Who is the new CEO of newly FCA licensed neobroker Lightyear?
Who is behind the launch of new Dubai based FX and CFDs focused marketing agency Jabal?
Which trading platform is newly launched prop firm MasterFunders going with?
Where did iSAM Hong Kong office head Phil Kim move to?
Some of the most read and commented-on FX/CFD industry news stories to appear over the past seven days on FNG included:
Exante expands to MENA with Dubai DIFC licensed rep office. CySEC licensed Retail FX and CFDs broker Exante has announced that it has opened a new office in the Dubai International Financial Centre (DIFC). Exante’s Cyprus based, CySEC licensed entity EXT Ltd has received a license (DFSA Reference Number: F007837) as a Non-DIFC Company, DIFC Representative Office. By establishing its presence in Dubai, Exante said that it is now offering its brokerage solutions to clients in the United Arab Emirates (UAE), providing them with access to over 50 global financial markets and more than a million instruments in a fully customisable trading platform.
Exclusive: MENA forex exec Waleed Salah launching marketing firm Jabal. FNG Exclusive… FNG has learned that Waleed Salah is launching a new Dubai based marketing and business development advisory firm serving FX and CFDs brokers, called Jabal. The new firm will formally open its doors for business next month.
Cyprus-based prop firm MasterFunders launches using Leverate’s SiRiX trading platform. MasterFunders, a Cyprus-based proprietary trading firm, has officially launched, introducing a “New Era” approach to prop trading. With its innovative strategies, trader-centric philosophy, and cutting-edge technology, including Leverate’s SiRiX trading platform, MasterFunders said it is poised to transform the global trading landscape by empowering traders with unparalleled resources, fairness, and flexibility.
Hantec Markets reports 32% trading volumes growth in Q3-2024. Retail FX and CFDs broker Hantec Markets has announced what the company calls impressive growth across multiple performance indicators from Q2 to Q3 2024, showcasing the dynamic expansion of its platform and the growing engagement of its trading community. Hantec Markets said that as the company heads into 2025, it is committed to maintaining this momentum through strategic initiatives and product expansions.
24 Exchange gets SEC nod for its new round-the-clock securities exchange 24X. Bermuda domiciled OTC product trading platform 24 Exchange has announced that it has received approval from the U.S. Securities and Exchange Commission (SEC) to operate 24X National Exchange as the first national securities exchange in the U.S. that allows trading of U.S. securities 23 hours each workday. The new Exchange will enable retail and institutional customers anywhere in the world to trade in U.S. equities via broker-dealers who are approved members of 24X National Exchange.
Top FX industry executive moves reported at FNG this week included:
❑ iSAM/Sucden alum Phil Kim joins ACY Connect to head Institutional Sales Asia.
❑ Wander Rutgers replaces Martin Sokk as CEO as neobroker Lightyear gets FCA license.
❑ Exclusive: Fullerton Markets exec Rainer Phua joins TMGM to run Liquidity.
❑ One Trading hires Accenture exec Steven Harper as CSO.
❑ Exclusive: Uveler hires Exness alum Katarzyna Zakrzewska to head Performance Marketing.
❑ SIX appoints Bjørn Sibbern as CEO.
