Who acquired control of leading Retail FX and CFDs broker INFINOX?
Which online broker has become the Official Partner of UFC in Asia?
Who was named as the new CEO at Skilling?
What anti-money laundering troubles have befallen NinjaTrader and its President Michael Cavanaugh?
Where is neobank Revolut expanding its offering to include stock (and possibly CFDs) trading?
Some of the most read and commented-on FX/CFD industry news stories to appear over the past seven days on FNG included:
Exclusive: INFINOX sold. FNG Exclusive… FNG has learned that leading FX and CFDs broker INFINOX has been acquired by an investor group, led by a prominent FX industry executive. Who has bought INFINOX? (And from whom?) What other senior management changes have occurred at INFINOX, ahead of the change-of-control?
Pepperstone becomes the Official Partner of UFC in Asia. Leading Australia based online trading provider Pepperstone has announced a new partnership with UFC, the world’s premier mixed martial arts organisation, to become the Official Partner of UFC in Asia. This strategic collaboration brings together two dynamic forces; a trading provider serving clients in over 160 countries, with a global combat sports powerhouse that has transformed martial arts into a mainstream phenomenon.
NinjaTrader and President Michael Cavanaugh charged with serious AML deficiencies. The US National Futures Association (NFA) has announced that it has issued a Complaint against NinjaTrader Clearing LLC and its longtime President Michael Cavanaugh. The Complaint charges NinjaTrader with failing to implement an adequate anti-money laundering (AML) program, and charges both NinjaTrader and Cavanaugh with failing to supervise.
Revolut adding UK to EU plans to offer stock and CFDs trading. Bloomberg is reporting that neobank giant Revolut has received approval from UK financial regulator The Financial Conduct Authority (FCA) as an investment firm, which will permit it to expand its services from banking and payment services to include stock and CFDs trading. The news comes two months after we reported exclusively here at FNG that Revolut is entering the EU CFDs trading business with a new brand called Revolut Invest.
Exclusive: Doo Group buys licensed Indonesian broker Prima Tangguharta Futures. FNG Exclusive… FNG has learned that Singapore based online brokerage firm Doo Group has expanded to yet another country, acquiring PT Prima Tangguharta Futures, a small MT5-based Indonesia based broker. The acquisition comes with a license issued by Indonesia’s financial regulator Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI).
Top FX industry executive moves reported at FNG this week included:
❑ Exclusive: Skilling installs George Kyriakoudes as CEO.
❑ Exclusive: Kate Rutkovskaya rejoins Your Bourse to head Business Development.
❑ Exclusive: Skilling BizDev Manager Flavio Maciel moves to offshore CFDs broker 4XC.
❑ Taskize names Diederik Geeraerts its CEO.
❑ Glenn Collinson to step down as Chair and Director of Aquis.
❑ Euroclear appoints Nils Jean-Mairet as group CFO.
