In early 2023, Finalto announced the launch of its ODP liquidity solution.Finalto SA remains one of only a handful of financial institutions in South Africa to be licensed for ODP (OTC Derivatives) - providing clients with the assurance that any over-the-counter (OTC) business conducted using Finalto's trading system will be fully regulation and compliance.

As South Africa's Financial Conduct Authority (FSCA) becomes more vigilant in penalising Financial Service Providers (FSPs) for breaching the restrictions of the Financial Markets Regulation, Finalto wants to re-emphasise its leadership as a market maker for the South African market. Since the introduction of the Financial Markets Regulation (FMA) in 2016, South Africa's financial regulator has not been shy about penalising institutions that continue to offer derivatives trading without proper due diligence or licensing.

On 28 March 2024, the FSCA issued a formal warning to 14 specific FSPs that were offering a range of derivatives trading options to their clients without a licence, asking traders to "exercise caution when conducting financial services business". 

In light of these regulatory warnings, Finalto reaffirms its position as a fully licensed and compliant market maker that continues to strive to ensure reliability and excellence.Finalto South Africa CEO, Dany Mawas, commented, "It is critical that financial service providers remain compliant in light of the evolving South African ODP requirements. We are mindful of the recent penalties imposed by the FSCA for unauthorised off-market activities and compliance is not something that can be compromised."

In addition to a strong commitment to compliance, Finalto can offer over 20 years of FinTech experience and expertise across multiple regulated jurisdictions worldwide. Finalto remains one of the leading forces in financial services technology innovation and excellence for FSPs seeking trusted and sophisticated derivatives liquidity solutions.