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
Five securities pulled down the NASD Over-the-Counter (OTC) Securities Exchange by 1.72 per cent on Friday, August 14, cutting the market capitalisation by N47.04 billion to N2.689 trillion from N2.727 trillion, and slicing the NASD Security Index (NSI) by 78.37 points to 4,465.83 from 4,532.03 points.
11 Plc led the price decliners yesterday after its price went down by N15.03 to N230.00 per share from N245.03 per share. MRS Oil Plc weakened by N13.20 to N118.80 per unit from N132.00 per unit, Central Securities Clearing System (CSCS) Plc slid by N10.30 to N99.46 per share from N109.76 per share, Okitipupa Plc fell by N6.99 to N270.01 per unit from N277.00 per unit, and Afriland Properties Plc dipped by N2.00 to N20.00 per share from N22.00 per share.
Business Post reports that the OTC securities exchange recorded four gainers during the session, led by FrieslandCampina Wamco Nigeria Plc, which appreciated by N9.85 to N169.85 per unit from N160.00 per unit. IPWA Plc gained 70 Kobo to close at N10.41 per share versus N9.71 per share, Industrial and General Insurance (IGI) Plc rose by 4 Kobo to 54 Kobo per unit from 50 Kobo per unit, and Geo-Fluids Plc improved by 1 Kobo to N2.06 per share from N2.05 per share.
The volume of trades soared by 64.8 per cent to 3.2 million units from the previous session’s 1.9 million units, the value of transactions jumped by 78.2 per cent to N375.7 million from N210.8 million, and the number of deals surged by 35.3 per cent to 46 deals from 34 deals.
Great Nigeria Insurance (GNI) Plc was the most traded stock by value on a year-to-date basis, with 3.4 billion units valued at N8.4 billion, followed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units sold for N6.5 billion, and CSCS Plc with 79.0 million units exchanged for N5.7 billion.
GNI Plc also closed the day as the most traded stock by volume on a year-to-date basis, with 3.4 billion units worth N8.4 billion, followed by Infracredit Plc with 2.3 billion units transacted for N6.5 billion, and Resourcery Plc with 1.1 billion units traded for N415.7 million.
By Dipo Olowookere
The dominance of the bears on the Nigerian Exchange (NGX) Limited was consolidated on Friday, after further inflicting an 0.12 per cent loss at the close of trading activity.
All the key sectors of the local stock market turned red yesterday as a result of sustained profit-taking, though the industrial goods space was flat.
The insurance counter lost 1.49 per cent, the energy index shed 0.63 per cent, the consumer goods segment declined by 0.46 per cent, and the banking sector tumbled by 0.23 per cent.
Consequently, the All-Share Index (ASI) retreated by 398.18 points to 242,619.20 points from 243,017.38 points, and the market capitalisation receded by N257 billion to N156.624 trillion from N156.881 trillion.
Fortis Global Insurance lost 9.31 per cent to trade at N2.63, Omatek depreciated by 9.04 per cent to N1.51, John Holt slipped by 9.00 per cent to N9.10, RT Briscoe slumped by 7.94 per cent to N11.60, and Dangote Sugar went down by 7.79 per cent to N64.55.
But International Energy Insurance gained 9.92 per cent to sell for N5.32, Trans-Nationwide Express appreciated by 9.65 per cent to N2.84, Guinea Insurance improved by 6.67 per cent to 80 Kobo, Regency Alliance grew by 6.25 per cent to 85 Kobo, and Japaul jumped by 5.36 per cent to N2.95.
The market breadth index remained negative, with 30 price losers and 21 price gainers, indicating weak investor sentiment.
The level of activity contracted yesterday, with the trading volume, value, and number of deals down by 66.67 per cent, 10.65 per cent, and 5.60 per cent, respectively.
This was because market participants transacted 1.4 billion shares worth N45.3 billion in 39,134 deals during the session compared with the 4.2 billion shares valued at n50.7 billion traded in 41,454 deals on Thursday.
Fortis Global Insurance was the most active equity for the day, with a turnover of 874.1 million units valued at N2.4 billion, Cornerstone Insurance sold 100.3 million units worth N506.5 million, Universal Insurance traded 56.7 million units for N44.5 million, Sterling Holdings exchanged 53.3 million units worth N402.9 million, and MTN Nigeria transacted 44.6 million units valued at N31.4 billion.
By Adedapo Adesanya
The Naira maintained stability against the United States Dollar in the different segments of the foreign exchange (FX) market on Friday, August 14, according to data obtained by Business Post.
At the Nigerian Autonomous Foreign Exchange Market (NAFEM), the local currency remained unchanged at N1,357.65/$1, but lost N6.05 against the Pound Sterling to trade at N1,840.10 versus the previous session’s N1,834.05/£1, and depreciated against the Euro by N4.70 to sell for N1,571.70/€1 compared with the preceding day’s N1,567.00/€1.
At the black market, the Nigerian currency traded flat against the Dollar at N1,395/$1, but gained N3 at the GTBank forex desk to quote at N1,364/$1 versus Thursday’s exchange rate of N1,367/$1.
Data from the Central Bank of Nigeria (CBN) showed that interbank FX transactions surged by 51.2 per cent to $119.594 million from $79.097 million. These transactions were executed in 137 deals, higher than the 98 deals recorded a day earlier.
FX inflows from exporters, remittances and other sources, alongside demand from importers and individuals requiring Dollars, continue to shape market conditions.
Meanwhile, the cryptocurrency market recovered yesterday after experiencing a downturn in the previous sessions following reports that index provider MSCI has proposed new “non-operating company” screens for its Global Investable Market Indexes. Although the framework does not explicitly target cryptocurrency, it evaluates whether a company’s core operating assets constitute more than 50 per cent of its total holdings.
Heavy digital asset treasury adopters, including Strategy and Metaplanet, fail the proposed criteria and face potential removal during upcoming index rebalancings. While inclusion in major equity benchmarks previously allowed passive index funds and ETFs to automatically acquire these stocks, their removal could trigger forced institutional selling.
Dogecoin (DOGE) grew by 0.7 per cent to $0.07, Binance Coin (BNB) expanded by 0.6 per cent to $611.34, Ethereum (ETH) added 0.4 per cent to trade at $1,879.65, and Bitcoin (BTC) increased by 0.2 per cent to $63,045.87, with Ripple (XRP), the US Dollar Tether (USDT), and the US Dollar Coin (USDC) flat at $1.00, respectively.
But Cardano (ADA) lost 1.2 per cent to trade at $0.1795, TRON (TRX) shed 0.4 per cent to finish at $0.3323, and Solana (SOL) declined by 0.2 per cent to $75.60.
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