The new year 2025 rang in with quite a number of senior executive moves as FX and CFDs industry companies begin to act on new-year strategic plans – and as executives collect end-of-year bonus checks and move on.
We also saw the launch of ATFX’s new prop trading brand, a large fine handed out to Saxo Bank, some interesting new partnerships and tech implementations, sports sponsorships, and a whole lot more.
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
ATFX launches prop trading arm ATFunded. Leading global online trading provider ATFX has announced that it has formally launched its in-house prop trading offering, called ATFunded, at website atfunded.com. We had reported back in October that ATFX was planning to enter the prop trading space, with the new initiative closely linked with ATFX’s existing brokerage operations.
AFM fines Saxo Bank €1.6M. The Netherlands Authority for the Financial Markets (AFM) has imposed three fines totalling €1.6 million on Saxo Bank A/S. The fines were imposed for violations by BinckBank N.V., a broker that offered online investment services and was acquired by Saxo Bank in 2019. An AFM investigation has shown that BinckBank acted in violation of the rules for asset segregation, risk management and careful customer treatment during the migration to Saxo Bank.
Pepperstone inks multi-year sponsorship of Aston Martin Aramco F1. Leading Australia based Retail FX and CFDs brokerage group Pepperstone has announced a new, multi-year partnership with the Aston Martin Aramco Formula One Team, as their Official Global Trading Partner. The Pepperstone car branding will debut on the AMR25 when it is launched ahead of the 2025 F1 season.
Brokeree Social Trading integrates with cTrader. Brokeree Solutions, a global provider of technology solutions for multi-asset brokers, has announced that the company has expanded its multi-platform product portfolio by integrating its Social Trading solution with Spotware’s popular cTrader trading platform. Brokeree’s Social Trading extends the built-in cTrader functionality facilitating brokers with cross-server signal sharing across MT4, MT5, and cTrader servers.
Top FX industry executive moves reported at FNG this week
❑ Exclusive: Nick Jay joins CFDs broker TIOMarkets as COO.
❑ Exclusive: Equiti Group hires DFM’s Navin Dsouza as COO of its Digital Assets & Gold unit.
❑ Exclusive: ActivTrades / Admirals alum Juan E. Cadiñanos joins NAGA as Head of Europe and Education.
❑ Exclusive: Spark Systems COO Jason Wang Kee Huat joins Digital Vega FX.
❑ Exclusive: BlackBull Markets EU Director Kyriaki Iacovou departs.
❑ Exclusive: PrimeXM relationship management head Stefan Popivoda leaves.
❑ Exclusive: ADSS Head of Product Bernardas Baciulis departs.
❑ Andreas Andreou joins INGOT Brokers as CSO.
❑ Exclusive: oneZero Financial head of partnerships Phil Weisberg departs.
❑ Fullerton Markets’ Sales and BizDev head Tim Sim leaves for MH Markets.
❑ Chris Twort expands his role as Head of Trading across iSAM Securities.
