iFX LATAM Catch-up: How it went and key points from the expo in Mexico

Author: Ivan Egorov

This April, iFX came to Mexico and brought together an impressive mix of experts, industry professionals, and market players. Tools for Brokers would not miss this exclusive event, and we’ve come back inspired and filled with insights and a better understanding of the LATAM market.

Today, we’re going to share the key takeaways from the expo and cover the topics that were talked about the most during the event.

#1 Money Management solutions are a hit

One of the things that caught our  attention immediately was the high interest in Money Management products. Everyone seems to be looking for a tool that can either generate them money or be provided to their clients for the same purpose. It’s debatable why this is a trend in LATAM countries, but the likely reasoning is that money management services (PAMM) are very popular solutions among inexperienced traders seeking investment opportunities. And a simple yet efficient way to achieve that is by entrusting money to experienced professionals, like Money Managers (MMs), who can greatly boost their earning potential and multiply their investments.

#2 Hedge funds and investment management

LATAM markets have incredible potential. The size of the middle-class and wealthy populations is growing, creating a demand for efficient funds management. Those with disposable income are looking for alternative ways to invest in addition to real estate and are considering the Forex market, along with crypto, CFDs, and other financial instruments. Unsurprisingly, this results in a boom of hedge funds and other forms of investment management organisations that cater to the affluent clients. As a provider of solutions for hedge funds, we were pleasantly surprised to see so much interest and potential in that area.

#3 Diversification of instruments and trading platforms

Just like many others right now, local market players are interested in multiplatform support to offset the risks and expand their services’ potential to clients. However, what we’ve noticed in Mexico is that the brokerages operating in LATAM are taking it a step further by offering multiple asset classes to their clients. This approach is a result of two factors. Firstly, local brokers are looking to minimise their risks of losing clients by providing them with as many services and solutions as possible. Secondly, brokers are looking for ways to attract new clients and stabilise their market position in this newly developing and highly competitive marketplace.

#4 Prop Trading is still going strong

There’s been a lot of ambiguity surrounding the prop trading market lately, with talks about new heavy regulations on the way and prohibiting the model in some countries. Nonetheless, prop trading is still alive and well, and the expo in Mexico demonstrated that many share optimism about its future.

Final thoughts on iFX Mexico 2024

Overall, the TFB team left the expo with the belief that the LATAM region will grow exponentially in the coming years. Similar to Dubai, countries in Latin America are striving to build and enhance their infrastructure for financial institutions, access the best software to level up their operations, and work with regulators to create a safe space for all market players.

There is a lot of interest and even more resources to turn the LATAM region into the next global financial centre, or maybe establish several centres spread out across the continent. TFB is excited to watch it all happen and be an active participant. We’ve been working with clients and partners in Latin America for years, and we’re looking forward to transforming the markets together for years to come.