sold 35.3 million shares valued at N914.8 million, and Chams traded 31.0 million equities worth N115.0 million.
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