Who is the new CEO at leading online broker INFINOX? And which former brokerage CEO (OANDA, Alpari) has joined INFINOX in a senior management role?
Which online broker is running ads starring boxing icon Mike Tyson as its new Brand Ambassador?
Which FX and CFDs industry recruiter is joining the board of Admirals?
What has led Capital.com to look at hiring 200 new professionals across its global network of offices?
Some of the most read and commented-on FX/CFD industry news stories to appear over the past seven days on FNG included:
INFINOX UK returns to profitability in FY2024 as retail business closed, Robert Berkeley departs. Changes are afoot at leading online broker INFINOX. After earlier reporting that the company has brought on board the former CEO of OANDA and Alpari, we have more news about INFINOX Capital Ltd – the group’s FCA regulated UK arm. It looks like INFINOX UK has phased out retail business in favour of its IXO Prime institutional offering, with longtime CEO Robert Berkeley also leaving the company.
Exclusive: Mike Tyson becomes brand ambassador for… FNG Exclusive… FNG has learned that a leading online broker has engaged legendary boxer Mike Tyson as Brand Ambassador, to launch an about-to-debut new branding campaign, which will include TV ad spots and Out-of-Home ads in key regions. Which broker is Mike Tyson now backing with a new “It’ll Knock You Out” video?
Capital.com set to double technology team as monthly volumes top $150 billion. Leading Retail FX and CFDs broker Capital.com has announced that total client trading volumes reached over $450 billion in Q3 2024 (+ $150 billion monthly), a 20% increase from Q2 2024, affirming the company’s steady growth trajectory. To support its clients with a diverse range of products and solutions, the company is hiring 200 new professionals across its global network of offices.
Exclusive: BP Prime sees 7x Revenue jump in FY2024 to £16M in refocus on Professional clients. FNG Exclusive… FNG has learned via regulatory filings that FCA regulated Black Pearl Securities Limited, which operates the BP Prime online trading brand, has seen a huge, nearly seven-times rise in its Revenues in fiscal year 2024 (year ended March 31), as the company rebranded and refocused on Institutional and Professional clients.
OTP Group selects Integral technology to upgrade FX trading operations. Integral, a leading currency technology provider to the financial markets, has announced that Hungary based banking concern OTP Group has selected its technology to upgrade its global FX trading operations. OTP Group has chosen Integral’s liquidity aggregation, pricing engine, trading and risk management solutions to deliver the highest standards of pricing accuracy and reliability to its clients. Through these enhancements, OTP Group can deliver superior client service and drive cost savings across its FX operations.
Top FX industry executive moves reported at FNG this week included:
❑ Daniel Skowronski joins INFINOX as Group Executive Director.
❑ FX and CFDs industry recruiter Juri Kartakov (re)joins Admirals board.
❑ Exclusive: Former M4Markets bizdev head Nick Jay joins Muinmos.
❑ Options Technology appoints Noam Siegel as VP of Sales.
❑ Spotex hires DeFi expert Leo Hmelnitsky as CSO Digital Assets.
❑ OptAxe hires FX industry vet Chris Smith to head Business Development.
