The retail forex broker love affair with sports sponsorships and brand ambassadors continues, with the latest firm jumping on board being Dublin based AvaTrade, which has introduced legendary sprinter Usain Bolt as its new Brand Ambassador. This is actually not Usain Bolt’s first foray into retail forex – while he was still active as a…
Financial market infrastructure company TP ICAP (LON:TCAP) has released a Trading Update for the first half of 2021, which CEO Nicolas Breteau characterized as reflecting “challenging trading conditions, caused by the combination of very quiet secondary markets and the ongoing disruption from COVID-19.” TP ICAP reports revenues in four divisions: Global Broking; Energy & Commodities;…
Read More “TP ICAP 1H-2021 revenues down 1% YoY in “challenging trading conditions”” »
FNG Exclusive… FNG has learned that FX broker tech and connectivity provider FXCubic has hired Dubai based Mounir Fallah as its new Middle East representative, with its sights clearly set on expanding in the MENA region. Mounir Fallah had been involved the past four years with UAE based offshore Retail FX broker FXQuantum. He has…
Read More “Exclusive: FXCubic adds Mounir Fallah as its Middle East rep” »
After canceling a required shareholder vote in mid July to approve the sale of its Financials division Finalto, online gaming tech provider Playtech (LON:PTEC) has now announced that it has reset the vote for August 18. Playtech canceled the vote on the agreed-upon sale of Finalto – which includes Playtech’s forex/CFDs B2B business alongside the…
Read More “Playtech resets Finalto sale shareholder vote, calling competing offer “uncertain”” »
In a year which has been anything but normal, some normalcy has returned to the institutional FX trading market. The normally slow summer months look like they will be – normally slow! Following a very strong but up-and-down first half of the year for leading institutional eFX venues, trading volume data for July show a…
Read More “Institutional FX trading volumes show summer weakness in July, down 4%” »
FNG Exclusive… FNG has learned that longtime Blackwell Global COO Alexandros Kritiotis has resigned his position at the company. The Cyprus based Mr. Kritiotis had been with Blackwell Global since 2012, and was named COO in 2016. He also served as a director at the parent FCA regulated entity, Blackwell Global Investments (UK) Limited. Founded…
Read More “Exclusive: Blackwell Global COO Alexandros Kritiotis resigns” »
London based alternative stock exchange operator Aquis Exchange, formally known as NEX Exchange, has announced that its core Aquis Exchange division – the secondary market multilateral trading facility (MTF) businesses for European, UK and Swiss large caps – has achieved a monthly market share of pan-European trading of 6.2% in July 2021, a new record…
Read More “Aquis Exchange hits record 6.2% Europe equity trading market share” »
FNG Exclusive… The defections at UAE retail FX broker ADSS continue. FNG has learned that longtime Abu Dhabi based ADSS executive Tarek Nabil has left the company, and joined Capex.com as COO of its UAE operation, Key Way Markets Ltd. Tarek Nabil had been with ADSS for 11 years, in a variety of senior sales…
Read More “Exclusive: ADSS exec Tarek Nabil moves to Capex.com as UAE COO” »
FNG Exclusive… It looks like big things are planned at Trading 212. FNG has learned via regulatory filings that FCA regulated online brokerage firm Trading 212 UK Limited has raised an additional £13.75 million (USD $19 million) of capital from its controlling shareholders Borislav Nedialkov and Ivan Ashminov. The latest capital raise, made at the…
Read More “Exclusive: Trading 212 shareholders pump in another £13.75 million of capital” »
New online multi-asset trading brokerage brand Axiance has announced its partnership with Javier Sanz’s Elena Nova yacht in the 39th edition of the prestigious Copa del Rey de Vela regatta at the Real Club Nautic in Palma de Mallorca. As a brand that sees the environment and sustainability as strategic priorities, Axiance said it believes…
Read More “New FX/CFDs brand Axiance sponsors Copa del Rey de Vela yacht” »
