Which crypto exchange did IG Group just buy, paying more than $100 million? Why did IG say it made the move?
Who is behind the launch of the new Investa options trading app ?
Who was hired as CEO of Hantec’s B2B institutional broker arm Hantec Prime?
What other executive were seen at CPT Markets, PrimeXM, Eightcap, IG Group, and TopFX?
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 acquires cryptocurrency exchange Independent Reserve for A$178m. Electronic trading major IG Group Holdings plc (LON:IGG) today announced the acquisition of Independent Reserve, a cryptocurrency exchange based in Australia, for an initial enterprise value of A$178.0m (£86.8m). Independent Reserve has strong growth momentum, with revenue in the 12-months ending 30 June 2025 of A$35.3m (£17.7m), increasing 88% on the previous fiscal year and representing a CAGR of 70% over the prior two years.
Investa options trading app launches amid second crowdfunding. London based Investa has announced that its zero-commission options trading app is now available to investors, after an active soft launch where over 1,400 trades were facilitated. The app, available on iOS, has been built by a team of former Citi options brokers and the co-founder of Freetrade, Ian Fuller.
IG Prime launches institutional white label offering. IG Prime, the B2B services and institutional brokerage arm of leading UK online broker IG Group, has announced that it has launched an institutional white label solution in a strategic partnership with an international banking group. The solution will give the bank’s institutional hedge fund clients access to IG’s multi-asset global trading platform, delivered under the bank’s own branding.
FXSpotStream adds BNY as 19th liquidity provider. Multibank FX streaming service FXSpotStream, a wholly owned subsidiary of LiquidityMatch LLC, has announced that it has expanded its growing pool of liquidity providers by adding BNY, a global financial services company, to its no-cost-to-takers Service. BNY becomes the 19th liquidity provider on the Service.
STARprime launches Delta-T Liquidity Solution. STARprime, the institutional prime services unit of Retail FX and CFDs brokerage group STARTRADER, has announced the launch of what it terms a revolutionary Liquidity Solution (Delta-T), designed to provide clients with additional revenue of $ per million from their order flow. Delta-T works on a ‘community-based’ principle, where all market participants contribute to the predictive analysis of the potential value of order flow.
Top FX industry executive moves this week
❑ Exclusive: Michael Nichols joins Hantec Prime as CEO.
❑ Exclusive: Mike Greenhalgh replaces Nick Lewis as CEO of CPT Markets UK.
❑ Christina Barbash named CCO at PrimeXM.
❑ Eightcap hires CMC exec Neil Emmerson to head Trading Risk UK.
❑ Mike McTighe intends to step down as IG Group Chairman.
❑ Exclusive: TopFX Head of Sales Omar Al-Janabi departs.
❑ Capitolis appoints Melanie Carucci as Global Head of Sales.
