Who did social trading focused online broker eToro hire to lead its IPO? Where will eToro go public? Valuation?
Which founder, and longtime CEO of the Forex.com and City Index brands, is leaving the company after more than 20 years at the helm?
Who emerged victorious in the takeover battle for Australia based low cost trading platform company SelfWealth?
Where is FxPro domiciling its new offshore banking arm, BankPro?
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
eToro hires Goldman Sachs to lead IPO in 2025. Israel based, social trading focused online broker eToro has apparently hit the “go” button on its IPO plans, hiring investment bankers toward a planned initial public offering of the company in the US. Which investment bank was tapped to lead eToro’s IPO? Timing? Valuation? We explain.
Glenn Stevens leaving Forex.com, Philip Smith becomes StoneX CEO. Institutional broker StoneX Group has announced a series of changes to its executive management team, which will see the departure of the head of its retail brokerage division Glenn Stevens, as well as a new CEO for the overall company. Who did StoneX name as a replacement for Glenn Stevens, to run the company’s Forex.com and City Index retail brokerage brands?
Bell Financial outbids Axi for Australia low-cost trading platform SelfWealth. Australia brokerage firm Bell Financial has apparently outbid leading Australian online broker Axi, after a brief bidding war broke out to acquire SelfWealth – which bills itself as Australia’s most popular low-cost trading platform. How much is Bell Financial paying for SelfWealth? What are SelfWealth’s revenues and latest profit figures?
FxPro launches offshore bank BankPro. Cyprus based Retail FX and CFDs broker FxPro is taking an interesting expansion route, announcing today the launch of its new offshore banking arm, BankPro. BankPro combines private banking services with advanced investment and trading capabilities, offering clients a seamless, all-in-one application tailored to their financial needs. Where is BankPro based and domiciled? What will it be offering? We explain.
Top FX industry executive moves reported at FNG this week
❑ Nicos Vassiliou hired as CEO of CySEC licensed CFDs broker Colmex Pro.
❑ CFI hires Ilgar Rustambayli as Azerbaijan CEO following AzFinance acquisition.
❑ Exclusive: Trive UK Chairman Marcus Scarlett resigns ahead of FCA license cancellation.
❑ 26 Degrees exec Vasilis Sotiriou rejoins IC Markets to head Risk.
❑ Former IG Group CEO June Felix to join BoD of Iron Mountain.
❑ Johnny Khalil named Executive Director at Tickmill Europe.
