Which business unit did IG Group just sell to Kraken for $100 million? And why?
What belonging to CFDs brokerage operator Doo Group got hacked?
Which country is laying down new rules and restrictions for Turbo certificate trading?
Who is the new CEO of Eightcap UK?
Some of the most read and commented-on FX/CFD industry news stories to appear over the past seven days on FNG included:
Top FX and CFDs industry news stories this week
IG Group closes sale of Small Exchange to Payward. Online trading major IG Group Holdings plc (LON:IGG) has announced that it has completed the sale of Small Exchange Inc to Payward Inc, the parent company of the crypto exchange Kraken. The transaction values Small Exchange at $100.0 million (£74.9m), with the consideration comprising $32.5m (£24.3m) in cash and $67.5m (£50.6m) in Payward stock. Under the terms of the deal, IG will enter into a partnership agreement with Kraken which includes distributing the new exchange’s products.
Doo Group Instagram account hacked. Retail FX and CFDs brokerage operator Doo Group has announced that it discovered that the Doo Group official Instagram account (formerly @doo_group) had been illegally accessed by an unidentified individual, with the account name and information maliciously altered. The episode marks the latest in a series of setbacks for Doo Group, and its D Prime offshore CFDs brokerage brand.
Germany’s BaFin intervenes in Turbo certificates trading. Following a warning made earlier this year that it planned to restrict trading in Turbos as retail losses in the product have topped €3.4 billion, German financial regulator BaFin has announced that it has indeed issued a product intervention measure for Turbo certificates. BaFin’s new Turbo rules will take effect in June 2026.
Hantec Markets hits record $725.5 billion trading volumes in Q3 2025. Retail FX and CFDs broker Hantec Markets has reported its strongest quarter on record in Q3 2025, recording standout growth across trading volumes, new account applications and active clients following recent senior appointments, product rollouts and strategic pivots. According to the company’s reported trading metrics, total notional traded volume in Q3 2025 reached approximately $725.5 billion (or about $242 billion monthly), up ~20% versus Q2 2025 and ~65% compared with Q1 2025.
10 reasons why FinTech companies attend expos and get awards. Trade expos aren’t old-school; they’re high-bandwidth trust and content machines, and a source of inspiration. In a digital world of cold clicks, shaking hands still moves markets. Expos aren’t campaigns – they’re compounding investments in brand equity. You don’t go once to “win.” You show up every year so the market remembers your face when it’s time to choose a partner.
Top FX industry executive moves this week
❑ Exclusive: NAGA Head of Product Maria Evripidou joins XM.com.
❑ MultiBank hires Capital.com alum Dana Massey as CPGO.
❑ Eightcap names Ollie Rosewell as UK CEO.
❑ UBS appoints Daniele Magazzeni as Chief AI Officer.
❑ Tradeweb names Rich Chun its Managing Director, Head of Asia.
❑ HKEX appoints Phillip Wu as Managing Director, Head of Trading Operations.
